Frontline CEO Says Growing Sanctions And Middle East Tensions Test Tanker Trade

Frontline plc (NYSE:FRO) reported second-quarter 2025 profit of $77.5 million, or 35 cents per share, down 59% from 84 cents in the same quarter last year but up from 15 cents in the first quarter.

Adjusted profit was $80.4 million, or 36 cents per share, missing analyst estimates of $0.47.

Revenue was $480.1 million, down 14% from $556.0 million last year, but ahead of the $309.85 million consensus and up from $427.9 million in the first quarter.

Also Read: Frontline CEO Says Tanker Industry’ Maintains Business As Usual’ Amid Uncertainty

Frontline reported average daily spot time charter equivalent (TCE) earnings of $43,100 for VLCCs, $38,900 for Suezmax tankers, and $29,300 for LR2/Aframax tankers.

Total TCE earnings rose to $283.0 million from $241.1 million in the first quarter, driving the quarter’s profit increase.

Operating cash flow for the first half of 2025 was $291.5 million, ...