FRO Q2 2024 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

Q2 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$556M+8.4% YoY

Gross Profit

$217M39.0% margin

Operating Income

$256M46.0% margin

Net Income

$188M33.7% margin

EPS (Diluted)

$0.84

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$233M

Free Cash Flow

$223M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$6.5B

Total Liabilities

$4.0B

Stockholders' Equity

$2.4B

Cash & Equivalents

$359M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$556M	$513M	+8.4%
Gross Profit	$217M	$255M	-15.0%
Operating Income	$256M	$253M	+1.2%
Net Income	$188M	$231M	-18.7%