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Frontline Ltd (FRO)
NYSE:FRO
US Market
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Frontline (FRO) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 27, 2026
TBA (Confirmed)
Period Ending
2025 (Q4)
Consensus EPS Forecast
1.13
Last Year’s EPS
0.3
Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings

Earnings Call Summary

Q3 2025
Earnings Call Date:Nov 20, 2025|
% Change Since:
|
Earnings Call Sentiment|Positive
The earnings call presents a positive sentiment with strong TCE rate achievements, robust liquidity, and a favorable market outlook demonstrating significant potential for cash generation. However, there are challenges related to decreased adjusted profits and increased operating expenses, along with uncertainties surrounding the sanctioned fleet.
Company Guidance
During Frontline's Third Quarter 2025 earnings call, the company presented optimistic guidance supported by several key metrics. The CEO, Lars Barstad, highlighted the impressive Time Charter Equivalent (TCE) rates achieved in Q3, which were $34,300 per day for the VLCC fleet, $35,100 per day for the Suezmax fleet, and $31,400 per day for the LR2/Aframax fleet. Looking ahead, 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 for the remainder of the quarter. The CFO, Inger Klemp, reported a profit of $40.3 million and an adjusted profit of $42.5 million for the third quarter, despite a decrease in time charter earnings from $283 million to $248 million. The company maintains a strong balance sheet with $819 million in liquidity as of September 30, 2025, and aims to reduce its fleet average cash breakeven rate by approximately $1,300 per day over the next 12 months. Additionally, Frontline's cash generation potential was emphasized, with a capacity to generate up to $2.6 billion or $11.53 per share under favorable market conditions. The company is poised to capitalize on positive market dynamics, with an eco-friendly fleet composition and a strategic focus on larger vessel classes such as VLCCs.
Strong TCE Rates Achieved
In the third quarter of 2025, Frontline achieved $34,300 per day on the VLCC fleet, $35,100 per day on the Suezmax fleet, and $31,400 per day on the LR2/Aframax fleet. For the fourth quarter, 75% of VLCC days have been booked 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.
Robust Balance Sheet
Frontline reports strong liquidity with $819 million in cash and equivalents, including undrawn revolver capacity. The company has no meaningful debt maturities until 2030 and no newbuilding commitments.
Fleet Optimization and Cash Generation
Fleet consists of 41 VLCCs, 21 Suezmax tankers, and 18 LR2 tankers with an average age of 7 years. Frontline has a cash generation potential of $1.8 billion or $8.15 per share with the current fleet and TCE rates, providing a cash flow yield of 33%.
Positive Market Outlook
The tanker market shows strong oil exports, positive changes in trade lanes, and limited growth in compliant tanker fleets. The OPEC production cuts reversal is leading to real export volume gains, especially from the Middle East.

Frontline (FRO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

FRO Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 27, 2026
2025 (Q4)
1.13 / -
0.3
Nov 20, 2025
2025 (Q3)
0.27 / 0.18
0.27-33.33% (-0.09)
Aug 29, 2025
2025 (Q2)
0.44 / 0.35
0.84-58.33% (-0.49)
May 23, 2025
2025 (Q1)
0.19 / 0.15
0.81-81.48% (-0.66)
Feb 28, 2025
2024 (Q4)
0.25 / 0.30
0.53-43.40% (-0.23)
Nov 27, 2024
2024 (Q3)
0.36 / 0.27
0.48-43.75% (-0.21)
Aug 30, 2024
2024 (Q2)
0.76 / 0.84
1.04-19.23% (-0.20)
May 30, 2024
2024 (Q1)
0.86 / 0.81
0.9-10.00% (-0.09)
Feb 29, 2024
2023 (Q4)
0.51 / 0.53
1.08-50.93% (-0.55)
Nov 30, 2023
2023 (Q3)
0.47 / 0.48
0.69-30.43% (-0.21)
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
Nov 20, 2025
$25.20$24.99-0.83%
Aug 29, 2025
$20.40$20.57+0.83%
May 23, 2025
$16.74$17.87+6.75%
Feb 28, 2025
$14.73$15.44+4.82%
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 Feb 27, 2026, TBA (Confirmed).
    What is Frontline Ltd (FRO) earnings time?
    Frontline Ltd (FRO) earnings time is at Feb 27, 2026, TBA (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 (Q4) is 1.13.

            Frontline (FRO) Earnings News

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