Flex LNG Reports Strong Q2 and Buyback
Flex LNG(NYSE:FLNG) reported Q2 2025 results on August 20, 2025, reporting adjusted net income of $24.8 million ($0.46 per share), a time charter equivalent (TCE) rate of $72,000 per day, and reaffirming full-year 2025 guidance for revenues of $350 million to $370 million and adjusted EBITDA of $250 million to $270 million. Management highlighted a robust contract backlog, key balance sheet optimization initiatives, and the delisting from the Oslo Stock Exchange, all set against ongoing market softness but longer-term industry tailwinds.
Year-to-date 2025, refinancing transactions—including a $175 million Flex Courageous refinancing and new deals for Flex Resolute and Flex Constellation—generated $43 million and are expected to cumulatively free up $132 million in liquidity. Maturities on key debt facilities are being pushed to 2035, substantially extending the maturity profile and reducing the cost of debt to SOFR plus 1%.
Extending debt’s maturity to 2035 and securing funding at SOFR plus 1% greatly enhances Flex LNG’s financial flexibility, lowers near-term refinancing risk, and strengthens the company’s ability to execute growth or capital return strategies irrespective of market cyclicality.
Source Fool.com
