Flex LNG Reports Second Quarter 2026 Financial Results

Flex LNG Ltd. announced its unaudited financial results for the second quarter ended June 30, 2026, on August 19, 2026. The company reported vessel operating revenues of $106.8 million for the period, up from $80.5 million in the first quarter of 2026.

Net income for the second quarter was $44.9 million, with basic earnings per share at $0.83. This compares to a net income of $19.5 million, or $0.36 per share, in the first quarter. The average Time Charter Equivalent (TCE) rate achieved was $86,119 per day.

These financial figures indicate a positive trend in the liquefied natural gas (LNG) shipping market, where demand for transportation services has seen an uptick. Flex LNG's fleet of LNG carriers is positioned to capitalize on these market conditions.

The company continues its operations, focusing on fleet utilization and securing favorable charter agreements. The reported results reflect an improvement in financial performance compared to the preceding quarter.