Norwegian LNGC owner and operator, Flex LNG has reported a net income of $17.7 mill for the second quarter of this year, compared with $18.7 mill for the previous quarter.
Adjusted EBITDA was $62.6 mill, compared to $65.6 mill for 1Q25, while adjusted net income was $24.8 mill for 2Q25, compared to $29.4 mill for the first quarter.
Second quarter vessel operating revenues were $86 mill, compared to $88.4 mill for the previous quarter, while the average TCE rate was $72,012 per day, compared to $73,891 per day for 1Q25.
In addition, adjusted basic earnings per share was $0.46 for 2Q25, compared to $0.54 for the first quarter.
Flex LNG’s Board has authorised a share repurchase programme whereby the company will repurchase up to $15 mill of its outstanding shares listed on the New York Stock Exchange (NYSE) and the Oslo Stock Exchange (OSE), which is valid through 27th November, 2025.
The company declared a 2Q25 dividend of $0.75 per share.
