Flex LNG Maintains Dividend and Guidance
Declared an ordinary dividend of $0.75 per share for the quarter, resulting in a trailing twelve-month yield of 12%, supported by $410 million in cash at the end of Q1 2025.
Flex LNG (NYSE:FLNG) reaffirmed full-year 2025 revenue guidance in the $340 million–$360 million range. The board announced another ordinary dividend of $0.75 per share, while management executed new financing initiatives and highlighted strong contract backlog covering up to 88 years if options are exercised.
The balance sheet optimization program aims to unlock an additional $120 million in free cash, and similar plans are underway for financing its ships Flex Resolute and Flex Constellation.
At the end of Q1 2025, the company held $410 million in cash, maintained a book equity ratio backed by modern vessels, and has its first scheduled debt maturity in 2028, following the pending refinancing.
