Key Highlights

  • The forward Dividend Yield is 11.17%, with the 20th consecutive dividend of USD 0.75 per share declared by the Board.
  • Management said the last 12 months dividend is USD 3 per share, across 20 consecutive USD 0.75 dividends.
  • Net income was USD 44.9 million, or USD 0.83 per share, for the second quarter of 2026.
  • Management said cash from operations was USD 63 million, up from USD 37 million in the first quarter.

FLEX LNG Ltd. (NYSE:FLNG) carries a forward dividend yield of 11.17%. The Board declared another dividend of USD 0.75 per share, which management said is the 20th consecutive dividend of USD 0.75 per share. Net Income was USD 44.9 million, or USD 0.83 per share, for the second quarter of 2026.

Dividend Program and Shareholder Returns

The Board declared another dividend of USD 0.75 per share, which management said is the 20th consecutive dividend of USD 0.75 per share. Management said the last 12 months dividend is USD 3 per share.

Management said each dividend is decided by the Board, and that with its balance sheet, cash position and contract backlog, the Board confirmed a dividend of USD 0.75 for the quarter. Future dividends are decided by the Board, which reassesses these factors, including the Backlog for open vessels. The trailing twelve month dividend yield is 11.17%, shown for information.

During the quarter, management said the company distributed USD 41 million to its shareholders and repaid USD 28 million in scheduled Debt installments.

About the Company

FLEX LNG Ltd. is an owner of LNG carriers with a fleet of 13 vessels. Management said the company completed all scheduled 5-year special surveys with the Flex Vigilant dry dock in June, the third and final dry docking for 2026. Management said there are no dry dockings in 2027 and the first 10-year docking commences in 2028.

Second-Quarter Earnings Lines

Management said the fleet average TCE during the quarter was USD 86,100 per day, and it was the second best quarter since the fourth quarter of 2021. Net income was USD 44.9 million, or USD 0.83 per share.

Management said adjusted net income, a non-GAAP measure that adjusts for non-cash items such as unrealized gains from the interest derivative portfolio, was USD 42.5 million, or USD 0.79 per share. Management booked USD 4.7 million in gains on Interest Rate derivatives, of which USD 2.3 million was realized and USD 2.4 million was unrealized.

Cash Flow, Cash Position and Balance Sheet

Management said Cash Flow from operations was USD 63 million, up from USD 37 million in the first quarter, and the net cash flow was USD 8 million in the quarter, resulting in a cash position of USD 397 million at quarter end.

Management said the first debt Maturity is in the first quarter of 2029 and the book Equity ratio is 27.4%.

Contract Backlog and Full-Year Guidance

Management said the company has 51 years of minimum firm backlog, which may grow to 78 years if all Options are declared. Flex Artemis and Flex Volunteer traded in the spot market in the second quarter and come open at the end of the third quarter.

Management guidance for the full year is revenues between USD 345 million and USD 370 million, TCE between USD 73,000 and USD 78,000 per day, adjusted EBITDA between USD 255 million and USD 280 million, and OpEx of USD 16,000 per day.

Outlook

FLEX LNG's 11.17% forward dividend yield and the USD 0.75 per share dividend are the dividend facts on record. Contract backlog, TCE rates, cash from operations, and the full-year guidance ranges are the relevant considerations.