Frontline (NYSE: FRO) reported Q2 EPS of $0.94, $0.10 better than the analyst estimate of $0.84. Revenue for the quarter came in at $512.8 million versus the consensus estimate of $357.31 million.

OUTLOOK

For the third quarter of 2023, we estimate spot TCE on a load-to-discharge basis of $53,200 contracted for 74% of vessel days for VLCCs, $48,800 contracted for 67% of vessel days for Suezmax tankers and $40,500 contracted for 57% of vessel days for LR2/Aframax tankers.

For earnings history and earnings-related data on Frontline (FRO) click here.