EarningsQ2 2026 Earnings Report
DE:0QQA Q2 2026 EPS Results
Actual EPS€0.70
Consensus EPS€0.56
Beat/MissBeat by +€0.15
One Year Ago EPS€0.41
DE:0QQA Q2 2026 Revenue Results
Actual Revenue€95.31M
Expected Revenue€83.47M
Beat/MissBeat by +€11.84M
YoY Revenue Growth+24.21%
Earnings Announcement Details
QuarterQ2 2026
Date08/19/2026
TimeBefore Open
Conference CallWednesday, August 19, 2026
DE:0QQA Upcoming Earnings
FLEX LNG's next earnings date is estimated for November 11, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:0QQA Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: a very strong Q2 with improved revenues, higher TCEs, robust cash generation, solid liquidity and continued dividend payments. Management maintained full-year guidance and highlighted long-term supportive demand fundamentals driven by U.S. export growth and healthy contracting pipelines. Key risks include elevated geopolitical disruption in the Middle East (impacting routing, insurance and OpEx), recent softening of the spot market due to increased vessel availability and a large newbuilding orderbook, and some near-term exposure from two vessels returning to the spot market. On balance, the positive results, balance-sheet strength, and backlog/contract coverage outweigh the headwinds discussed.Company Guidance
Strong second-quarter financial results
Revenues of $106.8M ($102.7M excl. EUAs); fleet average TCE of $86,100/day; net income of $44.9M (EPS $0.83); adjusted net income $42.5M (adj EPS $0.79). Management noted adjusted net income was more than double the first quarter.
Maintained full-year guidance and robust adjusted EBITDA outlook
Full-year revenue guidance maintained at $345M–$370M; full-year TCE guidance $73,000–$78,000/day; adjusted EBITDA guidance $255M–$280M.
Strong cash generation and liquidity position
Operating cash flow of $63M (up from $37M in Q1); ending cash balance $397M; net cash flow $8M for the quarter; $28M in scheduled debt repayments executed during quarter.
Dividend continuity and shareholder returns
Board declared quarterly dividend of $0.75/share (20th consecutive); last 12 months dividends $3.00/share implying ~9.7% yield; ~ $850M distributed to shareholders since 2021 (including specials).
Contract backlog and coverage
Minimum firm backlog equivalent to 51 years, potentially 78 years if options exercised; near-term coverage ~89% of remaining available days in 2026, supporting revenue visibility.
Fleet readiness and controlled dry-docking program
Completed all scheduled 5-year special surveys for fleet of 13 vessels; average cost per 5-year dry-dock ~ $6M per vessel and average 17 days in dock; no dry-docks scheduled for 2027, first 10-year docking in 2028.
Hedging and financing improvements
Interest rate derivative gains of $4.7M (realized $2.3M, unrealized $2.4M); swap portfolio value $22M, notional $775M, average fixed rate 2.46%; hedge ratio ~70% into mid-next year; interest expense improving via lower loan margins and RCF management.
Positive structural market signals
Global LNG trade broadly flat YTD (down <1%); strong U.S. export growth up ~23% (~14M tonnes) and liquefaction capacity growth ~14M tonnes YOY; export capacity utilization (ex-Qatar) ~96% in July; healthy LNG contracting and projects reaching FID supporting long-term demand and ton-mile fundamentals.
DE:0QQA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed