Flex Lng ( (FLNG) ) has released its Q2 earnings. Here is a breakdown of the information Flex Lng presented to its investors.
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Flex LNG Ltd. is a company specializing in the seaborne transportation of liquefied natural gas (LNG), operating within the maritime shipping industry. The company is known for its modern fleet and strategic financial maneuvers, including sale and leaseback agreements.
In its latest earnings report for the second quarter of 2025, Flex LNG Ltd. reported vessel operating revenues of $86 million, a slight decrease from the previous quarter. The company maintained a solid cash position with $412.7 million in cash and cash equivalents and declared a quarterly dividend of $0.75 per share.
Key financial highlights include a net income of $17.7 million and an adjusted EBITDA of $62.6 million. The company completed significant financing activities, including a $180 million term loan for Flex Constellation and a sale and leaseback agreement for Flex Resolute. Additionally, Flex LNG announced a share repurchase program and the delisting of its shares from the Oslo Stock Exchange.
Looking ahead, Flex LNG remains optimistic with a strong charter backlog and no debt maturities until 2029. The company continues to focus on optimizing its balance sheet and exploring attractive financing opportunities, positioning itself well for future growth in the LNG shipping market.