Flex LNG Ltd. SEC Filings

Flex LNG Ltd. reports that a supermajor charterer has exercised second extension options of 730 days for the LNG carriers Flex Resolute and Flex Courageous, covering the period from Q1 2027 to Q1 2029. These ships are now on firm contracts with the charterer until at least Q1 2032, with additional options of up to seven more years per vessel from 2032. Following these extensions, the company’s firm contract backlog stands at 53 years and could rise to 74 years if all charter options are exercised. Flex LNG also confirms that Flex Constellation commenced a 15-year time charter in March 2026 with a large Asian utility and LNG trader, keeping that vessel on firm contract until at least 2041. The company continues to trade three open vessels in what it describes as a firm spot market amid heightened volatility in global gas markets linked to conflicts and uncertainty around LNG exports from the Gulf region.

FLEX LNG Ltd., a Bermuda-based owner of liquefied natural gas carriers listed on the NYSE, has filed its 2025 annual report. As of December 31, 2025, it had 54,092,376 ordinary shares outstanding and an operating fleet of thirteen LNG vessels with an average age of 6.1 years.

The company highlights heavy exposure to the cyclical LNG shipping market, with charter rates that can fall below operating costs and increasing spot-market exposure as several long-term contracts end in early 2026. It reports $1,860.6 million of debt outstanding and notes restrictive loan covenants and potential impairment risks if vessel values decline.

Key risks include global macroeconomic and geopolitical instability, sanctions and trade barriers, environmental and climate regulations such as the EU ETS and FuelEU Maritime, ESG-driven funding constraints, safety and environmental liabilities, and high customer concentration, with four charterers providing 98.5% of 2025 revenue.

Flex LNG Ltd. reported solid unaudited fourth-quarter 2025 results, with vessel operating revenues of $87.5m versus $85.7m in the prior quarter. Net income rose to $21.6m, or $0.40 per basic share, while the fleet TCE rate was $70,119 per day.

For full-year 2025, the company generated Adjusted EBITDA of $251.1m, Adjusted net income of $101.1m and Adjusted EPS of $1.87. Cash and cash equivalents were $447.6m and long-term debt totaled $1,848.2m as of December 31, 2025, with no debt maturities before 2029.

The board declared a fourth-quarter cash dividend of $0.75 per share, payable on or around March 12, 2026, marking the eighteenth ordinary quarterly dividend at this level. Flex LNG highlights a firm contract backlog of 50 years, potentially extending to 75 years with charter options, supporting earnings visibility despite a softer LNG shipping spot market.

Flex LNG Ltd. received a new Schedule 13D from the Geveran group, disclosing significant ownership and potential influence. Geveran Trading Co. Limited, Greenwich Holdings Limited and C.K. Limited together may be deemed to beneficially own 23,118,636 Ordinary Shares, representing about 42.74% of Flex LNG’s outstanding shares, based on 54,087,768 shares outstanding as of September 30, 2025.

The filing converts a prior Schedule 13G into a Schedule 13D, signaling a more active posture. An investment director of a related entity, Seatankers Management AS, Mikkel Storm Weum, was appointed as a director of Flex LNG on May 8, 2025. The reporting group states the shares are held for investment or other purposes but outlines a broad range of possible future actions, including additional share purchases or sales, corporate transactions, changes to board composition, capital structure or governance documents, and other steps that could affect control of the company. The group also notes it may engage with Flex LNG’s board, management, other shareholders and advisors regarding strategy, operations and capital structure.

FLEX LNG Ltd has filed a Form 6-K to furnish a press release announcing the appointment of its new CEO. The press release, excluding specific commentary from company representatives, is incorporated by reference into FLEX LNG’s existing shelf registration statements on Form F-3 and F-3ASR, as well as its Form S-8 for equity compensation plans. This means the leadership update and related information can be used in connection with future securities offerings under those registrations.

The filing also reiterates extensive forward-looking statement caution, emphasizing that expectations are based on assumptions that may not materialize. It highlights risks such as LNG tanker market demand, charter rates, vessel values, operating costs, financing availability, regulatory changes, environmental and safety concerns, litigation exposure, and geopolitical events including the war between Russia and Ukraine and conflicts in the Middle East and Red Sea. Investors are directed to the company’s other SEC reports for a fuller discussion of these risks.

FLEX LNG Ltd. filed a prospectus supplement for its Dividend Reinvestment Plan, registering up to $100 million of ordinary shares. The Plan lets existing holders reinvest dividends and make optional cash purchases, and permits new investors to start positions. Shares may be sourced from newly issued stock or open‑market purchases.

When newly issued shares are sold, net proceeds will be used for working capital, general corporate purposes, asset purchases, debt repayment and strategic transactions. The Plan is administered by Computershare. Key terms include a $250 minimum initial investment for new investors; optional monthly investments of $100 up to $10,000 (waivers possible); and potential waiver discounts of 0%–5%. Fees include 5% of each reinvested dividend (max $5), $5.00 per check purchase ($3.50 one‑time online; $2.00 recurring), and a $0.05 per‑share purchase fee. Sales through the Plan incur $25 plus $0.12 per share. Ordinary shares trade on the NYSE as FLNG; the last reported price on November 11, 2025 was $26.53. Dividends are declared at the board’s discretion and are not guaranteed.

FLEX LNG Ltd. furnished a Form 6-K attaching a press release with unaudited financial results for the third quarter and the nine months ended September 30, 2025. The press release, excluding commentary of Marius Foss, is incorporated by reference into the Company’s Registration Statements on Form F-3 (File No. 333-268367; effective December 7, 2022), Form F-3ASR (File No. 333-282473; effective October 2, 2024) and Form S-8 (File No. 333-275460; effective November 9, 2023). The report was signed by CFO Knut Traaholt.

FLEX LNG Ltd. reports operations of thirteen fifth-generation LNG carriers and continues to focus on long-term time charters and selected growth opportunities. The company completed a prepayment of $129.6 million under the Flex Courageous sale-and-leaseback and received net cash proceeds of approximately $43.0 million. Shareholders approved a $200.0 million reduction of the Share Premium Account to Contributed Surplus to facilitate distributions, and the company paid distributions and declared a $0.75 per share Q2 2025 dividend. The company will be delisted from the Oslo Stock Exchange on September 16, 2025. As of June 30, 2025, the company had interest rate swaps with an aggregate net notional principal of $850.0 million. Recent subsequent events include new financings, sale-and-leaseback agreements, a $15 million share repurchase authorization and planned dividend payment in September 2025.

FLEX LNG Ltd. filed a Form 6-K as a foreign private issuer, providing investors with access to its latest financial information. The report furnishes a press release dated August 20, 2025 that contains the company’s unaudited financial results for the second quarter and for the six months ended June 30, 2025. The filing is signed on behalf of the company by Chief Financial Officer Knut Traaholt.