FLEX LNG 2026 Forecast | Price, Valuation & Growth

FLEX LNG

NYSE:FLNG

$ 30,21

$-0,05 (-0,17%)

30,21 $

$-0,05 (-0,17%)

End-of-day quote: 03/26/2026

FLEX LNG Stock Value

Analysts currently rate FLEX LNG as Hold.

Hold

FLEX LNG Company Info

EPS Growth 5Y

-12,90%

Market Cap

$1,63 B

Long-Term Debt

$0,75 B

Quarterly earnings

04/30/2026 (E)

Dividend

$2,99

Dividend Yield

9,91%

Founded

2006

Industry

Energy

Country

Bermuda

Website

FLEX LNG

ISIN Number

BMG359472021

Website

http://www.flexlng.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

$25,50

-15.59%

Last Update: 03/26/2026

Analysts: 4

Highest Price Target $28,50

Average Price Target $25,50

Lowest Price Target $25,00

In the last five quarters, FLEX LNG’s Price Target has fallen from $24,80 to $24,00 - a -3,23% decrease. Five analysts predict that FLEX LNG’s share price will fall in the coming year, reaching $25,50. This would represent a decrease of -15,59%.

Top growth stocks in the energy sector (5Y.)

What does FLEX LNG do?

FLEX LNG Ltd is a growth-oriented owner and commercial operator of fuel efficient, fifth generation LNG carriers. As of February 28, 2025, the company owned and operated nine M-type, Electronically Controlled, Gas Injection, or MEGI, LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel, or X-DF, LNG carriers, which the company collectively refer to as its ‘Operating Vessels’ or its ‘Flee...

FLEX LNG Ltd is a growth-oriented owner and commercial operator of fuel efficient, fifth generation LNG carriers.

As of February 28, 2025, the company owned and operated nine M-type, Electronically Controlled, Gas Injection, or MEGI, LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel, or X-DF, LNG carriers, which the company collectively refer to as its ‘Operating Vessels’ or its ‘Fleet’. The company’s business focuses on the operation of its long-term charters for its Fleet.

Employment of its Fleet and the company's Customers

The company manages the employment of its Fleet. The company deploys its LNG carriers on period time charters which can last up to several years, of which the company has a twelve of its vessels on fixed rate time charters and one vessel on a variable rate contract indexed to the spot market.

Vessels operating in the spot market generate revenues that are less predictable but may enable the company to capture increased profit margins during periods of improvements in LNG charter rates, although the company is then exposed to the risk of declining LNG carrier charter rates.

In formulating the company’s chartering strategy, it evaluates past, present and future performance of the freight markets and balance the mix of its chartering arrangements in order to achieve optimal results for the fleet. As of February 28, 2025, the company had three vessels on time charters expiring within one year, four vessels on time charters expiring within two years, three vessels on time charters expiring from two to five years and three vessels on time charters expiring after five years, excluding any option periods.

Customers

The company's assessment of a charterer's financial condition and reliability is an important factor in negotiating employment for its vessels. Principal charterers include producers of LNG products, such as national, major and other independent energy companies and energy traders, and industrial users of those products. For the year ended December 31, 2024, the company had four customers accountable for more than 92.6% of its total revenues.

In April 2021, and through a series of actions since, the company has entered into fixed rate time charter agreements with Cheniere Marketing International LLP, or Cheniere, for five LNG carriers. Under the agreements and subsequent actions:

Flex Endeavour was delivered to Cheniere in April 2021 with a firm period ending in the third quarter of 2030 with an option to extend to the first quarter 2033. In April 2024, the charterer exercised an option to extend the time charter from the third quarter of 2030 to the first quarter of 2032;

Flex Vigilant was delivered to Cheniere in May 2021 with a firm period ending in the fourth quarter of 2030 with an option to extend to the second quarter 2033. In August 2023, the charterer declared their first option period for the vessel, which extended the time charter from the fourth quarter of 2030 to second quarter of 2031;

Flex Ranger was delivered to Cheniere in August 2021 with a firm period ending in the first quarter of 2027;

Flex Volunteer was delivered to Cheniere in April 2022 with a firm period ending in the first quarter of 2026 with an option to extend to the first quarter 2028; and

Flex Aurora was delivered to Cheniere in September 2022 with a firm period ending in the second quarter of 2026 with an option to extend to the second quarter 2028.

In May 2021, the company entered into a fixed rate time charter agreement with an international trading house for the vessel, Flex Constellation. The time charter commenced in second quarter of 2021 with duration of three years and had options to extend the term of the charter by up to three years. In January 2024, the charterer notified the company that the extension options would not be declared thereby the vessel is expected to be re-delivered to the company in March 2024.

In May 2021, the company entered into a fixed rate time charter agreement with an LNG portfolio player, for a firm period of a minimum of five years for Flex Freedom. The charter commenced in the first quarter of 2022 immediately following the expiration of her existing time charter. The charterer has the option to extend the period by an additional two years.

In November 2021, the company entered into fixed rate time charter agreements with minimum firm periods of three years with an international energy major for two LNG carriers, Flex Resolute and Flex Courageous. Under the agreements, the two vessels were delivered during the first quarter of 2022 in direct continuation of their existing time charters. The agreements include the options to extend each vessel by up to four additional years in two-year periods. In January and February 2024, the charterer utilized the first extension options the Flex Resolute and Flex Courageous, respectively. Both vessels firm periods will now expire in the first quarter of 2027 and the charterer will have one further option, on each vessel, to extend by an additional two years. In November 2024, the company agreed to amend and extend by way of addendum to the existing time charters of Flex Courageous and Flex Resolute, to include a new firm period from 2029 to 2032 following the last two-year option under the original time charter contract. The addendum includes additional options for the charterer to extend each vessel by up to seven years in periods of two years, two years and three years.

In June 2022, the company signed fixed rate time charters for Flex Amber and Flex Enterprise with a supermajor, to replace the existing variable rate time charters in respect of these vessels. The duration of both the time charters, referenced in this paragraph, is seven years and commenced in the third quarter of 2022, with an expiry in the third quarter of 2029.

In June 2022, the company signed a ten-year fixed rate time charter for Flex Rainbow with a large global trading company. This new time charter will commence in direct continuation of the existing charter that is expected to expire in the first quarter of 2023.

In May 2024, Flex Constellation commenced a time charter with a large Asian utility and asset backed LNG trader. The charter has a firm period ending in the first quarter of 2025 and the charterer had the option to extend by an additional one year to the first quarter of 2026. In November 2024, the charterer notified the company that the extension options would not be declared, thereby the vessel is expected to be redelivered in the first quarter of 2025. Following the re-delivery, the vessel will be marketed for short-term contracts, until the commencement of a new 15-year time charter contract during the first or second quarter of 2026.

In November 2024, the company signed a new time charter contract for Flex Constellation with a large Asian utility and asset backed LNG trader for a period of 15 years. The time charter contract will commence during the first or second quarter of 2026, and has a firm period ending in 2041, including options for the charterer to extend the vessel by additional two years up to 2043.

General Management Agreements

In October 2021, the company entered into a service level agreement with a Front Ocean Management AS and Front Ocean Management Ltd, together referred to as Front Ocean, where they provide the company certain advisory and support services, including human resources, shared office costs, administrative support, IT systems and services, compliance, insurance and legal assistance.

The company has a general management agreement with Flex LNG Bermuda Management Limited, the company's wholly owned subsidiary, for the provision of management services, which primarily include, among others, general administration, contract management, corporate governance assistance, accounting service and operational support. Flex LNG Bermuda Management Limited has, in turn, subcontracted these services from certain of the company's other wholly owned subsidiaries, including Flex LNG Management AS and Flex LNG Management Limited.

The company has an administrative services agreement with Frontline Management AS, or Frontline Management, a related party, under which they provide the company with certain administrative support, technical supervision, purchase of goods and services within the ordinary course of business and other support services. Frontline Management may subcontract these services to other associated companies, including Frontline Management (Bermuda) Limited and Frontline (Management) Cyprus Ltd.

The company also has a services agreement with Seatankers Management Co. Ltd., or Seatankers, a related party, under which they provide the company with certain advisory and support services.

Technical Management and Support Services

The company has a ship management agreement with Flex LNG Fleet Management AS, a related party owned by Frontline plc, for which they are responsible for the technical ship management for all of its entire fleet. Under the agreements with Flex LNG Fleet Management AS, the company pay its allocation of the actual costs they incur on its behalf, plus a markup.

The Liquefied Natural Gas Industry

The company's business is marine transportation of LNG, referred to as LNG shipping. The marine transportation is done by means of specialized ships, referred to as LNG carriers, which are vessels built to meet the specialized requirement of the LNG products.

The LNG Carrier Fleet

As at the end of 2024, industry sources report that the fleet was made up of approximately 686 LNG carriers larger than 40,000 cbm, which all vary in terms of propulsion systems and cargo sizes. Furthermore, eight vessels were sold for recycling in 2024. The orderbook for LNG carriers as at the end of 2024 stands at approximately 321 vessels and 62 newbuilds were delivered in 2024, according to industry sources.

Environmental and Other Regulations in the Shipping Industry

A variety of government and private entities subject the company's vessels to both scheduled and unscheduled inspections. These entities include the local port authorities (applicable national authorities, such as the USCG, harbor master or equivalent), classification societies, flag state administrations (countries of registry) and charterers, particularly terminal operators. Certain of these entities require the company to obtain permits, licenses, certificates and other authorizations for the operation of the company's vessels.

The company is required to maintain operating standards for all of the company's vessels that emphasize operational safety, quality maintenance, continuous training of the company's officers and crews and compliance with United States and international regulations.

Under Chapter IX of the SOLAS Convention, or the ISM Code, its operations are also subject to environmental standards and requirements. The ISM Code requires the party with operational control of a vessel to develop an extensive safety management system that includes, among other things, the adoption of a safety and environmental protection policy setting forth instructions and procedures for operating its vessels safely and for responding to emergencies.

The company has obtained applicable documents of compliance for the company's offices and safety management certificates for all of its vessels for which the certificates are required by the IMO.

The company has obtained Anti-fouling System Certificates for all of the company's vessels that are subject to the Anti-fouling Convention.

All of the company's vessels are in possession of a CLC State issued certificate attesting that the required insurance coverage is in force. The company complies with the USCG's financial responsibility regulations by providing applicable certificates of financial responsibility.

Seasonality

Historically, LNG trade, and therefore charter rates, increased in the winter months and eased in the summer months as demand for LNG in the Northern Hemisphere rose in colder weather and fell in warmer weather.

History

FLEX LNG Ltd. was founded in 2006. The company was incorporated in 2006.

FLEX LNG Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Main Industry:** Liquefied Natural Gas (LNG) Transport **TOP 3 Markets:** 1. **Asia-Pacific:** approximately 45% 2. **Europe:** approximately 30% 3. **North America:** approximately 15% FLEX LNG Ltd. specializes in the transport of liquefied natural gas and generates the majority of its revenues...

At which locations are the company’s products manufactured?

**Production Sites:** No specific production sites, as FLEX LNG Ltd. does not manufacture physical products. FLEX LNG Ltd. is a company specializing in the transportation of liquefied natural gas (LNG). It owns and operates a fleet of LNG carriers, thus operating in the shipping and logistics secto...

What strategy does FLEX LNG pursue for future growth?

**Revenue Growth:** Estimated at 10-12% annually (2026, based on industry growth and company strategies) **Fleet Expansion:** Planned addition of 3-4 new LNG tankers by 2028 **Dividend Policy:** Maintaining an attractive dividend yield of approximately 8-9% (2026) FLEX LNG Ltd. is focusing on exp...

Which raw materials are imported and from which countries?

**Main commodity:** Liquefied Natural Gas (LNG) **Countries of origin:** Qatar, USA, Australia, Russia FLEX LNG Ltd. is a company specializing in the transportation of Liquefied Natural Gas (LNG). The main commodity imported by the company is LNG. The main countries of origin for LNG are Qatar, th...

How strong is the company’s competitive advantage?

**Market share in LNG transport:** 10% (estimated, 2026) **Fleet size:** 13 modern LNG tankers (2026) **Average age of the fleet:** 3 years (2026) FLEX LNG Ltd. has established itself as a significant player in the liquefied natural gas transport sector in recent years. The company's compe...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** approximately 40% (estimated, 2026) **Insider Buys/Sells:** No significant transactions in the last year (estimated, 2026) The institutional investor share in FLEX LNG Ltd. is estimated to be around 40%. This indicates that a significant portion of the shares are...

What percentage market share does FLEX LNG have?

**Market share of FLEX LNG Ltd.:** Estimated at around 5-7% in the LNG transportation sector (2026) **Major competitors and their market shares:** 1. **Mitsui O.S.K. Lines (MOL):** 15% 2. **Teekay LNG Partners:** 12% 3. **GasLog Ltd.:** 10% 4. **Golar LNG:** 8% 5. **Dynagas LNG Partners:** 6% 6. **...

Is FLEX LNG stock currently a good investment?

**Revenue Growth:** 10% (2025) **Net Profit Growth:** 8% (2025) **Dividend Yield:** 9% (2025) FLEX LNG Ltd. has experienced solid revenue growth of 10% in recent years, attributed to the increasing demand for liquefied natural gas and strategic expansion into new markets. The company has modernized...

Does FLEX LNG pay a dividend – and how reliable is the payout?

**Dividend Yield:** 8.5% (estimated for 2026) **Dividend History:** Stable payouts for several years FLEX LNG Ltd. has offered an attractive dividend yield in recent years, ranging from 8-9%. The company has a history of stable and regular dividend payments, indicating a reliable payout policy....

New support ticket

Explore

FLEX LNG Stock Value

FLEX LNG Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does FLEX LNG do?

FLEX LNG Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

FLEX LNG Stock Value

FLEX LNG Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does FLEX LNG do?

FLEX LNG Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.