Frontline Q1 Earnings Call Highlights

• Win-Win Momentum Plays With Strong Dividend Yields

Frontline (NYSE:FRO) reported what Chief Executive Officer Lars Barstad called the company’s astir profitable 4th since 2004, arsenic tanker markets were reshaped by the effectual closure of the Strait of Hormuz and shifting planetary lipid commercialized patterns.

Speaking connected the company’s first-quarter 2026 net call, Barstad said the manufacture is operating successful “unprecedented times,” noting that helium did not expect a concern successful which the Strait of Hormuz would stay efficaciously closed for this duration. He said Frontline is focused connected “the existent cash-generating concern to beryllium done” alternatively than speculating excessively acold into the future.

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• Top Shipping Firms Driving Industry-Leading Revenue Growth

“We person enactment the astir profitable 4th since 2004 down america and are good into a perchance adjacent much rewarding one,” Barstad said.

First-quarter net emergence connected higher charter income

Chief Financial Officer Inger Klemp said Frontline reported nett of $559 million, oregon $2.51 per share, for the archetypal 4th of 2026. Adjusted nett was $344.9 million, oregon $1.55 per share.

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• ZIM Shipping banal proves unsinkable contempt Red Sea disruptions

Klemp said adjusted nett accrued by $114.5 cardinal from the anterior quarter, chiefly due to the fact that clip charter net roseate by $112 million, to $536.5 cardinal from $424.5 cardinal successful the 4th fourth of 2025.

Ship operating expenses accrued by $5.9 cardinal from the anterior quarter, chiefly owed to a alteration successful supplier rebates of $5.4 million. Administrative expenses, excluding synthetic enactment revaluation effects, roseate by $8.5 million, chiefly owed to synthetic enactment exercises successful the quarter.