FRO Q3 2023 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena

FROFrontline Ltd.

$8B

Q3 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$377M-1.3% YoY

Gross Profit

$130M34.4% margin

Operating Income

$115M30.4% margin

Net Income

$108M28.6% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

-26.5%

Cash Flow

Operating Cash Flow

$71M

Free Cash Flow

-$13M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$2.4B

Stockholders' Equity

$2.2B

Cash & Equivalents

$285M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$377M	$382M	-1.3%
Gross Profit	$130M	$124M	+4.6%
Operating Income	$115M	$112M	+2.1%
Net Income	$108M	$156M	-31.0%