FRO Q1 2024 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$578M+16.3% YoY

Gross Profit

$223M38.6% margin

Operating Income

$251M43.4% margin

Net Income

$181M31.3% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+39.4%

Cash Flow

Operating Cash Flow

$171M

Free Cash Flow

-$728M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6.6B

Total Liabilities

$4.2B

Stockholders' Equity

$2.4B

Cash & Equivalents

$297M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$578M	$497M	+16.3%
Gross Profit	$223M	$239M	-6.6%
Operating Income	$251M	$241M	+4.3%
Net Income	$181M	$200M	-9.4%