Flex Lng Ltd. Reports Results For The Quarter Ended June 30: Earnings Summary
FLEX LNG Ltd. reports results for the quarter ended June 30 - Earnings Summary
FLEX LNG Ltd. FLNG.N reported quarterly adjusted earnings of 79 cents per share for the quarter ended June 30. The mean expectation of seven analysts for the quarter was for earnings of 61 cents per share. Wall Street expected results to range from 55 cents to 70 cents per share.
Revenue was $106.80 million; analysts expected $93.06 million.
FLEX LNG Ltd.'s reported EPS for the quarter was 83 cents.
The company reported quarterly net income of $44.85 million.
FLEX LNG Ltd. shares had risen by 10.8% this quarter and gained 24.6% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 0.9% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "sell" and the breakdown of recommendations is no "strong buy" or "buy," 4 "hold" and 4 "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 24.4% below its last closing price of $31.10
This summary was machine generated from LSEG data August 19 at 12:22 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Jun. 30 2026 | 0.61 | 0.79 | Beat |
Mar. 31 2026 | 0.35 | 0.31 | Missed |
Dec. 31 2025 | 0.46 | 0.43 | Missed |
Sep. 30 2025 | 0.46 |
Recent news on FLEX LNG
See all newsFlex Lng Ltd. Reports Results For The Quarter Ended June 30: Earnings Summary
Flex LNG Q2 revenue jumps on earnings from new charters
Brief: Flex LNG Q2 Net Income USD 44.9 Million
Flex Lng Ltd. Expected To Post Earnings Of 61 Cents A Share: Earnings Preview
Flex LNG Q1 revenue falls amid seasonal market low, raises full-year outlook