Flex LNG posts $44.9 million Q2 net income, keeps 2026 guidance

Flex LNG reported stronger second-quarter 2026 results, with vessel operating revenue rising 32.7% to $106.8 million from $80.5 million in the first quarter, the highest level since the fourth quarter of 2021. Revenue excluding EU carbon allowances was $102.7 million. Net income increased to $44.9 million, or $0.83 per share, while adjusted net income reached $42.5 million and adjusted earnings per share rose 155% to $0.79. Adjusted EBITDA climbed to $79.0 million, and fleet-wide time charter equivalent earnings improved to $86,119 per day from $65,729. Volatility in the Middle East energy market benefited the companys two spot-exposed vessels, Flex Volunteer and Flex Artemis, leaving approximately 89% fixed contract coverage for the remainder of 2026. Flex LNG maintained its full-year revenue guidance of $345 million to $370 million excluding EU carbon allowances, TCE guidance of $73,000 to $78,000 per day and adjusted EBITDA guidance of $255 million to $280 million. The board declared a $0.75 per share quarterly dividend payable on or about September 17, 2026, the companys 20th consecutive dividend at that level.

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