Flex LNG Q2 revenue jumps on earnings from new charters

FLNG•2026-08-19

Analyst coverage

The current average analyst rating on the shares is "sell", with no "strong buy" or "buy" ratings, 4 "hold" ratings and 4 "sell" or "strong sell" ratings.

Wall Street's median 12-month price target for Flex LNG Ltd. is $25.00, about 19.6% below its August 18 closing price of $31.10.

The stock recently traded at 14 times the next 12-month earnings versus a P/E of 18 three months ago.

Drivers from spot market and new charters

The company said volatility and trading inefficiencies in energy markets created attractive opportunities for its spot-exposed vessels, Flex Volunteer and Flex Artemis.

Flex Aurora and Flex Constellation contributed to revenue and earnings after commencing new charters, according to CEO Marius Foss.

Metric	Actual
Q2 Revenue	$106.80 mln
Q2 Adjusted Net Income	$42.50 mln
Q2 Net Income	$44.90 mln
Q2 Adjusted EBITDA	$79 mln
Q2 Basic EPS	$0.83

Flex LNG Q2 revenue jumps on earnings from new charters

Analyst coverage

Drivers from spot market and new charters

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