# FLEX LNG Ltd. share price today (FLEX LNG Ltd., FLNG)

> FLEX LNG Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FLNG · Energy · Oil & Gas Midstream · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/flng

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: $27.32 (+5.2% in a year)
- P/E: 14.4× (lower than 71% of the last 1 year)
- Revenue (Jun 2026): $107 M (+24.2% on a year ago)
- Profit (Jun 2026): $44.9 M (+153.1% on a year ago)
- Operating margin: 55.7% (+4.6 points on a year ago)
- ROE: 10%, FY25
- ROIC: 8.4%, against a 4.8% cost of capital: +3.6 points

The main question: the share price moved +5.2% in a year while yearly earnings per share moved −36.7%. The difference came from the market paying a higher multiple. ## What is the FLEX LNG Ltd. share price today? FLEX LNG Ltd.'s share price was $27.32 at the close on 3 November 2026. That is 9.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between $25 and $33, and at that close it sat 34% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 5 weeks running. Over the last 1 year the share price moved +19% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 2 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does FLEX LNG Ltd. pay? FLEX LNG Ltd. paid $3.00 per share over the last four reported quarters. The most recent declaration was $0.75 for Jun 2026. At today's price of $27.32 that is a yield of 10.98%, based on dividends already paid, not a forecast. ## Which stock lists is FLEX LNG Ltd. on? FLEX LNG Ltd. is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is FLEX LNG Ltd. profitable? FLEX LNG Ltd. earned $44.9 M of net profit in the Jun 2026 quarter, +153.1% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY25 profit was $74.8 M. Over 4 years profit has grown −17.6% a year on average. That is 42.0% of the quarter's revenue. The same quarter a year earlier earned $17.7 M. For the full year, FY25 profit was $74.8 M (−36.4% on the year before). Why profit moved: revenue changed +24.2% on a year earlier and the margin moved +4.6 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +25.4% and revenue +1.5%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra dollar of revenue adds more to profit. ## How much revenue does FLEX LNG Ltd. make, and is it growing? FLEX LNG Ltd. reported $107 M of revenue in the Jun 2026 quarter, +24.2% on the same quarter a year earlier. Over 4 years it has grown 0.3% a year on average. The last full year, FY25, came in at $348 M. The last four reported quarters add to $360 M. FY25 revenue was $348 M, −2.4% on the year before. Recent pace: the last four quarters grew +1.5% on average, against 0.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +1.3%, against −0.9% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +3.7%, against −7.3% a year (accelerating). ## How much of every $100 of sales does FLEX LNG Ltd. keep? FLEX LNG Ltd.'s operating margin was 55.7% in the Jun 2026 quarter, 4.6 percentage points higher than the same quarter a year ago. Across 5 years it has been between 50.6% and 58.6%. The latest quarter is within that range. Why the margin moved: operating margin changed +4.6 percentage points on the year while gross margin changed +0.6 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is FLEX LNG Ltd.'s profit turning into cash? Over the last 3 years, 160% of FLEX LNG Ltd.'s reported profit came in as cash from its operations, so the profit is backed by cash. In FY25 it brought in $141 M of operating cash against $74.8 M of profit. After null of spending on assets, $141 M was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does FLEX LNG Ltd.'s cash go? FLEX LNG Ltd. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. It spent $11.0 K on assets over the last 3 years. Averaged over those years that is 0.0% of FY25 revenue a year. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. Spending on assets: $11.0 K over the last 3 years. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is FLEX LNG Ltd.'s P/E ratio, and how does it compare with its own history? FLEX LNG Ltd.'s P/E is 14.4×, near the low end of its own history: it has been lower only 29% of the time. Its usual P/E (the middle reading) is 16.3×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −36.7% while the price moved +5.2%. The price did better than earnings, which pushed the multiple up within its own range. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the FLEX LNG Ltd. business getting better or worse? FLEX LNG Ltd.'s business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 7.3%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does FLEX LNG Ltd. earn on its capital? FLEX LNG Ltd. earned a ROE of 10% in FY25. Its return on capital used (ROIC) is 3.6 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 21.5% net margin and 0.13× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 21.5% net margin × 0.13× asset turnover × 3.65× leverage (assets divided by equity) ≈ 10.2% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 8.4% − 4.8% = +3.6 percentage points. The 4.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. ## Does FLEX LNG Ltd. have too much debt? FLEX LNG Ltd. has total debt of $1.8 B against shareholder equity of $702 M as of Jun 2026, so its debt is 2.55× its equity. Year by year, that ratio went from 1.84 in FY21 to 2.57 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the FLEX LNG Ltd. shareholding pattern? We have no ownership or short-position figures for FLEX LNG Ltd., so this section says so rather than fill the gap. At normal trading volumes, closing those positions would take about 13.1 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. ## How far is FLEX LNG Ltd. from balance-sheet trouble? For FLEX LNG Ltd., the Z-score is 0.90. A Z-score above about 3 is safe and below about 1.8 signals danger, so this is in the danger zone. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. Why it matters: a Z-score of 0.90 is inside the danger zone, so the balance sheet is a real risk. ## How does FLEX LNG Ltd. rank in its industry? There is no score against its industry: FLEX LNG Ltd. is not among the largest members shown in this industry comparison for Oil & Gas Midstream. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is FLEX LNG Ltd. compared with? No sector comparison is shown here, not among the largest members shown in this industry comparison. ## Which companies are close to FLEX LNG Ltd. in size? FLEX LNG Ltd. is the 40th largest of 47 Oil & Gas Midstream companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Nordic American Tankers, Global Partners LP and Tsakos Energy Navigation. Just below it: Permian Basin Royalty Trust, Navigator Holdings and Teekay Corporation. ### Oil & Gas Midstream companies close in size

1. [Nordic American Tankers Limited](https://www.sectoralpha.in/us/stocks/nat) $1.6 billion
2. [Global Partners LP](https://www.sectoralpha.in/us/stocks/glp) $1.5 billion
3. [Tsakos Energy Navigation Limited](https://www.sectoralpha.in/us/stocks/ten) $1.5 billion
4. FLEX LNG Ltd. $1.5 billion
5. [Permian Basin Royalty Trust](https://www.sectoralpha.in/us/stocks/pbt) $1.3 billion
6. [Navigator Holdings Ltd.](https://www.sectoralpha.in/us/stocks/nvgs) $1.2 billion
7. [Teekay Corporation Ltd.](https://www.sectoralpha.in/us/stocks/tk) $1.2 billion

[All 47 Oil & Gas Midstream companies, largest first](https://www.sectoralpha.in/us/sectors/oil-gas-midstream#all-companies)

### Companies close in size in other industries

1. [Greenfire Resources Ltd.](https://www.sectoralpha.in/us/stocks/gfr) $1.5 billion · Oil & Gas Exploration & Production
2. [Ocular Therapeutix, Inc.](https://www.sectoralpha.in/us/stocks/ocul) $1.5 billion · Biotechnology
3. FLEX LNG Ltd. $1.5 billion
4. [Kosmos Energy Ltd.](https://www.sectoralpha.in/us/stocks/kos) $1.5 billion · Oil & Gas Exploration & Production
5. [United Fire Group, Inc.](https://www.sectoralpha.in/us/stocks/ufcs) $1.5 billion · Insurance - Property & Casualty

## What else do people ask about FLEX LNG Ltd.? ### What were FLEX LNG Ltd. Ltd.'s latest quarterly results? FLEX LNG Ltd. reported revenue of $107 M and net profit of $44.9 M for the Jun 2026 quarter. Revenue rose 24.2% and profit rose 153.1% compared with a year earlier. Earnings per share were $0.83. The operating margin was 55.7%, 4.6 percentage points higher than a year earlier (as of 3 November 2026). ### What is FLEX LNG Ltd. Ltd.'s market cap? FLEX LNG Ltd.'s market capitalisation is $1.5 B at a stock price of $27.32. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is FLEX LNG Ltd. Ltd. performing? FLEX LNG Ltd.'s latest readings are below. In its latest quarter, revenue rose 24.2% and profit rose 153.1% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 5 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will FLEX LNG Ltd. Ltd.'s stock price go up? This page does not forecast FLEX LNG Ltd.'s stock price. What it shows instead: the stock price is $27.32. Its P/E of 14.4× is higher than 29% of its own last 1 years. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### What is FLEX LNG Ltd. Ltd.'s capex? FLEX LNG Ltd. spent $11.0 K on capital expenditure (new plants, machines and other long-term assets) over the last 3 years, worked out from the change in fixed assets plus depreciation. In FY24 alone that was $4.0 K (as of 3 November 2026). ### Where is FLEX LNG Ltd. Ltd. in its business cycle? FLEX LNG Ltd.'s FY25 operating margin was 50.6%, against a 5-year range of 50.6% to 58.6%: the low end of its own range, which is often where recoveries start. The latest quarter was 55.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the FLEX LNG Ltd. Ltd. story? The main question: the share price moved +5.2% in a year while yearly earnings per share moved −36.7%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is FLEX LNG Ltd. Ltd. a stock worth studying right now? What the numbers show: FLEX LNG Ltd.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.