Flex For Q2 Expects TCE Rate Of ~$72-74'/Day, Revenue Of ~$85M Vs. $85.5M Consensus; Sees Adj. EBITDA Of $65M
Portfolio Pulse from Benzinga Newsdesk
Flex LNG has provided its Q2 financial expectations, forecasting a Time Charter Equivalent (TCE) rate of approximately $72,000 to $74,000 per day and revenue of around $85 million, slightly below the consensus of $85.5 million. The company also anticipates an adjusted EBITDA of $65 million.
May 23, 2024 | 5:24 am
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Flex LNG has provided its Q2 financial expectations, forecasting a TCE rate of approximately $72,000 to $74,000 per day and revenue of around $85 million, slightly below the consensus of $85.5 million. The company also anticipates an adjusted EBITDA of $65 million.
The revenue forecast is slightly below the consensus, which may cause a neutral to slightly negative reaction in the short term. However, the TCE rate and adjusted EBITDA are within expected ranges, providing some stability.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100