FRO Q2 2022 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

Q2 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$300M+76.7% YoY

Gross Profit

$76M25.2% margin

Operating Income

$67M22.3% margin

Net Income

$51M17.1% margin

EPS (Diluted)

$0.23

QoQ Revenue Growth

+38.2%

Cash Flow

Operating Cash Flow

$65M

Free Cash Flow

-$83M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$2.5B

Stockholders' Equity

$1.9B

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$300M	$170M	+76.7%
Gross Profit	$76M	-$5M	+1527.2%
Operating Income	$67M	-$12M	+673.9%
Net Income	$51M	-$27M	+292.5%

Revenue Segments

Voyage charter

$463M89%

Time charter

$48M9%

Administrative income

$6M1%