reports
FRO – Invitation to Q3 2024 Results Conference Call and Webcast
FRO – Invitation to Q3 2024 Results Conference Call and Webcast Frontline plc.’s preliminary third quarter 2024 results will be released on Wednesday November 27, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to the Investor Relations section at and follow the “Webcast” link, or access directly from the link below. b. Confe...
FRO – Notice of Annual General Meeting 2024
FRO – Notice of Annual General Meeting 2024 Frontline plc (the “Company”) announces that its 2024 Annual General Meeting will be held on December 12, 2024. A copy of the Notice of Annual General Meeting and associated information including the Company’s Annual Report on Form 20-F for 2023 can be found on our website at and attached to this press release. November 14, 2024Limassol, Cyprus This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments ...
- Jørgen Lian
FRO – Changes to the Board composition
FRO – Changes to the Board composition Frontline plc (“Frontline” or the “Company”) announces that Mr. Marios Demetriades has resigned as Director of the Company. The Board would like to thank Mr. Demetriades for his considerable contribution to the Company during his directorship. September 4, 2024 The Board of DirectorsFrontline plcLimassol, Cyprus This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.
- Jørgen Lian
Frontline Minor model adjustments
We have updated our estimates owing to the Q2 report, Q3 guidance and our updated fuel curves. Accordingly, we have lowered our adj. EBITDA by 2% across our 2024–2026e. We believe the Q3 guidance reflects a seasonal slump and should not have come as a surprise to investors, given the recent freight market trends. We have not changed our view that improvements for Q4 are on the horizon and should be supported by the seasonally stronger year-end, while the underlying supply story remains favourabl...
FRO – Q2 2024 Presentation
FRO – Q2 2024 Presentation Please find enclosed the presentation of Frontline plc´s second quarter 2024 results to be held on the webcast / conference call 30 August, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 – 12 of the Norwegian Securities Trading Act Attachment
FRO – Second Quarter and Six Months 2024 Results
FRO – Second Quarter and Six Months 2024 Results FRONTLINE PLC REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the six months ended June 30, 2024: Highlights Profit of $187.6 million, or $0.84 per share for the second quarter of 2024.Adjusted profit of $138.2 million, or $0.62 per share for the second quarter of 2024.Declared a cash dividend of $0.62 per share for the second quarter of 2024.Reported revenues of $556.0 million for the second quarter of 2024.Achieved average d...
FRO – Invitation to Q2 2024 Results Conference Call and Webcast
FRO – Invitation to Q2 2024 Results Conference Call and Webcast Frontline plc.’s preliminary second quarter 2024 results will be released on Friday August 30, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to the Investor Relations section at and follow the “Webcast” link, or access directly from the link below. b. Conferenc...
- Jørgen Lian
Frontline Minor model adjustments
We still believe that VLCCs (62% of the fleet value) hold the key to unlocking Frontline’s full potential and that the company is well positioned to capitalise on a potential VLCC upcycle as we approach the stronger end of the year. We have cut our 2024e EBITDA by 1% on our updated rate forecasts, peer updates and updated fuel spreads. We do not consider these changes to be material, and we have not changed our BUY recommendation. We have, however, raised our target price from NOK346 to NOK358. ...
- Jørgen Lian
Frontline (Buy, TP: NOK346.00) - Primed for potential upcycle
Having completed the VLCC fleet acquisition from Euronav, re-leveraged part of its fleet and disposed of older tonnage, we believe Frontline is poised to reap the rewards of a potential VLCC upcycle. In our view, the limited supply outlook means any meaningful demand growth could raise rates to new heights, which would enable meaningful shareholder distributions. We reiterate our BUY and have raised our target price to NOK346 (278).
FRO – Q1 2024 Presentation
FRO – Q1 2024 Presentation Please find enclosed the presentation of Frontline plc´s first quarter 2024 results to be held on the webcast / conference call 30 May, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act. Attachment
FRO – First Quarter 2024 Results
FRO – First Quarter 2024 Results FRONTLINE PLC REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three months ended March 31, 2024: Highlights Profit of $180.8 million, or $0.81 per share for the first quarter of 2024.Adjusted profit of $137.9 million, or $0.62 per share for the first quarter of 2024.Declared a cash dividend of $0.62 per share for the first quarter of 2024.Reported revenues of $578.4 million for the first quarter of 2024.Took delivery of the remaining 13 VLCCs from Euronav NV ...
FRO – Invitation to Q1 2024 Results Conference Call and Webcast
FRO – Invitation to Q1 2024 Results Conference Call and Webcast Frontline plc.’s preliminary first quarter 2024 results will be released on Thursday May 30, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to the Investor Relations section at and follow the “Webcast” link, or access directly from the link below. ...
- Jørgen Lian
Yard response and dry bulk qualms
Our trip to South Korea and China revealed Chinese shipbuilders are seeking growth to take on Korea’s established yards who are facing constraints. An eagerness to add capacity is one of our takeaways, as well as a gloomy outlook for Chinese real estate, which in our view should inevitably weigh on dry bulk demand.
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
FRO – Filing of Annual Report
FRO – Filing of Annual Report Frontline plc (the “Company”) announces the filing of its annual report for the year ended December 31, 2023. The annual report can be downloaded from the Company’s website or from the link below. Additionally, shareholders can request a hard copy of our complete audited financial statements free of charge by writing to us at:John Kennedy 8 Iris Building, 7th floor, Flat/Office 740B, 3106, Limassol, Cyprus. or sending an e-mail to April 26, 2024 Frontline plc Limassol, Cyprus. ...
- Jørgen Lian
A brewing challenge for the yards
Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...
DHT DHT HOLDINGS INC.
SBL SAFE BULKERS INC.
LPG DORIAN LPG
GNK GENCO SHIPPING & TRADING LTD.
MAERSK B A.P. MOLLER - MAERSK A/S CLASS B
ODF ODFJELL ASA
WAWI WALLENIUS WILHELMSEN LOGISTICS ASA
WWI WILHELM WILHELMSEN HOLDING
SBLK STAR BULK CARRIERS CORP.
FRO FRONTLINE LTD.
G2O GOLAR LNG LIMITED
AMSC AMERICAN SHIPPING COMPANY ASA
SN6 STOLT-NIELSEN LTD.
BWLPG BW LPG LTD.
GOGLO GOLDEN OCEAN GROUP LTD
AVACF AVANCE GAS HOLDINGS LTD
HUNT HUNTER GROUP ASA
STNG SCORPIO TANKERS INC.
FLNG FLEX LNG LTD.
SFL SFL CORPORATION LIMITED
TNK TEEKAY TANKERS
2020 2020 BULKERS LTD
KCC KLAVENESS COMBINATION CARRIERS
EGLE EAGLE BULK SHIPPING
MPCC MPC CONTAINER SHIPS AS
HAUTO HOEGH AUTOLINERS ASA
WEST WESTERN BULK CHARTERING
HAFNI HAFNIA
COOL COOL COMPANY LTD.
HSHP HIMALAYA SHIPPING LTD.
- Jørgen Lian
Frontline Minor model adjustments
We have updated our estimates, owing to the Q4 results and QTD fixtures. We do not consider these changes to be material, and we have not changed our BUY recommendation. We retain our positive outlook for VLCCs given growing freight demand, low orderbook and high fleet renewal requirements due to strict environmental regulations. Frontline’s well-timed acquisition of 24 VLCCs from Euronav has already gained USD200m for its shareholders (~NOK10/share) since the transaction, while also increasing ...
FRO – Q4 2023 Presentation
FRO – Q4 2023 Presentation Please find enclosed the presentation of Frontline plc´s fourth quarter 2023 results to be held on the webcast / conference call 29 February, 2024 at 15:00 CET. This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment
FRO – Fourth Quarter and Full Year 2023 Results
FRO – Fourth Quarter and Full Year 2023 Results FRONTLINE PLC REPORTS RESULTS FOR THE FOURTH QUARTER ENDED DECEMBER 31, 2023 Frontline plc (the “Company” or “Frontline”), today reported unaudited results for the three and twelve months ended December 31, 2023: Highlights Profit of $118.4 million, or $0.53 per share for the fourth quarter of 2023. Adjusted profit of $102.2 million, or $0.46 per share for the fourth quarter of 2023. Declared a cash dividend of $0.37 per share for the fourth quarter of 2023.Reported revenues of $415.0 million for the fourth quarter of 2023.Took delivery of...
FRO – Invitation to Q4 2023 Results Conference Call and Webcast
FRO – Invitation to Q4 2023 Results Conference Call and Webcast Frontline plc.’s preliminary fourth quarter 2023 results will be released on Thursday February 29, 2024, and a webcast and conference call will be held at 3:00 p.m. CET (9:00 a.m. U.S. Eastern Time). The results presentation will be available for download from the Investor Relations section at ahead of the conference call. In order to attend the conference call you may do one of the following: a. WebcastGo to the Investor Relations section at and follow the “Webcast” link, or access directly from the link below. b. Confe...
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