Frontline plc (FRO) remains a buy but is now best suited for aggressive investors due to a lower yield and higher valuation. FRO faces ongoing geopolitical risks and insurance costs, but the recent Red Sea ceasefire and sanctions on Russian oil create positive macro tailwinds. Q3 earnings missed expectations, but a surge in VLCC bookings and higher rates signal a potentially strong Q4 performance.
Frontline plc ( FRO ) Q3 2025 Earnings Call November 21, 2025 9:00 AM EST Company Participants Lars Barstad - Chief Executive Officer of Frontline Management AS Inger Klemp - Chief Financial Officer of Frontline Management AS Conference Call Participants Jonathan Chappell - Evercore ISI Institutional Equities, Research Division Sherif Elmaghrabi - BTIG, LLC, Research Division Omar Nokta - Jefferies LLC, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Third Quarter 2025 Frontline Earnings Conference Call and Webcast.
Frontline plc remains a buy, due to strong fundamentals and favorable macro trends in oil shipping, including continued profitability and a (relatively) rising dividend. The company experienced a positive summer, validating my previous optimistic outlook. Shipping industry tailwinds continue to support Frontline's growth prospects and earnings potential, including increased political pushback against sanctioned crude.
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Lars H. Barstad CEO | LSE Exchange | CY0200352116 ISIN |
| BM Country | 85 Employees | 12 Dec 2025 Last Dividend | 3 Feb 2016 Last Split | 6 Aug 2001 IPO Date |
Frontline plc is a prominent shipping company with a focus on the seaborne transportation of crude oil and oil products across the globe. Established in 1985, the company is headquartered in Limassol, Cyprus, and has carved a niche for itself in the maritime transport industry over the years. As of the end of 2022, Frontline boasts a robust operational fleet of 70 vessels, showcasing its significant capacity to meet the demanding needs of global oil transportation. The company's business operations are not limited to transportation alone but also encompass the charter, purchase, and sale of vessels, highlighting its versatility and comprehensive involvement in the maritime sector.
Frontline plc specializes in the transportation of crude oil and various oil products across international waters. Utilizing its vast fleet of oil and product tankers, the company ensures efficient and reliable delivery of oil commodities to different parts of the world, adhering to the highest safety and environmental standards.
The company owns and operates a diverse fleet of oil and product tankers, designed to meet the specific requirements of carrying crude oil and oil products. This capability enables Frontline plc to offer flexible and adaptive transportation solutions, catering to the unique needs of its clientele in the ever-evolving global oil market.
In addition to its core transportation services, Frontline plc engages in the chartering, purchasing, and selling of vessels. This aspect of its operations allows for strategic fleet management and the optimization of its assets to align with market demands and opportunities, thereby enhancing the company's growth and profitability potentials.