Recent Updates — FLNG
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.
Flex LNG Ltd. reported unaudited second quarter 2026 results with vessel operating revenues of $106.8 million and net income of $44.9 million, or $0.83 per share. The company declared a quarterly cash dividend of $0.75 per share, payable on or around September 17, 2026, with a record date of September 3, 2026. Adjusted net income reached $42.5 million, and the time charter equivalent rate rose to $86,119 per day. The firm contract backlog stands at approximately 89% for the remainder of 2026. Flex LNG Ltd. operates in the liquefied natural gas shipping industry.