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

Flex LNG (NYSE:FLNG) issued its quarterly earnings data on Wednesday. The company reported $0.43 earnings per share 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 the consensus estimate of $86.75 million. Flex LNG had a net margin of 21.52% and a return on equity of 13.27%.

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 Trading Up 1.4%

NYSE FLNG traded up $0.37 during trading hours on Friday, hitting $25.87. The company’s stock had a trading volume of 198,118 shares, compared to its average volume of 360,720. Flex LNG has a twelve month low of $19.46 and a twelve month high of $27.67. The company has a quick ratio of 3.05, a current ratio of 3.10 and a debt-to-equity ratio of 2.39. The firm has a market capitalization of $1.39 billion, a P/E ratio of 18.60 and a beta of 0.32. The stock has a fifty day moving average of $25.76 and a 200 day moving average of $25.70.

Flex LNG Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Friday, February 27th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, February 27th. Flex LNG’s dividend payout ratio (DPR) is 163.93%.

Institutional Investors Weigh In On Flex LNG

Hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets raised its holdings in Flex LNG by 64.6% during the 2nd 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 boosted its holdings in Flex LNG by 413.9% during the second quarter. Tower Research Capital LLC TRC now owns 3,921 shares of the company’s stock worth $86,000 after purchasing an additional 3,158 shares during the last quarter. Caption Management LLC acquired a new stake in shares of Flex LNG in the third quarter valued at about $130,000. State of Wyoming increased its position in shares of 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 purchasing an additional 2,849 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in Flex LNG during the third quarter worth $208,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Flex LNG in a research report on Monday, December 22nd. Wall Street Zen lowered Flex LNG from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price 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.