Frontline plc (FRO) Falls After Missing Profit Estimates in Q3

The share price of Frontline plc (NYSE:FRO) fell by 6.67% between November 19 and November 26, 2025, putting it among the Energy Stocks that Lost the Most This Week.

Frontline plc (NYSE:FRO) is a shipping company that engages in the ownership and operation of oil and product tankers worldwide.

Frontline plc (NYSE:FRO) fell heavily after announcing its third-quarter results on November 21, with the company’s adjusted earnings of $0.19 per share falling below expectations by $0.05. Net profit for the quarter also fell by over 33% YoY due to lower TCE rates and fluctuations in other income and expenses. The shipping firm reported a revenue of $432.6 million, down by almost 12% YoY but still exceeding forecasts by over $163 million.

That said, Frontline plc (NYSE:FRO) still remained committed to its shareholders and declared a quarterly dividend of $0.19 per share on November 24. Moreover, the company has posted a significant rate increase so far in Q4 as the United States moved past peak refinery runs and buyers in Asia sought alternatives to sanctioned Russian crude.

Lars H. Barstad, CEO of Frontline plc (NYSE:FRO), commented:

“The third quarter began in line with seasonal trends, with a typically subdued summer period. However, as the quarter progressed, freight markets strengthened – most notably for VLCCs. The U.S. moved past peak refinery runs, while India increasingly reduced its intake of Russian feedstock, opening up the ton-mile intensive arbitrage between the Americas and Asia. Global oil demand remains resilient, and the gradual reversal of OPEC+ production cuts is beginning to reflect in higher export volumes. Having navigated a modest third quarter, we are encouraged by the strong fundamentals and Frontline’s efficient, spot-focused fleet as we enter the winter market with freight rates at multi-year highs.”

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Disclosure: None.