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

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

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 Performance

NYSE FLNG traded down $0.25 on Wednesday, reaching $26.23. The stock had a trading volume of 161,002 shares, 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. The business’s 50-day moving average price is $25.77 and its 200 day moving average price is $25.70. The company has a debt-to-equity ratio of 2.39, a quick ratio of 3.05 and a current ratio of 3.10. Flex LNG has a 12-month low of $19.46 and a 12-month high of $27.67.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Flex LNG

Several institutional investors have recently added to or reduced their stakes in FLNG. BNP Paribas Financial Markets raised its stake in shares of Flex LNG by 64.6% during the second quarter. BNP Paribas Financial Markets now owns 3,126 shares of the company’s stock worth $69,000 after purchasing an additional 1,227 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Flex LNG by 413.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,921 shares of the company’s stock valued at $86,000 after buying an additional 3,158 shares during the period. Caption Management LLC acquired a new position in Flex LNG in the 3rd quarter valued at $130,000. State of Wyoming raised its position in Flex LNG by 55.9% during the 4th quarter. State of Wyoming now owns 7,946 shares of the company’s stock worth $198,000 after buying an additional 2,849 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new stake in shares of Flex LNG in the 3rd quarter worth $208,000.

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.