FLEX LNG reports Q3 revenue of $85.7 million and net income of $16.8 million

Reuters
11/12
FLEX LNG reports Q3 revenue of $85.7 million and net income of $16.8 million

Flex LNG Ltd. reported vessel operating revenues of $85.7 million for the third quarter of 2025, compared to $86.0 million in the previous quarter. Net income for the period was $16.8 million, with basic earnings per share of $0.31, down from $17.7 million and $0.33, respectively, in the second quarter. The company's average Time Charter Equivalent rate was $70,921 per day, slightly lower than $72,012 per day in the prior quarter. Adjusted EBITDA stood at $61.2 million, and adjusted net income was $23.5 million, compared to $62.6 million and $24.8 million, respectively, in the second quarter. Flex LNG declared a third quarter dividend of $0.75 per share, payable around December 11, 2025, to shareholders on record as of November 28, 2025. During the quarter, the company completed a $175 million sale and leaseback agreement for the vessel Flex Resolute and finalized a $180 million term loan facility for Flex Constellation. Scheduled drydockings for Flex Amber and Flex Artemis were also completed.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. FLEX LNG Ltd. published the original content used to generate this news brief via Cision (Ref. ID: 20251111:BIT:8775:0) on November 12, 2025, and is solely responsible for the information contained therein.

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