Bermuda's Flex LNG Q4 revenue rises slightly, declares dividend

FLEX LNG

11/02/2026 06:10

Overview

Bermuda LNG shipper's Q4 revenue rose slightly compared to the previous quarter

Net income for Q4 increased to $21.6 mln from Q3

Company declared a Q4 dividend of $0.75 per share

Outlook

Flex LNG anticipates volatility in spot market over next 12-18 months

Company's contract backlog offers earnings visibility amid market uncertainties

Flex LNG strengthens balance sheet with no debt maturities before 2029

Result Drivers

REFINANCING BENEFITS - Co realized benefits from extensive refinancing initiatives, reducing interest expenses and improving cash position

LNG EXPORT GROWTH - Global LNG exports grew by 4% in 2025, with North American projects driving growth

STABLE TCE RATE - Co maintained stable Time Charter Equivalent rate, aligning with guidance

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$87.50 mln
Q4 Adjusted Net Income
$23.30 mln
Q4 Net Income
$21.60 mln
Q4 Adjusted EBITDA
$61.80 mln
Q4 Basic EPS
$0.40


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy."

Wall Street's median 12-month price target for FLEX LNG Ltd is $25.00, about 5.6% below its February 10 closing price of $26.48

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nWkr17l4Qp

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)