Bermuda's Flex LNG Q4 revenue rises slightly, declares dividend

Overview

• Bermuda LNG shipper's Q4 revenue rose slightly compared to the previous quarter

• Net income for Q4 increased to $21.6 mln from Q3

• Company declared a Q4 dividend of $0.75 per share

Outlook

• Flex LNG anticipates volatility in spot market over next 12-18 months

• Company's contract backlog offers earnings visibility amid market uncertainties

• Flex LNG strengthens balance sheet with no debt maturities before 2029

Result Drivers

• REFINANCING BENEFITS - Co realized benefits from extensive refinancing initiatives, reducing interest expenses and improving cash position

• LNG EXPORT GROWTH - Global LNG exports grew by 4% in 2025, with North American projects driving growth

• STABLE TCE RATE - Co maintained stable Time Charter Equivalent rate, aligning with guidance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the oil & gas transportation services peer group is "buy."

• Wall Street's median 12-month price target for FLEX LNG Ltd is $25.00, about 5.6% below its February 10 closing price of $26.48

• The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nWkr17l4Qp

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.