Frontline gives Q2 results

9 hours ago 1
  • Frontline press release (NYSE:FRO): Q2 Non-GAAP EPS of $0.36 misses by $0.19.
  • Revenue of $480.1M (-13.7% Y/Y) beats by $151.39M.
  • Achieved average daily spot time charter equivalent earnings (“TCEs”)1 for VLCCs, Suezmax tankers and LR2/Aframax tankers in the second quarter of $43,100, $38,900 and $29,300 per day, respectively.

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