# 6-K exhibit

- Source: edgar · Published: 2026-08-19 · Kind: report
- Original: https://www.sec.gov/Archives/edgar/data/1772253/000162828026057820/q22026flexpr.htm
- Local copy: `data/documents/FLNG/2026-08-19_q22026flexpr.html`

**TL;DR —** Flex LNG reported a strong Q2 2026 with significant revenue and income growth driven by higher spot market rates and new charter commencements, maintaining its full-year guidance despite market volatility.

## Takeaways
- **Strong Financial Performance:** Q2 2026 vessel operating revenues increased to $106.8M (+32.7% QoQ) and net income rose to $44.9M (+130% QoQ), primarily due to higher spot market rates and new charters.
- **Improved TCE Rates:** The Time Charter Equivalent (TCE) rate significantly increased to $86,119/day (+31% QoQ), the highest since Q4 2021, reflecting favorable market conditions for its spot-exposed vessels.
- **Strategic Chartering:** Higher revenues were generated from two vessels (Flex Volunteer, Flex Artemis) operating in the spot market and two (Flex Constellation, Flex Aurora) commencing new long-term charters, with Flex Aurora securing a two-year firm charter with extension options.
- **Fleet Management:** Completed all three scheduled drydockings for 2026, including Flex Vigilant in Q2, ensuring 100% technical uptime excluding drydocking periods, and maintaining 89% firm contract coverage for the remainder of 2026.
- **Consistent Shareholder Returns:** Declared a $0.75/share dividend for Q2 2026, marking the twentieth consecutive quarter at this rate, supported by a robust balance sheet with $397.4M in cash and no debt maturities before 2029.
- **Market Outlook:** The company expects continued volatility in the LNG freight market due to high newbuild deliveries (55 vessels delivered YTD, 40-45 more expected) and shifting demand dynamics, but reaffirmed its full-year 2026 revenue guidance of $345M-$370M and TCE earnings of $73,000-$78,000/day.

*Generated 2026-09-15 via google/gemini-2.5-flash*