FLEX LNG Ltd. (FLNG) Earnings Call Transcripts

FLEX LNG Ltd.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, FLEX LNG Ltd. reported revenues of $80.5 million, exceeding expectations and reflecting a 10% increase in full-year guidance to a range of $345 million to $370 million. Net income stood at $19.5 million, translating to an EPS of $0.36, while adjusted net income was $16.9 million or $0.31 per share. Management highlighted strong contract coverage and a robust LNG shipping market, driven by geopolitical factors, leading to an optimistic outlook for the remainder of the year.

Reported metrics

Guidance from management

Management raised full-year revenue guidance to a range of $345 million to $370 million and TCE rates to between $73,000 and $78,000 per day, reflecting improved market conditions.

What management said

Welcome to Flex LNG First Quarter 2026 Results Presentation. My name is Marius Foss, I'm the CEO of the Flex LNG. And today, I'm joined with our CFO, Knut Traaholt, who will walk you through the financials later in the presentation. Today, we will cover the first quarter results and provide an update on the LNG shipping market. As always, we will conclude the webcast with a Q&A session.

If you would like to ask questions, please use the chat functions in the webcast or send questions by e-mail to ir@flexlng.com. Before we start, we would like to highlight the following. We are using certain non-GAAP measures such as TCE, adjusted EBITDA and adjusted net income. These are supplements to the earnings report reported in accordance with U.S. GAAP. The reconciliations of these non-GAAP measures are avail...

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical risks on future earnings and the sustainability of the dividend amidst potential market volatility. There were also questions about the timing of securing long-term contracts for open vessels.

Main topics on the call

• Revenue Growth and Guidance Increase — FLEX LNG reported revenues of $80.5 million for Q1 2026, with full-year guidance raised to $345 million to $370 million, a 10% increase from previous estimates. Management stated, "the addition of new contract backlog an...
• Strong Contract Coverage — The company has secured 91% of available days for 2026, with 54 years of minimum backlog. CEO Marius Foss noted, "We have now completed the drydockings of both Flex Volunteer and Flex Freedom during the quarter," enhanci...
• Dividend Consistency — FLEX LNG declared a quarterly dividend of $0.75 per share, marking the 19th consecutive dividend at this rate. The total dividends paid over the last 12 months amount to $3 per share, reflecting a yield of approximately ...
• Geopolitical Impact on LNG Shipping — The ongoing war in Iran and the closure of the Strait of Hormuz have led to a 20% reduction in global LNG export capacity. This has resulted in a tighter LNG shipping market, which management believes will support higher...

Read the full FLEX LNG Ltd. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 30 FLEX LNG Ltd. earnings call transcripts on record, spanning February 26, 2020 to May 13, 2026. Based on this history, FLEX LNG Ltd. reports quarterly. The most recent call on file is dated May 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FLNG

Exchange

NYSE

Country

US

Sector

Energy

Industry

Oil, Gas and Consumable Fuels

Calls on record

30

First call

February 26, 2020

Most recent

May 13, 2026

Reporting cadence

quarterly