FLEX LNG Ltd. reported strong second quarter 2026 results, surpassing analyst expectations for both top and bottom-line figures. Vessel operating revenues climbed to $106.8 million, driven by spot market volatility and the commencement of new charters for the Flex Aurora and Flex Constellation. The company successfully completed its 2026 drydocking schedule and maintained its full-year guidance, supported by a robust contract backlog of 51 years.
Key Highlights
- Vessel operating revenues of $106.8 million beat the $93.49 million estimate, marking the highest level since the fourth quarter of 2021.
- Basic EPS of $0.83 and Adjusted EPS of $0.79 both significantly exceeded the consensus estimate of $0.62.
- Average Time Charter Equivalent (TCE) rate increased to $86,119 per day, up from $65,729 in the first quarter of 2026.
- The Board declared a quarterly dividend of $0.75 per share, marking its twentieth consecutive payout at this level.
- Management maintained 2026 revenue guidance of $345–$370 million and adjusted EBITDA guidance of $255–$280 million.