Frontline posts Q4 profit of $227.9 mln, enters agreements to sell older vessels

Frontline

27/02/2026 06:39

Overview

The shipping company's Q4 profit was $227.9 mln, with adjusted profit at $230.4 mln

Company reported Q4 revenue of $624.5 mln

Frontline entered agreements to sell 8 older vessels and acquire 9 newbuildings

Outlook

Frontline anticipates lower spot TCEs in Q1 2026 due to ballast days

Company sees constructive market environment due to oil demand and fleet supply imbalance

Frontline positions to capitalize on tanker industry opportunities with fleet renewal

Result Drivers

HIGH TCE RATES - Achieved high average daily spot TCEs for VLCCs, Suezmax, and LR2/Aframax tankers, contributing to Q4 revenue

FLEET RENEWAL - Entered agreements to sell older vessels and acquire new scrubber-fitted ECO VLCCs, enhancing fleet efficiency

FIXED REVENUE - Secured time charter-out agreements for VLCCs at attractive rates, providing stable income

Company press release: ID:nGNX6WLGwL

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$624.50 mln
Q4 Dividend
$1.03


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Frontline Plc is NOK298.65, about 14.6% below its February 26 closing price of NOK349.90

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)