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FLNG - FLEX LNG News Story

NOK83.25 7.3  9.5%

Last Trade - 14/04/21

Sector
Energy
Size
Mid Cap
Market Cap £354.5m
Enterprise Value £1.28bn
Revenue £119.4m
Position in Universe 569th / 1829

BRIEF-Flex LNG Q4 Adjusted EBITDA Of $50.2 Mln, Up Q/Q

Wed 17th February, 2021 6:09am
Feb 17 (Reuters) - FLEX LNG Ltd  FLNG.OL :
    * REVENUES OF $67.4 MILLION FOR Q4 2020, COMPARED TO $33.1
MILLION
FOR Q3 2020
    * NET INCOME OF $25.8 MILLION AND EARNINGS PER SHARE OF
$0.48 FOR
Q4 2020, COMPARED TO $3.8 MILLION AND EARNINGS PER SHARE OF
$0.07 FOR Q3 2020
    * AVERAGE TCE RATE OF $73,712 PER DAY FOR Q4 2020, COMPARED
TO
$46,569 PER DAY FOR Q3 2020
    * ADJUSTED EBITDA OF $50.2 MILLION FOR Q4 2020, COMPARED TO
$21.9
MILLION FOR Q3 2020
    * HAS DECLARED A CASH DIVIDEND FOR Q4 OF $0.30 PER SHARE
    * DURING Q4 AND INTO 2021, LNG MARKET IMPROVED MARKEDLY
DRIVEN BY
STRONG DEMAND FROM ASIA DUE TO COMBINATION OF COLD WEATHER AND
ECONOMIC RECOVERY
    * EXPECTS LNG EXPORTS TO GROW STEADILY IN 2021, AS US IS
EXPECTED
TO PRODUCE CLOSE TO CAPACITY AND THIS WILL ALSO BE POSITIVE FOR
SHIPPING DEMAND
    * EXPECTS REVENUES TO GROW FROM $67 MILLION IN Q4 OF 2020 TO
BETWEEN $80 AND $90 MILLION IN Q1 OF 2021

Source text for Eikon:  ID:nObiTL6QDa 
Further company coverage:  FLNG.OL 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))
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