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

Flex LNG (NYSE:FLNG) announced its quarterly earnings data on Wednesday. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.05), Zacks reports. The firm had revenue of $80.46 million for the quarter, compared to analysts’ expectations of $80.35 million. Flex LNG had a net margin of 22.26% and a return on equity of 11.98%.

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 Trading Up 0.8%

Flex LNG stock traded up $0.25 during trading hours on Friday, reaching $32.10. The company had a trading volume of 287,897 shares, compared to its average volume of 543,195. 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 50-day moving average price of $30.63 and a 200 day moving average price of $27.69. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 22.93 and a beta of 0.20. Flex LNG has a 12-month low of $21.72 and a 12-month high of $33.40.

Flex LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Friday, May 29th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Friday, May 29th. Flex LNG’s payout ratio is 214.29%.

Hedge Funds Weigh In On Flex LNG

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in shares of Flex LNG during the fourth quarter valued at approximately $43,000. Kemnay Advisory Services Inc. purchased a new position in shares of Flex LNG during the fourth quarter valued at approximately $64,000. BNP Paribas Financial Markets increased 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 valued at $69,000 after buying an additional 1,227 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Flex LNG by 413.9% during the second 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. Finally, Caption Management LLC purchased a new position in shares of Flex LNG during the third quarter valued at approximately $130,000.

Analysts Set New Price Targets

A number of equities analysts have commented on FLNG shares. Wall Street Zen cut Flex LNG from a “hold” rating to a “sell” rating in a research note on Saturday, February 7th. Kepler Capital Markets set a $25.00 price target on Flex LNG and gave the stock a “reduce” rating in a research note on Thursday. Pareto Securities cut Flex LNG from a “buy” rating to a “sell” rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Flex LNG in a research note on Friday, April 10th. Two research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $24.00.

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.