NYSE$FRO

Frontline PLC · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Frontline reported solid profitability in Q2 2025, driven by strong spot TCEs across vessel types and a favorable trading environment.

Frontline delivered $77.5 million in net income and $480.1 million in revenue for Q2 2025, with strong daily TCE performance and an efficient, spot-exposed fleet navigating increased geopolitical and trading complexity.

  • Reported net income of $77.5 million and adjusted EPS of $0.36.
  • Total revenues reached $480.1 million for the quarter.
  • Declared a cash dividend of $0.36 per share.
  • Secured a $1.29 billion loan facility and sold an older tanker to optimize fleet and cash flow.

Headline financials

Total Revenue

$480M

Previous: $556M-13.7%
EPS (adj)

$0.36

Previous: $0.62-41.9%
Net Income

$77.5M

Previous: $188M-58.7%
Operating Income

$0.00

No prior period

Revenue & EPS history

Frontline · Revenue · Quarterly

$480M

Q2 2025-13.7%vs Q2 2024
Beat estimate in 14 of 14 quarters(100%)
ActualEstimate

Forward guidance

Frontline expects lower TCEs in Q3 2025 due to ballast days, but anticipates improved conditions into the seasonal high-demand period.

Tailwinds

  • Strong utilization of compliant tanker trade fleet.
  • Efficient spot-exposed fleet positioned for upside.
  • Geopolitical disruptions increasing oil trade inefficiencies.
  • Expected increase in export volumes post-summer.
  • Steady demand from large oil producers during summer.

Headwinds

  • Volatile freight environment from Middle East unrest.
  • Limited impact so far from OPEC production reversals.
  • Sanctions on Russia causing market inefficiencies.
  • Lower expected spot TCEs in Q3 due to ballast days.
  • Seasonal patterns may weigh on short-term earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-1.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+0.6%

Avg return

30 days after

45%

28 / 62 earnings

Positive

+16.7%

Q1 2022

Best reaction

-29.3%

Q4 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-3.5%-7.8%+6.4%
Q4 2026-0.8%+8.8%+7.8%
Q2 2025+0.9%+5.3%+11.4%
Q1 2025+6.8%+2.2%+10.5%
Q4 2024+4.8%+3.1%-2.2%
Q3 2024-10.5%-13.1%-22.5%
Q2 2024-1.4%-4.7%-2.1%
Q1 2024-1.4%-6.4%-10.3%
Q4 2023-0.7%+2.7%+2.8%
Q3 2023-5.1%-9.1%-5.3%
Q2 2023+3.2%+3.9%+1.1%
Q1 2023-3.1%-8.9%-3.3%
Q4 2022-0.2%+2.3%-12.0%
Q3 2022+5.8%+7.6%-6.2%
Q2 2022-0.9%-1.3%+0.9%
Q1 2022+16.7%+27.0%-4.2%
Q4 2021+4.7%+9.9%+12.7%
Q3 2021+0.7%-2.8%+2.6%
Q2 2021-1.9%-3.9%+12.5%
Q1 2021+0.1%+2.9%+3.9%
Q4 2020-1.0%-3.2%+8.2%
Q3 2020-10.7%-15.5%-13.1%
Q2 2020-5.3%-5.9%-22.2%
Q1 2020+3.3%+2.7%-3.3%
Q4 2019+11.9%+6.4%+28.3%
Q3 2019-0.3%-4.1%+10.1%
Q2 2019+3.8%+3.9%+12.8%
Q1 2019+0.2%+1.1%-15.5%
Q4 2018+4.3%+7.1%+2.5%
Q3 2018+5.3%+2.2%+7.9%
Q2 2018+3.5%+5.4%+5.4%
Q1 2018+8.8%+7.3%+11.5%
Q4 2017-4.0%+0.2%+9.9%
Q3 2017-4.6%-7.0%-21.3%
Q2 2017-2.0%+0.0%+18.4%
Q1 2017+2.8%+2.3%-0.5%
Q3 2016-5.5%-5.4%-5.2%
Q2 2016-11.9%-11.0%-11.7%
Q1 2016+7.7%+11.7%-1.9%
Q4 2015-0.7%
Q3 2015+6.9%
Q1 2015-10.5%
Q4 2014+3.3%
Q3 2014-20.5%
Q1 2014-1.1%
Q4 2013+1.6%
Q3 2013+13.9%
Q2 2013-13.5%
Q1 2013-10.4%
Q4 2012-29.3%
Q2 2012-15.9%
Q4 2008-2.8%
Q4 2011-2.8%
Q1 2012+1.8%
Q3 2011-7.0%
Q2 2011+1.0%
Q4 2010-1.9%
Q4 2009-1.9%
Q1 2011+2.2%
Q3 2010-2.4%
Q2 2010+0.6%
Q1 2010+0.6%

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