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Frontline Ltd (FRO)
NYSE:FRO
Earnings Data
Report Date
Aug 29, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.48Last Year’s EPS
0.84Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 23, 2025
|% Change Since: 6.40%
|Next Earnings Date:Aug 29, 2025
Earnings Call Sentiment|Neutral
The earnings call presents a balanced view with strong TCE performance and cash generation potential as highlights. However, concerns over decreased adjusted profit, increased operating costs, and global growth prospects present challenges. The market dynamics are influenced by sanctions, providing opportunities for compliant oil demand. Overall, the sentiment is cautiously optimistic with a mix of opportunities and challenges.Company Guidance
During the Q1 2025 earnings call, Frontline plc provided guidance that highlighted various operational and financial metrics. The company's CEO, Lars Barstad, reported that the VLCC fleet achieved a TCE of $37,200 per day, Suezmax $31,200 per day, and LR2/Aframax $22,300 per day. For the ongoing quarter, 68% of VLCC days were booked at $56,400 per day, 69% of Suezmax at $44,900 per day, and 66% of LR2/Aframax at $36,100 per day. Financially, the company reported a profit of $33.3 million, or $0.15 per share, and an adjusted profit of $40.4 million, or $0.18 per share. Time charter revenues decreased to $241 million from $249 million in the prior quarter. Frontline maintained strong liquidity with $805 million in cash and cash equivalents and reported no meaningful debt maturities until 2030. The fleet, consisting of 41 VLCCs, 22 Suezmax, and 18 LR2 tankers, averaged 6.8 years in age, with 99% being ECO vessels. Additionally, the company projected cash generation potential of $332 million or $1.49 per share, with a 30% increase from current spot market levels potentially doubling this figure.Strong TCE Performance
Frontline achieved $37,200 per day on VLCC fleet, $31,200 per day on Suezmax fleet, and $22,300 per day on LR2/Aframax fleet in Q1 2025. An increase in booking rates for Q1 with 68% of VLCC days at $56,400 per day, 69% of Suezmax days at $44,900 per day, and 66% of LR2/Aframax days at $36,100 per day.
Solid Liquidity Position
Frontline reported strong liquidity of $805 million in cash and cash equivalents with no meaningful debt maturities until 2030 and no new building commitments.
Substantial Cash Generation Potential
Frontline has a cash generation potential of $332 million or $1.49 per share, with the potential to increase by 100% with a 30% increase from current spot market rates.
Positive Impact of Sanctions
Sanctions leading to a more compliant market, with India and China shunning OFAC-listed vessels, and the potential for increased compliant oil demand.
FRO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FRO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 23, 2025 | $17.18 | $18.34 | +6.75% |
Feb 28, 2025 | $15.11 | $15.84 | +4.83% |
Nov 27, 2024 | $17.43 | $16.18 | -7.17% |
Aug 30, 2024 | $21.88 | $22.65 | +3.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Frontline Ltd (FRO) report earnings?
Frontline Ltd (FRO) is schdueled to report earning on Aug 29, 2025, TBA Not Confirmed.
What is Frontline Ltd (FRO) earnings time?
Frontline Ltd (FRO) earnings time is at Aug 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FRO EPS forecast?
FRO EPS forecast for the fiscal quarter 2025 (Q2) is 0.48.
