Flex LNG Ltd. Files 6-K for Q2 2024

TL;DR

Flex LNG dropped its Q2 2024 update, check the numbers for shipping performance.

AI Summary

Flex LNG Ltd. filed a 6-K report for the period ending June 30, 2024. The filing includes financial information and details related to its operations in water transportation. Specific financial figures and operational metrics for the first half of 2024 and comparative periods are presented.

Why It Matters

This filing provides investors with an update on Flex LNG's financial performance and operational status for the second quarter of 2024, crucial for assessing the company's current health and future prospects in the LNG shipping market.

Risk Assessment

Risk Level: low — This is a routine 6-K filing providing financial and operational updates, not indicating any immediate or significant new risks.

Key Numbers

• 2024-06-30 — Reporting Period End Date (Indicates the end of the financial period covered by the report)
• 20240815 — Filing Date (The date the report was officially submitted to the SEC)

Key Players & Entities

• Flex LNG Ltd. (company) — Filer of the report

FAQ

Key Financial Figures

• $300.0 million — Shareholders' Equity) of the Company by $300.0 million and the crediting of the same amount re
• $0.10 — ,000,000,000 shares with a par value of $0.10 per share. Following the reorganization
• $0.01 — sted to 100,000,000 shares of par value $0.01 per share. As there were 54,520,325 sha
• $0 — e par value of each share from $0.10 to $0.01, $4.9 million was transferred from s
• $4.9 million — alue of each share from $0.10 to $0.01, $4.9 million was transferred from share capital to c
• $4.3 million — Vessel operating revenues decreased by $4.3 million to $174.9 million in the six months end
• $174.9 million — g revenues decreased by $4.3 million to $174.9 million in the six months ended June 30, 2024,
• $0.3 million — s and bunkers consumption, increased by $0.3 million to $1.3 million in the six months ended
• $1.3 million — nsumption, increased by $0.3 million to $1.3 million in the six months ended June 30, 2024,
• $1.5 million — Vessel operating expenses increased by $1.5 million to $34.5 million in the six months ende
• $34.5 million — g expenses increased by $1.5 million to $34.5 million in the six months ended June 30, 2024,
• $0.8 million — Administrative expenses decreased by $0.8 million to $5.3 million in the six months ended
• $5.3 million — e expenses decreased by $0.8 million to $5.3 million in the six months ended June 30, 2024,
• $1.6 million — 5) (35,870) Depreciation increased by $1.6 million to $37.5 million in the six months ende
• $37.5 million — preciation increased by $1.6 million to $37.5 million in the six months ended June 30, 2024,

Filing Documents

• flng-20240630.htm (6-K) — 784KB
• 0001772253-24-000022.txt ( ) — 5017KB
• flng-20240630.xsd (EX-101.SCH) — 49KB
• flng-20240630_cal.xml (EX-101.CAL) — 77KB
• flng-20240630_def.xml (EX-101.DEF) — 163KB
• flng-20240630_lab.xml (EX-101.LAB) — 415KB
• flng-20240630_pre.xml (EX-101.PRE) — 307KB
• flng-20240630_htm.xml (XML) — 694KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. FLEX LNG Ltd. (registrant) By: /s/ Oystein Kalleklev Name: Oystein Kalleklev Title: Chief Executive Officer of Flex LNG Management AS (Principal Executive Officer of FLEX LNG Ltd.) Date: August 15, 2024 FLEX LNG Ltd. EXHIBIT 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations The following presentation of management's discussion and analysis of financial condition and results of operations for the six month period ended June 30, 2024 should be read in conjunction with our unaudited condensed consolidated interim financial statements and related notes thereto included elsewhere herein, which have been prepared in accordance with United States generally accepted accounting principles ("U.S. GAAP"). For additional information relating to our management's discussion and analysis of results of operations and financial condition, please see our annual report on Form 20-F for the year ended December 31, 2023 (our "Annual Report"), filed with the U.S. Securities and Exchange Commission, or the SEC, on March 5, 2024. Unless otherwise indicated, the terms "FLEX LNG," "we," "us," "our," the "Company" and the "Group" refer to FLEX LNG Ltd. and its consolidated subsidiaries. We use the term "LNG" to refer to liquefied natural gas, and we use the term "cbm" to refer to cubic meters in describing the carrying capacity of the vessels in our Fleet (as defined below). Unless otherwise indicated, all references to "U.S. Dollars," "USD," "Dollars," "US$" and "$" in this report are to the lawful currency of the United States of America, references to "Norwegian Kroner," and "NOK" are to the lawful currency of Norway, and references to "Great British Pounds," and "GBP" are to the lawful currency of the United Kingdom. Unless otherwise indicated, all references to "SOFR" are to the Secured Overnight Financing Rate of interest. The below discussion contains forward-looking statements that reflect our current views with respect to future events and financial performance. Our actual results may differ materially from those anticipated in these forward-looking statements as a result of certain factors, such as those set forth in the section "Risk Factors" in our Annual

View Full Filing

View this 6-K filing on SEC EDGAR