Flex LNG (NYSE:FLNG) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS

Flex LNG (NYSE:FLNG) issued its earnings results on Wednesday. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.01, FiscalAI reports. Flex LNG had a return on equity of 14.88% and a net margin of 28.50%. The firm had revenue of $97.38 million for the quarter, compared to analysts’ expectations of $95.34 million.

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

• FLEX LNG reported its strongest third-quarter results ever, with revenue of $97.4 million, average fleet TCE near $79,000 per day, and adjusted net income of $35 million. Strong spot-market earnings and no dry-dock offhire days supported the results.
• The board declared another $0.75-per-share dividend, the 21st consecutive quarterly payment at that level; the company says it has distributed more than $900 million since 2021.
• New financing for Flex Enterprise is expected to release about $34 million in liquidity at a blended cost of SOFR plus 25 basis points, while amended leases for Flex Artemis and Flex Amber reduce margins and quarterly repayments.
• Management expects full-year results near the mid-to-lower end of guidance amid a soft spot market and a large schedule of newbuild deliveries. It also raised full-year operating-cost guidance to $16,200 per day from $16,000 and flagged increased vessel spot-market exposure.
• Management sees long-term support from upcoming LNG export projects, particularly in the U.S., but said the next 12–18 months could be choppy as new vessel supply, geopolitical uncertainty, weather, and the timing of Qatari supply normalization affect shipping demand. The company has 48 years of minimum firm contract backlog, potentially rising to 75 years if options are exercised.

Flex LNG Trading Down 0.2%

FLNG opened at $25.26 on Thursday. The stock has a 50-day moving average of $29.78 and a 200 day moving average of $29.95. The company has a current ratio of 2.69, a quick ratio of 2.64 and a debt-to-equity ratio of 2.40. Flex LNG has a 12 month low of $24.14 and a 12 month high of $33.40. The firm has a market cap of $1.37 billion, a P/E ratio of 13.29 and a beta of 0.24.

Flex LNG Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Friday, November 27th will be given a $0.75 dividend. The ex-dividend date is Friday, November 27th. This represents a $3.00 annualized dividend and a yield of 11.9%. Flex LNG’s dividend payout ratio (DPR) is currently 157.89%.

Recent Flex LNG Headlines

These are some of the FLNG headlines that stood out recently:

• Positive Sentiment: Q3 EPS was $0.65 versus the $0.64 consensus, and revenue of $97.38 million topped analysts’ $95.34 million estimate. Earnings results
• Neutral Sentiment: BTIG Research reaffirmed its “neutral” rating, indicating no change in its stance. BTIG Research ratings
• Negative Sentiment: Coverage highlighted revenue declines and pressure on LNG carrier rates. Those concerns could weigh on the outlook despite the quarterly beat. Flex LNG Q3 2026 earnings analysis

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on FLNG shares. Weiss Ratings cut Flex LNG from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 8th. Wall Street Zen raised Flex LNG from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, BTIG Research reiterated a “neutral” rating on shares of Flex LNG in a research report on Thursday. Two equities 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 stock currently has an average rating of “Reduce” and an average price target of $25.00.

Flex LNG Company Profile

Flex LNG Ltd. is an international shipping company focused on the transportation of liquefied natural gas (LNG). The company owns and operates LNG carriers that move natural gas by sea between producers and customers around the world. Flex LNG charters its vessels to energy companies and other participants in the LNG market. Its fleet includes ships equipped with modern propulsion technologies designed for efficient LNG transportation. Founded in 2006, Flex LNG is incorporated in Bermuda and has operations managed from Oslo, Norway.