FLEX LNG Ltd.

NYSE•FLNG

CEO: Mr. Oystein M. Kalleklev

Sector: Energy

Industry: Oil & Gas Midstream

Listing Date: 2019-06-17

FLEX LNG Ltd., together with its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. The company owns and operates vessels with M-type electronically controlled gas injection LNG carriers; and vessels with generation X dual fuel propulsion systems. FLEX LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.

Contact Information

Par-La-Ville Place, 14 Par-La-Ville Road, Hamilton, HM08, Bermuda

441-295-6935

www.flexlng.com

Market Cap

$1.55B

P/E (TTM)

20.7

20.3

Dividend Yield

10.5%

52W High

$30.85

52W Low

$19.46

52W Range

81%

Rank47Top 61.9%

3.4

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 3.4 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$87.54M+0.00%

4-Quarter Trend

EPS

$0.40+0.00%

4-Quarter Trend

FCF

$29.04M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Vessel Revenue Declined Vessel operating revenues fell to $347.6M USD in 2025, down $8.7M USD from prior year results.

Net Income Significantly Lower Net income dropped 36.4% to $74.8M USD for 2025, impacting basic EPS to $1.38 USD.

Operating Cash Flow Decreased Cash provided by operating activities decreased $42.1M USD to $140.7M USD in the fiscal year 2025.

Fleet Charter Coverage Strong 78.0% of available calendar days are fixed under period charters for the remainder of the 2026 period.

Risk Factors

Charter Rate Volatility Risk Volatile spot market charter rates may lead to unprofitable vessel employment and adverse asset value decline.

Geopolitical Shipping Disruptions Global conflicts and trade tensions risk physical disruption of shipping routes, increasing time and operational cost.

Interest Rate Exposure High $1.73B USD in variable rate debt exposes profitability to adverse fluctuations in SOFR interest rates.

Regulatory Compliance Costs Rising New environmental rules like EU ETS and FuelEU Maritime mandate additional compliance and administration expenses.

Outlook

Fleet Growth Strategy Focus Strategy balances existing fleet employment with exploring accretive opportunities for future fleet expansion.

Debt Structure Optimization Total debt stands at $1.86B USD; refinancing efforts included prepaying several facilities during 2025.

Shareholder Distributions Maintained Total dividends paid reached $162.3M USD in 2025, with $0.75 per share declared for Q4 2025.

Governance Policies Updated Adopted Clawback Policy in October 2023 and maintains governance aligned with Bermuda home country practice.

Peer Comparison

Revenue (TTM)

WKC

$36.93B

-12.4%

DNOW

$2.82B

+18.8%

EFXT

$2.57B

+8.0%

Gross Margin (Latest Quarter)

LPG

51.2%

+28.3pp

FLNG

50.6%

-7.8pp

NVGS

32.3%

+24.1pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
EFXT	$2.55B	45.9	4.2%	26.1%
NESR	$1.93B	37.7	5.4%	18.9%
XPRO	$1.84B	35.5	3.4%	9.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-0.3%

Flat Growth

4Q Net Income CAGR

4.8%

Profitability Slowly Improving

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 19, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data