Flex LNG (FLNG) Cost of Revenue (2018 - 2026)
Flex LNG (FLNG) posted Cost of Revenue of $18.7 million for Q1 2026, down 5.88% sequentially from $19.8 million in Q4 2025, and up 3.05% YoY from $18.1 million in Q1 2025.
Flex LNG (FLNG) Cost of Revenue (2018 - 2026) Analysis & Trends
Flex LNG has reported Cost of Revenue for 9 years, with the latest figure at $18.7 million in Q1 2026.
- Quarterly Cost of Revenue rose 3.05% year-over-year to $18.7 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $75.4 million (up 5.71% YoY) and the FY2025 annual result came in at $74.9 million, up 7.09% from the prior year.
- Cost of Revenue declined to $18.7 million in Q1 2026 per FLNG's latest filing, from $19.8 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $19.8 million in Q4 2025 and troughed at $14.4 million in Q1 2022.
- A 5-year average of $17.4 million and a median of $17.6 million in 2024 frame the typical range for Cost of Revenue.
- The sharpest annual moves came in 2023 and 2024: Cost of Revenue advanced 13.68% in 2023, then fell 4.47% in 2024.
- Over 5 years, Cost of Revenue stood at $16.2 million in 2022, then rose by 13.68% to $18.4 million in 2023, then fell by 4.47% to $17.6 million in 2024, then climbed by 12.7% to $19.8 million in 2025, then slipped by 5.88% to $18.7 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $18.7 million, $19.8 million, and $18.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 1.41 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 15.96 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | - |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 26.94 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 52.77 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 587.00 Mn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 9.24 Bn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 2.30 Bn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 439.00 Mn |
| 10 | Flex LNG | 1.67 Bn | 1.28 Bn | 61.79 Mn | 18.67 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 18.67 Mn |
| Mar 31, 2026 | 18.67 Mn |
| Dec 31, 2025 | 19.83 Mn |
| Dec 31, 2025 | 19.83 Mn |
| Sep 30, 2025 | 18.76 Mn |
| Sep 30, 2025 | 18.76 Mn |
| Jun 30, 2025 | 18.18 Mn |
| Jun 30, 2025 | 18.18 Mn |
| Mar 31, 2025 | 18.11 Mn |
| Mar 31, 2025 | 18.11 Mn |
| Dec 31, 2024 | 17.60 Mn |
| Dec 31, 2024 | 17.60 Mn |
| Sep 30, 2024 | 17.84 Mn |
| Sep 30, 2024 | 17.84 Mn |
| Jun 30, 2024 | 17.81 Mn |
| Jun 30, 2024 | 17.81 Mn |
| Mar 31, 2024 | 16.68 Mn |
| Mar 31, 2024 | 16.68 Mn |
| Dec 31, 2023 | 18.42 Mn |
| Dec 31, 2023 | 18.42 Mn |