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.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool