1. Norway Stocks

  2. •

    Energy

  3. •

    Oil & Gas Midstream
FLEX LNG Ltd.

FLEX LNG Ltd.

FLNG.OL
FLEX LNG Ltd.NO flagOslo Stock Exchange
254.00
NOK
- -
- -
13.74BMarket Cap
FLEX LNG Ltd.
FLNG.OL
(Oslo Stock Exchange)

Recent

price

254.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
TTM
FRC
- -
- -
- -
- -
- -
- -
- -
- -
0.89
1.91
2.22
3.04
6.44
6.54
6.91
6.62
6.59
Revenue per Share
-0.9
-9.62
-11.31
-23.87
16.3
-0.21
-0.19
-0.14
-0.34
0.29
0.31
0.15
3.04
3.53
2.24
2.19
1.83
Basic EPS, GAAP
-3.39
-0.68
-0.37
-0.68
-0.37
-0.14
-0.24
-0.18
-3.04
-13.49
-4.44
-11.13
-0.96
4.13
3.26
3.39
3.1
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.1
0.2
1.86
3.5
3.37
3
3
Dividend per Share
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
-12.22
-8.96
-6.48
-6.53
-5.44
-5.42
-6.51
-5.14
-4.45
Book Value per Share
47.24
38.11
26.31
0.45
16.8
16.59
16.24
16.1
16.91
20.45
15.51
15.44
16.68
17.05
15.79
14.98
14.11
Tangible Book Value per Share
11
11
12
13
13
13
13
13
31
40
54
54
53
53
54
54
54
Basic Weighted Avg Shares
- -
- -
- -
- -
- -
- -
- -
- -
27
77
120
164
343
348
371
356
356
Sales/Revenue/Turnover
- -
- -
- -
- -
- -
- -
- -
- -
-46.16
37.56
45.85
45.98
58.57
57.66
58.53
55.51
54.11
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
17
29
42
70
72
73
75
76
Depreciation Expense
-10
-109
-136
-299
205
-3
-2
-2
-10
12
17
8
162
188
120
118
99
Net Income, GAAP
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
1.06
1.03
0.06
0.05
0.06
0.11
0.13
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
-38.08
15.26
14.14
4.93
47.23
54.05
32.35
33.02
27.84
Profit Margin (%)
23
9
3
6
1
6
3
- -
13
25
86
26
93
201
290
316
304
Working Capital
- -
- -
29
- -
- -
7
7
7
160
432
744
1,337
1,552
1,619
1,708
1,704
1,696
LT Debt
570
430
316
6
212
210
208
206
520
827
839
835
889
907
848
807
762
Total Equity
- -
- -
- -
- -
-3.89
- -
- -
- -
- -
- -
3.75
3.88
8.45
7.79
8.22
7.49
7.47
Return on Invested Capital (%)
- -
- -
- -
- -
16,319.3
- -
- -
- -
- -
- -
19.39
6.7
18.27
19.11
15.83
14.9
13.22
Return on Capital (%)
-945.14
-9,628.62
-11,434.74
-23,884.73
16,319.3
-208.05
-195.05
-139.87
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
107
107
106
LT Borrowings
1,704
734
722
LT Finance Leases
- -
943
974
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
54
54
54
Market Capitalization
1,210
1,246
1,200

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
474
460
470
Cash, Cash Equivalents & STI
437
410
413
Accounts Receivable, Net
1
4
5
Inventories
5
5
5
Total Current Liabilities
159
166
166
Payables & Accruals
13
27
29
ST Debt
107
107
106
Deferred Revenue
37
32
31

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.77%
-0.68%
-4.84%
Free Cash Flow
398.07%
-97.4%
4.44%
Net Income, GAAP
210.58%
365.38%
-1.96%
Sales/Revenue/Turnover
- -
29.98%
-3.95%
Total Cash Common Dividend
- -
197.83%
-10.79%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
92
87
95
97
371
2024
90
85
90
91
356
2025
88
86
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.31
0.73
0.84
0.36
2.24
2024
0.62
0.41
0.32
0.84
2.19
2025
0.35
0.33
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1
0.75
0.75
0.87
3.37
2024
0.75
0.75
0.75
0.75
3
2025
0.75
0.75
- -
- -
- -
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Business
FLEX LNG Ltd. (FLNG.OL) owns and operates a fleet of 13 advanced liquefied natural gas (LNG) carriers for seaborne transportation services worldwide; its vessels feature M-type electronically controlled gas injection (MEGI) propulsion and generation X dual-fuel (X-DF) systems with partial and full reliquefaction capabilities, delivering reduced fuel consumption, lowered boil-off rates, and enhanced environmental compliance through compliance with IMO Tier III regulations including selective catalytic reduction (SCR). The company provides time charter services to global energy companies, LNG traders, and regasification terminal operators, emphasizing high utilization, safety, and operational efficiency across major LNG trade routes. Incorporated in 2006 and headquartered at Par-la-Ville Place, 14 Par-la-Ville Road in Hamilton, Bermuda, FLEX LNG employs nine staff and maintains an office in Oslo, Norway. In 2025, the company completed its Balance Sheet Optimization Program 3.0 with $530 million in new financings, releasing $137 million in net proceeds; it secured a $180 million term loan facility for the Flex Constellation with a 15.5-year tenor at SOFR plus 165 basis points, drawn in September, alongside a $175 million sale-and-leaseback for the Flex Resolute; additionally, it filed for a $100 million follow-on equity offering, declared its seventeenth consecutive $0.75 quarterly dividend yielding approximately 11% annualized, and achieved a record-high cash balance of $479 million while completing scheduled drydockings for Flex Amber and Flex Artemis.