Flex LNG (NYSE:FLNG) Announces Quarterly Earnings Results

Flex LNG (NYSE:FLNG) announced its quarterly earnings data on Wednesday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.61 by ($0.18), Zacks reports. The firm had revenue of $87.50 million during the quarter, compared to the consensus estimate of $86.75 million. Flex LNG had a net margin of 28.06% and a return on equity of 14.04%.

Here are the key takeaways from Flex LNG’s conference call:

• Robust balance sheet and shareholder returns: $448 million cash, no debt maturing before 2029, and the board declared the 18th consecutive quarterly dividend of $0.75 per share (last 12 months = $3.00, ~11.5% yield), supporting near-term shareholder cash returns.
• High contract coverage and long backlog: 78% of available days fixed for 2026 and a minimum firm backlog equivalent to 50 years (up to 75 years if options are exercised), providing revenue visibility and downside protection.
• Spot market exposure and market risk: Three vessels will trade in the volatile spot market in 2026 and management expects modest earnings from that exposure amid a wave of newbuilding deliveries that could pressure spot rates later in the decade.
• 2026 guidance and operational assumptions: Management guided revenues of $310–$340 million, TCE of $65,000–$75,000/day and adjusted EBITDA of $225–$255 million, and budgets ~20 days off‑hire per docking with OpEx ~ $16,000/day—results will depend on spot-rate swings and drydock timing.

Flex LNG Price Performance

Shares of NYSE:FLNG traded down $0.31 during trading on Wednesday, reaching $26.18. 268,544 shares of the company traded hands, compared to its average volume of 341,351. The firm has a market capitalization of $1.41 billion, a PE ratio of 14.30 and a beta of 0.32. The company has a quick ratio of 3.05, a current ratio of 3.10 and a debt-to-equity ratio of 2.39. Flex LNG has a 52 week low of $19.46 and a 52 week high of $27.67. The company’s 50 day moving average is $25.77 and its two-hundred day moving average is $25.70.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FLNG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Flex LNG during the 3rd quarter worth approximately $28,392,000. Goldman Sachs Group Inc. lifted its stake in Flex LNG by 126.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 417,345 shares of the company’s stock valued at $10,413,000 after purchasing an additional 232,916 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Flex LNG during the 3rd quarter worth $9,764,000. Dimensional Fund Advisors LP purchased a new position in Flex LNG in the 3rd quarter valued at approximately $9,497,000. Finally, UBS Group AG lifted its holdings in Flex LNG by 43.2% during the 3rd quarter. UBS Group AG now owns 349,084 shares of the company’s stock worth $8,797,000 after purchasing an additional 105,243 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wall Street Zen cut Flex LNG from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Flex LNG in a report on Monday, December 22nd. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $23.00.

About Flex LNG

Flex LNG Ltd is a Bermuda-registered owner and operator of liquefied natural gas (LNG) carriers, offering shipping services to major energy producers and utilities worldwide. Since its establishment in 2006, the company has focused on building a versatile fleet of modern, eco-efficient LNG vessels designed to meet the growing global demand for lower-emission fuel transportation.

The company’s core activities encompass time-charter contracts, long-term transportation agreements and spot market voyages.