Frontline plc (FRO) Falls After Missing Profit Estimates in Q3

Core Viewpoint - Frontline plc (NYSE:FRO) experienced a significant decline in share price and missed profit estimates for Q3 2025, despite exceeding revenue forecasts, indicating challenges in the shipping sector and fluctuating market conditions [1][3]. Financial Performance - The adjusted earnings per share for Frontline in Q3 were $0.19, which was $0.05 below expectations [3]. - The net profit for the quarter decreased by over 33% year-over-year due to lower Time Charter Equivalent (TCE) rates and variations in other income and expenses [3]. - Revenue for the quarter was reported at $432.6 million, down nearly 12% year-over-year, but exceeded forecasts by over $163 million [3]. Dividend and Future Outlook - Frontline declared a quarterly dividend of $0.19 per share on November 24, demonstrating commitment to shareholders [4]. - The company noted a significant rate increase in Q4, driven by changes in U.S. refinery operations and demand shifts in Asia, particularly regarding Russian crude [4]. - CEO Lars H. Barstad highlighted the strengthening freight markets, especially for Very Large Crude Carriers (VLCCs), and expressed optimism about the fundamentals as the company enters the winter market with high freight rates [4].