Flex LNG Reports Strongest Third Quarter Results on Record

Flex LNG Ltd. announced its unaudited financial results for the quarter ended September 30, 2026.

Highlights: * Vessel operating revenues of $97.4 million for the third quarter 2026, compared to 106.8 million for the second quarter 2026. * Net income of $42.8 million and basic earnings per share of $0.79 for the third quarter 2026, compared to net income of $44.9 million and basic earnings per share of $0.83 for the second quarter 2026. * Average Time Charter Equivalent (“TCE”) rate of $78,875 per day for the third quarter 2026, compared to $86,119 per day for the second quarter 2026. * Adjusted EBITDA of $72.1 million for the third quarter 2026, compared to $79.0 million for the second quarter 2026. * Adjusted net income of $35.0 million for the third quarter 2026, compared to $42.5 million for the second quarter 2026. * Adjusted basic earnings per share of $0.65 for the third quarter 2026, compared to $0.79 for the second quarter 2026. * The Company declared a dividend for the third quarter 2026 of $0.75 per share. The dividend is payable on or about December 10, 2026 to shareholders, on record as of November 27, 2026.

Marius Foss, CEO of Flex LNG Management AS, commented: “We are Flexcited to present our strongest third quarter revenues ever. Our fleet sailed in revenues of $97.4 million, or $95.2 million excluding EUAs. Fleet-wide TCE earnings were close to $79,000 per day. Adjusted EBITDA was $72.1 million, while adjusted net income of $35.0 million resulted in adjusted earnings of $0.65 per share. Flex Volunteer and Flex Artemis continued to contribute to the quarterly results with solid rates from their spot charters. Both these vessels are being marketed for long-term charters and will continue trading in the spot and short-term markets until suitable long-term employment is secured.

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