03:57 AM EDT, 08/20/2025 (MT Newswires) -- FLEX LNG ( FLNG ) reported Q2 adjusted earnings Wednesday of $0.46 per diluted share, down from $0.56 a year earlier.

Four analysts polled by FactSet expected $0.40.

Vessel operating revenue for the quarter ended June 30 was $86 million, up from $84.7 million a year earlier.

Analysts surveyed by FactSet expected $82.2 million.

The company kept its quarterly dividend at $0.75 per share, payable Sept. 18 to shareholders of record as of Sept. 5.

Separately, the company said its board has authorized a $15 million share buyback program.

The share buyback program will commence on Aug. 20 and continue through Nov. 27, it added.