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.
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