Flex LNG (FLNG)
Market Price (8/13/2026): $29.63 | Market Cap: $1.6 BilSector: Energy | Industry: Oil & Gas Storage & Transportation
Flex LNG (FLNG)
Market Price (8/13/2026): $29.63Market Cap: $1.6 BilSector: EnergyIndustry: Oil & Gas Storage & Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 6.9% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 48% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% Low stock price volatilityVol 12M is 26% Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US LNG. | Weak multi-year price returns2Y Excs Rtn is -3.7%, 3Y Excs Rtn is -43% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 90% Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 14x Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -9.0% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.96 Key risksFLNG key risks include [1] a substantial portion of its fleet potentially being forced into a less favorable spot market by early 2026 due to uncertain contract renewals and declined options, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 15%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 11%, FCF Yield is 6.9% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 48% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 32%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 32% |
| Low stock price volatilityVol 12M is 26% |
| Megatrend and thematic driversMegatrends include US Energy Independence. Themes include US LNG. |
| Weak multi-year price returns2Y Excs Rtn is -3.7%, 3Y Excs Rtn is -43% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 90% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 14x |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.2%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -2.4%, Rev Chg QQuarterly Revenue Change % is -9.0% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 16.96 |
| Key risksFLNG key risks include [1] a substantial portion of its fleet potentially being forced into a less favorable spot market by early 2026 due to uncertain contract renewals and declined options, Show more. |
Qualitative Assessment
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Flex LNG (FLNG) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Negative Analyst Sentiment and Price Target Downgrades.
Flex LNG (FLNG) experienced a shift in analyst sentiment during the period, with several firms issuing "Sell" or "Strong Sell" ratings. For instance, in May 2026, Kepler Capital downgraded the stock to "Sell" and reduced its price target to $25.00 from $29.00, while Pareto also set a "Sell" rating with a $25.00 target around the same time. The consensus average 12-month price target by analysts sits around $25.00 to $25.88, indicating a potential downside of 12.12% to 18.94% from the stock's price in early August 2026. This bearish outlook suggests analysts believe the stock is likely to underperform the broader market.
2. Concerns Regarding Overvaluation.
The stock has faced concerns about being overvalued, contributing to its downward trend. As of August 11, 2026, GuruFocus estimated Flex LNG's fair value at $25.00, suggesting the stock was approximately 16.6% overvalued at its trading price of $29.15. Furthermore, the company's current P/E ratio of 20.8x is significantly higher than its 5-year median of 11.4x, indicating it is trading at a premium compared to its historical valuation. This perceived overvaluation, alongside headlines questioning the sustainability of its dividend yield around late fiscal Q2 2026, has likely pressured the stock.
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Flex LNG (FLNG) stock has lost about 5% since 4/30/2026 because of the following key factors:
1. Negative Analyst Sentiment and Price Target Downgrades.
Flex LNG (FLNG) experienced a shift in analyst sentiment during the period, with several firms issuing "Sell" or "Strong Sell" ratings. For instance, in May 2026, Kepler Capital downgraded the stock to "Sell" and reduced its price target to $25.00 from $29.00, while Pareto also set a "Sell" rating with a $25.00 target around the same time. The consensus average 12-month price target by analysts sits around $25.00 to $25.88, indicating a potential downside of 12.12% to 18.94% from the stock's price in early August 2026. This bearish outlook suggests analysts believe the stock is likely to underperform the broader market.
2. Concerns Regarding Overvaluation.
The stock has faced concerns about being overvalued, contributing to its downward trend. As of August 11, 2026, GuruFocus estimated Flex LNG's fair value at $25.00, suggesting the stock was approximately 16.6% overvalued at its trading price of $29.15. Furthermore, the company's current P/E ratio of 20.8x is significantly higher than its 5-year median of 11.4x, indicating it is trading at a premium compared to its historical valuation. This perceived overvaluation, alongside headlines questioning the sustainability of its dividend yield around late fiscal Q2 2026, has likely pressured the stock.
3. Geopolitical Disruptions and LNG Market Uncertainty.
Broader macroeconomic and geopolitical factors have introduced uncertainty into the LNG shipping market. The second quarter of fiscal year 2026 saw significant disruptions to shipping through the Strait of Hormuz due to Middle East conflicts, which led to a loss of approximately 20% of global liquefied natural gas (LNG) supply and distorted short-term gas market fundamentals. Although new liquefaction facilities in North America and lower Asian imports partially offset the reduced supply, these disruptions create a volatile environment. Additionally, the conflict is expected to delay the online commencement of new LNG capacity planned for the latter half of the decade, potentially impacting future demand for LNG carriers.
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Stock Movement Drivers
Fundamental Drivers
The -6.8% change in FLNG stock from 4/30/2026 to 8/12/2026 was primarily driven by a -7.7% change in the company's P/E Multiple.| (LTM values as of) | 4302026 | 8122026 | Change |
|---|---|---|---|
| Stock Price ($) | 31.64 | 29.50 | -6.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 348 | 340 | -2.3% |
| Net Income Margin (%) | 21.5% | 22.3% | 3.4% |
| P/E Multiple | 22.9 | 21.1 | -7.7% |
| Shares Outstanding (Mil) | 54 | 54 | 0.0% |
| Cumulative Contribution | -6.8% |
Market Drivers
4/30/2026 to 8/12/2026| Return | Correlation | |
|---|---|---|
| FLNG | -6.8% | |
| Market (SPY) | 7.5% | -23.8% |
| Sector (XLE) | 2.3% | 33.3% |
Fundamental Drivers
The 16.4% change in FLNG stock from 1/31/2026 to 8/12/2026 was primarily driven by a 51.7% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 8122026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.34 | 29.50 | 16.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 351 | 340 | -3.2% |
| Net Income Margin (%) | 28.1% | 22.3% | -20.7% |
| P/E Multiple | 13.9 | 21.1 | 51.7% |
| Shares Outstanding (Mil) | 54 | 54 | 0.0% |
| Cumulative Contribution | 16.4% |
Market Drivers
1/31/2026 to 8/12/2026| Return | Correlation | |
|---|---|---|
| FLNG | 16.4% | |
| Market (SPY) | 11.9% | -7.5% |
| Sector (XLE) | 20.3% | 21.6% |
Fundamental Drivers
The 31.3% change in FLNG stock from 7/31/2025 to 8/12/2026 was primarily driven by a 79.2% change in the company's P/E Multiple.| (LTM values as of) | 7312025 | 8122026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.47 | 29.50 | 31.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 355 | 340 | -4.2% |
| Net Income Margin (%) | 29.1% | 22.3% | -23.5% |
| P/E Multiple | 11.8 | 21.1 | 79.2% |
| Shares Outstanding (Mil) | 54 | 54 | 0.0% |
| Cumulative Contribution | 31.3% |
Market Drivers
7/31/2025 to 8/12/2026| Return | Correlation | |
|---|---|---|
| FLNG | 31.3% | |
| Market (SPY) | 23.3% | -5.1% |
| Sector (XLE) | 43.3% | 22.7% |
Fundamental Drivers
The 29.8% change in FLNG stock from 7/31/2023 to 8/12/2026 was primarily driven by a 227.3% change in the company's P/E Multiple.| (LTM values as of) | 7312023 | 8122026 | Change |
|---|---|---|---|
| Stock Price ($) | 22.73 | 29.50 | 29.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 348 | 340 | -2.4% |
| Net Income Margin (%) | 54.0% | 22.3% | -58.8% |
| P/E Multiple | 6.4 | 21.1 | 227.3% |
| Shares Outstanding (Mil) | 53 | 54 | -1.4% |
| Cumulative Contribution | 29.8% |
Market Drivers
7/31/2023 to 8/12/2026| Return | Correlation | |
|---|---|---|
| FLNG | 29.8% | |
| Market (SPY) | 74.7% | 19.8% |
| Sector (XLE) | 52.5% | 37.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FLNG Return | 202% | 56% | -1% | -12% | 22% | 23% | 522% |
| Peers Return | -13% | 52% | -12% | 43% | -36% | -2% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| FLNG Win Rate | 75% | 50% | 50% | 50% | 67% | 62% | |
| Peers Win Rate | 46% | 52% | 42% | 56% | 33% | 58% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FLNG Max Drawdown | -25% | -28% | -17% | -24% | -21% | -14% | |
| Peers Max Drawdown | -44% | -31% | -32% | -36% | -50% | -41% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GLNG, EE, NFE.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/12/2026 (YTD)
How Low Can It Go
| Event | FLNG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -15.5% | -18.8% |
| % Gain to Breakeven | 18.4% | 23.1% |
| Time to Breakeven | 21 days | 79 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -18.9% | -24.5% |
| % Gain to Breakeven | 23.3% | 32.4% |
| Time to Breakeven | 23 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -50.7% | -33.7% |
| % Gain to Breakeven | 103.0% | 50.9% |
| Time to Breakeven | 242 days | 140 days |
In The Past
Flex LNG's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
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Asset Allocation
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| Event | FLNG | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -50.7% | -33.7% |
| % Gain to Breakeven | 103.0% | 50.9% |
| Time to Breakeven | 242 days | 140 days |
In The Past
Flex LNG's stock fell -15.5% during the 2025 US Tariff Shock. Such a loss loss requires a 18.4% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Flex LNG (FLNG)
Flex LNG (FLNG) is a global shipping company specializing in the seaborne transportation of Liquefied Natural Gas (LNG). The company owns and operates a modern fleet of technically advanced LNG carriers, which are highly specialized vessels designed to safely and efficiently transport super-cooled natural gas across oceans to meet global energy demand.
The core business of Flex LNG involves chartering out its fleet of sophisticated LNG carriers to clients. This means the company provides its vessels, often along with their crews and management services, for a set period to energy companies, utility providers, or traders who need to move LNG from production facilities to consumption markets worldwide. As of early 2022, its fleet included nine M-type electronically controlled gas injection LNG carriers and four vessels featuring generation X dual fuel propulsion systems.
Flex LNG's primary customers are large energy companies, international utility providers, and commodity trading firms engaged in the global LNG supply chain. These clients utilize Flex LNG's fleet to facilitate the critical link between LNG liquefaction terminals, where natural gas is processed for transport, and regasification terminals, where it is converted back into gas for end-use. In essence, Flex LNG provides essential infrastructure for the international distribution and trade of natural gas.
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- Hertz for LNG carriers
- Prologis for floating natural gas infrastructure
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- Seaborne Transportation of LNG: Flex LNG provides worldwide transportation of liquefied natural gas using its fleet of LNG carriers.
- Chartering Services: The company offers its LNG carriers for charter to clients.
- Management Services: Flex LNG also provides management services for vessels.
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Flex LNG (FLNG) primarily serves other companies rather than individuals. Its major customers are large energy companies and LNG traders that charter its liquefied natural gas (LNG) carriers for seaborne transportation of LNG. Based on Flex LNG's public disclosures and charter agreements, its major customers include:
- Shell International Trading and Shipping Company Ltd. (part of Shell plc, symbol: SHEL)
- TotalEnergies Gas & Power Ltd. (part of TotalEnergies SE, symbol: TTE)
- Cheniere Marketing International LLP (part of Cheniere Energy, Inc., symbol: LNG)
- Eni S.p.A. (symbol: E)
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- HD Hyundai Co., Ltd. (009540.KS)
- Hanwha Ocean Co., Ltd. (042660.KS)
- Volkswagen AG (VOW.DE)
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H. Marius Foss, CEO & Chief Commercial Officer
H. Marius Foss was promoted to CEO in December 2025, after serving as Interim CEO since April 2025. He joined Flex LNG Management AS in August 2018. Prior to his current role, he served as Senior Vice President Head of Shipping at Golar Management Ltd and Cool Pool Ltd. Before Golar, Mr. Foss was the Chartering Manager of Frontline Management AS. He possesses over 25 years of experience in the shipping industry.
Knut Traaholt, Chief Financial Officer
Knut Traaholt joined Flex LNG Management AS as Chief Financial Officer in May 2021. He brings approximately 20 years of experience in international shipping, offshore, and E&P finance. His previous employment includes roles as Client Executive at Swedbank AB and Director at ABN AMRO Bank N.V., where he worked with major shipping and energy companies.
Naren Senaratne, Chief Accounting Officer
Naren Senaratne joined Flex LNG Management Ltd in September 2024 as Chief Accounting Officer. Before his tenure at Flex, he spent 13 years at EY, most recently as a Senior Manager at EY London, focusing on audits of US-listed companies, predominantly within the LNG shipping industry.
Jannicke Eilertsen, Head of Compliance
Jannicke Eilertsen serves as the Head of Compliance for Flex LNG Management AS. Her prior experience includes working as a Senior Associate in the Compliance and Investigations department at Advokatfirmaet Wiersholm, where she advised both private and public companies on cross-border matters related to anti-bribery and corruption, anti-money laundering, and sanctions. She also has experience from the FD&D department at Gard (UK) Ltd in London and as legal counsel at Rolls-Royce Marine AS.
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Key Risks to Flex LNG (FLNG)
- Exposure to the Cyclical and Volatile LNG Shipping Market: Flex LNG is heavily exposed to the highly cyclical and unpredictable LNG shipping market, where charter rates can fluctuate significantly and potentially fall below operating costs. This risk is exacerbated by a significant orderbook for new LNG carriers, which could lead to oversupply and softened spot charter rates if demand does not keep pace. Furthermore, the company faces increasing spot-market exposure as several long-term contracts are scheduled to end in early 2026.
- Increasing Environmental and Climate Change Regulations and Decarbonization Challenges: The company faces significant long-term risks from evolving environmental and climate regulations. Stricter emissions standards, such as the inclusion of shipping in the EU Emission Trading Scheme (EU ETS) from 2024 and the introduction of well-to-wake greenhouse gas (GHG) emission requirements through FuelEU Maritime from 2025, could impact operational costs, limit the commercial useful lives of LNG tankers, and influence demand for LNG downstream. The persistent issue of methane slip from LNG-powered vessels also presents a substantial technical challenge for achieving global decarbonization targets, with continued investment in LNG shipping increasingly viewed as conflicting with climate goals and creating potential financial risks due to overcapacity and stranded assets.
- High Customer Concentration: Flex LNG has a concentrated customer base, with four charterers accounting for 98.5% of its 2025 revenue. This high level of customer concentration poses a significant risk, as the financial distress or reduced demand from any of these major customers could have a material adverse effect on the company's business, results of operations, and financial condition.
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Rapid acceleration of the global energy transition away from fossil fuels, including natural gas, which could lead to a sooner-than-anticipated peak and subsequent decline in long-term demand for liquefied natural gas (LNG) transportation services.
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The addressable market for Flex LNG's main products and services, which primarily involve the seaborne transportation and chartering of liquefied natural gas (LNG) carriers, is the global LNG shipping market. This market is estimated to be approximately $100 billion annually, representing the total revenue generated by LNG shipping companies worldwide.
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Flex LNG (FLNG) is expected to experience future revenue growth over the next 2-3 years driven by several key factors within the liquefied natural gas (LNG) shipping market:
- Securing and Extending Long-Term Charter Agreements: Flex LNG has consistently focused on locking in long-term charter agreements for its fleet, providing stable and predictable revenue streams. For example, the company announced a 15-year time charter for the Flex Constellation, commencing in early 2026 and maturing in 2041, with an extension option until 2043. Additionally, amendments to existing time charter agreements for Flex Courageous and Flex Resolute added a new firm period from 2029 to 2032, with potential extensions until 2039. These agreements contribute to Flex LNG's substantial contract backlog, which stood at a minimum of 50 years as of February 2026 and could expand to 75-98 years with charterer options, ensuring significant earnings visibility.
- Growing Global LNG Demand and New Liquefaction Capacity: The increasing global demand for natural gas, particularly in Europe and Asia, and the ongoing development of new liquefaction capacity are significant tailwinds for LNG shipping. The "third wave of LNG" is expected to add over 200 million tons per annum (MTPA) in new capacity, creating substantial additional shipping demand in the coming years. ExxonMobil projects global natural gas demand to increase by more than 20% from 2024 to 2050, driven by rising electricity demand in emerging markets and the transition away from coal, directly benefiting LNG transportation companies like Flex LNG.
- Modern and Fuel-Efficient Fleet: Flex LNG operates a modern fleet of thirteen LNG carriers equipped with state-of-the-art MEGI and X-DF two-stroke propulsion systems. These vessels are designed for maximum fuel efficiency and lower emissions compared to older ships, making them highly attractive for long-haul trades and aligning with charterers' increasing focus on environmental performance and cost reduction. This modern and efficient fleet positions Flex LNG favorably to secure desirable contracts and potentially command better rates as the industry prioritizes greener shipping solutions.
- Scrapping of Older, Less Efficient Vessels: The LNG shipping market is experiencing a "record" high in the scrapping of older, less fuel-efficient vessels, particularly steam turbine carriers. This trend is expected to continue as approximately 30 vessels in the global fleet are over 25 years old and another 45 are over 20 years old, with little demand for older steam turbine tonnage. The removal of these less competitive ships from the market helps reduce overall fleet oversupply and increases demand for the modern, efficient vessels that comprise Flex LNG's fleet, thereby supporting charter rates and utilization.
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Share Repurchases
- In August 2025, Flex LNG authorized a share buyback program to repurchase up to $15 million of its outstanding shares, with a maximum limit of 900,000 shares, through November 27, 2025.
- In August 2021, the company repurchased 80,000 of its common stocks on the Oslo Stock Exchange at an average price of NOK 128.07 per share, as part of a program announced in November 2020. This equated to approximately $1.16 million (using an average exchange rate of 0.113 USD/NOK for August 2021).
- While Flex LNG aims to distribute surplus cash to shareholders preferably as dividends, potentially combined with share buybacks, the share repurchase program and ATM program were not renewed as of November 2025, though similar programs may be reinstated.
Share Issuance
- In November 2025, the Board of Directors authorized the extension of its Dividend Reinvestment Plan (DRIP), enabling shareholders to invest cash dividends in new ordinary shares.
- In connection with the company's reorganization of its share capital approved at the 2024 Annual General Meeting, the par value of shares was reduced from USD 0.1 to USD 0.01 per share.
Capital Expenditures
- Flex LNG completed four scheduled drydockings in 2025, with an average cost per docking estimated around $5.6 million per vessel.
- The company anticipates three scheduled drydockings in 2026, which are expected to impact its financial outlook.
- Flex LNG's fleet of thirteen modern LNG carriers was delivered as newbuilds between 2018 and 2021, indicating that significant capital expenditures for new vessels largely occurred prior to or at the beginning of the last 3-5 year period. The company highlights limited capital expenditure liabilities, with no debt maturing prior to 2029.
Peer Outperformance in Oil & Gas Storage & Transportation
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| FLNG | Flex LNG | -2.4% | 21.1x | 29.9% | 27.9% | 246.0% | — |
| TRGP | Targa Resources | -1.9% | 25.4x | 63.3% | 237.5% | 579.5% | +333pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Oil & Gas Refining & Marketing | 11 | 107.0% | 110.1% | 322.1% | PBF 791% · MPC 563% · VLO 482% |
| Oil & Gas Storage & Transportation ← | 23 | 33.8% | 108.2% | 246.0% | INSW 828% · TNK 743% · LPG 705% |
| Integrated Oil & Gas | 7 | 44.0% | 57.9% | 233.1% | IMO 442% · CVE 317% · SU 314% |
| Coal & Consumable Fuels | 14 | 25.5% | 56.0% | 171.5% | EU 1284% · LEU 700% · CCJ 499% |
| Oil & Gas Equipment & Services | 35 | 65.4% | 41.6% | 138.9% | FTI 1015% · SEI 859% · TDW 714% |
| Oil & Gas Drilling | 8 | 78.5% | -2.8% | 116.4% | VAL 232% · BORR 226% · PDS 165% |
| Oil & Gas Exploration & Production | 51 | 21.7% | 1.7% | 107.0% | KGEI 9544% · OBE 6287% · EP 2613% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| How Low Can Flex LNG Stock Really Go? | 10/17/2025 | |
| FLNG Dip Buy Analysis | 07/10/2025 | |
| Should You Buy Flex LNG Stock? | 05/16/2025 | |
| Flex LNG (FLNG) Valuation Ratios Comparison | 05/15/2025 | |
| Flex LNG Total Shareholder Return (TSR): 0.2% in 2024 and 25.0% 3-yr compounded annual returns (above peer average) | 03/07/2025 | |
| Flex LNG (FLNG) Operating Cash Flow Comparison | 02/17/2025 | |
| Flex LNG (FLNG) Net Income Comparison | 02/15/2025 | |
| Flex LNG (FLNG) Operating Income Comparison | 02/14/2025 | |
| Flex LNG (FLNG) Revenue Comparison | 02/13/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 32.62 |
| Mkt Cap | 1.4 |
| Rev LTM | 870 |
| Op Inc LTM | 177 |
| FCF LTM | -183 |
| FCF 3Y Avg | -52 |
| CFO LTM | 252 |
| CFO 3Y Avg | 235 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 22.4% |
| Rev Chg 3Y Avg | -0.2% |
| Rev Chg Q | 31.9% |
| QoQ Delta Rev Chg LTM | 5.0% |
| Op Inc Chg LTM | -15.7% |
| Op Inc Chg 3Y Avg | -9.0% |
| Op Mgn LTM | 31.5% |
| Op Mgn 3Y Avg | 23.6% |
| QoQ Delta Op Mgn LTM | -0.5% |
| CFO/Rev LTM | 29.6% |
| CFO/Rev 3Y Avg | 39.0% |
| FCF/Rev LTM | -33.2% |
| FCF/Rev 3Y Avg | -28.4% |
Price Behavior
| Market Price | $29.50 | |
| Market Cap ($ Bil) | 1.6 | |
| First Trading Date | 03/20/2018 | |
| Distance from 52W High | -9.1% | |
| 50 Days | 200 Days | |
| DMA Price | $30.28 | $27.73 |
| DMA Trend | up | down |
| Distance from DMA | -2.6% | 6.4% |
| 3M | 1YR | |
| Volatility | 28.4% | 26.3% |
| Downside Capture | -28.08 | -41.49 |
| Upside Capture | -43.23 | -1.87 |
| Correlation (SPY) | -23.7% | -5.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.21 | -0.43 | -0.53 | -0.14 | -0.09 | 0.35 |
| Up Beta | -0.73 | -0.94 | -0.80 | -0.40 | -0.02 | 0.55 |
| Down Beta | 0.51 | -0.17 | -0.22 | 0.16 | 0.17 | 0.52 |
| Up Capture | 50% | -22% | -46% | 9% | 1% | 4% |
| Bmk +ve Days | 11 | 22 | 35 | 67 | 138 | 427 |
| Stock +ve Days | 15 | 24 | 34 | 69 | 133 | 394 |
| Down Capture | -122% | -58% | -69% | -51% | -74% | 17% |
| Bmk -ve Days | 11 | 21 | 28 | 59 | 114 | 326 |
| Stock -ve Days | 7 | 19 | 29 | 55 | 117 | 352 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLNG | |
|---|---|---|---|---|
| FLNG | 30.4% | 26.3% | 0.98 | - |
| Sector ETF (XLE) | 48.6% | 21.6% | 1.74 | 22.6% |
| Equity (SPY) | 22.6% | 12.8% | 1.32 | -5.8% |
| Gold (GLD) | 31.4% | 28.4% | 0.95 | -11.3% |
| Commodities (DBC) | 37.9% | 20.1% | 1.48 | 15.3% |
| Real Estate (VNQ) | 14.3% | 13.8% | 0.73 | 16.8% |
| Bitcoin (BTCUSD) | -46.5% | 42.9% | -1.33 | 6.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLNG | |
|---|---|---|---|---|
| FLNG | 31.4% | 39.2% | 0.80 | - |
| Sector ETF (XLE) | 24.6% | 25.8% | 0.84 | 37.6% |
| Equity (SPY) | 13.4% | 17.2% | 0.60 | 26.2% |
| Gold (GLD) | 19.0% | 18.6% | 0.83 | 6.3% |
| Commodities (DBC) | 9.8% | 19.6% | 0.39 | 26.8% |
| Real Estate (VNQ) | 2.2% | 18.9% | 0.01 | 20.8% |
| Bitcoin (BTCUSD) | 9.9% | 52.8% | 0.37 | 16.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FLNG | |
|---|---|---|---|---|
| FLNG | 17.8% | 47.0% | 0.66 | - |
| Sector ETF (XLE) | 10.7% | 29.6% | 0.40 | 40.2% |
| Equity (SPY) | 15.4% | 17.9% | 0.73 | 34.5% |
| Gold (GLD) | 12.0% | 16.2% | 0.61 | 6.5% |
| Commodities (DBC) | 8.0% | 18.0% | 0.36 | 26.7% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 27.4% |
| Bitcoin (BTCUSD) | 60.9% | 66.1% | 1.01 | 13.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/3/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 6-K |
| 12/31/2025 | 02/27/2026 | 20-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/20/2025 | 6-K |
| 03/31/2025 | 05/21/2025 | 6-K |
| 12/31/2024 | 02/28/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/23/2024 | 6-K |
| 12/31/2023 | 03/05/2024 | 20-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/16/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 6-K |
| 12/31/2022 | 03/10/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| 06/30/2022 | 08/25/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 6-K |
| 12/31/2025 | 02/27/2026 | 20-F |
| 09/30/2025 | 11/12/2025 | 6-K |
| 06/30/2025 | 08/20/2025 | 6-K |
| 03/31/2025 | 05/21/2025 | 6-K |
| 12/31/2024 | 02/28/2025 | 20-F |
| 09/30/2024 | 11/12/2024 | 6-K |
| 06/30/2024 | 08/14/2024 | 6-K |
| 03/31/2024 | 05/23/2024 | 6-K |
| 12/31/2023 | 03/05/2024 | 20-F |
| 09/30/2023 | 11/08/2023 | 6-K |
| 06/30/2023 | 08/16/2023 | 6-K |
| 03/31/2023 | 05/16/2023 | 6-K |
| 12/31/2022 | 03/10/2023 | 20-F |
| 09/30/2022 | 11/15/2022 | 6-K |
| 06/30/2022 | 08/25/2022 | 6-K |
| 03/31/2022 | 05/12/2022 | 6-K |
| 12/31/2021 | 03/17/2022 | 20-F |
| 09/30/2021 | 11/19/2021 | 6-K |
| 06/30/2021 | 09/03/2021 | 6-K |
| 03/31/2021 | 05/21/2021 | 6-K |
| 12/31/2020 | 03/17/2021 | 20-F |
| 09/30/2020 | 11/23/2020 | 6-K |
| 06/30/2020 | 09/16/2020 | 6-K |
| 03/31/2020 | 05/29/2020 | 6-K |
| 12/31/2019 | 04/17/2020 | 20-F |
Flex LNG — Investor Video Playlist






Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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