FLEX LNG Ltd. Q3 2025 Earnings Recap

Flex LNG reported strong third-quarter results, achieving net income of $16.8 million and maintaining a robust cash balance of $479 million, despite challenges in the spot market.

Key Takeaways

• Revenues of $85.7 million and a time charter equivalent of $70,900 per day, demonstrating resilience despite a softer LNG market.
• Adjusted net income increased to $23.5 million ($0.43 EPS), reflecting effective cost management and refinancing benefits.
• Maintained a substantial cash position with no debt maturities until 2029 and declared a consistent dividend of $0.75 per share, yielding 11%.
• Strong contract backlog of 53 years, with the potential for growth to 80 years if options are exercised, ensuring revenue stability.
• Successfully completed critical dry dockings for multiple vessels, enhancing operational reliability and readiness for future opportunities.