Flex LNG Reports Q1 Revenue of $80.5M, Beating Expectations
Reports Q1 revenue $80.5M, consensus $79.11M. Marius Foss, CEO of Flex LNG, commented: "Results for the first quarter of 2026 reflect the seasonal low period in the LNG shipping market, which bottomed out in mid-Q1, in line with historical patterns. We achieved a fleet-wide TCE rate of around $65,700 per day and generated revenues excluding EUAs of $78 million, while adjusted net income totalled $16.9 million. Our earnings were impacted by a soft spot environment and higher voyage expenses, including bunkers and gas-up/cool-down, related to the positioning of our open ships."
