Business
Flex LNG - First Quarter 2026 Earnings Release
Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months ended March 31, 2026.
About this update from Flex Lng Ltd.
[{"type":"text","content":"HAMILTON, Bermuda, May 13, 2026 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months ended March 31, 2026.","length":202,"tagName":"p"},{"type":"text","content":"Highlights:","length":11,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Vessel operating revenues of $80.5 million for the first quarter 2026, compared to $87.5 million for the fourth quarter 2025.","length":125,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $19.5 million and basic earnings per share of $0.36 for the first quarter 2026, compared to net income of $21.6 million and basic earnings per share of $0.40 for the fourth quarter 2025.","length":200,"tagName":"p"}]},{"val":[{"type":"text","content":"Average Time Charter Equivalent ("TCE") rate of $65,729 per day for the first quarter 2026, compared to $70,119 per day for the fourth quarter 2025.","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $53.2 million for the first quarter 2026, compared to $61.8 million for the fourth quarter 2025.","length":115,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income of $16.9 million for the first quarter 2026, compared to $23.3 million for the fourth quarter 2025.","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted basic earnings per share of $0.31 for the first quarter 2026, compared to $0.43 for the fourth quarter 2025.","length":117,"tagName":"p"}]},{"val":[{"type":"text","content":"In May 2026, the Company published its ESG report for 2025, its eighth comprehensive and stand-alone sustainability report, which provides an opportunity to reflect on the Company's ESG journey so far.","length":210,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company declared a dividend for the first quarter 2026 of $0.75 per share. The dividend is payable on or about June 11, 2026 to shareholders, on record as of May 29, 2026.","length":175,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":1219,"olType":false},{"type":"text","content":"Marius Foss, CEO of Flex LNG Management AS, commented:","length":54,"tagName":"p"},{"type":"text","content":""Results for the first quarter of 2026 reflect the seasonal low period in the LNG shipping mark...