Flex LNG delivered a steady performance for the first half of 2026, highlighted by increased vessel operating revenues and robust fleet utilization. Revenue for the six-month period reached $187.3 million, supported by improved contributions from vessels operating in the spot market and the commencement of new long-term charters for the Flex Constellation and Flex Aurora. The company maintained its quarterly dividend of $0.75 per share, backed by a strong cash position of $397 million and a substantial firm contract backlog.
Key Highlights
- Total vessel operating revenue for H1 2026 rose to $187.3 million, up from $174.4 million in the prior year period.
- Net income for the first half of 2026 was $64.4 million, or $1.19 per basic share, compared to $36.4 million in H1 2025.
- The company achieved 100% technical uptime (excluding scheduled drydockings) across its fleet of 13 fuel-efficient LNG carriers.
- Aggregate firm contract backlog stands at 51 years, which could extend to 78 years if all charterer options are exercised.