FLEX LNGNYSE: FLNG

FLEX LNG Ltd. (NYSE:FLNG ) Q2 2024 Earnings Conference Call August 14, 2024 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev Hi, everybody, and welcome to FLEX LNG's Second Quarter Result Presentation.

Three energy stocks may achieve significant breakthroughs in 2024 based on their robust financial health and strategic advantages. This article highlights three energy stocks with strong fundamentals, making them prime candidates for such breakthroughs.

FLEX LNG's (FLNG) operating costs are likely to have been high in Q2.

Golar LNG Ltd. (“Golar”), and bp, as Operator of the Greater Tortue-Ahmeyim LNG Project, have executed agreements to implement a commercial reset for FLNG Gimi. The commercial reset agreement simplifies contractual cash flows and settles previous disputes related to payment mechanisms for pre-commercial operations date (“Pre-COD”) contractual cash flows. Golar and bp have agreed an updated schedule of daily payments until the Commercial Operations Date (“COD”). The daily payments have step-up mechanisms based on project milestones up to COD and are secured by long stop dates. Golar will also be entitled to certain lump sum bonus payments subject to achievement of certain project milestones. These Pre-COD cash flows are expected to be deferred on the balance sheet and amortized over the 20-year contract term from COD.

FLEX LNG Ltd. (NYSE:FLNG ) Q1 2024 Earnings Conference Call May 23, 2024 9:00 AM ET Company Participants Oystein Kalleklev - Chief Executive Officer Knut Traaholt - Chief Financial Officer Oystein Kalleklev [Call Starts Abruptly] Management and I will be joined by my colleague, Knut Traaholt, our CFO, who will run you through the numbers a bit later in the presentation.

FLEX LNG: Confidence in Strong Demand for LNG Vessels

There are multiple reasons dividend stocks are the first choice for many investors. First, these stocks provide regular cash flows that serve as a passive income source.

Recent weeks witnessed a rebase of the company's equity currency to an 11% - 12% dividend yield on the back of shifting LNG market fundamentals. The company's strong liquidity position and FCFE generation are key to the $0.75 per share dividend distribution despite challenges in the LNG spot market. Investors should tread with caution since any prolonged price weakness may prompt management to adjust the distribution strategy to a more sustainable yield.

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