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 (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

FY Q3 '25

LR2 sale hints emerge

11/20/25Nov 20, 2025

Q&A hinted at divesting the LR2 fleet to sharpen focus on VLCCs and Suezmaxes, as arbitrage revives long-haul scale advantages missed post-Russia-Ukraine. Management rejected deleveraging pleas, prioritizing payouts over peer-like low leverage amid hesitation on newbuilds. Older vessels exit compliant trades via insurance hikes and terminal bans around 20 years, not scrapping; dark fleet idles with recycling talks underway. LR2 spreads surprise but setup excites with dirty trading limiting clean supply. No Q4 upside assured beyond 75% bookings; Q1 tightness holds. Ships fade quietly from compliance. Bullish vigor intact—fleet shifts matter next.

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