Categories Earnings, Energy

Frontline Ltd. (NYSE: FRO): Q3 2019 Earnings Snapshot

— Frontline Ltd. (NYSE: FRO) reported a net loss of $10.0 million or $0.06 per share for the third quarter of 2019, vs. a loss of $0.08 per share expected.

— Reported spot-average-daily-time-charter-equivalent of $22,900, $16,200 and $15,900 for VLCCs, Suezmax tankers and LR2 tankers, respectively

— Total operating revenues declined to $187.64 million in Q3 from $188.77 million last year, vs. $97.43 million expected

— Expects spot-average-daily-time-charter-equivalent of $64,800, contracted for 78% of vessel days, for VLCCs in Q4

— Expects spot-average-daily-time-charter-equivalent of $49,400, contracted for 71% of vessel days, for Suezmax tankers in Q4

— Expects spot-average-daily-time-charter-equivalent of $29,900, contracted for 74% of vessel days, for LR2s in Q4

— Secured a commitment from ICBC Financial Leasing for a sale-and-leaseback agreement, valued up to $544 million

— Declared a cash dividend of $0.10 per share for the third quarter of 2019

Listen to publicly listed companies’ earnings conference calls along with the edited closed caption text

Most Popular

What to look for when CVS Health (CVS) reports Q3 earnings

Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain

eBay (EBAY): A few factors that helped drive growth in Q3 2024

Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top