Flex LNG Q2 revenue jumps on earnings from new charters

FLEX LNG

19/08/2026 06:11

Overview
LNG shipper's Q2 revenue and adjusted net income rose sharply from prior quarter
Company benefited from higher charter rates and full-quarter earnings from new charters
Flex LNG declared a $0.75 per share Q2 dividend, its twentieth consecutive ordinary payout

Outlook
Flex LNG maintains 2026 revenue guidance of $345-$370 mln, excluding EUAs
Company maintains expected 2026 fleet-wide TCE earnings of $73,000-$78,000 per day
Flex LNG expects 2026 adjusted EBITDA of $255-$280 mln

Result Drivers
SPOT MARKET OPPORTUNITIES - Co said volatility and trading inefficiencies in energy markets created attractive opportunities for its spot-exposed vessels, Flex Volunteer and Flex Artemis
NEW CHARTERS - Flex Aurora and Flex Constellation contributed to revenue and earnings after commencing new charters, per CEO Marius Foss

Company press release: ID:nWkr9R7HtG

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$106.80 mln
 
Q2 Adjusted Net Income
 
$42.50 mln
 
Q2 Net Income
 
$44.90 mln
 
Q2 Adjusted EBITDA
 
$79 mln
 
Q2 Basic EPS
 
$0.83
 

Analyst Coverage
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"
Wall Street's median 12-month price target for FLEX LNG Ltd. is $25.00, about 19.6% below its August 18 closing price of $31.10
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads
Aug 18 - Norway's Awilco LNG Q2 net loss unchanged as LNG spot-rate volatility weighs on earnings
Aug 19 - Hong Kong's SITC International half-year revenue rises on higher shipping volumes, freight rates
Aug 18 - CBL International H1 revenue jumps on higher fuel prices

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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.)