Flex LNG (FLNG)


Market Price (7/24/2026): $30.6 | Market Cap: $1.7 BilSector: Energy | Industry: Oil & Gas Storage & Transportation

Flex LNG (FLNG)


Market Price (7/24/2026): $30.6
Market Cap: $1.7 Bil
Sector: Energy
Industry: Oil & Gas Storage & Transportation

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.9%, FCF Yield is 6.6%

Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 48%

Attractive cash flow generation
CFO/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 volatility
Vol 12M is 27%

Megatrend and thematic drivers
Megatrends include US Energy Independence. Themes include US LNG.

Trading close to highs
Dist 52W High is -4.6%, Dist 3Y High is -4.6%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86%

Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x

Weak revenue growth
Rev 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%

Key risks
FLNG 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.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 9.7%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 9.9%, FCF Yield is 6.6%
1 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 48%
2 Attractive cash flow generation
CFO/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%
3 Low stock price volatility
Vol 12M is 27%
4 Megatrend and thematic drivers
Megatrends include US Energy Independence. Themes include US LNG.
5 Trading close to highs
Dist 52W High is -4.6%, Dist 3Y High is -4.6%
6 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 86%
7 Expensive valuation multiples
P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x
8 Weak revenue growth
Rev 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%
9 Key risks
FLNG 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.

FLNG in ETFs

Weight = FLNG's share of each fund

VYM0.00%
VTWO0.03%

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

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Updated on 7/7/2026

Flex LNG (FLNG) stock has gained about 5% since 3/31/2026 because of the following key factors:

1. Upward Revision of Full-Year Fiscal 2026 Revenue Guidance. Flex LNG increased its full-year fiscal 2026 revenue guidance by approximately 10%, from previous forecasts, to a range of $345 million to $370 million, driven by stronger LNG spot shipping rates. This company-specific update provided a positive outlook on the company's financial performance.

2. Strengthening of Contract Backlog with New and Extended Charters. The company expanded its contract backlog by securing new and extended time charters for several vessels, including a new charter for Flex Aurora and extensions for Flex Resolute and Flex Courageous through at least Q1 2032 with further options. This boosted the total contract backlog to a minimum of 55 vessel-years, with a potential to reach 82 vessel-years if all options are exercised, enhancing revenue visibility and stability.

Show more
Updated on 7/7/2026

Flex LNG (FLNG) stock has gained about 5% since 3/31/2026 because of the following key factors:

1. Upward Revision of Full-Year Fiscal 2026 Revenue Guidance. Flex LNG increased its full-year fiscal 2026 revenue guidance by approximately 10%, from previous forecasts, to a range of $345 million to $370 million, driven by stronger LNG spot shipping rates. This company-specific update provided a positive outlook on the company's financial performance.

2. Strengthening of Contract Backlog with New and Extended Charters. The company expanded its contract backlog by securing new and extended time charters for several vessels, including a new charter for Flex Aurora and extensions for Flex Resolute and Flex Courageous through at least Q1 2032 with further options. This boosted the total contract backlog to a minimum of 55 vessel-years, with a potential to reach 82 vessel-years if all options are exercised, enhancing revenue visibility and stability.

3. Elevated LNG Shipping Rates Amid Geopolitical Disruptions. Macroeconomic factors, specifically ongoing geopolitical disruptions in the Middle East and the partial closure of the Strait of Hormuz, led to a significant increase in LNG spot shipping rates. While Q1 2026 saw seasonally lower Time Charter Equivalent (TCE) rates of $65,729 per day, the subsequent surge in spot rates (reaching over $250,000 per day at their peak, and around $85,000 per day by May 2026) positively impacted the company's earnings potential and outlook for Q2 2026 and beyond.

4. Sustained Attractive Dividend Yield. Flex LNG maintained its quarterly dividend of $0.75 per share, with the Q1 2026 dividend payable on or about June 11, 2026. This consistent payout translates to an annual dividend yield of approximately 9.87% to 10.03%, making the stock appealing to income-focused investors and providing support for its valuation.

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Stock Movement Drivers

Fundamental Drivers

The 6.8% change in FLNG stock from 3/31/2026 to 7/23/2026 was primarily driven by a 5.7% change in the company's P/E Multiple.
(LTM values as of)33120267232026Change
Stock Price ($)28.9930.966.8%
Change Contribution By: 
Total Revenues ($ Mil)348340-2.3%
Net Income Margin (%)21.5%22.3%3.4%
P/E Multiple21.022.25.7%
Shares Outstanding (Mil)54540.0%
Cumulative Contribution6.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/23/2026
ReturnCorrelation
FLNG6.8% 
Market (SPY)13.5%-14.0%
Sector (XLE)-3.1%34.4%

Fundamental Drivers

The 30.8% change in FLNG stock from 12/31/2025 to 7/23/2026 was primarily driven by a 70.4% change in the company's P/E Multiple.
(LTM values as of)123120257232026Change
Stock Price ($)23.6830.9630.8%
Change Contribution By: 
Total Revenues ($ Mil)351340-3.2%
Net Income Margin (%)28.1%22.3%-20.7%
P/E Multiple13.022.270.4%
Shares Outstanding (Mil)54540.0%
Cumulative Contribution30.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/23/2026
ReturnCorrelation
FLNG30.8% 
Market (SPY)8.5%-5.3%
Sector (XLE)33.7%21.0%

Fundamental Drivers

The 57.1% change in FLNG stock from 6/30/2025 to 7/23/2026 was primarily driven by a 114.5% change in the company's P/E Multiple.
(LTM values as of)63020257232026Change
Stock Price ($)19.7030.9657.1%
Change Contribution By: 
Total Revenues ($ Mil)355340-4.2%
Net Income Margin (%)29.1%22.3%-23.5%
P/E Multiple10.322.2114.5%
Shares Outstanding (Mil)54540.0%
Cumulative Contribution57.1%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/23/2026
ReturnCorrelation
FLNG57.1% 
Market (SPY)20.5%-4.0%
Sector (XLE)43.4%26.2%

Fundamental Drivers

The 42.0% change in FLNG stock from 6/30/2023 to 7/23/2026 was primarily driven by a 258.0% change in the company's P/E Multiple.
(LTM values as of)63020237232026Change
Stock Price ($)21.8130.9642.0%
Change Contribution By: 
Total Revenues ($ Mil)348340-2.4%
Net Income Margin (%)54.0%22.3%-58.8%
P/E Multiple6.222.2258.0%
Shares Outstanding (Mil)5354-1.4%
Cumulative Contribution42.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/23/2026
ReturnCorrelation
FLNG42.0% 
Market (SPY)72.4%20.8%
Sector (XLE)59.9%38.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FLNG Return202%56%-1%-12%22%30%558%
Peers Return-13%52%-12%43%-36%2%8%
S&P 500 Return27%-19%24%23%16%10%100%

Monthly Win Rates [3]
FLNG Win Rate75%50%50%50%67%71% 
Peers Win Rate46%52%42%56%33%57% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
FLNG Max Drawdown-25%-28%-17%-24%-21%-14% 
Peers Max Drawdown-44%-31%-32%-36%-50%-40% 
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 7/23/2026 (YTD)

How Low Can It Go

EventFLNGS&P 500
2025 US Tariff Shock
  % Loss-15.5%-18.8%
  % Gain to Breakeven18.4%23.1%
  Time to Breakeven21 days79 days
2022 Inflation Shock & Fed Tightening
  % Loss-18.9%-24.5%
  % Gain to Breakeven23.3%32.4%
  Time to Breakeven23 days427 days
2020 COVID-19 Crash
  % Loss-50.7%-33.7%
  % Gain to Breakeven103.0%50.9%
  Time to Breakeven242 days140 days

Compare to GLNG, EE, NFE

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

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EventFLNGS&P 500
2020 COVID-19 Crash
  % Loss-50.7%-33.7%
  % Gain to Breakeven103.0%50.9%
  Time to Breakeven242 days140 days

Compare to GLNG, EE, NFE

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)

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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)

  1. 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.
  2. 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.
  3. 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:

  1. 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.
  2. 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.
  3. 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.
  4. 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.

Better Bets vs. Flex LNG (FLNG)

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FLNGGLNGEENFEMedian
NameFlex LNG Golar LNGExcelera.New Fort. 
Mkt Price30.9649.8339.680.3435.32
Mkt Cap1.75.11.30.11.5
Rev LTM3404691,3471,260865
Op Inc LTM163192313-275177
FCF LTM110-391221-1,242-140
FCF 3Y Avg158-263117-1,590-73
CFO LTM110443366-695238
CFO 3Y Avg158313317173243

Growth & Margins

FLNGGLNGEENFEMedian
NameFlex LNG Golar LNGExcelera.New Fort. 
Rev Chg LTM-4.2%81.7%39.3%-41.1%17.6%
Rev Chg 3Y Avg-2.4%26.2%-7.2%-17.7%-4.8%
Rev Chg Q-9.0%120.1%37.6%-51.9%14.3%
QoQ Delta Rev Chg LTM-2.3%19.1%9.6%-16.3%3.7%
Op Inc Chg LTM-15.7%-31.0%-173.4%-15.7%
Op Inc Chg 3Y Avg-9.0%-16.5%-77.2%-9.0%
Op Mgn LTM47.9%41.0%23.3%-21.8%32.1%
Op Mgn 3Y Avg53.5%-22.0%10.8%22.0%
QoQ Delta Op Mgn LTM-2.7%8.0%-1.2%-10.8%-1.9%
CFO/Rev LTM32.5%94.6%27.2%-55.1%29.8%
CFO/Rev 3Y Avg44.4%93.9%27.9%-1.0%36.1%
FCF/Rev LTM32.5%-83.3%16.4%-98.5%-33.5%
FCF/Rev 3Y Avg44.4%-74.8%10.3%-82.5%-32.2%

Valuation

FLNGGLNGEENFEMedian
NameFlex LNG Golar LNGExcelera.New Fort. 
Mkt Cap1.75.11.30.11.5
P/S4.910.80.90.12.9
P/Op Inc10.326.44.1-0.47.2
P/EBIT10.119.04.2-0.17.1
P/E22.236.031.7-0.026.9
P/CFO15.211.43.5-0.17.5
Total Yield14.2%8.9%6.4%-2,104.2%7.6%
Dividend Yield9.7%6.1%3.2%0.0%4.7%
FCF Yield 3Y Avg11.7%-6.4%10.9%-459.7%2.2%
D/E1.10.51.188.31.1
Net D/E0.90.30.787.30.8

Returns

FLNGGLNGEENFEMedian
NameFlex LNG Golar LNGExcelera.New Fort. 
1M Rtn0.2%-2.7%10.0%-11.7%-1.2%
3M Rtn2.2%-4.9%19.4%-46.4%-1.4%
6M Rtn22.3%24.4%13.9%-80.3%18.1%
12M Rtn48.9%25.5%62.3%-91.2%37.2%
3Y Rtn41.7%129.6%95.8%-98.8%68.8%
1M Excs Rtn-----
3M Excs Rtn-----
6M Excs Rtn-----
12M Excs Rtn-----
3Y Excs Rtn-----

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single segment348356   
Vessel operating revenues  371348343
Total348356371348343


Price Behavior

Price Behavior
Market Price$30.96 
Market Cap ($ Bil)1.7 
First Trading Date03/20/2018 
Distance from 52W High-4.6% 
   50 Days200 Days
DMA Price$30.41$27.20
DMA Trendupindeterminate
Distance from DMA1.8%13.8%
 3M1YR
Volatility29.2%26.7%
Downside Capture-65.60-56.75
Upside Capture-42.851.57
Correlation (SPY)-22.1%-3.6%
FLNG Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.55-0.62-0.28-0.12-0.100.36
Up Beta-0.88-0.72-0.16-0.240.090.56
Down Beta-0.72-0.51-0.400.260.240.51
Up Capture-76%-83%-23%1%-4%5%
Bmk +ve Days11244067140429
Stock +ve Days9193167131390
Down Capture-10%-34%-41%-59%-91%26%
Bmk -ve Days10172358112321
Stock -ve Days12223256119354

[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
FLNG50.7%26.7%1.51-
Sector ETF (XLE)42.5%20.9%1.5925.7%
Equity (SPY)18.5%12.7%1.06-4.0%
Gold (GLD)17.6%28.1%0.57-9.9%
Commodities (DBC)35.2%19.1%1.4516.2%
Real Estate (VNQ)11.6%13.9%0.5517.4%
Bitcoin (BTCUSD)-45.1%42.9%-1.287.1%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FLNG
FLNG31.3%39.2%0.80-
Sector ETF (XLE)23.1%25.9%0.7938.1%
Equity (SPY)12.6%17.1%0.5726.6%
Gold (GLD)16.8%18.4%0.746.7%
Commodities (DBC)9.8%19.5%0.3927.2%
Real Estate (VNQ)2.6%18.9%0.0320.9%
Bitcoin (BTCUSD)15.8%53.4%0.4716.5%

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
FLNG18.4%47.2%0.68-
Sector ETF (XLE)9.9%29.5%0.3740.4%
Equity (SPY)14.9%17.9%0.7134.7%
Gold (GLD)11.2%16.1%0.576.7%
Commodities (DBC)7.4%17.9%0.3326.9%
Real Estate (VNQ)4.9%20.7%0.2027.4%
Bitcoin (BTCUSD)58.7%66.2%0.9913.1%

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Short Interest

Short Interest: As Of Date6302026
Short Interest: Shares Quantity4.1 Mil
Short Interest: % Change Since 6152026-4.0%
Average Daily Volume0.5 Mil
Days-to-Cover Short Interest8.3 days
Basic Shares Quantity54.1 Mil
Short % of Basic Shares7.6%

Returns Analyses

Earnings Returns History

Updated 6/3/2026
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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
SUMMARY STATS   
# Positive000
# Negative000
Median Positive   
Median Negative   
Max Positive   
Max Negative   

SEC Filings

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Report DateFiling DateFiling
03/31/202605/13/20266-K
12/31/202502/27/202620-F
09/30/202511/12/20256-K
06/30/202508/20/20256-K
03/31/202505/21/20256-K
12/31/202402/28/202520-F
09/30/202411/12/20246-K
06/30/202408/14/20246-K
03/31/202405/23/20246-K
12/31/202303/05/202420-F
09/30/202311/08/20236-K
06/30/202308/16/20236-K
03/31/202305/16/20236-K
12/31/202203/10/202320-F
09/30/202211/15/20226-K
06/30/202208/25/20226-K
Collapse to Preview
Report DateFiling DateFiling
03/31/202605/13/20266-K
12/31/202502/27/202620-F
09/30/202511/12/20256-K
06/30/202508/20/20256-K
03/31/202505/21/20256-K
12/31/202402/28/202520-F
09/30/202411/12/20246-K
06/30/202408/14/20246-K
03/31/202405/23/20246-K
12/31/202303/05/202420-F
09/30/202311/08/20236-K
06/30/202308/16/20236-K
03/31/202305/16/20236-K
12/31/202203/10/202320-F
09/30/202211/15/20226-K
06/30/202208/25/20226-K
03/31/202205/12/20226-K
12/31/202103/17/202220-F
09/30/202111/19/20216-K
06/30/202109/03/20216-K
03/31/202105/21/20216-K
12/31/202003/17/202120-F
09/30/202011/23/20206-K
06/30/202009/16/20206-K
03/31/202005/29/20206-K
12/31/201904/17/202020-F
Core Cache Last Updated: 7/23/2026