Added to YB: 2026-05-25
Pitch date: 2026-05-21
FRO [neutral]
Frontline plc
Author Info
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Company Info
Frontline plc, a shipping company, engages in the ownership and operation of oil and product tankers worldwide.
Market Cap
$8.3B
Pitch Price
N/A
Price Target
N/A
Dividend
4.74%
EV/EBITDA
8.82
P/E
9.13
EV/Sales
4.63
Sector
Oil, Gas and Consumable Fuels
Category
dividend
Earnings Edge for Friday: Frontline (FRO)
FRO (earnings): 92% VLCC Q1 days booked at higher rates vs Q4; selling 8 ECO VLCCs for $831.5M, buying 9 scrubber newbuilds = $217-227M Q1 gain. VLCC utilization to hit 92% in 2026 (highest since 2019) on sanctions ton-mile demand. Risk: shadow fleet return, Iran sanctions ease could compress spot rates & unwind cyclical earnings.
Read full article (2 min)