Flex LNG (FLNG) Operating Expenses (2018 - 2026)
Flex LNG's (FLNG) quarterly Operating Expenses came in at -$21.8 million in Q1 2026, down 3.41% year-on-year from -$22.6 million in Q1 2025, and down 2.26% quarter-over-quarter from -$21.3 million in Q4 2025.
Flex LNG (FLNG) Operating Expenses (2018 - 2026) Analysis & Trends
Flex LNG has disclosed Operating Expenses across 9 years of filings, most recently posting -$21.8 million for Q1 2026.
- Operating Expenses for Q1 2026 came in at -$21.8 million, down 3.41% year-over-year; the trailing twelve-month figure through Mar 2026 was -$47.3 million (changed 0.26% YoY), and the FY2025 annual result was $97.0 million, up 9.39% from the prior year.
- Operating Expenses came in at -$21.8 million for Q1 2026 at Flex LNG, down from -$21.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $17.1 million in Q2 2025 to a low of -$21.8 million in Q1 2026.
- The 5-year median for Operating Expenses is -$20.5 million (2022), against an average of -$5.7 million.
- Across the five-year window, Operating Expenses soared 182.38% in 2022 and tumbled 231.67% in 2025, its largest moves.
- Flex LNG's Operating Expenses stood at $15.9 million in 2022, then slumped by 231.17% to -$20.9 million in 2023, then decreased by 3.83% to -$21.7 million in 2024, then climbed by 1.57% to -$21.3 million in 2025, then retreated by 2.26% to -$21.8 million in 2026.
- The last three Operating Expenses figures came in at -$21.8 million (Q1 2026), -$21.3 million (Q4 2025), and -$21.3 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Flex LNG | 10,663.20 | -389.06 Mn | 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 | 17.06 Mn |
| Mar 31, 2025 | -21.09 Mn |
| Dec 31, 2024 | -21.67 Mn |
| Sep 30, 2024 | -20.89 Mn |
| Jun 30, 2024 | 16.18 Mn |
| Mar 31, 2024 | 16.02 Mn |
| Dec 31, 2023 | -20.87 Mn |
| Sep 30, 2023 | 16.45 Mn |
| Jun 30, 2023 | -20.45 Mn |
| Mar 31, 2023 | -21.49 Mn |
| Dec 31, 2022 | 15.91 Mn |
| Sep 30, 2022 | 15.87 Mn |
| Jun 30, 2022 | 16.19 Mn |
| Mar 31, 2022 | -20.51 Mn |
| Dec 31, 2021 | -20.25 Mn |
| Sep 30, 2021 | 16.54 Mn |
| Jun 30, 2021 | -19.65 Mn |