Core Viewpoint - Frontline plc reported its first-quarter results for 2025, indicating stable performance amidst economic and political uncertainties, with improvements in fleet utilization and a strong liquidity position [1][2][3]. Financial Performance - The company achieved a profit of $33.3 million, or $0.15 per share, with an adjusted profit of $40.4 million, or $0.18 per share for Q1 2025 [5]. - Revenues for the first quarter were reported at $427.9 million [5]. - A cash dividend of $0.18 per share was declared for the first quarter of 2025 [5]. Fleet and Operations - Average daily spot time charter equivalent (TCE) earnings for VLCCs, Suezmax tankers, and LR2/Aframax tankers were $37,200, $31,200, and $22,300 respectively in Q1 2025 [5]. - Fleet growth remains slow, with ordering stalling, which supports the long-term fundamentals for tankers [2]. Liquidity and Financing - The company has strengthened its liquidity through refinancings in 2025, with no significant debt maturities until 2030 [3]. - Entered into three senior secured credit facilities in February 2025 for up to $239 million and a senior secured term loan facility in April 2025 for up to $1,286.5 million [5]. Market Outlook - Spot TCEs for the full second quarter of 2025 are expected to be lower than currently contracted due to ballast days [4]. - Utilization on larger ships has improved, and there are healthy developments in activity across segments due to pressure on sanctioned trades [2].

Frontline Plc (FRO) is scheduled to report its first-quarter 2025 results on May 23, before the market opens.The Zacks Consensus Estimate for earnings per share is currently pegged at 18 cents. The figure has remained stable over the past 60 days.Image Source: Zacks Investment ResearchFRO’s earnings have missed the Zacks Consensus Estimate in three of the last four quarters and met once, the average miss being 10%.Against this backdrop, let us take a look at the factors that might have shaped the company’s ...

Frontline plc.’s preliminary first quarter 2025 results will be released on Friday May 23, 2025, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at www.frontlineplc.cy ahead of the conference call. In order to attend the conference call you may do one of the following: a. Webcast Go to the Investor Relations section at www.frontlineplc.cy and follow the “Webcast” link, o ...

Core Viewpoint - OPEC+ plans to increase oil production, negatively impacting oil producers like ExxonMobil and ConocoPhillips, while benefiting oil transport companies like Frontline due to increased demand for shipping services as oil prices fall [1][3][6]. Group 1: Impact on Oil Producers - ExxonMobil and ConocoPhillips stocks are down 2.5% and 3.6% respectively following OPEC+'s announcement [2]. - Brent crude prices have decreased by 28% over the past year, contributing to the negative sentiment around oil producers [2]. - The increase in oil supply by OPEC+ is expected to lead to further price declines, which will negatively affect profits for ExxonMobil and ConocoPhillips [4][3]. Group 2: Impact on Oil Transport Companies - Frontline's stock is up 3.9% as the demand for oil transport services is expected to rise due to falling oil prices [2][6]. - The company benefits from increased shipping needs as consumers seek to purchase cheaper oil, leading to higher demand for Frontline's services [7]. - Frontline is considered a cheaper investment option with a trailing earnings ratio of 7.7 and a generous dividend yield of 4.7% [8]. Group 3: Long-term Considerations - Despite the current sell-off, long-term investors may consider buying Exxon and ConocoPhillips stocks due to their respectable dividend yields of 3.7% and 3.4% respectively [9]. - Both companies are reasonably priced with trailing profit ratios of 14.1 for Exxon and 11.7 for Conoco, suggesting potential for future growth as demand rebounds [10].

Core Insights - Verizon Frontline has announced Ericsson Enterprise Wireless Solutions as the latest partner to achieve "Verizon Frontline Verified" status, enhancing its offerings for public safety and critical communications [1][2]. Group 1: Partnership and Product Verification - Ericsson Enterprise Wireless Solutions is recognized as a market leader in 4G and 5G Wireless WAN edge solutions, providing secure connectivity for various sectors including public safety [2]. - The "Verizon Frontline Verified" program designates vendors whose products meet rigorous standards for public safety use on the Verizon network, ensuring reliability for first responders [3][4]. - Products like the Cradlepoint R980 router, which supports the Verizon Frontline Network Slice, are now verified, enhancing mission-critical communications capabilities for public safety agencies [2][3]. Group 2: Industry Context and Company Performance - Verizon Frontline is built on over three decades of collaboration with public safety officials, tailored to meet the unique needs of first responders [5]. - Verizon Communications Inc. reported revenues of $134.8 billion in 2024, highlighting its significant market presence and commitment to innovation in connectivity and security [6].

Group 1 - Frontline (FRO) is outperforming the Transportation sector with a year-to-date gain of 1.1%, while the sector has lost about 12.1% on average [4][5] - The Zacks Rank for Frontline is 1 (Strong Buy), indicating a positive outlook based on earnings estimates and revisions [3] - The consensus estimate for Frontline's full-year earnings has increased by 0.5% over the past 90 days, reflecting improving analyst sentiment [3] Group 2 - Frontline is part of the Transportation - Shipping industry, which has seen an average loss of 17.3% this year, further highlighting FRO's strong performance [5] - Grupo Aeroportuario del Centro Norte (OMAB) is another stock in the Transportation sector that has outperformed, with a year-to-date return of 11.9% [4] - The Transportation group is currently ranked 16 within the Zacks Sector Rank, which includes 16 different groups [2]

Core Viewpoint - Verizon Communications Inc. has successfully deployed Unmanned Aircraft Systems (UAS) to support the New Orleans Police Department during Mardi Gras, marking a significant advancement in public safety technology [1][2][7]. Group 1: Deployment and Technology - The deployment of UAS is part of Verizon's Frontline Crisis Response Team's efforts to enhance public safety during large-scale events like Mardi Gras, which contributes over $1 billion to the local economy annually [2][3]. - The UAS technology includes advanced features such as multiple camera types for various operational needs, capable of powering up in less than 40 seconds and reaching speeds of up to 45 miles per hour [4]. - Verizon's Frontline team conducted over 140 UAS flights, totaling more than 45 hours in the air, assisting the NOPD in maintaining safety during the festivities [4]. Group 2: Impact on Public Safety and Business - Verizon's commitment to public safety technology is reinforced through its innovative solutions, which are expected to generate increased demand and higher revenues, potentially boosting stock performance [7]. - The Frontline Crisis Response Team provides 24/7 emergency support, including portable cell sites and Wi-Fi hotspots, enhancing communication during crises [6]. - Verizon's extensive experience with public safety agencies positions it as a leader in the industry, addressing evolving needs and improving overall network performance [5][7]. Group 3: Stock Performance - Verizon's stock has seen a 4.4% increase over the past year, contrasting with the industry's growth of 35.2%, indicating a potential area for improvement [8].

Group 1: Qifu Technology, Inc. (QFIN) - Qifu Technology is a Credit-Tech platform in China providing technology services for financial institutions, consumers, and SMEs throughout the loan lifecycle [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate has increased by 8.3% over the last 60 days [1] - Qifu Technology has a price-to-earnings ratio (P/E) of 5.21, significantly lower than the industry average of 11.30, and holds a Value Score of A [2] Group 2: Newmark Group (NMRK) - Newmark Group is a commercial real estate advisory firm offering a range of services including investment sales, debt and structured finance, and property management [3] - The company also carries a Zacks Rank of 1 and has seen its current year earnings estimate increase by 3.6% over the last 60 days [3] - Newmark Group has a P/E ratio of 7.30 compared to the industry average of 10.30, and it possesses a Value Score of A [4] Group 3: FRONTLINE PLC (FRO) - FRONTLINE PLC is engaged in the seaborne transportation of crude oil and oil products [4] - The company has a Zacks Rank of 1 and its current year earnings estimate has increased by 10.4% over the last 60 days [4] - FRONTLINE has a P/E ratio of 6.41, lower than the industry average of 8.90, and holds a Value Score of B [5]

Industry Dynamics - The tanker industry is highly cyclical and volatile, with revenues and earnings significantly affected by changes in supply and demand for tanker capacity and oil products [31]. - The ongoing war in Ukraine and conflicts in Israel and Gaza have disrupted energy production and trade patterns, impacting energy demand and costs [31]. - A shift in consumer demand from oil to alternative energy sources could materially impact the demand for the company's vessels [38]. - The International Energy Agency forecasts "peak oil" extraction rates to occur in the late 2020s, which may affect future oil demand and shipping patterns [39]. - The demand for oil tankers is primarily driven by economies of industrial countries and competition from alternative energy sources, making it sensitive to global economic conditions [34]. - Political instability and public health threats can adversely affect the tanker industry, impacting the company's business [69]. Operational Risks - The company relies on information systems for navigation and operations, and any significant disruption could adversely affect business and operational efficiency [44]. - The company faces risks related to regulatory changes, environmental concerns, and technological advancements that could impact operational costs and vessel values [41]. - Cybersecurity threats to the company's information systems are evolving and increasingly complex, potentially leading to significant operational disruptions [47]. - Significant capital may be required to protect against and remedy security breaches, which could adversely affect the company's financial condition [48]. - The company must maintain compliance with complex laws and regulations, which may require costly operational changes and affect vessel resale values [90][91]. Financial Performance - An oversupply of tanker capacity may lead to reductions in charter rates, vessel values, and profitability, adversely affecting financial performance [37]. - Economic conditions, including high inflation and interest rates, could impede operations and negatively impact the company's ability to pay dividends [60]. - Increased trade protectionism and tariffs could materially impact the charterers' business, adversely affecting the company's results of operations [64]. - The U.S. trade war with China may impose significant fees on vessels owned by Chinese shipping companies, potentially affecting the company's operations [66]. - The company may incur financial penalties or additional taxes if it fails to maintain sufficient economic substance in Cyprus or other jurisdictions, adversely affecting its business and financial condition [127]. - The company cannot guarantee the ability to obtain additional financing on acceptable terms, which may hinder growth and negatively impact cash flows and results of operations [129]. Compliance and Regulatory Environment - Compliance with international safety and environmental regulations is costly and may reduce net cash flows and profitability [84][93]. - The company has incurred increased costs to comply with revised environmental standards, which could adversely affect its financial condition [93]. - The implementation of a Russian petroleum "price cap policy" could create additional operational risks, including potential fines and penalties for non-compliance [75]. - The company is subject to potential changes in tax regimes, including the OECD's two-pillar project, which could increase tax compliance burdens and affect financial results [157]. - The company is subject to the risk of being classified as a "passive foreign investment company" (PFIC), which could have adverse tax consequences for U.S. shareholders [146]. Fleet and Asset Management - The company operates various types of vessels, including VLCCs (200,000-320,000 dwt), Suezmax (120,000-170,000 dwt), and LR2/Aframax tankers (110,000-115,000 dwt) [23]. - The company operates a modern fleet, with all but one vessel being ECO vessels and an average age of 6.6 years, positioning it well to meet environmental regulations [201]. - As of December 31, 2024, the fleet consisted of 81 vessels with a total capacity of approximately 17.8 million DWT [190]. - The average age of the company's fleet is approximately 6.6 years as of December 31, 2024, which may lead to increased operating costs as vessels age [113]. - The company may incur losses when selling vessels if market values decline, potentially leading to impairment charges [106]. Market Conditions - The tanker market has historically been volatile, and future spot market rates may decline or remain depressed, affecting the company's ability to operate profitably [100]. - The company is dependent on the spot market, and a decrease in spot charter rates may incentivize charterers to default on their charters [98]. - Changes in fuel prices significantly impact the company's profitability, especially for vessels on voyage charters [104]. - As of December 31, 2024, 75 out of 81 vessels owned by the company were employed in the spot market or on short-term charters, exposing the company to fluctuations in spot market charter rates [98]. Strategic Initiatives - The company emphasizes a strategy of outsourcing management and crewing services to optimize operational performance and cost levels [198]. - The Company acquired six ECO-type VLCC newbuilding contracts for a total purchase price of $565.8 million, with four delivered in 2022 and two in January 2023 [176]. - The Company entered into a Framework Agreement to purchase 24 VLCCs for an aggregate price of $2,350.0 million, with 11 vessels delivered in December 2023 for $1,112.2 million [185][186]. - The Company sold 13,664,613 shares in CMB.TECH for $251.8 million, which was used to partly finance the Acquisition [188]. Human Resources - The company may face challenges in recruiting suitable employees and crew as it expands its fleet, which could limit growth [115]. - The company employed 85 people across various locations as of December 31, 2024, and relies on third-party ship managers for vessel operations, which could be affected by labor interruptions [139]. - The company may not be able to attract and retain key management personnel, which could negatively impact management effectiveness and operational results [138].

Group 1 - The company, Frontline plc, has filed its annual report for the year ended December 31, 2024 [1] - The annual report is available for download on the company's website or through a provided link [1] - Shareholders can request a hard copy of the complete audited financial statements free of charge [1] Group 2 - Contact information for inquiries is provided, including the CEO and CFO of Frontline Management AS [2] - The information is subject to disclosure requirements under the Norwegian Securities Trading Act [2]