Frontline plc ($FRO) delivered a sharply improved second quarter in 2026, with revenue rising to $943.3 million, up 96.5% from a year earlier. Gross profit climbed to $680.0 million, while operating profit surged to $671.5 million, underscoring a much stronger operating backdrop.
Profitability improved even more dramatically at the bottom line. Net income attributable to common shareholders reached $659.2 million, and diluted earnings per share came in at $2.96, both up more than sevenfold year over year.
Cash generation was also robust. Operating cash flow totaled $579.5 million, while capital spending on property, plant and equipment was $330.8 million. The company ended the quarter with $321.4 million in cash and cash equivalents, and total liabilities fell to $2.7 billion.
- Revenue: $943.3 million
- Operating profit: $671.5 million
- Net income: $659.2 million
- Diluted EPS: $2.96
- Operating cash flow: $579.5 million
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Frontline plc Hedge Fund Activity
We have seen 147 institutional investors add shares of Frontline plc stock to their portfolio, and 132 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FMR LLC added 5,954,717 shares (+631.6%) to their portfolio in Q2 2026, for an estimated $207,164,604
- JPMORGAN CHASE & CO added 3,137,097 shares (+inf%) to their portfolio in Q2 2026, for an estimated $109,139,604
- KEYSTONE INVESTORS PTE LTD added 1,873,983 shares (+inf%) to their portfolio in Q2 2026, for an estimated $65,195,868
- BALYASNY ASSET MANAGEMENT L.P. removed 1,396,000 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $48,664,560
- ACADIAN ASSET MANAGEMENT LLC added 1,086,203 shares (+110.7%) to their portfolio in Q2 2026, for an estimated $37,789,002
- VOLORIDGE INVESTMENT MANAGEMENT, LLC added 1,067,154 shares (+148.5%) to their portfolio in Q1 2026, for an estimated $37,200,988
- CITADEL ADVISORS LLC removed 985,409 shares (-46.6%) from their portfolio in Q1 2026, for an estimated $34,351,357
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Frontline plc Government Contracts
We have seen $30,431,180 of award payments to $FRO over the last year.
Here are some of the awards which we have have seen pay out the most over the last year:
- BASOPS O&M: $20,513,411
- THE CONTRACTOR SHALL PROVIDE ALL DESIGN, LABOR, TOOLS, EQUIPMENT, AND MATERIALS TO PREPARE THE SITES FOR OF...: $549,398
- AIR BASE DORMITORY FACILITY MAINTENANCE SERVICES: $394,044
To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.
Frontline plc Price Targets
Multiple analysts have issued price targets for $FRO recently. We have seen 2 analysts offer price targets for $FRO in the last 6 months, with a median target of $46.5.
Here are some recent targets:
- Gregory Lewis from BTIG set a target price of $55.0 on 06/24/2026
- Jonathan Chappell from Evercore ISI Group set a target price of $38.0 on 04/22/2026
