Flex LNG (FLNG)
Pure-play LNG carrier owner operating a modern fleet under long-term time charters globally.
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Owns and operates a fleet of fifth-generation LNG carriers under a fixed-rate time-charter model, delegating all operations and commercial management to an external Norwegian affiliate. Controlled by John Fredriksen's family-trust entities and incorporated in Bermuda, the company lists solely on NYSE since the Oslo delisting in 2025.
Owns and charters thirteen fifth-generation LNG carriers — MEGI or X-DF propulsion — to major energy companies under multi-year time charters, keeping most of the fleet on fixed daily hire rates.
Named charterers include Cheniere Marketing International, an unnamed oil-company supermajor, and a large Asian utility-trader. One hull typically remains available for spot or short-term fixing.
Organized as a near-shell Bermuda holding company; operations and commercial management are delegated to Flex LNG Management AS in Norway. John Fredriksen's family-trust entities hold a controlling stake, mirroring his pattern across Frontline and Golden Ocean.
All revenue concentrates in LNG seaborne transport and a small roster of charterers. EU Emissions Trading System allowances are separately disclosed; the stock trades solely on NYSE since the Oslo delisting in 2025.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 14, 2026 | Kepler Capital | Target | Target: — | Target: $25 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $397.4M · Total debt $1.79B · Total assets $2.56B · Shareholders' equity $702.5M
- Revenue
- $106.8M
- Operating income
- $59.5M
- Net income
- $44.9M
HistoryDividendAnnual yield
| Institutions | ≈ 28.80% | 15.58M shares | |
|---|---|---|---|
| 218 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.05% | 28.9K shares | |
| 3 holders · as of Mar 24, 2026 | |||
| Other | ≈ 71.15% | 38.49M shares | |
| remainder | |||
54.09M company shares as of Aug 31, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 3.84% | 2.08M | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 2.55% | 1.38M | as of Jun 30, 2026 |
Renaissance Technologies LLCInstitution | 1.62% | 875,404 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.17% | 631,553 | as of Jun 30, 2026 |
State Street CorpInstitution | 1.02% | 550,156 | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- Capital Clean Energy Carriers
Growing fleet of latest-gen LNG carriers on multi-year time charters
- Dynagas LNG Partners
Six-vessel US MLP owning TFDE and ice-class LNG carriers, 100% chartered
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Flex LNG | $31.43 | −2.00% | $1.73B | 16.9 | 14.0 | 4.8 | +24.2% |
| Capital Clean Energy Carriers | $21.89 | −1.08% | $1.32B | — | 8.9 | — | +5.4% |
| Dynagas LNG Partners | $3.62 | −1.63% | $133.9M | 2.0 | — | 0.8 | +3.3% |
| Median | 2.0 | 8.9 | 0.8 | +4.4% |