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Jun 30, 2025
FLEX LNG Ltd Q2 2025 Earnings Report
FLEX LNG Ltd reported lower revenue and net income in Q2 2025, reflecting softness in the spot market.
Key Takeaways
FLEX LNG posted Q2 2025 vessel operating revenues of $86 million and a net income of $17.7 million. TCE rates and adjusted EBITDA both declined slightly compared to the previous quarter amid a soft spot market.
Revenue reached $86 million in Q2 2025.
Net income was $17.7 million, with EPS of $0.33.
Adjusted EBITDA came in at $62.6 million.
Time Charter Equivalent (TCE) rate was $72,012 per day.
Revenue by Geographic Location
Forward Guidance
FLEX LNG anticipates stable long-term charter revenue with limited near-term earnings volatility due to soft spot market conditions.
Positive Outlook
- Long-term charters provide visibility and earnings stability.
- $413 million in cash and no debt maturities until 2029.
- Refinancing of vessels strengthens financial flexibility.
- New long-term charter for Flex Constellation begins in 2026.
- Declared 16th consecutive $0.75/share quarterly dividend.
Challenges Ahead
- Soft spot market impacted earnings for Flex Artemis and Flex Constellation.
- TCE rates slightly declined from previous quarter.
- Adjusted EPS down to $0.46 from $0.54 in Q1 2025.
- Net income declined to $17.7 million from $18.7 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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