Frontline(FRO)
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Frontline(FRO) - 2025 Q1 - Quarterly Report
2025-05-23 20:04
(Translation of registrant's name into English) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of May 2025 Commission File Number: 001-16601 FRONTLINE PLC 8, Kennedy Street, Iris House, Off. 740B, 3106 Limmasol, Cyprus (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of ...
FRO - Q1 2025 Presentation
Globenewswire· 2025-05-23 12:02
Group 1 - The presentation of Frontline plc's first quarter 2025 results is scheduled for a webcast/conference call on May 23, 2025, at 15:00 CET [1] - The information is subject to the disclosure requirements under the Norwegian Securities Trading Act [1]
FRO – First Quarter 2025 Results
Globenewswire· 2025-05-23 05:30
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 to Report Q1 Earnings: What's in Store for the Stock?
ZACKS· 2025-05-21 15:01
Core Viewpoint - Frontline Plc (FRO) is expected to report its first-quarter 2025 results on May 23, with earnings per share estimated at 18 cents, remaining stable over the past 60 days [1][2]. Group 1: Earnings Estimates and Trends - The Zacks Consensus Estimate for FRO's earnings per share for Q1 2025 is 0.18, with no changes over the past 60 days [2]. - The earnings estimates for subsequent quarters are 0.49 for Q2, 2.09 for E1, and 3.19 for F2, with a notable decrease of 12.50% for Q2 compared to 30 days ago [2]. - FRO has missed the Zacks Consensus Estimate in three of the last four quarters, with an average miss of 10% [2]. Group 2: Factors Influencing Performance - Supply-chain disruptions and escalated voyage operating costs are expected to negatively impact FRO's bottom-line performance for the first quarter [3]. - Geopolitical risks are anticipated to pose operational challenges that may hurt results [3]. - Low spot tanker rates are also expected to be reflected in the first-quarter results, with management likely to provide updates on the current tariff-related scenario [4]. Group 3: Positive Aspects - Continued fleet expansion initiatives are likely to have positively influenced the company's performance [5]. - Increased freight costs due to reduced container availability from Red Sea tensions are expected to aid FRO's quarterly performance, particularly in services to East Mediterranean and Israeli ports [5]. - Revenues and carried volumes are anticipated to surge due to disruptions, with lower capacity expected to boost earnings in the upcoming quarter [5]. Group 4: Zacks Model Insights - The Zacks model does not predict an earnings beat for FRO this time, as the Earnings ESP is 0.00%, indicating the Most Accurate Estimate aligns with the Zacks Consensus Estimate [6]. - FRO currently holds a Zacks Rank of 4 (Sell), suggesting a less favorable outlook compared to higher-ranked stocks [7].
FRO – Invitation to Q1 2025 Results Conference Call and Webcast
Globenewswire· 2025-05-16 12:40
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 ...
Why Frontline Stock Popped, but Exxon and ConocoPhillips Dropped
The Motley Fool· 2025-05-05 15:04
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].
Verizon welcomes Ericsson to the ranks of “Verizon Frontline Verified” partners
GlobeNewswire News Room· 2025-04-30 13:00
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].
Is FRONTLINE PLC (FRO) Stock Outpacing Its Transportation Peers This Year?
ZACKS· 2025-04-10 14:45
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]
Verizon's Frontline Solution Enhances Security in Mardi Gras Festival
ZACKS· 2025-04-08 17:10
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].
Best Value Stocks to Buy for April 8th
ZACKS· 2025-04-08 13:10
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]