Frontline

Frontline posted a net profit of $659.2m in the second quarter of 2026 ($2.96 per share) on revenue of $753.27m, beating analyst expectations. Drivers were very high TCE rates, operational efficiency, lower costs and gains from vessel sales; VLCCs earned $152,700 per day. The company has $1.2bn in cash, an unused credit line of $901m, expects the tanker market to remain strong into Q3, and is paying special dividends from sales. » Mere på de.investing.com

Frontline will publish results for the quarter ended June 30, 2026, on August 31, 2026. On average, 11 analysts expect earnings per share of USD 2.68 (prior year USD 0.35) and 12 analysts see revenue at an average of USD 750.5 million (+56.3% versus USD 480.1 million). For the current fiscal year, 13 analysts forecast an average EPS of USD 8.15 (previously USD 1.70) and 14 analysts expect annual revenue of around USD 2.44 billion (prior year USD 1.95 billion). » Mere på finanzen.net

Frontline shares climbed about 3.6% to $38.47 in the afternoon as hopes for a US‑Iran framework agreement to reopen the Strait of Hormuz fueled demand for tanker assets. A draft envisages reopening the strait within 30 days, which would expand the addressable market for Frontline’s 80 tankers. CEO Lars Barstad expressed confidence, BTIG reaffirmed its buy rating, and the stock approached its 52‑week high while other tanker owners also gained. Today was also the ex‑dividend date for a record quarterly dividend of $1.55 per share. » Mere på de.investing.com