Flex LNG Reports $87.5M Q4 Revenue, Declares $0.75 Dividend Yielding 11.5%
Flex LNG reported Q4 2025 revenue of $87.5 million and full-year revenue of $340 million, meeting its guidance targets. The company declared its 18th consecutive quarterly dividend of $0.75 per share (11.5% yield), held $448 million in cash and maintains a 50-year firm contract backlog.
1. Q4 Financial Results
Flex LNG generated Q4 2025 revenue of $87.5 million, matching its guidance. Full-year revenue reached $340 million, reflecting stable demand for its LNG carriers.
2. Dividend and Cash Position
The company declared its 18th consecutive quarterly dividend of $0.75 per share, equating to an 11.5% yield, and maintained a cash balance of $448 million at year-end.
3. Contract Backlog and Charter Coverage
It holds a 50-year minimum firm contract backlog and has fixed 78% of available days on long-term charters, with three vessels currently operating in spot markets.
4. 2026 Outlook and Investment Strategy
Management anticipates modest spot market earnings and volatility in 2026, planning to extend existing high-quality tonnage rather than order new vessels without firm contracts, demonstrating disciplined capital allocation.