Flex LNG launches $15 million share buyback program

HAMILTON, Bermuda - Flex LNG Ltd. (NYSE:FLNG), a $1.35 billion market cap LNG shipping company with impressive gross profit margins of 78.5%, announced today the authorization of a share buyback program allowing the company to repurchase up to $15 million of its outstanding shares.

The program will commence today and continue through November 27, 2025, with a maximum limit of 900,000 shares. Flex LNG has arranged with DNB Markets, Inc. and DNB Carnegie to conduct the repurchases on both the Oslo Stock Exchange and the New York Stock Exchange.

According to the company’s statement, shares purchased will be held as treasury stock. The actual timing, number, and value of shares repurchased will depend on several factors including price, market conditions, and alternative investment opportunities.

The buyback program will operate in accordance with the Market Abuse Regulation for Oslo Stock Exchange transactions and Rule 10b-18 requirements for NYSE transactions.

Flex LNG noted that funding for the share buyback program will be treated separately from future dividend considerations, which remain at the Board’s discretion according to the company’s dividend policy.

The company, which specializes in liquefied natural gas shipping, reserves the right to modify the terms of the program, including potentially shortening, extending, or replacing it entirely based on market conditions.

This announcement is based on a press release issued by Flex LNG.

In other recent news, Flex LNG reported its financial performance for the first quarter of 2025. The company showcased a robust revenue stream, highlighting its strong financial health. Flex LNG also revealed strategic initiatives focused on optimizing its balance sheet, indicating proactive measures to enhance financial stability. Despite these positive financial results, the company’s stock saw a slight decline in premarket trading, reflecting cautious investor sentiment. Analysts have not provided any upgrades or downgrades following the earnings announcement. These developments underscore Flex LNG’s focus on maintaining a solid financial foundation amid market fluctuations.

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