Flex LNG Raises Full-Year Guidance by ~10% on Stronger LNG Shipping Market and New Charters

summarizeSummary

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.

check_boxKey Events

• 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.

• 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.

• 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.

• 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.

auto_awesomeAnalysis

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.