Flex LNG Reports Strong Q1 Earnings and Dividends
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Flex LNG Reports Strong Q1 Earnings and Dividends

FLEX LNG (FLNG) has released an update.

Flex LNG Ltd. has reported a strong first quarter in 2024, with revenues of $90.2 million and a net income increase to $33.2 million, up from $19.4 million in the previous quarter. The company highlighted successful charter extensions, adding 6.2 years to its backlog, and a quarterly dividend payout of $0.75 per share, yielding an 11 percent return for investors. CEO Øystein M Kalleklev emphasized the company’s solid earnings, substantial backlog, and robust balance sheet as key factors in its financial health.

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