Flex LNG (NYSE:FLNG) Posts Earnings Results, Misses Estimates By $0.05 EPS

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

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

NYSE FLNG traded down $1.21 during trading hours on Wednesday, reaching $31.72. 715,224 shares of the stock traded hands, compared to its average volume of 543,579. The stock has a 50 day simple moving average of $30.50 and a two-hundred day simple moving average of $27.59. Flex LNG has a 1 year low of $21.72 and a 1 year high of $33.40. The company has a debt-to-equity ratio of 2.42, a current ratio of 3.04 and a quick ratio of 2.98. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 22.75 and a beta of 0.20.

Institutional Investors Weigh In On Flex LNG

Large investors have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC purchased a new stake in Flex LNG during the fourth quarter valued at about $43,000. Kemnay Advisory Services Inc. purchased a new position in shares of Flex LNG in the fourth quarter worth about $64,000. BNP Paribas Financial Markets increased its holdings in shares of Flex LNG by 64.6% in the second quarter. BNP Paribas Financial Markets now owns 3,126 shares of the company’s stock worth $69,000 after buying an additional 1,227 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Flex LNG by 413.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,921 shares of the company’s stock worth $86,000 after buying an additional 3,158 shares during the period. Finally, Caption Management LLC purchased a new position in shares of Flex LNG in the third quarter worth about $130,000.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FLNG shares. Weiss Ratings reissued a “hold (c)” rating on shares of Flex LNG in a research note on Friday, April 10th. Wall Street Zen lowered Flex LNG from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Finally, Pareto Securities lowered Flex LNG from a “buy” rating to a “sell” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $23.00.

About Flex LNG

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.