FRO – Third Quarter and Nine Months 2024 Results
Frontline Plc Ordinary Shares (FRO)
Last frontline plc ordinary shares earnings: 2/27 01:30 am
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US:NYSE Investor Relations:
frontline.bm/page/7/investor_relations
Company Research
Source: GlobeNewswire
FRONTLINE PLC REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024 Frontline plc (the “Company”, “Frontline,” “we,” “us,” or “our”), today reported unaudited results for the three and nine months ended September 30, 2024: Highlights Profit of $60.5 million, or $0.27 per share for the third quarter of 2024.Adjusted profit of $75.4 million, or $0.34 per share for the third quarter of 2024.Declared a cash dividend of $0.34 per share for the third quarter of 2024.Reported revenues of $490.3 million for the third quarter of 2024.Achieved average daily spot time charter equivalent earnings ("TCEs")1 for VLCCs, Suezmax tankers and LR2/Aframax tankers in the third quarter of $39,600, $39,900 and $36,000 per day, respectively.Sold its oldest Suezmax tanker, built in 2010, for a net sales price of $48.5 million and delivered the vessel to its new owner in October 2024. The transaction generated net cash proceeds of $36.5 million after repayment of existing debt.Fully repaid the s
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FRO
News
- Frontline plc (NYSE: FRO) had its price target lowered by analysts at Jefferies Financial Group Inc. from $26.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- FRO – 2024 Annual General MeetingGlobeNewswire
- Frontline plc (NYSE: FRO) was downgraded by analysts at Kepler Capital Markets from a "buy" rating to a "hold" rating. They now have a $15.83 price target on the stock.MarketBeat
- Is the Options Market Predicting a Spike in Frontline (FRO) Stock? [Yahoo! Finance]Yahoo! Finance
- Frontline PLC (FRO) Q3 2024 Earnings Call Highlights: Navigating Market Challenges with Strong ... [Yahoo! Finance]Yahoo! Finance
FRO
Earnings
- 11/27/24 - Miss
FRO
Sec Filings
- 12/16/24 - Form 6-K
- 11/27/24 - Form 6-K
- 11/13/24 - Form SC
- FRO's page on the SEC website