Pricing Log in Create free account
Saturday 17 October 2026 Export FRO’s income statement to Excel — free account

Frontline PLC

FRO Energy Oil & Gas Midstream

Frontline PLC’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 8.85% from fiscal 2024. In the quarter to June 2026, revenue grew 112.3%, EPS grew 745.7%, free cash flow grew 155.4% and total debt fell 32.1%, each against the same quarter a year earlier.

52.49 0.05 −0.10%
Market cap
$11.7B
P/E
7.9×
Fwd P/E
4.6×
Dividend yield
10.3%
F-score
6/9
Altman Z
1.79
Beneish M
−2.68
Dividend safety
51/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 35.71%

Capital & Financial Ratios $m

Market Cap 11,700.00
Revenue 3,011.14
Net Income 379.08
Free Cash Flow 1,692.00
Net Debt 2,112.54
Current Ratio 1.87 (at or above 1.5: strong)
Debt/Equity 0.77
P/E ratio 7.87
Fwd P/E 4.56
P/S ratio 3.88
P/B ratio 3.71
Past 5Y EPS Growth (4.05%) (below 0%: weak)
This Y EPS Growth 507.78% (at or above 15%: strong)
Next Y EPS Growth (48.17%) (below 0%: weak)
Next Y revenue growth 39.26% (at or above 10%: strong)
Next 5Y EPS Growth 23.63% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.6×, against a ten-year median of 3.8×; over the ten years it ranged from 2.2× in 2020 to 5.7× in 2026.
P/E against its own 10 years 44.42%
10-year low 10-year high
P/S against its own 10 years 99.04%
10-year low 10-year high
P/B against its own 10 years 99.56%
10-year low 10-year high
EV/Sales against its own 10 years 80.94%
10-year low 10-year high
EV/FCF against its own 10 years 29.60%
10-year low 10-year high

Dividends

Payout Ratio 0.81
Annual Dividend Rate 5.38
Annual Dividend Yield 10.25%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 9.67
1.03
1.55
2.61
2025 1.87
0.20
0.18
0.36
0.19
2024 1.95
0.37
0.62
0.62
0.34
2023 2.87
1.07
0.70
0.80
0.30
2022 0.15
0.15
2021 Powerpack
2020 1.60
0.40
0.70
0.50
2019 0.10
0.10
2018 Powerpack
2017 0.45
0.15
0.15
0.15
2016 1.60
0.35
0.35
0.40
0.20
0.20
0.10
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 316 420 254 322
Receivables 144 137 147 —
Inventory 135 137 120 —
Other 117 118 164 590
728 826 707 912
2023 2024 2025 Q'26
Payables 98 99 143 —
ST’ Debt 262 460 321 266
Other — 134 — 222
409 596 495 488

Compound Annual Growth %

10y 5y 3y
Sales 15.69% 10.05% 11.08%
Cash Flow 12.65% 2.47% 20.99%
Earnings 9.38% (1.69%) (7.28%)
Book Value 5.67% 9.27% 3.57%

Revenue $m

Mar Jun Sep Dec Year
’26 929 1,019 — — —
’25 428 480 439 625 1,971
’24 621 608 490 443 2,163
’23 512 522 377 415 1,826
’22 223 301 382 533 1,438
’21 194 170 172 218 753
’20 412 387 247 175 1,221
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 382 579 — — —
’25 138 154 108 283 682
’24 171 233 165 168 736
’23 270 283 203 100 856
’22 20 72 664 (370) 385
’21 12 29 (4) 48 85
’20 205 241 132 26 604
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 887 387 — — —
’25 137 152 142 276 707
’24 (554) 432 162 213 253
’23 218 324 202 (1,377) (633)
’22 86 (84) 743 (615) 130
’21 (32) (108) (40) (127) (308)
’20 178 142 101 18 438
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 2.51 2.96 — — —
’25 0.15 0.35 0.18 1.02 1.70
’24 0.81 0.84 0.27 0.30 2.23
’23 0.90 1.04 0.48 0.53 2.95
’22 0.15 0.23 0.69 1.08 2.21
’21 0.15 (0.13) (0.17) 0.10 (0.06)
’20 0.84 1.01 0.29 (0.05) 2.09
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 6.80 4.47 3.79 4.82 5.28 5.73 6.10 10.55 13.17 12.40

Analyst estimates 2026–2028

Powerpack
High 14.75 7.55 8.33 12.95 13.33 9.86 14.85 22.95 29.39 26.00
People
People Employees 135 128 145 157 84 79 78 88 85 85
Revenue/emp, $m 5.59 5.05 5.12 6.10 14.54 9.54 18.44 20.75 25.44 23.19
Income, $m
Income, $m Revenue 754 646 742 957 1,221 753 1,438 1,826 2,163 1,971
Gross margin, % 53.73 35.83 28.65 41.40 55.31 26.08 45.72 56.46 53.49 49.64
EBT 118 (264) (8) 140 413 (10) 476 657 503 385
EBT margin, % 15.62 (40.85) (1.09) 14.65 33.82 (1.37) 33.09 35.95 23.27 19.54
Net income 118 (264) (8) 140 413 (15) 476 656 496 379
Depreciation 136 144 125 122 140 160 162 231 339 328
Per share, $
Per share, $ Revenue 4.81 3.81 4.37 5.52 6.24 3.79 6.72 8.20 9.71 8.85
Earnings 0.75 (1.56) (0.05) 0.81 2.11 (0.06) 2.21 2.95 2.23 1.70
Cash flow 1.82 0.77 0.27 1.61 3.09 0.43 1.80 3.85 3.31 3.07
Capex (2.86) (4.20) (1.27) (1.13) (0.85) (1.98) (1.20) (6.69) (2.17) 0.11
Free cash flow (1.04) (3.43) (1.00) 0.49 2.24 (1.55) 0.61 (2.84) 1.14 3.18
Book value 9.55 6.99 6.86 8.70 8.24 8.25 10.56 10.23 10.51 11.28
Shares, m 157 170 170 174 196 199 214 223 223 223
Valuation, ×
Valuation, × P/E 10.07 0.00 0.00 16.36 2.93 0.00 5.37 6.83 6.39 12.84
P/S 1.55 1.23 1.27 2.33 1.00 1.87 1.72 2.46 1.46 2.46
P/B 0.78 0.67 0.81 1.48 0.76 0.86 1.09 1.97 1.35 1.93
EV/Sales 3.04 3.85 3.60 3.98 2.62 4.80 3.04 4.18 3.00 3.89
EV/FCF (14.07) (4.27) (15.69) 45.28 7.31 (11.72) 33.75 (12.06) 25.63 10.85
Cash, $m
Cash, $m Operating cash flow 286 130 46 280 604 85 385 856 736 682
Capex (449) (714) (216) (196) (166) (394) (256) (1,489) (483) 25
Free cash flow (163) (583) (170) 84 438 (308) 130 (633) 253 707
Balance, $m
Balance, $m Working capital 201 100 94 (400) 97 46 489 319 230 213
Total debt 1,348 1,836 1,819 1,770 2,184 2,326 2,390 3,458 3,745 3,068
Net debt 1,127 1,692 1,731 1,581 1,986 2,210 1,900 3,142 3,325 2,814
Shareholders’ equity 1,500 1,188 1,164 1,510 1,612 1,642 2,260 2,277 2,340 2,511
Returns, %
Returns, % ROA 4.00 (8.68) (0.29) 4.13 10.84 (0.37) 10.72 12.33 8.19 6.33
ROIC 4.22 (1.81) 1.79 4.84 8.82 0.14 6.70 8.61 8.62 7.03
ROE 7.94 (19.71) (0.76) 10.47 26.45 (0.92) 24.37 28.93 21.47 15.63
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Frontline PLC vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
PAGP Plains Group Holdings, L.P. $20.7B 9.8× 15.6× +66.26% (above 0%: growing) +1,213.33% (above 0%: growing) +50.93% (above 0%: growing) 4.57% 2.24% Compare
WES Western Midstream Partners, LP $18.2B 14.0× 12.6× +29.97% (above 0%: growing) +12.50% (above 0%: growing) −36.19% (below 0%: shrinking) 90.41% 43.01% Compare
PAA Plains All American Pipeline, L.P. $17.7B 7.0× 13.5× +66.26% (above 0%: growing) +1,095.24% (above 0%: growing) +50.92% (above 0%: growing) 4.57% 2.25% Compare
VNOM Viper Energy Inc. $15.7B 322× 18.4× +127.95% (above 0%: growing) +160.71% (above 0%: growing) +146.15% (above 0%: growing) 100.00% 63.22% Compare
DTM DT Midstream, Inc. $12.1B 26.9× 29.8× +11.00% (above 0%: growing) +4.76% (above 0%: growing) +12.50% (above 0%: growing) 100.00% 50.44% Compare
FRO Frontline PLC $11.7B 7.9× 4.6× +112.25% (above 0%: growing) +745.71% (above 0%: growing) +155.42% (above 0%: growing) 74.15% 65.92%
AM Antero Midstream Corporation $9.5B 24.6× 19.5× +7.13% (above 0%: growing) −7.69% (below 0%: shrinking) −11.79% (below 0%: shrinking) 74.17% 55.59% Compare
KNTK Kinetik Holdings Inc. $8.7B 19.8× 54.5× +36.25% (above 0%: growing) +96.97% (above 0%: growing) +775.96% (above 0%: growing) 46.77% 23.04% Compare
SOBO South Bow Corporation $7.0B 15.7× 21.2× +4.20% (above 0%: growing) +39.13% (above 0%: growing) +48.75% (above 0%: growing) 55.68% 48.90% Compare
Median of peers $13.9B 17.8× 19.0× +33.11% +68.05% +49.83% 64.93% 45.96%

All 58 Oil & Gas Midstream stocks →

Frontline PLC (FRO) key facts

  • Concern: Frontline PLC’s revenue for fiscal 2025 (year ended December 2025) was $2.0 billion, down 8.85% from fiscal 2024.
  • Frontline PLC (FRO) is an Oil & Gas Midstream company in the Energy sector, listed on the New York Stock Exchange.
  • As of October 16, 2026, FRO traded at $52.49, a market capitalization of $11.7 billion.
  • Frontline PLC pays an annual dividend of $5.38 per share, a yield of 10.3%, with a payout ratio of 80.7%.
  • Return on equity was 15.6% and debt-to-equity 0.77.
  • Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 1.79 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Frontline PLC (FRO) Latest News

No news at this impact. Lower the threshold for more.
stockrow.com/FRO · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com