FLNG, BMG359472021

Flex LNG stock heads toward Q3 results at USD 31.24

Published on 10/04/2026 at 23:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Flex LNG stock was last at USD 31.24 on October 2, while Q2 revenue reached USD 106.8 million. Five analysts set a USD 26.12 average target.

FLNG, BMG359472021, Illustration mit AI erstellt.

Flex LNG stock was last at USD 31.24 on the NYSE on October 2, 2026, down 0.26 percent from the prior close. The company heads toward its Q3 2026 earnings release scheduled for November 26, 2026, while its latest quarter delivered revenue of USD 106.8 million and net income of USD 44.9 million.

Q2 earnings beat expectations

Flex LNG's second-quarter 2026 results remain the central operating reference for the shares. According to SquawkNews, revenue reached USD 106.8 million and net income was USD 44.9 million for Q2 2026.

GAAP earnings per share came to USD 0.83, while adjusted EPS was USD 0.79. The adjusted figure exceeded the USD 0.62 consensus estimate, a difference of USD 0.17, according to MarketBeat.

Guidance meets contract coverage

Management maintained full-year 2026 revenue guidance of USD 345 million to USD 370 million and adjusted EBITDA guidance of USD 255 million to USD 280 million. The Q2 fleet-average time charter equivalent was USD 86,100 per day, above the full-year guidance range of USD 73,000 to USD 78,000 per day, according to SquawkNews.

The company reported 51 years of minimum firm contract backlog, with the potential to reach 78 years if all options are declared. Contract coverage for remaining available vessel days in 2026 stood at 89 percent, while the board declared a quarterly dividend of USD 0.75 per share.

Analysts stay below the market

MarketBeat reported a consensus Reduce rating and an average price target of USD 25.00. MarketScreener listed an Underperform consensus from five analysts and an average target of USD 26.12 in its Flex LNG company overview, while the stock was last at USD 31.24 on October 2.

The contrast is straightforward: operating figures improved in Q2, but analyst targets remain below the latest NYSE quotation. Flex LNG also faces a softer spot market and heavy newbuilding deliveries, factors management identified in its Q2 discussion.

Flex LNG stock reaches the next checkpoint

Flex LNG stock was last at USD 31.24 on the NYSE on October 2, 2026. The same session's range was USD 30.91 to USD 31.36, and the 52-week range was USD 24.00 to USD 33.40.