Announced on 02/07
- Rev of $97.2M
- Net income of $19.4M
- Div of $0.75
- In Q1 2024, one vessel being returned (option declined) and one vessel option extended
Entertaining call - CEO invoked Buffett’s “Short term, market is a voting machine, long term …” idea to explain FLNG’s current price. Company has 50 vessel years of coverage, excluding options. The vessel that delivers to them in a month or two has its first dry-dock. Flex is open to charter options - spot, short TC, long TC. Newbuild prices would keep them out of additional vessels. But, the company would be open to growth via M&A (very selectively)