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Frontline Earnings Calls
| Release date | May 22, 2026 |
| EPS estimate | $2.44 |
| EPS actual | $2.51 |
| EPS Surprise | 2.87% |
| Revenue estimate | 579.594M |
| Revenue actual | 536.549M |
| Revenue Surprise | -7.43% |
| Release date | Feb 27, 2026 |
| EPS estimate | $1.15 |
| EPS actual | $1.03 |
| EPS Surprise | -10.43% |
| Revenue estimate | 457.091M |
| Revenue actual | 424.507M |
| Revenue Surprise | -7.13% |
| Release date | Nov 21, 2025 |
| EPS estimate | $0.267 |
| EPS actual | $0.190 |
| EPS Surprise | -28.81% |
| Revenue estimate | 262.101M |
| Revenue actual | 432.654M |
| Revenue Surprise | 65.07% |
| Release date | Aug 29, 2025 |
| EPS estimate | $0.420 |
| EPS actual | $0.360 |
| EPS Surprise | -14.29% |
| Revenue estimate | 253.278M |
| Revenue actual | 480.077M |
| Revenue Surprise | 89.55% |
Last 4 Quarters for Frontline
Below you can see how FRO performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
| Release date | Aug 29, 2025 |
| Price on release | $20.90 |
| EPS estimate | $0.420 |
| EPS actual | $0.360 |
| EPS surprise | -14.29% |
| Date | Price |
|---|---|
| Aug 25, 2025 | $20.46 |
| Aug 26, 2025 | $20.10 |
| Aug 27, 2025 | $20.52 |
| Aug 28, 2025 | $20.72 |
| Aug 29, 2025 | $20.90 |
| Sep 02, 2025 | $20.89 |
| Sep 03, 2025 | $21.81 |
| Sep 04, 2025 | $21.77 |
| Sep 05, 2025 | $22.15 |
| 4 days before | 2.15% |
| 4 days after | 5.98% |
| On release day | -0.0478% |
| Change in period | 8.26% |
| Release date | Nov 21, 2025 |
| Price on release | $25.90 |
| EPS estimate | $0.267 |
| EPS actual | $0.190 |
| EPS surprise | -28.81% |
| Date | Price |
|---|---|
| Nov 17, 2025 | $25.30 |
| Nov 18, 2025 | $25.77 |
| Nov 19, 2025 | $25.20 |
| Nov 20, 2025 | $24.99 |
| Nov 21, 2025 | $25.90 |
| Nov 24, 2025 | $24.96 |
| Nov 25, 2025 | $23.99 |
| Nov 26, 2025 | $23.52 |
| Nov 28, 2025 | $23.52 |
| 4 days before | 2.37% |
| 4 days after | -9.19% |
| On release day | -3.63% |
| Change in period | -7.04% |
| Release date | Feb 27, 2026 |
| Price on release | $37.95 |
| EPS estimate | $1.15 |
| EPS actual | $1.03 |
| EPS surprise | -10.43% |
| Date | Price |
|---|---|
| Feb 23, 2026 | $35.09 |
| Feb 24, 2026 | $36.52 |
| Feb 25, 2026 | $36.46 |
| Feb 26, 2026 | $37.28 |
| Feb 27, 2026 | $37.95 |
| Mar 02, 2026 | $39.62 |
| Mar 03, 2026 | $37.14 |
| Mar 04, 2026 | $36.28 |
| Mar 05, 2026 | $34.92 |
| 4 days before | 8.15% |
| 4 days after | -7.98% |
| On release day | 4.40% |
| Change in period | -0.484% |
| Release date | May 22, 2026 |
| Price on release | $37.12 |
| EPS estimate | $2.44 |
| EPS actual | $2.51 |
| EPS surprise | 2.87% |
| Date | Price |
|---|---|
| May 18, 2026 | $37.74 |
| May 19, 2026 | $37.44 |
| May 20, 2026 | $38.94 |
| May 21, 2026 | $38.44 |
| May 22, 2026 | $37.12 |
| May 26, 2026 | $36.57 |
| May 27, 2026 | $35.46 |
| May 28, 2026 | $34.54 |
| May 29, 2026 | $34.67 |
| 4 days before | -1.64% |
| 4 days after | -6.60% |
| On release day | -1.48% |
| Change in period | -8.13% |
Frontline Earnings Call Transcript Summary of Q1 2026
Frontline reported a very strong Q1 2026 driven by exceptionally high tanker rates amid disrupted Middle East flows. Reported profit was $559 million ($2.51/share) with adjusted profit of $344.9 million ($1.55/share). TCE (time-charter equivalent) earnings in Q1 were $103,500/day (VLCC), $72,400/day (Suezmax) and $50,700/day (LR2/Aframax). Significant forward booking in Q2: ~82% of VLCC days at $181,700/day, ~79% of Suezmax days at $131,300/day and ~68% of LR2/Aframax days at $125,000/day. Frontline has strong liquidity (cash + undrawn revolver ~ $945 million), no meaningful debt maturities before 2030, and remaining newbuilding commitments of $925 million with financing largely secured. Fleet: 72 vessels (33 VLCC, 21 Suezmax, 18 LR2), average age 7.5 years, 100% eco vessels (64% scrubber-fitted). Estimated cash breakeven ~ $24,100/day fleet average. Management highlights structural drivers: disrupted Strait of Hormuz shifted trade patterns, increasing ton-mile demand and tightening fundamentals; orderbook growth is manageable versus aging fleet; potential for restocking and longer-haul trade to sustain elevated rates. Management has balanced spot exposure with selective short-term time-charter cover (~30% of VLCC voyage days covered for the next 12 months) to manage tail risk.
