Frontline (NYSE:FRO) Releases Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Market Beat
2026.05.23 12:10
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Frontline (NYSE:FRO) reported Q1 earnings of $2.51 EPS, exceeding estimates by $0.07. Revenue reached $714.24 million, up 66.9% year-over-year. The company declared a quarterly dividend of $1.55 per share, up from $1.03, with a yield of 16.7%. Analysts have mixed ratings, with an average target price of $39.00. Frontline maintains strong liquidity and plans to cover 30% of voyage days over the next year while keeping significant spot exposure.