Nov 12, 2024 / 02:00PM GMT
Oystein Kalleklev - FLEX LNG Ltd - Principal Executive Officer, Chief Executive Officer of Flex LNG Management AS and Principal Executive Officer of FLEX LNG Ltd.
(audio in progress) third-quarter results presentation. I'm CEO, Oystein Kalleklev, and I will be joined later in the presentation, as usual, by our CFO, Knut Traaholt, who will walk you through the financials.
Before we begin, I just want to remind you that we will be providing some forward-looking statements, some non-GAAP measures, and of course, there are limit to the completeness of detail.
(Event Instructions)
So let's kick off with the highlights. No big surprises on the revenue numbers. Adjusted EBITDA. Revenues came in at $90.5 million, in line with guidance of approximately $90 million. This resulted in net income and adjusted net income of $17.4 million and $28.7 million, respectively. Just to remind you, adjusted net income numbers, we only take in the realized gain and losses on derivatives.
During this quarter, interest rate fell a lot until early September when Fed cut 50 basis points, and we
Q3 2024 FLEX LNG Ltd Earnings Call Transcript
Nov 12, 2024
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