Flex LNG reports Q4 adjusted EPS 70c vs. 67c last year

Reports Q4 operating revenue $97.2M vs. $94.6M last year. The company said, “We today release the fourth quarter and full year 2023 results for Flex LNG, and we are pleased that we have delivered on all our guidance measures for the year. We guided that our revenues would increase from $348 million in 2022 to approximately $370 million in 2023 and we delivered revenues of $371 million in 2023, whilst revenues for the fourth quarter came in at $97.2 million in line with quarterly guidance of $97-99 million. The increase in revenues compared to 2022 was driven by higher Time Charter Equivalent (TCE) rate for the fleet. We guided TCE rate of about $80,000 for the year and delivered TCE rate of $81,000 and $79,500 for the fourth quarter and the full year 2023, respectively.”