NYSE$FRO

Frontline PLC · Q2 2026 earnings

Q2 2026 earnings · · Before market open · Investor relations

Briefing

Frontline PLC reported record quarterly profit of $659.2 million for the second quarter ended June 30, 2026.

Frontline PLC delivered its best-ever quarterly results with net income of $659.2 million ($2.96 per share) and adjusted profit of $580.2 million ($2.61 per share). Revenues reached $943.3 million, driven by exceptionally strong tanker rates with average daily spot TCEs of $152,700 for VLCCs, $111,500 for Suezmax, and $92,400 for LR2/Aframax. The company declared a $2.61 per share dividend and announced plans for a special dividend from vessel sales.

  • Record net income of $659.2 million ($2.96 EPS) and adjusted profit of $580.2 million ($2.61 per share) for Q2 2026.
  • Revenues of $943.3 million, up significantly year-over-year amid elevated charter rates.
  • Strong TCE performance across fleet: VLCC $152,700/day, Suezmax $111,500/day, LR2/Aframax $92,400/day.
  • Declared regular dividend of $2.61 per share plus special $0.80 per share dividend from upcoming VLCC sales.

Headline financials

Total Revenue

$943M

Previous: $480M+96.5%
EPS (adj)

$2.61

Previous: $0.36+625.0%
LR2/Aframax Spot TCE

$92.4K

No prior period
Suezmax Spot TCE

$112K

No prior period
VLCC Spot TCE

$153K

No prior period
Quarterly Dividend

$2.61

No prior period
Net Income

$659M

Previous: $77.5M+750.5%
Operating Income

$672M

Previous: $0.00

Revenue & EPS history

Frontline · Revenue · Quarterly

$943M

Q2 2026+96.5%vs Q2 2025
Beat estimate in 15 of 15 quarters(100%)
ActualEstimate

Forward guidance

Spot TCEs for full Q3 2026 expected to be lower than currently contracted rates due to ballast days.

Headwinds

  • Q3 spot TCEs anticipated lower than contracted levels owing to ballast days impact.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports

Historical avg

-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
Q2 2026
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 2009-1.9%
Q4 2010-1.9%
Q1 2011+2.2%
Q3 2010-2.4%
Q1 2010+0.6%
Q2 2010+0.6%

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