FRO Frontline (FRO) Q1 FY26 earnings call
Frontline reported its most profitable quarter since 2004, driven by strong tanker market fundamentals and strategic time charter coverage amidst geopolitical disruptions. The company is navigating the complex Middle East situation, which has led to significant trade pattern shifts and increased ton-mile demand, while maintaining a robust balance sheet and substantial cash generation potential. Management is focused on cash generation and selective short-term time charter agreements to mitigate risk.
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FRO operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Change vs prior quarter |
|---|---|---|---|
| Fleet VLCC | 41Our fleet consists of 41 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, so where 57% are scrubber-fitted.Source: earnings call transcript | 33Our fleet consists of 33 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, where over 64% are scrubber-fitted.Source: earnings call transcript | -19.5% |
| Fleet Suezmax tankers | 21Our fleet consists of 41 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, so where 57% are scrubber-fitted.Source: earnings call transcript | 21Our fleet consists of 33 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, where over 64% are scrubber-fitted.Source: earnings call transcript | 0% |
| Fleet LR2 tankers | 18Our fleet consists of 41 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, so where 57% are scrubber-fitted.Source: earnings call transcript | 18Our fleet consists of 33 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, where over 64% are scrubber-fitted.Source: earnings call transcript | 0% |
| Average fleet age | 7.5Our fleet consists of 41 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, so where 57% are scrubber-fitted.Source: earnings call transcript | 7.5Our fleet consists of 33 VLCCs, 21 Suezmax tankers and 18 LR2 tankers, has an average age of 7.5 years and consists of 100% eco vessels, where over 64% are scrubber-fitted.Source: earnings call transcript | 0% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.