Flex LNG (FLNG) reported results earlier today (05/16)
- Operating revenue of $92.5M
- Net income of $16.5M
- TCE rate of $80,175 daily
- Declared a Q1 2023 div of $0.75/sh
- 57 tanker years of revenue
Flex LNG – First Quarter 2023 Earnings Release – FLEX LNG
Although FLNG has a relatively new fleet - the company completed its first dry docking in Mar 2023. A second dry docking was completed in Apr 2023. And two more will be completed during Q2. Lots of refinancing activity in Q1 2023.