Earnings ·
Flex LNG Ltd. filed its unaudited condensed consolidated interim financial statements and Management’s Discussion and…
FLNGFlex LNG Ltd.
Flex LNG Ltd. filed its unaudited condensed consolidated interim financial statements and Management’s Discussion and Analysis for the six months ended June 30, 2026. The company reported vessel operating revenues of $187.3 million, an increase of $12.8 million from the prior year period, driven by higher spot market rates and new charter contracts for Flex Constellation and Flex Aurora. Net income rose to $64.4 million compared to $36.4 million in 2025, supported by a $9.6 million gain on derivatives and lower interest expense of $39.7 million. Cash used in financing activities totaled $136.8 million, primarily due to scheduled debt repayments of $55.5 million and dividend payments of $81.1 million. The company maintains approximately 89% firm contract coverage for the remainder of 2026 with a total fleet backlog of 51 years. Flex LNG Ltd. is an owner and commercial operator of fuel-efficient fifth-generation liquefied natural gas carriers.