FROFrontline Ltd.

$8B

Q1 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$497M+128.7% YoY

Gross Profit

$239M48.1% margin

Operating Income

$241M48.4% margin

Net Income

$200M40.1% margin

EPS (Diluted)

$0.90

QoQ Revenue Growth

-6.2%

Cash Flow

Operating Cash Flow

$263M

Free Cash Flow

$112M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$2.5B

Stockholders' Equity

$2.2B

Cash & Equivalents

$225M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$497M	$217M	+128.7%
Gross Profit	$239M	$22M	+1001.8%
Operating Income	$241M	$21M	+1061.1%
Net Income	$200M	$29M	+589.1%

FRO Q1 2023 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena