FLNG - Flex LNG reports Q2 earnings miss; sees Q3 revenue of ~$90M below estimates
- Flex LNG press release ( NYSE: FLNG ): Q2 Non-GAAP EPS of $0.61 misses by $0.09 .
- Revenue of $84.16M (+27.8% Y/Y) misses by $0.21M .
- Average Time Charter Equivalent rate of $70,707 per day for the second quarter 2022, compared to $62,627 per day for the first quarter 2022.
- Adjusted EBITDA of $66.1M for the second quarter 2022, compared to $56.3M for the first quarter 2022.
- We are therefore reiterating our revenue guidance of about $90 million for the third quarter vs. consensus of $91.21M and somewhere between $90 and $100 million for the fourth quarter vs. consensus of $94.16M.
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Flex LNG reports Q2 earnings miss; sees Q3 revenue of ~$90M below estimates