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Stock impact report

Flex LNG - Third Quarter 2024 Earnings Release

FLEX LNG Ltd. Ordinary Shares (FLNG) 
Company Research Source: PR Newswire
HAMILTON, Bermuda, Nov. 12, 2024 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the nine months ended September 30, 2024.Highlights:* Vessel operating revenues of $90.5 million for the third quarter 2024, compared to $84.7 million for the second quarter 2024.* Net income of $17.4 million and basic earnings per share of $0.32 for the third quarter 2024, compared to net income of $21.8 million and basic earnings per share of $0.41 for the second quarter 2024.* Average Time Charter Equivalent ("TCE") rate of $75,426 per day for the third quarter 2024, compared to $72,385 per day for the second quarter 2024.* Adjusted EBITDA of $70.4 million for the third quarter 2024, compared to $63.2 million for the second quarter 2024.* Adjusted net income of $28.7 million for the third quarter 2024, compared to $30.4 million for the second quarter 2024.* Adjusted basic earnings per share of $0.53 for the third quarter 2024, compared to Show less Read more
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