FLEX LNG Ltd. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 16, 2023 at 03:30 am EDT
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FLEX LNG Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net income was USD 39.02 million compared to USD 44.26 million a year ago. Basic earnings per share from continuing operations was USD 0.73 compared to USD 0.83 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 0.83 a year ago.
For the six months, net income was USD 55.55 million compared to USD 100.02 million a year ago. Basic earnings per share from continuing operations was USD 1.03 compared to USD 1.88 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to USD 1.87 a year ago.
FLEX LNG Ltd. is an owner and commercial operator of fuel efficient, fifth generation liquefied natural gas (LNG) carriers. The Companyâs business is focused on the operation of its long-term charters for its fleet. It owns and operates about nine M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel (X-DF) LNG carriers. The Companyâs operating vessels include Flex Endeavour, Flex Enterprise, Flex Ranger, Flex Rainbow, Flex Constellation, Flex Courageous, Flex Aurora, Flex Amber, Flex Artemis, Flex Resolute, Flex Freedom, Flex Volunteer, and Flex Vigilant. Its subsidiaries include Flex LNG Chartering Limited, Flex LNG Management AS, Flex LNG Bermuda Management Limited, Flex LNG Management Limited, Flex LNG Fleet Limited, Flex LNG Endeavour Limited, Flex LNG Enterprise Limited, Flex Vigilant Limited, and others.
FLEX LNG LTD. 
