Shares of Flex LNG Ltd (FLNG) tumbled 8.37% in pre-market trading on Wednesday following the release of its third-quarter 2025 financial results. The liquefied natural gas (LNG) shipping company's earnings fell short of analyst expectations, sparking concerns among investors.

Flex LNG reported quarterly earnings of $0.43 per share, missing the analyst consensus estimate of $0.46 by 6.52%. This represents an 18.87% decrease compared to earnings of $0.53 per share from the same period last year. The company's Q3 vessel operating revenues came in at $85.7 million, with adjusted EBITDA reaching $61.2 million. While quarterly sales of $85.680 million narrowly beat the analyst estimate of $85.188 million by 0.58%, it still marked a 5.33% decrease from the $90.500 million reported in the same quarter of the previous year.

Despite the challenging quarter, Flex LNG declared a dividend of $0.75 per share for Q3 2025, maintaining its commitment to shareholder returns. However, the year-over-year declines in both earnings and revenue have raised concerns about the company's growth trajectory in the competitive LNG shipping market. Investors will likely be closely watching the upcoming earnings call for management's outlook on market conditions and strategies to improve performance in the coming quarters.