GET DAILY SIGNALSFlex LNG (FLNG) Delivers Resilient Q3 Results with Dividend Held Steady
Key Takeaways
- Flex LNG (FLNG) reported vessel operating revenues of $85.7 million for the third quarter of 2025, down slightly from $86.0 million in the prior quarter.
- Net income came in at $16.8 million, or $0.31 per share, while adjusted net income reached $23.5 million, or $0.43 per share.
- The company's average Time Charter Equivalent (TCE) rate, a key shipping metric, was $70,921 per day, compared with $72,012 per day in the second quarter.
- Flex LNG declared its 17th consecutive quarterly dividend of $0.75 per share and reported a record cash balance of roughly $479 million.
- Management reaffirmed full-year 2025 guidance for revenues of about $340 million and adjusted EBITDA of around $250 million.
Earnings Context and Why It Matters
Flex LNG Ltd. operates a modern fleet of liquefied natural gas (LNG) carriers, so its results are closely tied to global LNG trade volumes and daily charter rates. The third quarter of 2025 started with a sluggish winter spot market, and the company completed scheduled drydockings that reduced available sailing days. Even so, the contract backlog provided a stable earnings base that helped offset softer freight conditions. I find this report particularly useful because it highlights both near-term rate pressure and the strength of long-term charter coverage, cash generation, and dividend policy.
Reported Results
For the quarter ended September 30, 2025, vessel operating revenues totaled $85.7 million, down modestly from $86.0 million in the second quarter and from $90.5 million a year earlier. Net income was $16.8 million, or $0.31 per basic share, compared with $17.7 million, or $0.33 per share, in the prior quarter.
On an adjusted basis, net income reached $23.5 million, or $0.43 per share, versus $24.8 million, or $0.46 per share, in the second quarter. Adjusted EBITDA totaled $61.2 million, down from $62.6 million. The average TCE rate declined to $70,921 per day from $72,012 per day. Adjusted EPS of $0.43 narrowly exceeded the consensus estimate of $0.42, while revenue of $85.7 million came in above the roughly $83.7 million expected. The company also declared a dividend of $0.75 per share, payable on or about December 11, 2025. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
Market Reaction and Investor Sentiment
Heading into the report, sentiment around LNG shipping stocks was cautious given a soft start to the winter spot market and a large order book of new vessels scheduled for delivery. The results confirmed modest sequential declines in revenue and adjusted earnings, but the stability of the contract backlog and the maintained $0.75 dividend helped reinforce confidence. The slight EPS and revenue beats versus consensus, combined with a record cash position and an extended debt maturity profile, suggested investors viewed the quarter as resilient rather than disappointing, even as near-term freight fundamentals remained challenging.
Forward Outlook and Key Factors to Monitor
Management reiterated full-year 2025 guidance for revenues of approximately $340 million and adjusted EBITDA of around $250 million, with a TCE rate of $71,000 to $72,000 per day. The company also noted that about 80% of available days are covered for 2026, providing visibility even if the spot market stays soft.
One area to monitor is fleet utilization. The charterer of Flex Volunteer declined to exercise a one-year option, and the vessel is expected to be redelivered in late December 2025 before entering drydock for its five-year special survey. Flex Artemis has been trading in the spot market, while Flex Constellation is now fully booked under a 15-year time charter. Three additional drydockings are planned for 2026.
On the broader market, management pointed to a recent improvement in spot rates for modern tonnage, supported by record U.S. LNG export volumes, congestion-driven shipping inefficiencies, and a pickup in scrapping of older steam vessels. At the same time, a wave of newbuild deliveries in 2026 and 2027 could keep pressure on rates. I’m watching this closely as investors will likely focus on spot rate trends, chartering decisions, and any update to the dividend framework as the key signals for the quarters ahead.
Integrating AI Tools into My Analysis
In my research process, I regularly use Tickeron’s AI Screener to filter stocks by technical patterns, fundamentals, and AI-driven signals. This helps me quickly surface comparable names in the LNG sector and validate my own views on valuation and momentum before finalizing a thesis.
Disclaimer
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
FLNG in downward trend: price dove below 50-day moving average on October 09, 2026
FLNG moved below its 50-day moving average on October 09, 2026 date and that indicates a change from an upward trend to a downward trend. In 41 of 61 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 67%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on November 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FLNG as a result. In 65 of 102 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 64%.
The Moving Average Convergence Divergence Histogram (MACD) for FLNG turned negative on November 02, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 54 similar instances when the indicator turned negative. In 36 of the 54 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
The 10-day moving average for FLNG crossed bearishly below the 50-day moving average on October 15, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 21 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 52%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FLNG declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
The Aroon Indicator for FLNG entered a downward trend on November 10, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The RSI Indicator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an Uptrend is expected.
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +2.29% 3-day Advance, the price is estimated to grow further. Considering data from situations where FLNG advanced for three days, in 219 of 342 cases, the price rose further within the following month. The odds of a continued upward trend are 64%.
FLNG may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 20 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 45, placing this stock better than average.
The Tickeron PE Growth Rating for this company is 54 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 59 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 60 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.007) is normal, around the industry mean (147.140). P/E Ratio (13.716) is within average values for comparable stocks, (6.511). Projected Growth (PEG Ratio) (0.010) is also within normal values, averaging (13.660). Dividend Yield (0.115) settles around the average of (15719315456.000) among similar stocks. P/S Ratio (4.836) is also within normal values, averaging (4.657).
The Tickeron Price Growth Rating for this company is 62 (best 1 - 100 worst), indicating fairly steady price growth. FLNG’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
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General Information
a company which engages in the operation of carrier vessels.
Industry OilGasPipelines
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