Frontline Ltd., the Bermuda-based crude tanker operator, reports second-quarter earnings next week amid a pullback in shipping rates from crisis-era peaks driven by Middle East tensions.
Analysts project earnings per share of $2.66 on revenue of $745.84 million, according to consensus estimates compiled by Investing.com. The EPS forecast has remained broadly stable over the past week, though it has edged up 0.86% over the past two months. Revenue expectations have held steady in recent days but are down 2.55% from two months ago.
The company’s first-quarter results fell short on earnings but exceeded revenue targets. Frontline posted EPS of $1.55, missing expectations by 31%, while revenue reached $714.24 million, topping forecasts by 27%.
Frontline’s shares are trading at $41.20, near 14-year highs and 7% below the consensus price target of $44.25. The stock’s 52-week range spans from $20.31 to $45.17, with a forward price-to-earnings ratio of 5.3. Coverage from four analysts includes two Buy ratings and two Hold ratings. DZ Bank downgraded the stock to Sell from Hold on August 21.
Tanker rates surged past $200,000 per day for very large crude carriers in March 2026 during the Strait of Hormuz crisis, when Iran’s closure of the waterway disrupted roughly 20% of global oil flows. War-risk insurance premiums for transits through the Persian Gulf escalated from about $250,000 per voyage to as high as $10 million for high-risk profiles.
Despite the recent normalization in rates, Frontline has delivered strong growth metrics. The company reported diluted EPS growth of 160% and operating income growth of 57% in its latest reporting period.
