Frontline (NYSE:FRO) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.05b (up 14% from FY 2023).
• Net income: US$495.6m (down 25% from FY 2023).
• Profit margin: 24% (down from 36% in FY 2023).
• EPS: US$2.23 (down from US$2.95 in FY 2023).

Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Frontline Revenues Disappoint

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) was mostly in line with analyst estimates.

In the last 12 months, the only revenue segment was Tankers contributing US$2.05b. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$339.0m (62% of total expenses). Explore how FRO's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to decline by 15% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.7%.

Performance of the American Oil and Gas industry.

The company's shares are down 12% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Frontline has 4 warning signs (and 1 which is a bit unpleasant) we think you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.