FRO Research | Milton Maxwell

FRO

Frontline plc

22.49

-0.26-1.14%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

≈ -/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Spot strategy, seasonal plateau eyed

2/26/26Feb 26, 2026

Q&A spotlighted management's spot-heavy strategy, capping time charter coverage at a one-third 'golden rule' to capture upside while securing some revenues via short-term deals. Analysts pressed on market ceilings, prompting Lars to flag seasonal U.S. refinery turnarounds and potential China inventory slowdowns leading to summer lows from current peaks. He framed a Korean VLCC cornering bid as a high-stakes game of chicken in a tight market. Dark fleet risks if Russia sanctions lift? Mostly aged tonnage won't rejoin compliant trade. This sets up volatile months ahead. Investors track spot execution and cash returns over deleveraging.

Key Stats

Market Cap

5.01B

P/E (TTM)

22.95

Basic EPS (TTM)

0.98

Dividend Yield

0.04%

About

Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide. The company owns and operates oil and product tankers, such as very large crude carriers (VLCCs), Suezmax tankers, and LR2/Aframax tankers. As of December 31, 2024, it operated a fleet of 81 vessels, including 41 VLCCs, 22 Suezmax tankers, and 18 LR2/Aframax tankers. The company is also involved in the charter, purchase, and sale of vessels. Frontline plc was founded in 1985 and is based in Limassol, Cyprus.

CEO

Mr. Lars H. Barstad

IPO

8/6/2001

Website

https://www.frontlineplc.cy

Employees

Sector

Energy

Industry

Oil & Gas Midstream