Flex LNG Secures New Charter Agreement for Flex Aurora, Potentially Extending to 8 Years

Written by Emily J. Thompson, Senior Investment Analyst

Source: PRnewswire

Updated: Mar 25 2026

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FLNG-0.24%

Should l Buy FLNG?

Source: PRnewswire

New Charter Agreement: Flex LNG has signed a new two-year Time Charter Agreement with a Supermajor, with options to extend up to eight years, reflecting strong demand and confidence in the LNG shipping market.
Increased Contract Backlog: The new contract boosts Flex LNG's total contract backlog to a minimum of 55 years, potentially rising to 82 years if all options are exercised, significantly enhancing the company's revenue stability and growth prospects.
Market Dynamics Analysis: With the new contract in place, Flex Aurora will operate alongside other vessels in the currently firm spot market, expected to positively impact earnings in Q2 2026, showcasing the company's adaptability amid market volatility.
Cautious Future Outlook: Despite the positive implications of the new contract, Flex LNG remains vigilant regarding the high volatility in LNG shipping and energy markets, indicating potential revisions to its full-year guidance for 2026 to address uncertainties.

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Analyst Views on FLNG

Wall Street analysts forecast FLNG stock price to fall

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Hold

Current: 29.780

Low

26.70

Averages

26.70

High

26.70

Current: 29.780

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26.70

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26.70

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26.70

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About FLNG

FLEX LNG Ltd. is an owner and commercial operator of fuel efficient, fifth generation liquefied natural gas (LNG) carriers. The Company’s business is focused on the operation of its long-term charters for its fleet. It owns and operates about nine M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, and four Generation X Dual Fuel (X-DF) LNG carriers. The Company’s operating vessels include Flex Endeavour, Flex Enterprise, Flex Ranger, Flex Rainbow, Flex Constellation, Flex Courageous, Flex Aurora, Flex Amber, Flex Artemis, Flex Resolute, Flex Freedom, Flex Volunteer, and Flex Vigilant. Its subsidiaries include Flex LNG Chartering Limited, Flex LNG Management AS, Flex LNG Bermuda Management Limited, Flex LNG Management Limited, Flex LNG Fleet Limited, Flex LNG Endeavour Limited, Flex LNG Enterprise Limited, Flex Vigilant Limited, and others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

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