FLEX LNG (NYSE:FLNG) Full Year 2024 Results
Key Financial Results
- Revenue: US$356.3m (down 4.0% from FY 2023).
- Net income: US$117.7m (down 2.0% from FY 2023).
- Profit margin: 33% (in line with FY 2023).
- EPS: US$2.19 (down from US$2.24 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
FLEX LNG EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.
In the last 12 months, the only revenue segment was Transportation - Shipping contributing US$356.3m. The most substantial expense, totaling US$80.1m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how FLNG's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 2 warning signs for FLEX LNG you should be aware of, and 1 of them is significant.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:FLNG
FLEX LNG
Engages in the seaborne transportation of liquefied natural gas (LNG) worldwide.
Undervalued with acceptable track record.
