Frontline plc (FRO) Form 6-K — May 26, 2026
Frontline plc reported a strong first quarter of 2026, with profit surging to $559.1 million ($2.51 per share) from $227.9 million in the prior quarter, driven by elevated spot charter rates and a $210.9 million gain from selling eight older VLCCs. Adjusted profit reached $344.9 million ($1.55 per share), the highest level since Q4 2004, reflecting robust operational performance with VLCC spot TCEs averaging $103,500 per day amid Middle East geopolitical disruptions that tightened vessel supply.
Key figures
- Eps
- 2.51
- Revenue
- 714242000
- Net Income
- 559120000
- Cash Position
- 470759000
- Lr2 Spot TCE
- 50700
- Adjusted EPS
- 1.55
- Total Assets
- 5665499000
- Vlcc Spot TCE
- 103500
- Adjusted Profit
- 344922000
- Suezmax Spot TCE
- 72400
- Dividend Per Share
- 1.55
- Shares Outstanding
- 222622889
- Gain On Sale Of Vessels
- 210921000
- Debt Facility Refinancing
- 237500000
- Debt Facility Newbuildings
- 737000000
- Newbuildings Acquisition Cost
- 1224000000
AI analysis
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