Flex LNG (FLNG) Operating Expenses (2018 - 2026)
Flex LNG (FLNG) posted Operating Expenses of -$21.8 million for Q1 2026, down 2.26% sequentially from -$21.3 million in Q4 2025, and down 3.41% YoY from -$22.6 million in Q1 2025.
Flex LNG (FLNG) Operating Expenses (2018 - 2026) Analysis & Trends
Flex LNG has reported Operating Expenses for 9 years, with the latest figure at -$21.8 million in Q1 2026.
- Quarterly Operating Expenses fell 3.41% year-over-year to -$21.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$85.3 million (changed 0.02% YoY) and the FY2025 annual result came in at -$56.3 million, up 9.7% from the prior year.
- Operating Expenses eased to -$21.8 million in Q1 2026 per FLNG's latest filing, from -$21.3 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$19.8 million in Q2 2022 and troughed at -$21.8 million in Q1 2026.
- A 5-year average of -$21.0 million and a median of -$21.0 million in 2023 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses retreated 14.16% in 2022, then increased 3.43% in 2025.
- Over 5 years, Operating Expenses stood at -$20.5 million in 2022, then decreased by 1.79% to -$20.9 million in 2023, then dropped by 3.83% to -$21.7 million in 2024, then increased by 1.57% to -$21.3 million in 2025, then slipped by 2.26% to -$21.8 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$21.8 million, -$21.3 million, and -$21.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 110.69 Bn | 109.19 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.64 Bn | 71.61 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 65.84 Bn | 58.29 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.05 Bn | 59.02 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 59.98 Bn | 59.82 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.50 Bn | 59.37 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 55.93 Bn | 54.68 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Flex LNG | 1.67 Bn | 1.28 Bn | 61.79 Mn | -21.81 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -21.81 Mn |
| Dec 31, 2025 | -21.33 Mn |
| Sep 30, 2025 | -21.26 Mn |
| Jun 30, 2025 | -20.91 Mn |
| Mar 31, 2025 | -21.09 Mn |
| Dec 31, 2024 | -21.67 Mn |
| Sep 30, 2024 | -20.89 Mn |
| Jun 30, 2024 | -21.65 Mn |
| Mar 31, 2024 | -21.07 Mn |
| Dec 31, 2023 | -20.87 Mn |
| Sep 30, 2023 | -21.03 Mn |
| Jun 30, 2023 | -20.45 Mn |
| Mar 31, 2023 | -21.49 Mn |
| Dec 31, 2022 | -20.50 Mn |
| Sep 30, 2022 | -20.54 Mn |
| Jun 30, 2022 | -19.83 Mn |
| Mar 31, 2022 | -20.51 Mn |
| Dec 31, 2021 | -20.25 Mn |
| Sep 30, 2021 | -19.86 Mn |
| Jun 30, 2021 | -19.65 Mn |