Flex LNG Raises Full-Year Guidance by ~10% on Stronger LNG Shipping Market and New Charters
FLNG sits 45% above its 52-week low of $21.72.
Summary
Flex LNG increased its full-year 2026 financial guidance by up to 11% due to new charter agreements and a stronger LNG shipping market, despite a seasonally soft first quarter.
Key Events · Earnings and Guidance · FLNG
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Increased FY2026 Guidance
Full-year 2026 revenue guidance (excl. EUAs) raised by ~10% to $345-$370 million, TCE rate guidance up ~8% to $73-$78,000 per day, and Adjusted EBITDA guidance up ~11% to $255-$280 million.
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New Charter Agreements and Extensions
Secured a new two-year time charter for Flex Aurora with options for six additional years, and charterers exercised extensions for Flex Resolute and Flex Courageous, extending their firm contracts until 2032.
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Stable Quarterly Dividend
Declared a quarterly dividend of $0.75 per share for Q1 2026, marking the 19th consecutive ordinary quarterly dividend at this rate.
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Q1 2026 Financials
Reported Q1 2026 net income of $19.5 million ($0.36 EPS) and a TCE rate of $65,729, reflecting seasonal lows and drydockings, but noted a significant market strengthening post-quarter.
Analysis · FLNG · Energy & Transportation
Flex LNG reported Q1 2026 results reflecting seasonal lows and drydockings, but significantly raised its full-year 2026 guidance for revenues, TCE rates, and Adjusted EBITDA by approximately 8-11%. This positive revision is driven by new long-term charter agreements and a dramatically improved LNG shipping market following recent geopolitical events, which caused spot rates to surge. The company has secured 91.2% firm contract coverage for the remainder of 2026, extending its firm contract backlog to 54 years.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FLNG was trading at $31.50 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.7B. The 52-week trading range was $21.72 to $33.40. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.