Research analysts who have asked questions during Frontline earnings calls.
Omar Nokta
Jefferies
7 questions for FRO
Also covers: AMKBY, ASC, CCEC +21 more
JC
Jonathan Chappell
Evercore ISI
6 questions for FRO
Also covers: ASC, CHRW, CNI +20 more
SE
Sherif Elmaghrabi
BTIG
5 questions for FRO
Also covers: BE, DHT, FIP +12 more
DS
Devon Sangoy
Tech Investments
2 questions for FRO
LM
Louis McKibben
RETAG
2 questions for FRO
DS
Devin Sangoi
TEJ Investments
1 question for FRO
GS
Geoffrey Scott
Scott Asset Management
1 question for FRO
Also covers: DHT, PCYO
Recent press releases and 8-K filings for FRO.
Frontline Secures One-Year Time Charter-Out Agreements for Seven VLCCs
FRO
New Projects/Investments
- Frontline plc has entered into one-year time charter-out agreements for seven of its VLCCs.
- These charters are scheduled to commence between late-January and April 2026.
- The agreed rate for these charters is $76,900 per day per vessel.
- CEO Lars H. Barstad commented that these are "charter-out-levels not seen for decades," while noting that Frontline will remain "largely spot exposed" after these contracts become effective.
Jan 23, 2026, 9:20 PM
Frontline plc announces strategic fleet renewal initiative
FRO
M&A
New Projects/Investments
- Frontline plc announced a strategic fleet renewal initiative involving the acquisition of nine new vessels and the sale of eight older vessels.
- The company agreed to sell eight of its oldest 1st generation ECO VLCCs for a total sales price of $831.5 million, expecting net cash proceeds of approximately $486.0 million and a gain of $217.4 million to $226.7 million in the first quarter of 2026.
- Concurrently, Frontline will acquire nine latest generation scrubber-fitted ECO VLCC newbuilding contracts for an aggregate purchase price of $1,224.0 million, with deliveries scheduled from Q3 2026 through Q2 2027.
- Upon completion of these transactions, Frontline's fleet will comprise 81 vessels, including 42 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers.
Jan 9, 2026, 9:05 PM
Frontline Announces Strategic Fleet Renewal and Expansion
FRO
M&A
New Projects/Investments
- Frontline is undertaking a strategic fleet renewal, selling eight older 1st generation ECO VLCCs for $831.5 million, with an expected gain of $217.4 million to $226.7 million in the first quarter of 2026.
- Concurrently, the company is acquiring nine latest generation scrubber-fitted ECO VLCC newbuilding contracts for an aggregate purchase price of $1,224.0 million from an affiliate of its largest shareholder.
- This initiative aims to replace older vessels with more modern, fuel-efficient ones, increasing Frontline's exposure to the VLCC segment. Deliveries for the new vessels are scheduled from Q3 2026 through Q2 2027, resulting in a post-transaction fleet of 81 vessels, including 42 VLCCs.
Jan 8, 2026, 9:14 PM
Frontline plc Reports Third Quarter 2025 Results
FRO
Earnings
Dividends
- Frontline plc reported a profit of $40.3 million ($0.18 per share) and adjusted profit of $42.5 million ($0.19 per share) for the third quarter of 2025, with revenues of $432.7 million.
- The company declared a cash dividend of $0.19 per share for the third quarter of 2025.
- Average daily spot time charter equivalent earnings (TCEs) for Q3 2025 were $34,300 for VLCCs, $35,100 for Suezmax tankers, and $31,400 for LR2/Aframax tankers.
- Frontline prepaid $374.2 million in debt during September, October, and November 2025, which is expected to reduce the fleet average cash break-even rates by approximately $1,300 per day for the next 12 months.
- An oldest Suezmax tanker was sold for a net sales price of $36.4 million, generating approximately $23.7 million in net cash proceeds in the third quarter of 2025.
Nov 21, 2025, 9:16 PM
Frontline Reports Q3 2025 Earnings and Strong Q4 2024 Bookings
FRO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Frontline reported a profit of $40.3 million, or $0.18 per share, and an adjusted profit of $42.5 million, or $0.19 per share, for the third quarter of 2025.
- For the fourth quarter of 2024, the company has booked 75% of its VLCC days at $83,300 per day, 75% of its Suezmax days at $60,600 per day, and 51% of its LR2/Aframax days at $42,200 per day.
- Frontline maintains a strong liquidity of $819 million in cash and cash equivalents as of September 30, 2025, with no meaningful debt maturities until 2030.
- The estimated average cash-based breakeven rates for the next 12 months are approximately $26,000 per day for VLCCs, $23,300 per day for Suezmax tankers, and $23,600 per day for LR2 tankers, with a fleet average of about $24,700 per day.
- Management highlighted a positive market outlook, driven by record-high oil in transit, strong oil exports, and limited growth in the compliant tanker fleet, projecting a potential negative fleet growth of 2% towards 2029 for VLCCs under a realistic scenario.
Nov 21, 2025, 2:00 PM
Frontline Reports Q3 2025 Earnings and Strong Q4 2024 Bookings
FRO
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Frontline reported a profit of $40.3 million, or $0.18 per share, and an adjusted profit of $42.5 million, or $0.19 per share, for Q3 2025.
- Time charter equivalent (TCE) rates for Q3 2025 were $34,300 per day for VLCCs, $35,100 per day for Suezmax, and $31,400 per day for LR2/Aframax.
- For Q4 2024, Frontline has booked 75% of VLCC days at $83,300 per day, 75% of Suezmax days at $60,600 per day, and 51% of LR2/Aframax days at $42,200 per day.
- The company maintains a strong liquidity of $819 million as of September 30, 2025, and has prepaid $374.2 million in debt, reducing the fleet average cash-based breakeven rate by approximately $1,300 per day for the next 12 months.
- CEO Lars Barstad described the current market as an "old-school bull market" with high utilization, strong oil exports, and limited growth in the compliant tanker fleet, expecting a negative fleet growth of 2% towards 2029 for VLCCs under realistic assumptions.
Nov 21, 2025, 2:00 PM
Frontline Reports Q3 2025 Results and Strong Q4 Bookings Amidst Bullish Tanker Market
FRO
Earnings
Revenue Acceleration/Inflection
- Frontline reported a Q3 2025 profit of $40.3 million, or $0.18 per share, and an adjusted profit of $42.5 million, or $0.19 per share. Time charter earnings for the quarter were $248 million, a decrease from $283 million in the previous quarter.
- For Q4 2025, the company has booked 75% of its VLCC days at $83,300 per day, 75% of its Suezmax days at $60,600 per day, and 51% of its LR2 / Aframax days at $42,200 per day.
- The company maintains a strong balance sheet with $819 million in liquidity as of September 30, 2025, and no meaningful debt maturities until 2030. Frontline prepaid $374.2 million in debt in September, October, and November 2025, which is expected to reduce the fleet average cash-based breakeven rate by approximately $1,300 per day for the next 12 months.
- Management described the current tanker market as an "old-school bull market" with positive developments, high utilization, strong oil exports, and limited growth in the compliant tanker fleet. Estimated average cash-based breakeven rates for the next 12 months are approximately $26,000 per day for VLCCs, $23,300 per day for Suezmax tankers, and $23,600 per day for LR2 tankers.
Nov 21, 2025, 2:00 PM
Frontline plc Reports H1 2025 Financials, Declares Q2 2025 Dividend, and Provides Fleet Update
FRO
Earnings
Dividends
Legal Proceedings
- For the six months ended June 30, 2025, Frontline plc reported a profit of $110,830 thousand and basic and diluted earnings per share of $0.50, a decrease from the prior year period. Total revenues for the period were $907,943 thousand.
- The Board of Directors declared a dividend of $0.36 per share for the three months ended June 30, 2025, with payment scheduled for on or about September 24, 2025.
- As of June 30, 2025, Frontline's fleet comprised 81 vessels. Since January 1, 2024, the company acquired 13 VLCCs and sold eight tankers (five VLCCs and three Suezmax tankers). An additional Suezmax tanker sale for $36.4 million is expected to close in Q3 2025, generating a $6.0 million gain.
- Frontline is involved in ongoing legal proceedings with FourWorld Capital Management LLC, with oral court pleadings scheduled for February 2026.
Sep 17, 2025, 8:10 PM
Frontline reports Q2 2025 results
FRO
Earnings
Dividends
Debt Issuance
- Frontline plc reported a profit of $77.5 million and adjusted profit of $80.4 million, or $0.36 per adjusted share, on $480.1 million in revenues for the second quarter of 2025.
- The company declared a cash dividend of $0.36 per share for the second quarter of 2025.
- Average daily spot Time Charter Equivalent earnings (TCEs) for Q2 2025 were $43,100 for VLCCs, $38,900 for Suezmax tankers, and $29,300 for LR2/Aframax tankers.
- Frontline entered into a senior secured term loan facility of up to $1,286.5 million in April 2025 to refinance debt and agreed to sell an older Suezmax tanker for a net sales price of $36.4 million, expecting a $6.0 million gain in the third quarter of 2025.
Aug 29, 2025, 8:11 PM
Quarterly earnings call transcripts for Frontline.
Ask Fintool AI Agent
Get instant answers from SEC filings, earnings calls & more