Frontline
Owns and operates crude-oil and product tankers for international seaborne transport.
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Profile
Owns and operates crude-oil and product tankers for international seaborne transport. Technical and commercial leadership sits with Frontline Management AS; the Cyprus-incorporated parent is listed primarily in New York and secondarily in Oslo, and its fleet expanded through a 24-VLCC purchase from Euronav/CMB.TECH.
Owns and operates oil and product tankers for international seaborne transport. Technical and commercial leadership sits with Frontline Management AS, while the parent is incorporated in Cyprus and listed primarily in New York. The company traces its origin to Frontline AB, founded in Sweden in 1985.
The present organization follows a series of restructurings and combinations, including a mid-2010s recombination with Frontline 2012. A later settlement with Euronav/CMB.TECH resulted in the purchase of a 24-VLCC fleet and ended arbitration. NYSE remains the primary listing, with a secondary listing in Oslo.
Company facts
Categories
Key statistics
Year to date +115% · Average volume (30d) 2.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Danske Bank | Downgrade | Hold | Sell | ||
| Apr 22, 2026 | Evercore ISI Group | Downgrade | Outperform | In Line | ||
| Feb 27, 2026 | Evercore ISI | Target | $26 | $42 | ||
| Feb 4, 2026 | BTIG | Reiterate | Buy | $30 | $35 | |
| Oct 28, 2025 | Evercore ISI | Target | $25 | $26 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 28, 2026Q2 FY26 | $2.74 | $2.96 | +8.0% | $758.9M | $753.3M | −0.7% | +1.01% |
| May 22, 2026Q1 FY26 | $2.44 | $2.51 | +2.9% | $579.6M | $536.5M | −7.4% | −1.48% |
| Feb 27, 2026Q4 FY25 | $1.15 | $1.03 | −10.4% | $457.1M | $424.5M | −7.1% | +4.40% |
| Nov 21, 2025Q3 FY25 | $0.27 | $0.19 | −28.8% | $262.1M | $432.7M | +65.1% | −3.63% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $427.9M | $480.1M | $432.7M | $624.5M | $714.2M | $943.3M | |
| Gross profit | $106.3M | $143.5M | $105.3M | $288.9M | $396.0M | $608.6M | |
| Operating income | $93.2M | $131.9M | $96.0M | $277.7M | $370.0M | $596.1M | |
| Net income | $33.3M | $77.5M | $40.3M | $227.9M | $559.1M | $659.2M | |
| Diluted EPS | $0.15 | $0.35 | $0.18 | $1.02 | $2.51 | $2.96 | |
| Gross margin | 24.8% | 29.9% | 24.3% | 46.3% | 55.4% | 64.5% | |
| Operating margin | 21.8% | 27.5% | 22.2% | 44.5% | 51.8% | 63.2% |
Fiscal years (4-quarter sums)FY21 $749.4M · FY22 $1.43B · FY23 $1.80B · FY24 $2.05B · FY25 $1.97B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $322.3M · Total debt $2.43B · Total assets $5.81B · Shareholders' equity $3.16B
Dividends
Last raised to $1.55 from $1.03 in Jun 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 23 | $1.55 | raised from $1.03 |
| Mar 12, 2026 | Mar 12 | Mar 19 | $1.03 | raised from $0.19 |
| Dec 12, 2025 | Dec 12 | Dec 19 | $0.19 | cut from $0.36 |
| Sep 12, 2025 | Sep 12 | Sep 24 | $0.36 | raised from $0.18 |
| Jun 12, 2025 | Jun 12 | Jun 24 | $0.18 | cut from $0.20 |
| Mar 14, 2025 | Mar 14 | Mar 31 | $0.20 | cut from $0.34 |
| Dec 11, 2024 | Dec 11 | Dec 31 | $0.34 | cut from $0.62 |
| Sep 13, 2024 | Sep 13 | Sep 30 | $0.62 |
Ownership
Shares outstanding 222.62M · Float 120.78M · 54.3% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| C.K. Limited | 79.15M | 35.60% | 13D | Mar 27, 2026 |
| Arrowstreet Capital, Limited Partnership | 5.78M | 2.60% | 13F | May 14, 2026 |
| Vanguard Capital Management LLC | 4.50M | 2.02% | 13F | May 15, 2026 |
| Two Sigma Investments, LP | 3.16M | 1.42% | 13F | May 15, 2026 |
| JPMorgan Chase & Co | 2.87M | 1.29% | 13F | May 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- DHT
Pure-play VLCC owner competing for crude-oil charters
- International Seaways
Diversified crude and product tanker operator
- Teekay Tankers
Suezmax and Aframax/LR2 tanker operator
- Okeanis Eco Tankers (ADR)
Modern VLCC and Suezmax tanker operator
- Nordic American Tankers
NYSE-listed owner of a Suezmax-only tanker fleet
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| Okeanis Eco Tankers (ADR) | $67.05 | +0.32% | $2.19B | 6.2 | 6.1 | 3.6 | +185.4% |
| Nordic American Tankers | $6.79 | +0.17% | $1.43B | 11.6 | 17.5 | 3.9 | +56.9% |
| Median | 6.3 | 6.9 | 3.9 | +98.7% |