FLNG reported operational figures broadly in line with consensus, reporting an adj. EPS of USD 0.43/sh, a mere 2 cents below consensus. In terms of distributions, the company stuck to its USD 0.75/sh DPS, corresponding to a payout ratio of ~174%. While we do appreciate that the company keeps prioritizing shareholder distributions, it is effectively gearing up to do so. The company will have 3x vessels trading spot by the end of the quarter, while 10x are still on long-term charters, indicating t ....
