Flex LNG Ltd (CHIX:FLNGo)
kr 312.4 0 (0%) Market Cap: 16.26 Bil Enterprise Value: 30.99 Bil PE Ratio: 11.14 PB Ratio: 1.82 GF Score: 77/100
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Q1 2023 FLEX LNG Ltd Earnings Call Transcript

May 16, 2023 / 01:00PM GMT
Release Date Price: kr351.2
Operator

(technical difficulty)

Both according to schedule and budget.

During Q2, we will do another two dockings, so in total, three dry dockings for Q2, and this result in revenues for this quarter being guided at $85 million to $90 million. Once we have completed the dry docking program in June, our quarterly revenues will pick up in Q3 and Q4 with quarterly revenues of around $90 million to $100 million for these two quarters. So we are also reaffirming our revenue guidance of $370 million for the year, which should translate into an expected adjusted EBITDA of around $290 million to $295 million.

So with who has a strong financial position and minimum 57 years of contractual backlog. Our Board has decided to once again pay out our quarterly ordinary dividend of $0.75 per share. During the last 12 months, we have thus paid out $3.75 per share in dividends, and this has given our investors an attractive yield of around 11%.

So that's the highlight. Let's continue. So as I mentioned, we are reaffirming our revenue guidance of $370 million for the full year 2023. As you can

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