Flex LNG Q1 2022

Announced earlier today (5/11)

  • Rev of $74.6M
  • Net income of $55.8M & Adj Net Income of $23.8M (Difference to effective hedging strategy)
  • Dividend maintained @ 75c/sh
  • TCE avg of $62627 daily


The TCE avg suggests that fixed rate avg is probably $65K - $68K daily. While the company can remain with a fleet size of 13 tankers, I don’t see that
consistent with Fredriksen’s mindset. So, what’s the next step JF?

Monetized some gains in March and April 2022, the latter being quite timely.

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