Frontline delivered solid Q3 results, supported by resilient oil demand and strengthening freight markets, particularly for VLCCs. The company converted loan facilities to increase financial flexibility and reduced breakeven costs. Net income reached $40.3 million and adjusted EPS came in at $0.19.
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.
Frontline delivered a profitable Q1 2025 with $427.9 million in revenue and $33.3 million in net income, supported by stable tanker rates and efficient fleet operations.
Frontline posted Q4 2024 revenue of $425.6 million and net income of $66.7 million. Adjusted earnings per share came in at $0.20. The company refinanced existing debt and maintained strong liquidity, while oil transportation demand was impacted by global trade shifts.