Q3 Earnings Outlook for Frontline
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Should l Buy FRO?
Source: SeekingAlpha
Earnings Announcement: Frontline (FRO) is set to announce its Q3 earnings on November 21st, with an expected EPS of $0.23 and revenue of $269.02 million, reflecting significant year-over-year declines.
Performance History: Over the past two years, FRO has beaten EPS estimates 25% of the time and has consistently beaten revenue estimates 100% of the time.
Market Insights: The company is viewed as overvalued and underperforming, with discussions around its premium valuation not being justified.
Industry Trends: Supertanker dayrates have surged to $125,000, marking the highest rates since the pandemic, while the U.S. plans to pause port fees on ships from China next week.
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Analyst Views on FRO
Wall Street analysts forecast FRO stock price to fall
3 Analyst Rating
2 Buy
0 Hold
1 Sell
Moderate Buy
Current: 33.280
Low
14.36
Averages
23.45
High
30.00
Current: 33.280
Low
14.36
Averages
23.45
High
30.00
About FRO
FRONTLINE PLC is a Cyprus-based company primarily operating in the transportation sector. The Company's main focus is on seaborne transportation of crude oil and refined products. The Company owns and operates a fleet consisting of multiple VLCC, Suezmax and LR2 / Aframax tankers intended for freight of oil and cargo. The Company operates worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oil Prices Surge: The threat of war has caused WTI crude futures to rise over 4.5% to $65 per barrel, marking the largest daily increase in months, reflecting the market's heightened tension and anxiety over the Middle East situation.
- Energy Market Turmoil: Gold prices have risen above $5,000 due to war threats, and any closure or disruption of the Strait of Hormuz could lead to chaos in energy supply chains, further driving up oil prices and causing market instability.
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- Military Drill Impact: Iran's announcement of the temporary closure of the Strait of Hormuz for live-fire drills, a rare display of military force during nuclear negotiations, has triggered immediate alerts for global shipping giants and U.S. defense contractors.
- Oil Price Fluctuations: The closure of a passage that handles 20% of the world's oil has led to Brent crude trading at approximately $67.63 per barrel and West Texas Intermediate near $62.40, with slight increases, yet the market remains uncertain.
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Market Volatility: News headlines can cause significant fluctuations in crude oil prices, sometimes changing by several dollars within a single day.
See More
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- Strategic Renewal: Frontline plc announces the sale of eight first-generation ECO VLCCs built between 2015 and 2016 for a total of $831.5 million, with delivery scheduled for Q1 2026, which is expected to generate approximately $486 million in net cash proceeds, significantly enhancing the company's liquidity.
- Financial Gains: The transaction is projected to yield a gain of approximately $217.4 million to $226.7 million in Q1 2026, further improving the company's financial performance and supporting future investment plans.
- New Vessel Orders: Concurrently, Frontline has signed an agreement to acquire nine latest-generation scrubber-fitted ECO VLCC newbuilding contracts from its largest shareholder for an aggregate price of $1.224 billion, with deliveries scheduled from Q3 2026 to Q2 2027, enhancing the company's competitive position in the VLCC market.
- Modern Fleet Composition: Upon completion of these transactions, Frontline's fleet will expand to 81 vessels, including 42 VLCCs, 21 Suezmax tankers, and 18 LR2/Aframax tankers, further improving operational efficiency and environmental capabilities.
See More
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- Significant Stock Surge: Frontline plc's stock jumped 9.53% to close at $23.67 on Wednesday, primarily driven by President Trump's announcement that the US would seize up to 50 million barrels of sanctioned crude oil from Venezuela, indicating a positive outlook for the company's business prospects.
- Investor Confidence Boosted: As one of the world's largest seaborne transporters of crude oil and refined products, Frontline is expected to benefit significantly from the seizure, which has sparked increased buying interest among investors, thereby driving the stock price higher.
- Market Dynamics Shift: The US successfully seized two sanctioned tankers on the same day, including a Russian-flagged oil tanker, and this action, coupled with the arrest of ousted Venezuelan President Maduro and his wife on drug-related charges, has further heightened market attention on Frontline.
- Financial Performance Review: Despite reporting a 33% decline in net income to $40.3 million and an 11.8% drop in revenues to $432.6 million in the third quarter of last year, the current market dynamics may provide opportunities for financial recovery for Frontline moving forward.
See More
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- Strong Market Signals: The crude tanker market is currently experiencing sustained strength, with the Baltic Index exceeding $100,000 per day for 23 days, indicating a market environment reminiscent of 2020 and 2008, which suggests enhanced long-term profitability.
- VLCC Influence Strengthens: The independent strength of VLCCs has lifted Suezmax earnings, marking a shift in market drivers and indicating a recovery across the entire tanker market, particularly with improved performance in mid-sized vessels.
- Supply and Demand Dynamics: The constrained order book due to shipyard congestion and an aging global fleet has shifted the practical scrapping age from 15 to approximately 20 years, capping downside risks and supporting a long-term market cycle.
- Capital Allocation Strategies: DHT Holdings is enhancing market credibility and supporting premium valuations through strategies centered on dividends, vessel investments, and share buybacks, demonstrating the momentum of capital allocation strategies under strong cash flows.
See More
