Flex LNG - Announces new contract for Flex Aurora Accessibility StatementSkip Navigation HAMILTON, Bermuda, March 25, 2026 /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or "Company") (NYSE: FLNG) is pleased to announce it has agreed a new Time Charter Agreement ("TC") with a minimum firm period of two (2) years for Flex Aurora. The charterer, a Supermajor, will have the option to extend the contract with additional 2+2+2 years i.e. total contract length is potentially up to eight (8) years. If all options are d ...

Group 1 - The 2026 Annual General Meeting of Flex LNG Ltd. is scheduled for May 5, 2026, with a record date for voting set on March 24, 2026 [1] - A copy of the Notice of Annual General Meeting and the Company's Annual Report on Form 20-F will be available on the Company's website prior to the meeting [1] - Flex LNG Ltd. has announced the exercise of contract extensions for two ships and provided a fleet update [2]

分组1 - FLEX LNG (FLNG) has solid financial health with strong cash flow and no debt maturity until 2029, positioning the company to benefit from long-term LNG market trends with a modern fleet [1] - The analyst has over a decade of experience researching various industries, including commodities and technology, which enhances the quality of insights provided [1] - The focus has shifted to a value investing-oriented YouTube channel after three years of blogging, indicating a commitment to delivering in-depth company research [1] 分组2 - The analyst expresses a beneficial long position in TRMLF shares, indicating confidence in the investment [2] - The article reflects the analyst's personal opinions and is not influenced by compensation from any company mentioned [2] - Seeking Alpha emphasizes that past performance does not guarantee future results, highlighting the independent nature of the analysis [3]

Core Viewpoint - Flex LNG has announced contract extensions for two vessels, Flex Resolute and Flex Courageous, ensuring firm contracts until at least Q1 2032, with potential for further extensions [1][2][4]. Contract Extensions - The charterer has exercised the second extension option of 730 days for both Flex Resolute and Flex Courageous, extending their contracts from Q1 2027 to Q1 2029 [1]. - The original contracts included three firm years plus two two-year extension options, which have now been extended by an additional three firm years from Q1 2029 to Q1 2032 [2]. - The charterer holds further extension options of up to seven years per vessel from 2032, potentially increasing the contract duration significantly [2]. Fleet Status - Following the recent contract extensions, the company's firm contract backlog now stands at 53 years, with the possibility of increasing to 74 years if all extension options are exercised [3]. - Flex Constellation has commenced a 15-year time charter contract with a large Asian utility and LNG trader, ensuring its employment until at least 2041 [3][5]. Market Conditions - The energy and gas markets are currently experiencing significant volatility due to ongoing geopolitical conflicts, particularly in Iran, affecting LNG exports from the Gulf States [6]. - The company continues to operate its three open vessels in a firm spot market, driven by favorable natural gas price dynamics that encourage longer sailing distances [6].

Core Viewpoint - Flex LNG Ltd has filed its annual report on Form 20-F for the year ended December 31, 2025, with the U.S. Securities and Exchange Commission, highlighting its commitment to transparency and regulatory compliance [1]. Company Overview - Flex LNG is a shipping company that specializes in the growing market for Liquefied Natural Gas (LNG) [1]. - The company operates a fleet of thirteen state-of-the-art LNG carriers equipped with the latest generation two-stroke propulsion systems (MEGI and X-DF), which enhance fuel efficiency and reduce carbon footprint compared to older vessel types [1]. Financial Reporting - The annual report can be accessed on the company's website and the SEC's website, with shareholders able to request a hard copy of the audited financial statements free of charge [1]. - The company is listed on the New York Stock Exchange under the ticker FLNG, indicating its presence in the public market [1].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (Exact n ...

Management said FLEX VOLUNTEER completed a drydock in January and is now trading in the spot market. Foss also disclosed that ONR Charters will not declare the one-year options for FLEX AURORA, which is expected to be redelivered to Flex LNG in March.Flex LNG had two vessels trading in the spot market during 2025—FLEX ARTEMIS and FLEX CONSTELLATION—exposing results to weaker spot conditions earlier in the year. Traaholt said the $15 million year-over-year revenue decline was primarily explained by higher ma ...

Financial Data and Key Metrics Changes - The company reported revenues of $87.5 million for Q4 2025, or $85 million excluding EUA related to the emission trading system. The fleet averaged TCE at $71,100 per day. Net income for Q4 was $21.6 million, resulting in an earnings per share of $0.40. Adjusted net income was $23.3 million, or adjusted earnings per share of $0.43 [3][5] - For the full year 2025, revenues reached $340 million, with an adjusted EBITDA of $251 million. The full year TCE was $72,000 per day [6][12] - The company maintained a cash balance of $448 million at year-end, with no debt maturing before 2029 [5][13] Business Line Data and Key Metrics Changes - The company traded two vessels in the spot market in 2025: FLEX Artemis and FLEX Constellation. Four drydockings were completed in 2025 [6][12] - In 2026, the company expects to complete three drydockings and has a TCE guidance of $65,000-$75,000 per day [9][12] Market Data and Key Metrics Changes - Global LNG exports rose 4% year-over-year in 2025, with Europe leading demand. U.S. LNG exports increased by 25% compared to 2024 [16] - European gas storage levels were reported to be around 40% entering 2026, indicating a potential strong demand pull from Europe [18] - The company noted that while new LNG supply is firm, there are too many ships delivered ahead of the new volumes, leading to modest expectations for earnings from spot exposure [10][20] Company Strategy and Development Direction - The company has a robust financial position and a solid contract backlog, with 78% of available days fixed on long-term charters for 2026 [6][8] - The company is optimistic about its open exposure later in the decade, aligning with expectations of an attractive shipping market due to significant new supply volumes [8][20] Management's Comments on Operating Environment and Future Outlook - Management indicated that the spot market is expected to remain volatile in 2026, with many fixtures anticipated due to new LNG export volumes ramping up [7][10] - The long-term outlook remains optimistic, with a comfortable backlog and visibility despite current market challenges [10][20] Other Important Information - The board declared a quarterly dividend of $0.75 per share, marking the 18th consecutive dividend at this rate, with a total distribution of around $770 million since 2021 [5][10] - The company generated cash flow of $44 million from operations, with a net operating cash flow of approximately $36 million after accounting for working capital movements and drydocking expenditures [13] Q&A Session Summary Question: Can you provide more details on the upcoming options and their likelihood of being declared? - Management stated that they are also waiting for the charters to declare options during 2026, and regardless of the outcome, these options will not affect the fleet portfolio significantly [23] Question: How should the increased market exposure and decision factors be viewed regarding future dividend payments? - Management emphasized that each dividend payment is decided by the board at each meeting, and while some decision factors have been adjusted, the majority remain strong, supporting the dividend [24] Question: Will the company order new ships given the current market exposure? - Management indicated that they are in a position to order ships if needed but prefer to be disciplined and wait for contracts to be attached before making such decisions [26]

FLEX LNG (NYSE:FLNG) Q4 2025 Earnings call February 11, 2026 09:00 AM ET Company ParticipantsKnut Traaholt - CFOMarius Foss - CEOMarius FossHi everybody, welcome to FLEX LNG's Fourth Quarter 2025 Results Presentation. My name is Marius Foss, I am the CEO of FLEX LNG, and today I am joined with our CFO, Knut Traaholt, who will take us through the financials later in our presentation. Today we will cover the Q4 and full year 2025 results, provide an update on the LNG shipping market, and as always we will con ...

Financial Data and Key Metrics Changes - FLEX LNG reported revenues of $87.5 million for Q4 2025, or $85 million excluding EUA related to the emission trading system, with a net income of $21.6 million, resulting in an earnings per share of $0.40 [2][11] - Adjusted net income for Q4 was $23.3 million, or adjusted earnings per share of $0.43 [2] - For the full year 2025, revenues reached $340 million, with an adjusted EBITDA of $251 million, aligning with guidance [5][11] - The cash balance at year-end was $448 million, with no debt maturing before 2029 [4][12] Business Line Data and Key Metrics Changes - The fleet averaged TCE (Time Charter Equivalent) of $71,100 per day for Q4, with a full year TCE of $72,000 per day [2][5] - In 2025, two vessels were traded in the spot market, while four drydockings were completed [5] - For 2026, guidance indicates revenues between $310 million and $340 million, with expected TCE around $65,000-$75,000 per day [3][8] Market Data and Key Metrics Changes - Global LNG exports rose 4% year-over-year in 2025, with Europe leading demand, while U.S. exports increased by 25% [14] - European LNG imports surged by 24% year-over-year, reinforcing its role as a key balancing market [14][16] - In contrast, China reduced its LNG imports by 15% from 2024, relying more on domestic production [15][16] Company Strategy and Development Direction - FLEX LNG maintains a robust financial position with a solid contract backlog and a focus on long-term charters [4][7] - The company is optimistic about future market conditions, anticipating strong demand due to new LNG export volumes and geopolitical uncertainties [6][19] - The board declared a quarterly dividend of $0.75 per share, marking the 18th consecutive dividend [4][9] Management Comments on Operating Environment and Future Outlook - Management noted that the spot market is expected to remain volatile in 2026, with modest earnings expectations from spot-exposed vessels [6][8] - The company highlighted the importance of maintaining a disciplined approach to new ship orders, focusing on existing fleet quality [26][28] - The outlook for LNG demand in Europe remains strong, with expectations of high buying requirements in the coming months [17][19] Other Important Information - The company completed drydockings in 2025 significantly below budget, allowing for more revenue-generating days [10] - The average operational expenditure (OpEx) per day for 2025 was $15,800, slightly above guidance [11] - The interest rate swap portfolio has generated unrealized and realized gains of around $132 million since January 2021 [13] Q&A Session Summary Question: Can you provide more details on the upcoming options for the fleet? - Management indicated that they are awaiting decisions on options due to be declared during 2026, noting that these will not significantly impact the fleet portfolio [22][23] Question: How should the increased market exposure be viewed regarding future dividend payments? - Management stated that dividend decisions are made at each board meeting, emphasizing a solid financial position and large contract backlog to support dividends [24] Question: Will the company order new ships given the current market exposure? - Management expressed a disciplined approach to ordering new ships, preferring to wait for contracts before making new orders [26][27]