FROFrontline Ltd.

$8B

Q4 2022 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$530M+148.3% YoY

Gross Profit

$268M50.5% margin

Operating Income

$249M47.0% margin

Net Income

$243M45.8% margin

EPS (Diluted)

$1.08

QoQ Revenue Growth

+38.7%

Cash Flow

Operating Cash Flow

$220M

Free Cash Flow

$140M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$2.5B

Stockholders' Equity

$2.3B

Cash & Equivalents

$255M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$530M	$214M	+148.3%
Gross Profit	$268M	$20M	+1233.3%
Operating Income	$249M	$18M	+1251.5%
Net Income	$243M	$20M	+1126.9%

Revenue Segments

Voyage Charter

$883M100%

FRO Q4 2022 Earnings — Frontline Ltd. Revenue & Financial Results | Market Cap Arena