FRO Q2 2023 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$513M+70.7% YoY

Gross Profit

$255M49.8% margin

Operating Income

$253M49.3% margin

Net Income

$231M45.0% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

+3.1%

Cash Flow

Operating Cash Flow

$283M

Free Cash Flow

$281M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$2.4B

Stockholders' Equity

$2.3B

Cash & Equivalents

$307M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$513M	$300M	+70.7%
Gross Profit	$255M	$76M	+237.6%
Operating Income	$253M	$67M	+277.1%
Net Income	$231M	$51M	+349.9%