FLEX LNG Ltd. (FLNG) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.162 Welcome to FlexLNG first quarter 2026 results presentation. 00:00:06.162 -- 00:00:11.912 My name is Maurits Foss. I'm the CEO of the FlexLNG, and today I'm joined with our CFO, 00:00:11.912 -- 00:00:17.221 Knut Terholt, who will walk you through the financial late in the presentation. 00:00:17.221 -- 00:00:21.508 Today, we will cover the first quarter results and provide an update on the LNG shipping 00:00:21.508 -- 00:00:26.592 market. As always, we will conclude the webcast with a Q&A session. 00:00:26.592 -- 00:00:31.638 If you'd like to ask questions, please use the chat functions in the webcast or 00:00:31.638 -- 00:00:36.181 send questions by email to ir.flexlng.com. 00:00:37.785 -- 00:00:40.568 Before we start, we would like to highlight the following. 00:00:40.568 -- 00:00:45.894 We are using certain non-GAAP measures, such as TCE, adjusted EBTA, 00:00:45.894 -- 00:00:50.960 and adjusted net income. These are supplements to the earnings report, reported in 00:00:50.960 -- 00:00:56.400 accordance with U.S. GAAP. The reconciliations of these non-GAAP measures 00:00:56.400 -- 00:00:59.904 are available in the earnings report, which we released today. 00:00:59.904 -- 00:01:04.630 There are certain limitations to the completeness of our presentation. 00:01:04.630 -- 00:01:09.656 Therefore, we encourage you to read the quarterly report together with the presentation. 00:01:09.656 -- 00:01:12.699 And with that, back to you, Marius. 00:01:12.699 -- 00:01:16.303 Thank you, Knut. Let's begin with the highlights of the quarter. 00:01:16.303 -- 00:01:21.409 We failed in revenues of 80.5 million or 78 million, excluding the 00:01:21.409 -- 00:01:25.124 EUAs related to the EU sector. Emission trading system. 00:01:25.124 -- 00:01:30.372 ...