Flex LNG Posts Solid Q2 Earnings, Maintains Guidance Amid Challenging Market Conditions

Flex LNG Ltd (NYSE: FLNG), a Bermuda-registered owner and operator of liquefied natural gas (LNG) carriers, reported its second-quarter results, which were marked by higher spot-market earnings and full-quarter contributions from recently commenced contracts.

The company generated revenue of $106.8 million during the quarter, or approximately $102.7 million excluding EU Allowances, which was its second-best quarterly revenue performance since the fourth quarter of 2021, according to Chief Executive Officer Marius Foss.

Foss said that Flex Artemis and Flex Volunteer benefited from a strong spot LNG shipping market during the second quarter, while Flex Constellation and Flex Aurora contributed a full quarter of earnings under contracts that began in March.

The company maintained its full-year vessel operating expense guidance of $16,000 per day and forecasted revenue between $345 million and $370 million, TCE earnings of $73,000 to $78,000 per day, and adjusted EBITDA of $255 million to $280 million for 2026.