Frontline is one of the world’s largest independent tanker owners, operating a fleet of very large crude carriers (VLCCs), Suezmax and product/Aframax tankers that move crude oil and refined products on global seaborne trades. Revenue is driven by voyage and time-charter rates that reflect tanker supply, oil demand and trade-lane dynamics. The company is known for scale in crude oil shipping and an asset-heavy, cyclical shipping business model.
| Quarter | Revenue | YoY % | Earnings | YoY % |
|---|---|---|---|---|
| Q1 2025 | 427.9 | — | 33.3 | -75.9% |
| Q2 2025 | 480.1 | — | 77.5 | -43.8% |
| Q3 2025 | 432.6 | — | 40.3 | -46.7% |
| Q4 2025 | 624.5 | — | 227.9 | 411.9% |
| Q1 2026 | 714.2 | 66.9% | 559.1 | 1,579.7% |
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