Flex LNG Signs New Charter Agreement for Flex Aurora with Potential 8-Year Term
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
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Should l Buy FLNG?
Source: Newsfilter
- New Charter Agreement: Flex LNG has signed a new Time Charter Agreement for Flex Aurora with a Supermajor, establishing a minimum two-year term that can extend to 2034 if all options are exercised, reflecting strong demand and client confidence in the LNG shipping market.
- Increased Contract Backlog: This new contract boosts Flex LNG's total contract backlog to a minimum of 55 years, potentially rising to 82 years if all options are taken, significantly enhancing the company's long-term revenue stability and competitive position.
- Positive Market Dynamics: CEO Marius Foss highlighted favorable dynamics in the LNG shipping spot market, which are expected to positively impact earnings in Q2 2026, indicating the company's ability to maintain profitability amid volatile energy markets.
- Ongoing Market Monitoring: Despite the positive implications of the new contract, Flex LNG is closely monitoring market developments to navigate the high volatility in energy markets, ensuring strategic flexibility and adaptability for the company.
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Analyst Views on FLNG
Wall Street analysts forecast FLNG stock price to fall
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 30.370
Low
26.70
Averages
26.70
High
26.70
Current: 30.370
Low
26.70
Averages
26.70
High
26.70
No data
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.
Flex LNG Signs New Charter Agreement for Flex Aurora with Potential 8-Year Term
- New Charter Agreement: Flex LNG has signed a new Time Charter Agreement for Flex Aurora with a Supermajor, establishing a minimum two-year term that can extend to 2034 if all options are exercised, reflecting strong demand and client confidence in the LNG shipping market.
- Increased Contract Backlog: This new contract boosts Flex LNG's total contract backlog to a minimum of 55 years, potentially rising to 82 years if all options are taken, significantly enhancing the company's long-term revenue stability and competitive position.
- Positive Market Dynamics: CEO Marius Foss highlighted favorable dynamics in the LNG shipping spot market, which are expected to positively impact earnings in Q2 2026, indicating the company's ability to maintain profitability amid volatile energy markets.
- Ongoing Market Monitoring: Despite the positive implications of the new contract, Flex LNG is closely monitoring market developments to navigate the high volatility in energy markets, ensuring strategic flexibility and adaptability for the company.
See More
Flex LNG Secures New Charter Agreement for Flex Aurora, Potentially Extending to 8 Years
- 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.
See More
FLEX LNG LTD Anticipates AURORA Contract to Boost Earnings in Q2 2026
- Company Overview: FLEX LNG Ltd. is expected to contribute to earnings in the second quarter of 2026.
- Contractual Expectations: The anticipated contract is likely to enhance the company's financial performance during this period.
See More
FLEX LNG - INTRODUCES NEW AGREEMENT FOR FLEX AURORA
- New Contract Announcement: Flex LNG has announced a new contract for its Flex Aurora vessel.
- Contract Details: The specifics of the contract, including duration and financial terms, have not been disclosed.
See More
FLEX LNG LTD - ENTERS INTO NEW TWO-YEAR TIME CHARTER FOR FLEX AURORA
Agreement Overview: Flex LNG Ltd has entered into a new two-year time charter agreement for its vessel, Flex Aurora.
Charter Details: The time charter is set to commence in the second quarter of 2024, enhancing Flex LNG's operational capacity.
Strategic Implications: This agreement reflects Flex LNG's commitment to expanding its fleet and securing long-term contracts in the LNG market.
Market Context: The deal comes amid a growing demand for liquefied natural gas, positioning Flex LNG favorably in the industry.
See More
FLEX LNG LTD - AURORA CONTRACT MAY BE EXTENDED FOR AN ADDITIONAL EIGHT YEARS
- Contract Duration: The contract for FLEX LNG Ltd. can be extended for a maximum of eighty years.
- Company Overview: FLEX LNG Ltd. is involved in the liquefied natural gas (LNG) sector, focusing on the transportation and storage of LNG.
See More
Flex LNG Signs New Charter Agreement for Flex Aurora with Potential 8-Year Term
- New Charter Agreement: Flex LNG has signed a new Time Charter Agreement for Flex Aurora with a Supermajor, establishing a minimum two-year term that can extend to 2034 if all options are exercised, reflecting strong demand and client confidence in the LNG shipping market.
- Increased Contract Backlog: This new contract boosts Flex LNG's total contract backlog to a minimum of 55 years, potentially rising to 82 years if all options are taken, significantly enhancing the company's long-term revenue stability and competitive position.
- Positive Market Dynamics: CEO Marius Foss highlighted favorable dynamics in the LNG shipping spot market, which are expected to positively impact earnings in Q2 2026, indicating the company's ability to maintain profitability amid volatile energy markets.
- Ongoing Market Monitoring: Despite the positive implications of the new contract, Flex LNG is closely monitoring market developments to navigate the high volatility in energy markets, ensuring strategic flexibility and adaptability for the company.
See More
Flex LNG Secures New Charter Agreement for Flex Aurora, Potentially Extending to 8 Years
- 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.
See More
FLEX LNG LTD Anticipates AURORA Contract to Boost Earnings in Q2 2026
- Company Overview: FLEX LNG Ltd. is expected to contribute to earnings in the second quarter of 2026.
- Contractual Expectations: The anticipated contract is likely to enhance the company's financial performance during this period.
See More
FLEX LNG - INTRODUCES NEW AGREEMENT FOR FLEX AURORA
- New Contract Announcement: Flex LNG has announced a new contract for its Flex Aurora vessel.
- Contract Details: The specifics of the contract, including duration and financial terms, have not been disclosed.
See More
FLEX LNG LTD - ENTERS INTO NEW TWO-YEAR TIME CHARTER FOR FLEX AURORA
Agreement Overview: Flex LNG Ltd has entered into a new two-year time charter agreement for its vessel, Flex Aurora.
Charter Details: The time charter is set to commence in the second quarter of 2024, enhancing Flex LNG's operational capacity.
Strategic Implications: This agreement reflects Flex LNG's commitment to expanding its fleet and securing long-term contracts in the LNG market.
Market Context: The deal comes amid a growing demand for liquefied natural gas, positioning Flex LNG favorably in the industry.
See More
FLEX LNG LTD - AURORA CONTRACT MAY BE EXTENDED FOR AN ADDITIONAL EIGHT YEARS
- Contract Duration: The contract for FLEX LNG Ltd. can be extended for a maximum of eighty years.
- Company Overview: FLEX LNG Ltd. is involved in the liquefied natural gas (LNG) sector, focusing on the transportation and storage of LNG.
See More
