FLNG

Interested in Flex LNG Ltd.? Here are five stocks we like better. Flex LNG reported Q1 2026 net income of $19.5 million, or $0.36 per share, while completed drydockings and weaker early-quarter spot rates weighed on results. Revenue came in at $80.5 million, and the company kept its quarterly dividend at $0.75 per share for the 19th straight time. The company expanded contract coverage with new and extended charters for several vessels, including Flex Resolute, Flex Courageous, Flex Aurora, and Flex Constellation. As a result, 91% of remaining 2026 available days are now fixed, with minimum backlog at 54 years and potentially 81 years if options are exercised. Management raised full-year 2026 guidance on stronger LNG shipping rates and added backlog, lifting revenue outlook to $345 million-$370 million and TCE guidance to $73,000-$78,000 per day. Despite geopolitical risks and a heavy newbuild pipeline, the company said spot rates remain strong and cash ended the quarter at $389 million. 3 Small-Cap Stocks That Offer Big Dividends Flex LNG (NYSE:FLNG) reported first-quarter 2026 net income of $19.5 million, or $0.36 per share, as management said scheduled drydockings and a softer early-quarter spot market weighed on results but improving LNG carrier rates and new contract coverage supported an upgraded full-year outlook. Chief Executive Officer Marius Foss said the company generated revenue of $80.5 million in the quarter, or $78 million excluding EU Allowances related to the EU Emissions Trading System. Fleet average time charter equivalent, or TCE, was $65,700 per day. Adjusted net income, excluding unrealized gains from interest rate swaps and foreign exchange, was $16.9 million, or $0.31 per share. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? “This has been an active quarter for Flex LNG,” Foss said, pointing to additional contract coverage, completed drydockings and a stronger market backdrop. The company’s board declared another quarterly dividend of $0.75 per share, which Foss said marks the 19th consecutive dividend at that level. Flex LNG said it added to its contract backlog during the quarter through several vessel agreements. Foss said the charterer of the Flex Resolute and Flex Courageous exercised two-year extension options from 2027 to 2029, leaving both vessels fully employed until 2032. The charterers also hold ad...

Image source: The Motley Fool. Wednesday, May 13, 2026 at 9 a.m. ET Chief Executive Officer — Håvard Foss Chief Financial Officer — Knut Traaholt H. Foss: Thank you, Knut. Let's begin with the highlights of the quarter. We sailed in revenues of $80.5 million or $78 million, excluding the EUAs related to the EU emission trading system. The fleet average TCE during the quarter ended up at $65,700 per day. Net income for the first quarter came in at $19.5 million, implying an earnings per share of $0.36. When adjusting for unrealized gains of interest rate swaps and FX, we ended up with an adjusted net income of $16.9 million or adjusted earnings per share of $0.31. This has been an active quarter for Flex LNG. We have added more contract coverage. First, the charterer of the Flex Resolute and Flex Courageous has declared the 2-year extension options from 2027 to 2029, and the vessels are now fully employed until 2032. We have fixed the Flex Aurora for a new 2-year firm time charter until 2028 with additional 2 plus 2 plus 2 years options, potentially an 8-year charter if all options are declared. We have now completed the drydockings of both Flex Volunteer and Flex Freedom during the quarter. The Flex Vigilant will enter drydock later in May. Based on the added new backlog and improved spot market, we are updating our full year 2026 guidance as follows. We now expect revenues to come in between $345 million and $370 million, around 10% increase from the previous guidance. The TCE is expected up 8% between $73,000 and $78,000 per day. We expect the adjusted EBITDA to come in around $255 million to $280 million, up 11%. With improved earnings visibility and continued robust financial position, the Board has declared another dividend of $0.75 per share. This is the 19th consecutive dividend of $0.75 per share, and we have distributed around $810 million since 2021. Our last 12 months dividend is $3 per share, implying a dividend yield of around 9.2%. We have completed 2 out of the 3 drydockings so far in 2026. The drydocking of the Flex Volunteer was completed in January, and she is now trading in the spot market. Flex Freedom completed her drydocking in March, and she went straight back to service under the current charter. Both drydockings were completed ahead of schedule. The third and final vessel to be drydocked in 2026, Flex Vigilant, is expected to enter d...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management upgraded full-year 2026 guidance by approximately 10% due to a significantly tighter LNG shipping market following the closure of the Strait of Hormuz and subsequent loss of 20% of global export capacity. The company successfully extended contract coverage for Flex Resolute and Flex Courageous through 2032, while securing a new multi-year charter for Flex Aurora with a supermajor. Performance attribution for the first quarter was impacted by seasonal softness and scheduled drydockings for two vessels, partially offset by the commencement of a 15-year charter for Flex Constellation. The strategic shift toward Atlantic Basin supply, particularly from the U.S., is driving higher ton-mile demand as cargoes travel longer distances to reach Asian markets. Management emphasized that despite the Qatar supply shortfall, global trade volumes grew 3% in the first four months of the year, supported by U.S. and Australian production. Asset values remain supported by stable newbuilding prices in Korea, ranging between $245 million and $250 million, and a growing order book that signals long-term market confidence. Full-year 2026 revenue guidance is raised to between $345 million and $370 million, reflecting improved earnings visibility from new contracts and firm spot market rates. Management expects the spot market to remain strong through 2026, positioning the open vessels Flex Volunteer and Flex Artemis to capitalize on the upcoming winter peak. The company maintains a cautious 'orange' level outlook for the medium term due to a heavy schedule of newbuilding deliveries and geopolitical uncertainties regarding the Iran conflict. Strategic focus remains on securing long-term contracts as term rates for 5 and 10-year periods move into more attractive territory. The third and final drydocking of 2026 for the Flex Vigilant is scheduled for late May, with an expected average cost of $6 million across the three-vessel program. Geopolitical risk has been downgraded to 'orange' due to uncertainties surrounding the duration of the Iran conflict and the normalization of Qatar's LNG supply. Management confirmed that none of the company's 13 vessels are currently operating inside the Strait of Hormuz, mitigating direct e...

HAMILTON, Bermuda, May 13, 2026 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s first quarter 2026 results which will be presented in a live video webcast today at 15:00 CEST (09:00 a.m. EST). In order to watch the webcast, use the following link: Link to register and watch webcast A Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session. The presentation can also be accessed on our website www.flexlng.com For further information, please contact: Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS Telephone: +47 23 11 40 00 Email: [email protected] This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---first-quarter-2026-presentation,c4348127 The following files are available for download: View original content:https://www.prnewswire.com/news-releases/flex-lng--first-quarter-2026-presentation-302770459.html

HAMILTON, Bermuda, May 13, 2026 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months ended March 31, 2026. Highlights: Vessel operating revenues of $80.5 million for the first quarter 2026, compared to $87.5 million for the fourth quarter 2025. Net income of $19.5 million and basic earnings per share of $0.36 for the first quarter 2026, compared to net income of $21.6 million and basic earnings per share of $0.40 for the fourth quarter 2025. Average Time Charter Equivalent ("TCE") rate of $65,729 per day for the first quarter 2026, compared to $70,119 per day for the fourth quarter 2025. Adjusted EBITDA of $53.2 million for the first quarter 2026, compared to $61.8 million for the fourth quarter 2025. Adjusted net income of $16.9 million for the first quarter 2026, compared to $23.3 million for the fourth quarter 2025. Adjusted basic earnings per share of $0.31 for the first quarter 2026, compared to $0.43 for the fourth quarter 2025. In May 2026, the Company published its ESG report for 2025, its eighth comprehensive and stand-alone sustainability report, which provides an opportunity to reflect on the Company's ESG journey so far. The Company declared a dividend for the first quarter 2026 of $0.75 per share. The dividend is payable on or about June 11, 2026 to shareholders, on record as of May 29, 2026. Marius Foss, CEO of Flex LNG Management AS, commented: "Results for the first quarter of 2026 reflect the seasonal low period in the LNG shipping market, which bottomed out in mid-Q1, in line with historical patterns. We achieved a fleet-wide TCE rate of around $65,700 per day and generated revenues excluding EUAs of $78 million, while adjusted net income totalled $16.9 million. Our earnings were impacted by a soft spot environment and higher voyage expenses, including bunkers and gas-up/cool-down, related to the positioning of our open ships. However, the LNG shipping market reset dramatically following the outbreak of the war in Iran in late February. Spot rates surged from cyclical lows in February to more than $250,000 per day, as supply disruptions in Qatar and the closure of the Strait of Hormuz created severe dislocation in global LNG shipping markets. With two vessels exposed to the spot market and Flex Aurora redelivered in March, we capitalized on tighter markets, securing...

HAMILTON, Bermuda (AP) — HAMILTON, Bermuda (AP) — Flex LNG Ltd. (FLNG) on Wednesday reported net income of $19.5 million in its first quarter. The Hamilton, Bermuda-based company said it had net income of 36 cents per share. Earnings, adjusted for non-recurring gains, were 31 cents per share. The liquefied natural gas shipping company posted revenue of $80.5 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FLNG at https://www.zacks.com/ap/FLNG

FLEX LNG (FLNG) reported Q1 adjusted earnings Wednesday of $0.31 per diluted share, down from $0.54

HAMILTON, Bermuda, May 5, 2026 /PRNewswire/ -- FLEX LNG LTD. (the "Company") advises that the 2026 Annual General Meeting of the Shareholders of the Company was held on 5 May 2026 at 11:00 hrs, at Par-la-Ville Place, 4th Floor, 14 Par-la-Ville Road, Hamilton HM08, Bermuda. The audited consolidated financial statements for the Company for the year ended 31 December 2025 were presented to the Meeting. In addition, the following resolutions were passed, with the voting results annexed hereto: 1. To set the maximum number of Directors not more than eight. 2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit. 3. To re-elect Ola Lorentzon as a Director of the Company. 4. To re-elect Nikolai Grigoriev as a Director of the Company. 5. To re-elect Steen Jakobsen as a Director of the Company. 6. To re-elect Susan Sakmar as a Director of the Company. 7. To re-elect Mikkel Storm Weum as a Director of the Company. 8. To re-appoint Ernst & Young AS of Oslo, Norway, as auditor and to authorize the Directors to determine their remuneration. 9. To approve remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$500,000 for the year ending December 31, 2026. 5 May 2026 The Board of Directors FLEX LNG LTD. Hamilton, Bermuda This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---2026-agm-results-notification,c4344832 The following files are available for download: View original content:https://www.prnewswire.com/news-releases/flex-lng--2026-agm-results-notification-302763505.html

HAMILTON, Bermuda, April 29, 2026 /PRNewswire/ -- Flex LNG Ltd ("Flex LNG" or the "Company") will release its unaudited financial results for the first quarter of 2026 on Wednesday May 13, 2026, on or about 07:00 CEST (1:00 a.m. EST). In connection with the earnings release, a live video webcast will be held at 15:00 CEST (9:00 a.m. EST) on the same day. In order to attend, use the following link to register and watch the webcast: Link to register and watch webcast We encourage listeners to register for the webcast 5-10 minutes prior to start. A Q&A session will be held after the presentation. Information on how to submit questions will be given at the beginning of the presentation. You can also submit questions by sending an email to [email protected]. The presentation material which will be used will be made available on www.flexlng.com and a replay of the webcast will also be made available at this website, as well as on the Flex LNG YouTube channel. For further information, please contact: Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS Telephone: +47 23 11 40 00 Email: [email protected] About Flex LNG Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed on the New York Stock Exchange under the ticker FLNG. This information was brought to you by Cision http://news.cision.com https://news.cision.com/flex-lng/r/flex-lng---invitation-to-the-2026-first-quarter-presentation,c4342197 View original content:https://www.prnewswire.com/news-releases/flex-lng---invitation-to-the-2026-first-quarter-presentation-302757137.html

This article first appeared on GuruFocus. Revenue: $87.5 million for Q4 2025; $340 million for the full year 2025. Net Income: $21.6 million for Q4 2025; adjusted net income of $23.3 million. Earnings Per Share (EPS): $0.40 for Q4 2025; adjusted EPS of $0.43. Time Charter Equivalent (TCE): $70,100 per day for Q4 2025; $71,700 per day for the full year 2025. Adjusted EBITDA: $251 million for the full year 2025. Cash Balance: $448 million at year-end 2025. Dividend: $0.75 per share declared for the 18th consecutive time; $3 per share for the last 12 months. Operating Expenses (OpEx): $16,600 per day for Q4 2025; $15,800 per day for the full year 2025. Debt Repayment: $27 million in scheduled debt installments. Cash Flow from Operations: $44 million generated; $36 million net operating cash flow. Interest Rate Swap Portfolio: Valued at $17.5 million; average fixed rate of 2.5%. Dividend Yield: Approximately 11.5% based on the last 12 months dividend. Warning! GuruFocus has detected 9 Warning Sign with FLNG. Is FLNG fairly valued? Test your thesis with our free DCF calculator. Release Date: February 11, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Flex LNG Ltd (NYSE:FLNG) reported strong financial performance with revenues of $87.5 million for Q4 2025 and a net income of $21.6 million. The company has a robust financial position with a cash balance of $448 million and no debt maturing before 2029. Flex LNG Ltd (NYSE:FLNG) declared its 18th consecutive quarterly dividend of $0.75 per share, maintaining a high dividend yield of approximately 11.5%. The company has a solid contract backlog with 78% of available days in 2026 fixed on long-term charters. Flex LNG Ltd (NYSE:FLNG) achieved close to 100% technical uptime in 2025, with dry dockings completed in fewer days than budgeted, enhancing revenue generation potential. Flex LNG Ltd (NYSE:FLNG) faces exposure to the volatile spot market with three vessels, which could impact earnings. The company anticipates modest earnings from spot-exposed vessels due to market volatility and new tonnage entering the market. Operating expenses per day increased in Q4 2025 due to scheduled engine maintenance and cost inflation, particularly related to crew changes. The LNG shipping market is expected to remain volatile in 2026, with many new vessels being delivered, pote...

Management attributes the year-over-year revenue decline to increased market exposure as two vessels transitioned from fixed charters to a softer spot market environment. Operational efficiency was driven by technical uptime near 100% and dry dockings completed in 64 days, significantly outperforming the budgeted 80-day window. The company maintains a robust liquidity position with $448 million in cash and no debt maturities until 2029, providing a buffer against spot market fluctuations. Strategic positioning is focused on the late 2020s, where management expects a 'third wave' of LNG supply—over 200 million tonnes of new capacity—to tighten the shipping market. Management highlights that high European gas demand is currently limiting spot rates by keeping voyages within the Atlantic basin, thereby reducing ton-mile demand. The fleet's competitive advantage is supported by high newbuilding prices of approximately $250 million, which management believes provides a floor for existing asset values. Full-year 2026 revenue guidance of $310 million to $340 million reflects a wide range due to the inherent volatility of having three vessels exposed to the spot market. Management expects 2026 to be a transition year where a high volume of newbuilding deliveries (90-95 vessels) may temporarily outpace new liquefaction capacity. Guidance assumes approximately 20 days of off-hire per vessel for three scheduled dry dockings in 2026, with an average budgeted cost of $5.9 million per docking. The company anticipates a significant increase in vessel scrapping, particularly for older steam-powered ships, as spot rates for those units fall below $5,000 per day. Future dividend sustainability will be evaluated based on the visibility of spot vessel trading and the potential for securing new long-term contracts for open tonnage. OpEx is projected to rise to $16,000 per day in 2026, driven by scheduled engine maintenance and inflationary pressures on crew change costs. The company faces uncertainty regarding charterer options for three vessels (Flex Resolute, Courageous, and Freedom) due for declaration during 2026. Geopolitical factors, including sanctions on Russian LNG and trade dynamics between the U.S. and China, continue to shift global trade routes and demand patterns. Management flagged that 45 vessels in the global order book remain uncommitted, which could impact spo...