Flex LNG - Filing of 2025 Annual Report on Form 20-F [Accessibility Statement] Skip NavigationHAMILTON, Bermuda, Feb. 27, 2026 /PRNewswire/ -- Flex LNG Ltd (the "Company") announces that its annual report on Form 20-F for the year ended December 31, 2025 (the "Annual Report") has been filed with the U.S. Securities and Exchange Commission (the "Commission").The attached Annual Report can also be downloaded from the Company's website, [www.flexlng.com/category/annual-reports/] and is available on the website ...

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 ...

Core Viewpoint - Flex LNG reported its unaudited financial results for Q4 and the full year of 2025, highlighting stable earnings and a commitment to shareholder returns through dividends [1] Financial Performance - The company declared a dividend of $0.75 per share for Q4 2025, payable on March 12, 2026 [1] - Adjusted basic earnings per share for Q4 2025 remained stable at $0.43, consistent with Q3 2025 [1] - Adjusted net income for Q4 2025 was $23.3 million, slightly down from $23.5 million in Q3 2025 [1] - Adjusted EBITDA for Q4 2025 increased to $61.8 million from $61.2 million in Q3 2025 [1] - Net income for Q4 2025 was $21.6 million, up from $16.8 million in Q3 2025, with basic earnings per share rising to $0.40 from $0.31 [1] - Vessel operating revenues for Q4 2025 were $87.5 million, compared to $85.7 million in Q3 2025 [1] Operational Insights - The average Time Charter Equivalent (TCE) rate for Q4 2025 was $70,119 per day, down from $70,921 per day in Q3 2025 [1] - The full-year TCE rate for 2025 was $71,728 per day, aligning with the guidance of $71,000 to $72,000 per day [1] - Full-year adjusted EBITDA for 2025 was $251.1 million, slightly exceeding the guidance of approximately $250 million [1] Market Outlook - Global LNG exports grew by approximately 4% year-on-year in 2025, reaching 429 million tons, with North American projects driving a 25% growth [1] - 70 million tons per annum of new LNG projects reached Final Investment Decision (FID) in 2025, contributing to a total capacity under construction of around 200 million tons per annum [1] - The short- to medium-term outlook for LNG shipping is expected to be affected by newbuilding deliveries ahead of liquefaction projects [1] Financial Strategy - The company completed three refinancing initiatives worth $530 million in 2025, releasing $137 million in net cash proceeds and lowering interest costs [1] - Full-year interest expenses for 2025 declined to $92.6 million, down $13 million from 2024 [1] - The company has no debt maturities before 2029 and ended the year with a cash position of $448 million [1]

Company Overview - Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG) [2] - The fleet consists of thirteen LNG carriers, all equipped with state-of-the-art two-stroke propulsion systems (MEGI and X-DF) [2] - These modern ships provide significant improvements in fuel efficiency and a reduced carbon footprint compared to older vessels [2] Upcoming Financial Results - Flex LNG will release its unaudited financial results for the fourth quarter of 2025 on February 11, 2026, at approximately 07:00 CET (1:00 a.m. EST) [1] - A live video webcast will be held on the same day at 15:00 CET (9:00 a.m. EST) [1] - Presentation materials will be available on the company's website, and a replay of the webcast will also be accessible [2]

Core Viewpoint - Rising energy prices are impacting American households, particularly low- and middle-income families, as natural gas prices surge and utilities approve rate hikes, contrary to political promises of cheaper energy [2][3][4]. Energy Price Trends - Natural gas prices are increasing at a historic pace, with Henry Hub futures surpassing $5 per MMBtu due to synchronized demand from homes, power plants, and industry during extreme cold [2][10][12]. - Home heating costs are projected to rise by 9.2% this season, significantly outpacing the inflation rate, with average U.S. household heating expenses expected to reach approximately $995, an increase of $84 from the previous year [4][5]. Impact on Households - The financial burden of rising energy costs is particularly severe for low- and middle-income families, leading to increased utility debt and potential shutoffs [3][4]. - Electric-heated homes are experiencing the steepest cost increases at 12.2%, while natural gas households see an 8.4% rise [5]. Market Dynamics - U.S. energy markets are influenced by global supply dynamics, weather conditions, and infrastructure limitations rather than solely by political decisions [2][6][15]. - Infrastructure bottlenecks in regions like the Northeast contribute to disproportionately higher energy costs, even when national supply appears sufficient [13][18]. Supply and Demand Factors - Despite record U.S. natural gas production, supply cannot be rapidly increased to meet sudden spikes in demand due to fixed pipeline capacity and the time required for drilling new wells [8][11]. - The connection between U.S. LNG exports and global markets means that higher export levels can tighten local supply, further driving up domestic prices [16][17]. Cost Influencers - Rising labor and maintenance costs, inflation-driven expenses, and investments in grid hardening and climate resilience are contributing to higher utility rates [19]. - The competition for natural gas supply between domestic consumers and international markets, especially during winter, exacerbates price increases [19].

Group 1 - The UP World LNG Shipping Index (UPI) increased by 1.44 points (0.88%), closing at 164.96 points, while the S&P 500 index decreased by 1.03% [1] - The performance of the UPI indicates a positive trend in the LNG shipping sector compared to the broader market represented by the S&P 500 [1]

Core Points - Flex LNG Ltd has appointed Mr. Marius Foss as the Chief Executive Officer of Flex LNG Management AS, effective immediately [1] - Mr. Foss has been serving as the Interim Chief Executive Officer and Chief Commercial Officer since joining the company in 2018, bringing over 35 years of shipping experience [2] - The Chairman of Flex LNG, Mr. Ola Lorentzon, expressed confidence in Mr. Foss's leadership and commercial capabilities, which are seen as a strong foundation for the company's future development [3] - Mr. Foss emphasized the company's modern fleet, substantial contract backlog, and strong balance sheet, positioning Flex LNG well to capitalize on future opportunities [3]

Core Points - U.S. stock futures are up, with Nasdaq futures increasing by approximately 100 points [1] - FLEX LNG Ltd reported quarterly earnings of 43 cents per share, missing the analyst consensus estimate of 46 cents per share, while quarterly sales of $85.680 million exceeded the consensus estimate of $85.188 million [1] - FLEX LNG shares fell 8.4% to $24.31 in pre-market trading [2] Company Movements - Biohaven Ltd shares dropped 7.7% to $7.86 after announcing a $150 million offering [4] - Samsara Inc shares declined 7.4% to $36.87 [4] - Dingdong (Cayman) Ltd shares fell 5.1% to $1.68 following disappointing quarterly earnings [4] - Stitch Fix Inc shares decreased by 4% to $4.21 [4] - Rezolve AI PLC shares fell 3.8% to $3.29 [4] - Daqo New Energy Corp shares declined 3.7% to $34.29 [4] - Xpeng Inc – ADR shares dropped 3.5% to $27.09 after an 8% gain on Tuesday [4] - Daqo New Energy Corp shares also saw a decline of 3.1% to $34.50 [4]

Core Insights - FLNG (NYSE: FLNG) is currently offering a dividend yield of approximately 12%, making it the second-highest among shipping stocks, just behind SFL, which has a yield of 12.6% [1] Company Analysis - FLNG's dividend yield positions it favorably within the shipping industry, indicating strong potential for income-focused investors [1]

Core Points - Flex LNG Ltd will release its unaudited financial results for Q3 2025 on November 12, 2025, at approximately 07:00 CET (1:00 a.m. EST) [1] - A live video webcast will take place on the same day at 15:00 CET (9:00 a.m. EST), with a Q&A session following the presentation [1] - The presentation material will be available on the company's website, and a replay of the webcast will also be accessible [2] Company Overview - Flex LNG is a shipping company focused on the Liquefied Natural Gas (LNG) market, operating a fleet of thirteen state-of-the-art LNG carriers [2] - The vessels utilize the latest generation two-stroke propulsion systems (MEGI and X-DF), which enhance fuel efficiency and reduce carbon footprint compared to older ship models [2] - Flex LNG is listed on the New York Stock Exchange under the ticker FLNG [2]