FLEX LNG Ltd. Q2 2025 Earnings Recap

Flex LNG reported solid Q2 results with revenues of $86 million, driven by a resilient balance sheet and a strong contract backlog, despite some pressure from seasonal spot market conditions.

Key Takeaways

• Adjusted net income reached $24.8 million, translating to adjusted EPS of $0.46, reflecting strong operational performance despite market headwinds.
• The company launched a $15 million share buyback program and reaffirmed its full-year 2025 revenue guidance of $350 million to $370 million.
• Successful refinancing of Flex Courageous generated $43 million in net proceeds, bolstering the cash position to $413 million, with additional financings expected to add another $90 million.
• Flex LNG declared a quarterly dividend of $0.75 per share, supported by a robust balance sheet and a strong backlog providing earnings visibility.
• The company remains cautiously optimistic about the LNG market, maintaining a significant charter backlog with potential earnings visibility extending up to 85 years.