FLEX LNG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw revenues of $80.5M and net income of $19.5M, with 91% of 2026 days fixed and a strong contract backlog. Full-year guidance was raised for revenue, TCE, and EBITDA, while geopolitical risks and market tightness drive cautious optimism.
Fiscal Year 2025
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Q4 2025 saw revenues of $87.5 million and net income of $21.6 million, with full-year revenues at $340 million and adjusted EBITDA of $251 million. 2026 guidance reflects spot market volatility, with 78% of days fixed on long-term charters and robust financials supporting continued dividends.
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Q3 2025 saw strong financials with $85.7M revenue, $16.8M net income, and a record $479M cash balance. Dividend yield remains high at 11%, contract backlog is robust, and the outlook is positive amid rising LNG volumes and improved market conditions.
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Quarterly revenues reached $86 million with adjusted net income of $24.8 million, supported by strong contract backlog and new financings that enhance liquidity and push out debt maturities. A $50 million share buyback and a $0.75 per share dividend were announced, with a positive long-term LNG outlook.
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Q1 2025 saw strong adjusted net income and robust cash flow, with a 12% dividend yield and a solid contract backlog. Guidance for 2025 remains intact, supported by balance sheet optimization and new financing, while market conditions show rising LNG demand and vessel supply discipline.
Fiscal Year 2024
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Q4 and full-year 2024 results met guidance, with strong cash, stable dividends, and a robust backlog supporting 2025 outlook despite a weak freight market. Regulatory costs and trade tensions pose risks, but long-term charters and disciplined capital management provide stability.
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Quarterly revenues and adjusted EBITDA met guidance, with strong cash reserves and a robust contract backlog supporting a 13% dividend yield. Market softness is expected to persist short-term, but long-term fundamentals remain positive, aided by new charters and regulatory tailwinds.
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Q2 results met guidance with $84.7M revenue and $0.56 adjusted EPS. All ships are back in operation, supporting higher Q3 and Q4 earnings. Strong charter coverage, attractive refinancing, and robust market conditions position the company for continued growth.