OSL$FLNG

FLEX LNG Ltd · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

FLEX LNG Ltd reported lower revenue and net income in Q2 2025, reflecting softness in the spot market.

FLEX LNG posted Q2 2025 vessel operating revenues of $86 million and a net income of $17.7 million. TCE rates and adjusted EBITDA both declined slightly compared to the previous quarter amid a soft spot market.

  • Revenue reached $86 million in Q2 2025.
  • Net income was $17.7 million, with EPS of $0.33.
  • Adjusted EBITDA came in at $62.6 million.
  • Time Charter Equivalent (TCE) rate was $72,012 per day.

Headline financials

Total Revenue

$86M

Previous: $911M-90.6%
EPS (adj)

$0.46

Previous: $0.56-17.9%
Net Income

$17.7M

Previous: $235M-92.5%

Revenue & EPS history

FLEX LNG Ltd · Revenue · Quarterly

$86M

Q2 2025-90.6%vs Q2 2024
Beat estimate in 9 of 9 quarters(100%)
ActualEstimate

Forward guidance

FLEX LNG anticipates stable long-term charter revenue with limited near-term earnings volatility due to soft spot market conditions.

Tailwinds

  • Long-term charters provide visibility and earnings stability.
  • $413 million in cash and no debt maturities until 2029.
  • Refinancing of vessels strengthens financial flexibility.
  • New long-term charter for Flex Constellation begins in 2026.
  • Declared 16th consecutive $0.75/share quarterly dividend.

Headwinds

  • Soft spot market impacted earnings for Flex Artemis and Flex Constellation.
  • TCE rates slightly declined from previous quarter.
  • Adjusted EPS down to $0.46 from $0.54 in Q1 2025.
  • Net income declined to $17.7 million from $18.7 million.
  • Delisting from OSE may affect some investor access.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.4%

Avg return

Earnings day

+0.8%

Avg return

5 days after

-4.4%

Avg return

30 days after

48%

13 / 27 earnings

Positive

+13.8%

Q3 2019

Best reaction

-9.9%

Q1 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.8%-1.6%
Q4 2026-2.0%-3.6%+0.3%
Q2 2025+2.0%+6.3%-90.2%
Q1 2025-9.9%-6.1%-1.6%
Q4 2024-1.0%-3.0%-16.2%
Q3 2024+7.5%+5.7%-6.9%
Q2 2024+1.4%+5.3%+1.0%
Q1 2024+1.0%-0.4%-5.4%
Q4 2023-7.0%-6.9%-10.4%
Q3 2023+0.3%+1.8%-6.3%
Q2 2023-1.3%-3.0%-6.2%
Q1 2023-2.4%-4.2%-3.5%
Q4 2022+3.7%+5.4%-5.0%
Q3 2022-7.3%-4.4%+1.4%
Q2 2022-1.6%+4.5%-15.5%
Q1 2022-0.6%+11.5%+3.2%
Q4 2021+7.9%+6.4%+10.2%
Q3 2021+9.8%+3.9%-0.6%
Q2 2021-1.9%-8.3%+6.7%
Q1 2021+10.4%+9.9%+6.4%
Q4 2020-6.4%-1.2%-7.6%
Q3 2020+1.8%+9.8%+27.5%
Q2 2020-6.4%-6.2%-4.5%
Q1 2020+2.2%+0.9%-1.7%
Q4 2019-5.2%-10.4%-4.3%
Q3 2019+13.8%+6.7%+16.8%
Q2 2019+4.6%+1.7%-3.1%
Q1 2019

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