Flex LNG Q2 Net Income Hits $44.9M as Spot Rates Surge
Hamilton – October 29, 2026 -- Flex LNG Ltd. reported second-quarter 2026 vessel operating revenues of $106.8 million, up from $80.5 million in the first quarter, and net income of $44.9 million, compared with $19.5 million in the prior quarter.
Basic earnings per share reached $0.83 (Q1: $0.36). Adjusted EBITDA rose to $79.0 million from $53.2 million, while adjusted net income climbed to $42.5 million from $16.9 million. Adjusted basic EPS came in at $0.79 versus $0.31, an increase of 155%.
Spot exposure on two vessels lifts average TCE to $86,119 per day
The average Time Charter Equivalent rate rose to $86,119 per day from $65,729 in the first quarter. Revenue excluding EU Allowances was $102.7 million, the company's highest quarterly revenue since the fourth quarter of 2021.