Complete financial analysis of FLEX LNG Ltd. (FLNG) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of FLEX LNG Ltd., a leading company in the Oil & Gas Midstream industry within the Energy sector.
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FLEX LNG Ltd. (FLNG)
About FLEX LNG Ltd.
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 371.02M | 347.92M | 343.45M | 164.46M | 119.97M | 77.21M | 27.33M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 143.40M | 138.16M | 134.40M | 82.54M | 57.45M | 43.57M | 37.57M | 743.00K | 815.00K | 870.00K | 1.16M | -2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 227.62M | 209.76M | 209.04M | 81.92M | 62.51M | 33.64M | -10.25M | -743.00K | -815.00K | -870.00K | -1.16M | 2.26M | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 61.35% | 60.29% | 60.87% | 49.81% | 52.11% | 43.56% | -37.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 725.00K | 1.41M | 1.51M | 3.05M | -12.54M | 13.43M | 10.21M | 0.00 | 0.00 |
| Other Expenses | 0.00 | 0.00 | -1.21M | 0.00 | -3.39M | 0.00 | 0.00 | 2.00K | 3.00K | 1.00K | -209.97M | 301.26M | 112.29M | 98.69M | 10.66M | 14.77M |
| Operating Expenses | 10.47M | 9.15M | 7.89M | 6.30M | 7.51M | 4.64M | 2.37M | 727.00K | 1.41M | 1.51M | -206.92M | 288.71M | 125.72M | 108.90M | 10.66M | 14.77M |
| Cost & Expenses | 153.87M | 147.30M | 142.29M | 88.84M | 64.96M | 48.21M | 39.94M | 1.47M | 2.23M | 2.38M | -205.77M | 286.45M | 125.72M | 108.90M | 10.66M | 14.77M |
| Interest Income | 4.87M | 2.01M | 41.00K | 327.00K | 1.07M | 607.00K | 123.00K | 9.00K | 20.00K | 3.00K | 21.00K | 88.00K | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 108.72M | 76.60M | 56.22M | 41.81M | 33.88M | 17.64M | 234.00K | 314.00K | 267.00K | 35.00K | 3.00K | -10.15M | 222.00K | 393.00K | 2.79M | |
| Depreciation & Amortization | 73.36M | 72.22M | 69.83M | 41.85M | 28.75M | 17.41M | 2.00K | 2.00K | 3.00K | 1.00K | 32.00K | 116.00K | 146.00K | 211.00K | 250.00K | 0.00 |
| EBITDA | 302.20M | 336.96M | 270.99M | 117.47M | 83.75M | 46.41M | -10.16M | -1.47M | -2.21M | -2.59M | -4.56M | -298.63M | -135.73M | -108.47M | -10.02M | -11.98M |
| EBITDA Ratio | 81.45% | 78.85% | 78.87% | 71.57% | 70.61% | 60.67% | -45.70% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 217.16M | 200.62M | 201.16M | 75.62M | 55.01M | 29.00M | -12.61M | -1.49M | -2.23M | -2.59M | 205.47M | -298.32M | -125.72M | -108.90M | -10.66M | -14.77M |
| Operating Income Ratio | 58.53% | 57.66% | 58.57% | 45.98% | 45.85% | 37.56% | -46.16% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | -97.04M | -12.48M | -38.85M | -67.43M | -37.86M | -17.23M | 2.22M | -305.00K | -247.00K | -32.00K | 3.00K | -301.79M | -10.15M | 222.00K | 393.00K | 2.79M |
| Income Before Tax | 120.12M | 188.14M | 162.30M | 8.19M | 17.15M | 11.77M | -10.39M | -1.79M | -2.48M | -2.62M | 205.48M | -298.74M | -135.87M | -108.68M | -10.27M | -11.98M |
| Income Before Tax Ratio | 32.37% | 54.08% | 47.26% | 4.98% | 14.29% | 15.24% | -38.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 78.00K | 98.00K | 99.00K | 84.00K | 182.00K | -10.00K | 17.00K | -1.00K | 7.00K | 13.00K | 15.00K | 57.00K | 88.00K | 173.00K | 186.00K | 0.00 |
| Net Income | 120.04M | 188.04M | 162.21M | 8.11M | 16.97M | 11.78M | -10.41M | -1.79M | -2.49M | -2.64M | 205.46M | -298.80M | -135.96M | -108.66M | -10.17M | -11.98M |
| Net Income Ratio | 32.35% | 54.05% | 47.23% | 4.93% | 14.14% | 15.26% | -38.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 2.24 | 3.53 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.20 | -0.21 | 16.30 | -23.90 | -11.31 | -9.62 | -0.90 | -1.37 |
| EPS Diluted | 2.22 | 3.51 | 3.04 | 0.15 | 0.31 | 0.29 | -0.34 | -0.14 | -0.19 | -0.21 | 16.30 | -23.87 | -11.31 | -9.62 | -0.90 | -1.37 |
| Weighted Avg Shares Out | 53.70M | 53.20M | 53.32M | 54.10M | 54.11M | 40.45M | 30.61M | 12.79M | 12.43M | 12.66M | 12.60M | 12.50M | 12.02M | 11.29M | 11.29M | 8.77M |
| Weighted Avg Shares Out (Dil) | 53.99M | 53.52M | 53.34M | 54.27M | 54.25M | 40.59M | 30.76M | 12.79M | 12.78M | 12.66M | 12.60M | 12.52M | 12.02M | 11.29M | 11.29M | 8.77M |
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Flex LNG - Presentation at DNB Energy & Shipping Conference 2024
HAMILTON, Bermuda , March 7, 2024 /PRNewswire/ -- Flex LNG will today attend the DNB Energy & Shipping Conference 2024, and we will next week also be doing an investor update in connection with the 18th Annual Capital Link Shipping Forum in...
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HAMILTON, Bermuda , March 6, 2024 /PRNewswire/ -- Flex LNG Ltd (the "Company") announces that its annual report on Form 20-F for the year ended December 31, 2023 (the "Annual Report") has been filed with the U.S. Securities and Exchange Commission (the...
Flex LNG - Time Charter for Flex Courageous extended by 2 years from 2025 to 2027
HAMILTON, Bermuda , Feb. 23, 2024 /PRNewswire/ -- Flex LNG Ltd. («Flex LNG» or «Company») (NYSE: FLNG) (OSE: FLNG) has received notice that the charterer of Flex Courageous, a super major, has exercised its first extension option.
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HAMILTON, Bermuda , Feb. 22, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) will be traded ex dividend of USD 0.75 per share for the fourth quarter of 2023 as of today, February 22, 2024.
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