Flex LNG (NYSE:FLNG) Issues Earnings Results, Misses Expectations By $0.18 EPS

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

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 Stock Down 0.9%

Shares of FLNG stock traded down $0.25 during mid-day trading on Wednesday, hitting $26.23. 161,002 shares of the stock traded hands, compared to its average volume of 337,637. The stock has a market cap of $1.41 billion, a P/E ratio of 14.32 and a beta of 0.32. Flex LNG has a 52-week low of $19.46 and a 52-week high of $27.67. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 3.05. The stock’s fifty 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 made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Flex LNG by 15.2% during the first quarter. Royal Bank of Canada now owns 55,436 shares of the company’s stock worth $1,275,000 after buying an additional 7,331 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Flex LNG by 22.7% during the first quarter. Goldman Sachs Group Inc. now owns 149,097 shares of the company’s stock worth $3,428,000 after purchasing an additional 27,543 shares during the last quarter. Rhumbline Advisers boosted its holdings in Flex LNG by 6.9% in the 2nd quarter. Rhumbline Advisers now owns 48,796 shares of the company’s stock valued at $1,073,000 after purchasing an additional 3,164 shares during the last quarter. Invesco Ltd. grew its stake in shares of Flex LNG by 3.6% in the 2nd quarter. Invesco Ltd. now owns 22,471 shares of the company’s stock valued at $494,000 after buying an additional 784 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Flex LNG during the 2nd quarter worth approximately $420,000.

Analyst Ratings Changes

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

Flex LNG Company Profile

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.