IntrinsicIntrinsic
OverviewFinancialsChartBusiness SummaryFilingsOwnershipValuation

Recent Updates — FRO

September 16, 2026View Source ↗

Frontline plc reported unaudited results for the six months ended June 30, 2026, posting a profit of $1.2 billion compared to $110.8 million in the prior year period. Total revenues increased to $1.7 billion from $907.9 million, driven by higher market freight rates and time charter volume changes. The company sold eight VLCCs and two Suezmax tankers during the period, generating net cash proceeds of approximately $583.2 million and recording a gain on sale of vessels of $265.6 million. In August 2026, the Board declared a regular quarterly dividend of $2.61 per share with a record date of September 18, 2026, and payment on or about September 28, 2026. Additionally, following the sale of two VLCCs in July 2026, the Board declared a special one-time dividend of $0.80 per share with identical record and payment dates. Frontline plc operates in the global oil tanker transportation industry.