Duyuru • May 06
FLEX LNG Ltd., Annual General Meeting, May 05, 2026 FLEX LNG Ltd., Annual General Meeting, May 05, 2026. Location: par-la-ville place, 4th floor, 14 par-la-ville road hm08, hamilton Bermuda Declared Dividend • Feb 13
Fourth quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 27th February 2026 Payment date: 12th March 2026 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (217% earnings payout ratio) nor is it covered by cash flows (115% cash payout ratio). The dividend has increased by an average of 40% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 141% to bring the payout ratio under control. EPS is expected to grow by 78% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 12
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: US$1.38 (down from US$2.19 in FY 2024). Revenue: US$347.6m (down 2.4% from FY 2024). Net income: US$74.8m (down 36% from FY 2024). Profit margin: 22% (down from 33% in FY 2024). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Declared Dividend • Nov 16
Third quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 28th November 2025 Payment date: 11th December 2025 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (165% earnings payout ratio) nor is it covered by cash flows (104% cash payout ratio). The dividend has increased by an average of 40% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 83% to bring the payout ratio under control. EPS is expected to grow by 38% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 13
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: US$0.31 (down from US$0.32 in 3Q 2024). Revenue: US$85.7m (down 5.3% from 3Q 2024). Net income: US$16.8m (down 3.4% from 3Q 2024). Profit margin: 20% (in line with 3Q 2024). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Duyuru • Nov 12
Flex Lng Ltd. Declares Dividend for the Third Quarter of 2025, Payable on or About December 11, 2025 Flex Lng Ltd. declared a dividend for the third quarter of 2025 of $0.75 per share. The dividend is payable on or about December 11, 2025 to shareholders, on record as of November 28, 2025. Declared Dividend • Aug 22
Second quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 5th September 2025 Payment date: 18th September 2025 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (164% earnings payout ratio) nor is it adequately covered by cash flows (97% cash payout ratio). The dividend has increased by an average of 40% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 82% to bring the payout ratio under control. EPS is expected to grow by 39% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 21
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: US$0.33 (down from US$0.41 in 2Q 2024). Revenue: US$86.0m (up 1.5% from 2Q 2024). Net income: US$17.7m (down 19% from 2Q 2024). Profit margin: 21% (down from 26% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 4.3%. Earnings per share (EPS) missed analyst estimates by 28%. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Duyuru • Aug 20
FLEX LNG Ltd. (NYSE:FLNG) announces an Equity Buyback for 900,000 shares, for $15 million. Flex LNG Ltd. (OB:FLNG) announces a share repurchase program. Under the program, the company will repurchase up to 900,000 shares for $15 million. The shares purchased will be held as treasury shares. The repurchase program will end on November 27, 2025. Duyuru • Aug 06
FLEX LNG Ltd. to Report Q2, 2025 Results on Aug 20, 2025 FLEX LNG Ltd. announced that they will report Q2, 2025 results at 7:00 AM, Central European Standard Time on Aug 20, 2025 Declared Dividend • May 23
First quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 6th June 2025 Payment date: 20th June 2025 Dividend yield will be 13%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (157% earnings payout ratio). However, it is covered by cash flows (86% cash payout ratio). The dividend has increased by an average of 40% per year over the past 6 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 74% to bring the payout ratio under control. EPS is expected to grow by 26% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • May 22
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: US$0.35 (down from US$0.62 in 1Q 2024). Revenue: US$88.4m (down 2.0% from 1Q 2024). Net income: US$18.7m (down 44% from 1Q 2024). Profit margin: 21% (down from 37% in 1Q 2024). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 29%. Revenue is forecast to grow 1.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • May 21
Flex LNG Ltd Declares Cash Distribution for the First Quarter 2025, Payable on June 20,2025 FLEX LNG Ltd. declared a dividend for the first quarter 2025 of $0.75 per share. The dividend is payable on or about June 20, 2025 to shareholders, on record as of June 6, 2025. Board Change • May 11
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Nikolai Grigoriev was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 09
FLEX LNG Ltd. Approves to Elect Mikkel Storm Weum as a Director FLEX LNG Ltd. approved to elect Mikkel Storm Weum as a Director of the Company, at its AGM held on 8 May 2025. Recent Insider Transactions • Apr 21
Director recently sold US$209k worth of stock On the 17th of April, Susan Sakmar sold around 9k shares on-market at roughly US$23.20 per share. This transaction amounted to 87% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$201k more than they bought in the last 12 months. Duyuru • Mar 31
FLEX LNG Ltd. Announces CEO Changes Flex LNG Ltd. announced that the Company's Board of Directors, under the Chairmanship of Ola Lorentzon, has accepted the resignation by Øystein Kalleklev from his role as Chief Executive Officer (CEO). Mr. Kalleklev joined Flex LNG in October 2017 and was appointed CEO in August 2018 and has thus been with the Company for exactly seven and a half years. The Board has appointed Marius Foss, Chief Commercial Officer, as interim CEO. Mr. Kalleklev will however be available in an advisory capacity until end of the third quarter to ensure a smooth transition period. Price Target Changed • Mar 21
Price target decreased by 9.4% to US$24.00 Down from US$26.50, the current price target is an average from 2 analysts. New target price is 7.3% above last closing price of US$22.37. Stock is down 11% over the past year. The company is forecast to post earnings per share of US$1.90 for next year compared to US$2.19 last year. Declared Dividend • Feb 06
Fourth quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 20th February 2025 Payment date: 5th March 2025 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (137% earnings payout ratio). However, it is covered by cash flows (89% cash payout ratio). The dividend has increased by an average of 50% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 53% to bring the payout ratio under control. EPS is expected to grow by 16% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Feb 04
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$2.19 (down from US$2.24 in FY 2023). 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). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%. Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Duyuru • Feb 04
Flex LNG Ltd Declares Cash Distribution for the Fourth Quarter 2024, Payable on March 5, 2025, for NYSE Shareholders and March 10, 2025, for OSE Shareholders Flex LNG Ltd. has announced key information regarding the cash distribution for the fourth quarter of 2024, as detailed on February 4, 2025, from Hamilton, Bermuda. The distribution will be made from the Company's Contributed Surplus For NYSE shareholders, the distribution amount is set at $0.75, with the declared currency being USD. The last day including the right to the distribution is February 19, 2025, followed by the ex-date and record date both on February 20, 2025. The payment date for this distribution is scheduled for March 5, 2025, and the date of approval was February 3, 2025. For OSE shareholders who have shares registered in Euronext Securities Oslo, the distribution amount is also $0.75, with the declared currency being USD, which will be distributed in NOK. The last day including the right for OSE shareholders is February 18, 2025, with the ex-date on February 19, 2025, and the record date on February 20, 2025. The payment date for OSE shareholders is set for March 10, 2025, and similarly, the date of approval was February 3, 2025. Duyuru • Jan 02
FLEX LNG Ltd., Annual General Meeting, May 09, 2025 FLEX LNG Ltd., Annual General Meeting, May 09, 2025. Major Estimate Revision • Nov 19
Consensus EPS estimates fall by 13% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$360.5m to US$355.3m. EPS estimate also fell from US$2.13 per share to US$1.85 per share. Net income forecast to grow 25% next year vs 6.7% growth forecast for Oil and Gas industry in the US. Consensus price target of US$27.00 unchanged from last update. Share price rose 8.4% to US$25.94 over the past week. Declared Dividend • Nov 14
Third quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 27th November 2024 Payment date: 16th December 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (176% earnings payout ratio). However, it is covered by cash flows (88% cash payout ratio). The dividend has increased by an average of 50% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 95% to bring the payout ratio under control. EPS is expected to grow by 24% over the next 2 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Nov 13
Third quarter 2024 earnings: EPS misses analyst expectations Third quarter 2024 results: EPS: US$0.32 (down from US$0.84 in 3Q 2023). Revenue: US$90.5m (down 4.3% from 3Q 2023). Net income: US$17.4m (down 61% from 3Q 2023). Profit margin: 19% (down from 48% in 3Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 41%. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Duyuru • Nov 12
FLEX LNG Ltd. Declares Cash Distribution for the Third Quarter 2024, Payable on or About December 11, 2024 and December 16, 2024 FLEX LNG Ltd. declared a dividend for the third quarter 2024 of $0.75 per share. The shares traded on the New York Stock Exchange will be traded ex dividend on November 27, 2024. Record date is November 27, 2024. The dividend will be paid to shareholders on NYSE on or about December 11, 2024. The shares traded on Oslo Stock Exchange and registered with Euronext Securities Oslo will trade ex dividend of as of November 26, 2024. Record date is November 27, 2024. The dividend will be paid to shareholders on OSE on or about December 16, 2024. Recent Insider Transactions Derivative • Sep 25
Principal Executive Officer exercised options and sold US$2.0m worth of stock On the 19th of September, Oystein Kalleklev exercised 100k options at a strike price of around US$6.93 and sold these shares for an average price of US$26.65 per share. This trade did not impact their existing holding. For the year to December 2021, Oystein's total compensation was 48% salary and 52% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Oystein has owned 50.00k shares directly. Company insiders have collectively sold US$5.3m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Aug 19
Second quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 29th August 2024 Payment date: 12th September 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (135% earnings payout ratio) nor is it adequately covered by cash flows (92% cash payout ratio). The dividend has increased by an average of 51% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 50% to bring the payout ratio under control. However, EPS is expected to remain steady over the next year, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 15
Second quarter 2024 earnings released: EPS: US$0.41 (vs US$0.73 in 2Q 2023) Second quarter 2024 results: EPS: US$0.41 (down from US$0.73 in 2Q 2023). Revenue: US$84.7m (down 2.3% from 2Q 2023). Net income: US$21.8m (down 44% from 2Q 2023). Profit margin: 26% (down from 45% in 2Q 2023). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 1.8% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Duyuru • Aug 05
FLEX LNG Ltd. to Report Q2, 2024 Results on Aug 14, 2024 FLEX LNG Ltd. announced that they will report Q2, 2024 results at 7:00 AM, Central European Standard Time on Aug 14, 2024 Declared Dividend • May 27
First quarter dividend of US$0.75 announced Dividend of US$0.75 is the same as last year. Ex-date: 10th June 2024 Payment date: 21st June 2024 Dividend yield will be 11%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (118% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 51% per year over the past 5 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 31% to bring the payout ratio under control, which is less than the 62% EPS growth achieved over the last 5 years. Reported Earnings • May 24
First quarter 2024 earnings released: EPS: US$0.62 (vs US$0.31 in 1Q 2023) First quarter 2024 results: EPS: US$0.62 (up from US$0.31 in 1Q 2023). Revenue: US$90.2m (down 2.4% from 1Q 2023). Net income: US$33.2m (up 101% from 1Q 2023). Profit margin: 37% (up from 18% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 2.3% growth forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 23
FLEX LNG Ltd. Declares Dividend for the First Quarter of 2024. for NYSE and OSE Shareholders, Payable on or About June 21, 2024 and on or About June 26, 2024 Respectively Flex LNG Ltd. declared dividend for the first quarter of 2024. For NYSE shareholders, The company declared dividend of $0.75. Ex-date: June 10, 2024, Record date: June 10, 2024 and Payment date: On or about June 21, 2024. For OSE shareholders, The company declared dividend of $0.75. Ex-date: June 7, 2024, Record date: June 10, 2024 and Payment date: On or about June 26, 2024. Duyuru • Apr 30
FLEX LNG Ltd. Appoints Ola Lorentzon as the New Chairman of the Board Flex LNG Ltd. announced that the Board of Directors have elected Ola Lorentzon as the new Chairman of the Board. Mr. Lorentzon replaces David McManus who did not stand for re-election as a Director at the Annual General Meeting. Mr. Lorentzon has served as a Director of the Company since June 2017. He served as Principal Executive Officer of Golden Ocean Group Limited from 2010 to 2015 and held the role as Chief Executive Officer ofFrontline Management AS from 2000 to 2003. From 1986 to 2000, Mr. Lorentzon served as Chief Executive Officer of ICB Shipping. Mr. Lorentzon is also a Director and Chairman of Golden Ocean Group Limited and a Directorand Chairman of Frontline plc., both related parties of Geveran, and Erik Thun AB. Upcoming Dividend • Feb 15
Upcoming dividend of US$0.75 per share at 12% yield Eligible shareholders must have bought the stock before 22 February 2024. Payment date: 08 March 2024. The company is paying out more than 100% of its profits and is paying out 88% of its cash flow. Trailing yield: 12%. Within top quartile of American dividend payers (4.9%). Higher than average of industry peers (4.5%). Declared Dividend • Feb 11
Fourth quarter dividend of US$0.75 announced Shareholders will receive a dividend of US$0.75. Ex-date: 22nd February 2024 Payment date: 8th March 2024 Dividend yield will be 12%, which is higher than the industry average of 4.5%. Sustainability & Growth Dividend is not covered by earnings (134% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 67% per year over the past 4 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 49% to bring the payout ratio under control, which is less than the 50% EPS growth achieved over the last 5 years. Reported Earnings • Feb 08
Full year 2023 earnings released: EPS: US$2.24 (vs US$3.54 in FY 2022) Full year 2023 results: EPS: US$2.24 (down from US$3.54 in FY 2022). Revenue: US$371.0m (up 6.6% from FY 2022). Net income: US$120.0m (down 36% from FY 2022). Profit margin: 32% (down from 54% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Oil and Gas industry in the US. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Feb 07
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.7x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 113% Cash payout ratio: 96% Earnings are forecast to decline by an average of 1.2% per year for the foreseeable future. Minor Risk Profit margins are more than 30% lower than last year (38% net profit margin). Duyuru • Feb 07
Flex LNG Ltd. Declares Dividend for the Fourth Quarter of 2023, Payable On or About March 5, 2024 Flex LNG Ltd. declared dividend for the fourth quarter of 2023. The company declared dividend of $0.75. Ex-date: February 22, 2024, Record date: February 23, 2024 and Payment date: On or about March 5, 2024. Duyuru • Jan 24
FLEX LNG Ltd. to Report Q4, 2023 Results on Feb 07, 2024 FLEX LNG Ltd. announced that they will report Q4, 2023 results at 1:00 AM, US Eastern Standard Time on Feb 07, 2024