Flex LNG (NYSE:FLNG) Issues Quarterly Earnings Results

Flex LNG (NYSE:FLNG) issued its earnings results on Wednesday. The company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.05), Zacks reports. Flex LNG had a return on equity of 13.46% and a net margin of 21.52%.The company had revenue of $80.46 million during the quarter, compared to the consensus estimate of $80.35 million.

Here are the key takeaways from Flex LNG’s conference call:

• Flex LNG reported Q1 revenue of $80.5 million and net income of $19.5 million ($0.36 per share), with adjusted net income of $16.9 million despite drydock-related downtime and softer early-quarter spot rates.
• The company raised full-year 2026 guidance, now expecting revenue of $345 million-$370 million, TCE of $73,000-$78,000 per day, and adjusted EBITDA of $255 million-$280 million, reflecting stronger market conditions and added backlog.
• Flex LNG added meaningful contract coverage, including the 2-year extension for Flex Resolute and Flex Courageous through 2032, a new 2-year charter for Flex Aurora, and Flex Constellation beginning a 15-year contract.
• The board declared another $0.75 per share dividend, marking the 19th consecutive quarterly dividend at that level, supported by a robust balance sheet and $389 million in cash at quarter-end.
• Management said the LNG shipping market tightened sharply after geopolitical disruption, with about 20% of global LNG export capacity temporarily lost and spot rates improving significantly, though they still see uncertainty from Iran, Qatar, and a heavy newbuild delivery schedule.

Flex LNG Price Performance

Shares of NYSE FLNG traded down $1.18 during trading hours on Wednesday, reaching $31.75. 954,510 shares of the stock traded hands, compared to its average volume of 412,387. The company has a market capitalization of $1.72 billion, a P/E ratio of 17.70 and a beta of 0.20. The company has a quick ratio of 2.98, a current ratio of 3.04 and a debt-to-equity ratio of 2.42. Flex LNG has a 52-week low of $21.72 and a 52-week high of $33.40. The company’s 50-day simple moving average is $30.50 and its two-hundred day simple moving average is $27.59.

Hedge Funds Weigh In On Flex LNG

A number of large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Flex LNG in the 3rd quarter worth approximately $28,392,000. Goldman Sachs Group Inc. increased its stake in Flex LNG by 126.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 417,345 shares of the company’s stock worth $10,413,000 after purchasing an additional 232,916 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in Flex LNG in the 3rd quarter worth approximately $9,764,000. Dimensional Fund Advisors LP purchased a new position in Flex LNG in the 3rd quarter worth approximately $9,497,000. Finally, UBS Group AG increased its stake in Flex LNG by 43.2% in the 3rd quarter. UBS Group AG now owns 349,084 shares of the company’s stock worth $8,797,000 after purchasing an additional 105,243 shares during the period.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on FLNG. Pareto Securities downgraded Flex LNG from a “buy” rating to a “sell” rating in a research report on Wednesday. Wall Street Zen downgraded Flex LNG from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Flex LNG in a research report on Friday, April 10th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Flex LNG presently has a consensus rating of “Reduce” and a consensus price target 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.