FLNG on NYSE
Flex LNG Ltd.
Exempted company incorporated under the Bermuda Companies Act of 19812
In its 2026 annual report (Form 20-F) the company says: “We are a growth-oriented owner and commercial operator of fuel efficient, fifth generation LNG carriers. Our business is currently focused on the operation of our long-term charters for our Fleet, which is described in the table below, or exploring accretive opportunities to further grow the Company. We operate through subsidiaries located in Bermuda, the United Kingdom, Norway, the Isle of Man and the Marshall Islands.”5 Its shares trade on NYSE under the symbol FLNG.2
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Last updated Oct 20, 2026.
Overview
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- TickerFLNG on NYSE2
- IndustryWater Transportation2
- HeadquartersLondon, United Kingdom2
- Incorporated inBermuda4
- Business addressPar-La-Ville Place, 14 Par-La-Ville Road, Hamilton, D0 000004
- Filer categoryLarge accelerated filer4
- Legal formExempted Companies Limited by Shares2
- LEI21380084THHU3MPC36472
- StatusActive2
- LEI statusIssued and current2
- Registered address4TTH FLOOR, PAR-LA-VILLE PLACE, HM 11 Hamilton, Bermuda2
- Registered withRegistrar of Companies (Ministry of Economic Development), 526442
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FLEX LNG Ltd. is an exempted company incorporated under the Bermuda Companies Act of 1981 (Company No. EC-34296). We are a growth-oriented owner and commercial operator of fuel efficient, fifth generation LNG carriers. As of February 27, 2026, we own and operate (i) nine M-type, Electronically Controlled, Gas Injection, or MEGI, LNG carriers, of which four have partial re-liquefaction systems installed and three have full re-liquefaction systems installed, which reduce active boil off rates achieved, and (ii) four Generation X Dual Fuel, or X-DF, LNG carriers, which we collectively refer to as our "Operating Vessels" or our "Fleet". Our business is currently focused on the operation of our long-term charters for our Fleet, which is described in the table below, or exploring accretive opportunities to further grow the Company.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs78¢$272.7M
- Income tax0¢$82.0K
- Profit22¢$74.8M
Out of $347.6M in revenue.3
Where each dollar of operating cash went, fiscal 2025
- Dividends paid100¢$162.3M
Out of $140.7M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.3
Financial statements
No quarterly figures reported.
Every line of the income statement as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Vessel operating revenues | $347.6M | $356.3M | $371.0M |
| Voyage expenses | -$12.4M | -$3.4M | -$1.7M |
| Vessel operating expenses | -$74.9M | -$69.9M | -$68.4M |
| Administrative expenses | -$8.0M | -$9.8M | -$10.5M |
| Depreciation | -$76.6M | -$75.5M | -$73.4M |
| Operating income | $175.8M | $197.8M | $217.2M |
| Interest income | $4.1M | $4.5M | $4.9M |
| Interest expense | -$92.6M | -$105.6M | -$108.7M |
| Extinguishment of long-term debt | -$4.1M | -$637.0K | -$10.2M |
| Gain on derivatives | -$7.4M | $22.8M | $18.3M |
| Other financial items | -$853.0K | -$1.1M | -$1.2M |
| Income before tax | $74.9M | $117.8M | $120.1M |
| Income tax expense | -$82.0K | -$132.0K | -$78.0K |
| Net income | $74.8M | $117.7M | $120.0M |
| Basic earnings per share (in dollars per share) | $1.38 | $2.19 | $2.24 |
| Diluted earnings per share (in dollars per share) | $1.38 | $2.18 | $2.22 |
No quarter-by-quarter statement was filed.
No quarterly figures reported.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $447.6M | $437.2M | |
| Restricted cash | $65.0K | $49.0K | |
| Inventory | $9.0M | $4.8M | |
| Other current assets | $46.2M | $31.7M | |
| Total current assets | $503.3M | $474.4M | |
| Derivative instruments | $18.1M | $40.1M | |
| Vessels and equipment, net | $2.1B | $2.2B | |
| Other fixed assets | $0 | $5.0K | |
| Total non-current assets | $2.1B | $2.2B | |
| Total Assets | $2.6B | $2.7B | |
| Current portion of long-term debt | $109.6M | $106.7M | |
| Derivative instruments | $604.0K | $0 | |
| Accounts payable | $10.5M | $2.0M | |
| Other current liabilities | $44.4M | $49.5M | |
| Total current liabilities | $165.8M | $158.8M | |
| Long-term debt | $1.7B | $1.7B | |
| Other non-current liabilities | $163.0K | $0 | |
| Total non-current liabilities | $1.7B | $1.7B | |
| Total liabilities | $1.9B | $1.9B | |
| Share capital (2025: 54,520,325 shares issued, par value $0.01 per share (2024: 54,520,325 shares issued, par value $0.01 per share)) | $545.0K | $545.0K | |
| Treasury shares at cost (2025: 427,949 shares (2024: 432,557)) | -$4.2M | -$4.2M | |
| Additional paid in capital | $704.3M | $904.3M | |
| Contributed surplus | $221.3M | $183.5M | |
| Accumulated deficit | -$202.7M | -$277.5M | |
| Total equity | $719.3M | $806.6M | $847.7M |
| Total Liabilities and Equity | $2.6B | $2.7B | |
| Par value (in USD per share) | $0.01 | $0.01 | $0.10 |
| Shares issued (in shares) | 54.5M shares | 54.5M shares | |
| Treasury stock (in shares) | 427.9K shares | 432.6K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $447.6M | $437.2M | |
| Restricted cash | $65.0K | $49.0K | |
| Inventory | $9.0M | $4.8M | |
| Other current assets | $46.2M | $31.7M | |
| Total current assets | $503.3M | $474.4M | |
| Derivative instruments | $18.1M | $40.1M | |
| Vessels and equipment, net | $2.1B | $2.2B | |
| Other fixed assets | $0 | $5.0K | |
| Total non-current assets | $2.1B | $2.2B | |
| Total Assets | $2.6B | $2.7B | |
| Current portion of long-term debt | $109.6M | $106.7M | |
| Derivative instruments | $604.0K | $0 | |
| Accounts payable | $10.5M | $2.0M | |
| Other current liabilities | $44.4M | $49.5M | |
| Total current liabilities | $165.8M | $158.8M | |
| Long-term debt | $1.7B | $1.7B | |
| Other non-current liabilities | $163.0K | $0 | |
| Total non-current liabilities | $1.7B | $1.7B | |
| Total liabilities | $1.9B | $1.9B | |
| Share capital (2025: 54,520,325 shares issued, par value $0.01 per share (2024: 54,520,325 shares issued, par value $0.01 per share)) | $545.0K | $545.0K | |
| Treasury shares at cost (2025: 427,949 shares (2024: 432,557)) | -$4.2M | -$4.2M | |
| Additional paid in capital | $704.3M | $904.3M | |
| Contributed surplus | $221.3M | $183.5M | |
| Accumulated deficit | -$202.7M | -$277.5M | |
| Total equity | $719.3M | $806.6M | $847.7M |
| Total Liabilities and Equity | $2.6B | $2.7B | |
| Par value (in USD per share) | $0.01 | $0.01 | $0.10 |
| Shares issued (in shares) | 54.5M shares | 54.5M shares | |
| Treasury stock (in shares) | 427.9K shares | 432.6K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.3
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income | $74.8M | $117.7M | $120.0M |
| Depreciation | $76.6M | $75.5M | $73.4M |
| Extinguishment of long-term debt | $4.1M | $637.0K | $10.2M |
| Amortization of debt issuance costs | $2.3M | $2.5M | $2.5M |
| Share-based payments | $76.0K | $1.1M | $1.7M |
| Foreign exchange loss/(gain) | -$439.0K | $800.0K | $350.0K |
| Change in fair value of derivative instruments | $22.6M | -$1.8M | $6.7M |
| Drydocking expenditure | -$24.6M | -$12.6M | -$20.7M |
| Other | $7.0K | -$223.0K | -$3.0K |
| Inventory | -$4.2M | $267.0K | $169.0K |
| Other current assets | -$14.6M | -$3.7M | -$10.3M |
| Receivables due from related parties | $346.0K | $100.0K | -$726.0K |
| Payables due to related parties | $150.0K | $139.0K | $56.0K |
| Accounts payable | $8.5M | -$1.5M | $1.7M |
| Other current liabilities | -$5.1M | $4.0M | -$10.1M |
| Increase (Decrease) in Other Noncurrent Liabilities | $163.0K | $0 | $0 |
| Net cash provided by operating activities | $140.7M | $182.8M | $175.0M |
| Purchase of other fixed assets | $0 | -$4.0K | -$2.0K |
| Net cash used in investing activities | $0 | -$4.0K | -$2.0K |
| Repayment of long-term debt | -$105.2M | -$102.4M | -$110.8M |
| Proceeds of revolving credit facilities | $1.6B | $1.3B | $1.8B |
| Repayment of revolving credit facilities | -$1.6B | -$1.5B | -$1.6B |
| Prepayment of long-term debt | -$387.5M | -$80.8M | -$595.3M |
| Proceeds from long-term debt | $530.0M | $430.0M | $650.0M |
| Extinguishment costs paid on long-term debt | -$1.3M | $0 | -$1.4M |
| Proceeds from termination of derivative instruments | $0 | $10.2M | $0 |
| Financing costs | -$4.4M | -$2.8M | -$7.7M |
| Proceeds from issuance of treasury shares | $0 | $1.9M | $0 |
| Cash dividends paid | -$162.3M | -$161.7M | -$181.2M |
| Net cash (used in)/provided by financing activities | -$130.7M | -$155.6M | -$96.5M |
| Effect of exchange rate changes on cash | $435.0K | -$530.0K | -$348.0K |
| Net increase in cash, cash equivalents and restricted cash | $10.5M | $26.7M | $78.1M |
| Interest paid | -$92.8M | -$105.1M | -$112.5M |
| Income tax paid | -$100.0K | -$132.0K | -$55.0K |
No quarter-by-quarter statement was filed.
Corporate structure
Flex LNG Ltd. sits at the top of its group. 16 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Flex LNG Ltd.
- GREENWICH HOLDINGS LTD. Filed SCHEDULE 13D on Flex LNG Ltd., latest Feb 5, 2026 (4 filings since Feb 11, 2022)
- Janus Henderson Group Ltd. Filed SC 13G/A on Flex LNG Ltd., latest Feb 10, 2022
- DONALD SMITH & CO., INC. Filed SC 13G on Flex LNG Ltd., latest Feb 7, 2022
- Flex LNG Ltd. London, United Kingdom
- FLEX LNG FLEET LIMITED Subsidiary · Hamilton, Bermuda
- FLEX FREEDOM LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG AMBER LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG AURORA LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG CONSTELLATION LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG COURAGEOUS LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG ENDEAVOUR LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG ENTERPRISE LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG RAINBOW LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG RANGER LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG RESOLUTE LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX VIGILANT LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX VOLUNTEER LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG MANAGEMENT AS Subsidiary · Oslo, Norway
- FLEX LNG RELIANCE LIMITED Subsidiary · Majuro, Marshall Islands
- FLEX LNG FLEET LIMITED Subsidiary · Hamilton, Bermuda
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Flex LNG Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $447.6M3 Dec 31, 2025 | $437.2M3 Dec 31, 2024 | +2.4% |
Inventory
Leadership
Who has led Flex LNG Ltd., and when. Pick a name to see everywhere that person has worked.
- Chief executive officerHalfdan Marius Foss Mar 18, 2026 to now12
- Chief financial officerKnut Traaholt Mar 18, 2026 to now13
Board members and other officers (5)
- Board memberSteen Jakobsen Mar 18, 2026 to now14
- Board memberSusan Sakmar Mar 18, 2026 to now15
- Board memberMikkel Storm Weum Mar 19, 2026 to now16
- Board memberNikolai Grigoriev Mar 24, 2026 to now17
- Board memberOla Lorentzon Mar 24, 2026 to now18
Timeline
Calendar
Coming up
- Nov 11, 2026Reports results for the quarter ending Sep/202619
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
90 filings to the SEC since October 2021: 5 annual reports, 11 insider forms, 6 large holders, 68 other. The latest 20:
- Sep 18, 20264 EDGAR
- Aug 21, 20264 EDGAR
- Aug 19, 20266-K EDGAR
- Aug 19, 20266-K EDGAR
- Jun 26, 20264 EDGAR
- Jun 26, 20264 EDGAR
- May 13, 20266-K EDGAR
- Mar 25, 20266-K EDGAR
- Mar 24, 20263 EDGAR
- Mar 24, 20263 EDGAR
- Mar 19, 20263 EDGAR
- Mar 18, 20266-K EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Feb 27, 202620-F EDGAR
- Feb 11, 20266-K EDGAR
- Feb 5, 2026SCHEDULE 13D EDGAR
- Dec 5, 20256-K EDGAR
The 90 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- GREENWICH HOLDINGS LTD.SCHEDULE 13D, 4 filings Feb 11, 2022 to Feb 5, 202620
- Janus Henderson Group Ltd.SC 13G/A, 1 filing Feb 10, 202221
- DONALD SMITH & CO., INC.SC 13G, 1 filing Feb 7, 202222
Members of Congress who traded it
22 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Mar 7, 2025 | Virginia FoxxRepublican, House | Sale | $15,001 - $50,000 | +2.9% | Report |
| Dec 6, 2024 | Virginia FoxxRepublican, House | Partial sale | $15,001 - $50,000 | −3.6% | Report |
| Feb 26, 2024 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −37.4% | Report |
| Feb 23, 2024 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −38.8% | Report |
| Feb 9, 2024 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −43.4% | Report |
| Feb 7, 2024 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −48.2% | Report |
| Feb 2, 2024 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −56.7% | Report |
| Dec 11, 2023 | Thomas R Carper, Senate | Buy | $1,001 - $15,000 | −65.8% | Report |
| Dec 4, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −70.2% | Report |
| Nov 28, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −71.7% | Report |
| Oct 2, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −82.5% | Report |
| May 16, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −94.2% | Report |
| Feb 15, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −103.7% | Report |
| Jan 11, 2023 | Thomas R Carper, Senate | Buy | $1,001 - $15,000 | −102.7% | Report |
| Jan 4, 2023 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −106.1% | Report |
| Nov 15, 2022 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −107.6% | Report |
| Nov 8, 2022 | Christopher L. Jacobs, House | Buy | $1,001 - $15,000 | −119.4% | Report |
| Oct 5, 2022 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −110.6% | Report |
| Aug 26, 2022 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −107.9% | Report |
| Aug 23, 2022 | Virginia FoxxRepublican, House | Buy | $1,001 - $15,000 | −102.1% | Report |
| Aug 4, 2022 | Virginia FoxxRepublican, House | Buy | $15,001 - $50,000 | −91.9% | Report |
| Aug 1, 2022 | Virginia FoxxRepublican, House | Buy | $15,001 - $50,000 | −97.7% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
SEC filer profile
How Flex LNG Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARFlex LNG Ltd.1
- CIK0001772253
- Filer statusLarge accelerated filer not an emerging growth company; not a shell company5
- Incorporated inBermuda5
- Fiscal year endsDecember 311
- Industry code (SIC)4400 Water Transportation1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business addressPar-La-Ville Place, 14 Par-La-Ville Road, Hamilton, D0 000001
- Phone47 23 11 40 001
- Shares outstanding54,092,376 shares as of Dec 31, 20255
- AuditorErnst & Young AS, Oslo, Norway PCAOB ID 1572; it also attests to the company’s internal control over financial reporting5
- On EDGAR sinceApr 4, 20191
- Filings125 in all: 6-K (67), 20-F (7), 3 (7), CORRESP (6), SC 13G/A (5), UPLOAD (5), 4 (4), SC 13G (4)1
All 23 form types
20FR12B/A (2), 424B5 (2), EFFECT (2), F-3 (2), SEC STAFF LETTER (2), 144 (1), 20FR12B (1), CERT (1), DEL AM (1), DRS (1), F-3/A (1), F-3ASR (1), S-8 (1), SCHEDULE 13D (1), SEC STAFF ACTION (1)
- Latest filingsAnnual report (20-F) Feb 27, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Ordinary Shares, par value $0.01 per share | FLNG | New York Stock Exchange |
From the cover page of the 20-F filed Feb 27, 2026 (Section 12(b) of the Exchange Act).5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARFlex LNG Ltd. filings on SEC EDGAR
- 2
- 3SEC EDGARFlex LNG Ltd. 10-K for fiscal 2025
- 4SEC EDGARFlex LNG Ltd. filings on SEC EDGAR
- 5
- 6SEC EDGARFlex LNG Ltd. 10-K for fiscal 2018
- 7SEC EDGARFlex LNG Ltd. 10-K for fiscal 2019
- 8SEC EDGARFlex LNG Ltd. 10-K for fiscal 2020
- 9SEC EDGARFlex LNG Ltd. 10-K for fiscal 2021
- 10SEC EDGARFlex LNG Ltd. 10-K for fiscal 2022
- 11SEC EDGARFlex LNG Ltd. 10-K for fiscal 2018
- 12
- 13
- 14SEC EDGARSteen Jakobsen, Board member
- 15SEC EDGARSusan Sakmar, Board member
- 16SEC EDGARMikkel Storm Weum, Board member
- 17SEC EDGARNikolai Grigoriev, Board member
- 18SEC EDGAROla Lorentzon, Board member
- 19NasdaqNasdaq calendar
- 20
- 21
- 22