Frontline (FRO) Operating Expenses (2009 - 2025)

Frontline (FRO) posted Operating Expenses of $346.8 million for Q4 2025, up 1.2% on a QoQ basis from $342.7 million in Q3 2025, and up 10.51% year-over-year from $313.8 million in Q4 2024.

Frontline (FRO) Operating Expenses (2009 - 2025) Analysis & Trends

Frontline's Operating Expenses history runs 17 years deep, the most recent figure standing at $346.8 million for Q4 2025.

  • Quarterly Operating Expenses rose 10.51% year-over-year to $346.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $1.4 billion (down 0.61% YoY) and the FY2025 annual result came in at $1.4 billion, down 0.61% from the prior year.
  • Operating Expenses was $346.8 million for Q4 2025 at Frontline, up from $342.7 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $369.9 million in Q1 2024 and bottomed at $169.8 million in Q1 2021.
  • A 5-year average of $278.6 million and a median of $274.4 million in 2022 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2021 — Operating Expenses declined 20.9% — and 2022, when it surged 42.39%.
  • Frontline's Operating Expenses stood at $199.6 million in 2021, then soared by 42.39% to $284.2 million in 2022, then declined by 2.55% to $277.0 million in 2023, then rose by 13.29% to $313.8 million in 2024, then grew by 10.51% to $346.8 million in 2025.
  • Business Quant data shows FRO's Operating Expenses at $346.8 million in Q4 2025, $342.7 million in Q3 2025, and $348.1 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Frontline 1.55 Bn 1.29 Bn - 346.77 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 346.77 Mn
Sep 30, 2025 342.66 Mn
Jun 30, 2025 348.06 Mn
Mar 31, 2025 334.93 Mn
Dec 31, 2024 313.78 Mn
Sep 30, 2024 345.55 Mn
Jun 30, 2024 351.59 Mn
Mar 31, 2024 369.87 Mn
Dec 31, 2023 276.96 Mn
Sep 30, 2023 262.73 Mn
Jun 30, 2023 269.18 Mn
Mar 31, 2023 270.73 Mn
Dec 31, 2022 284.20 Mn
Sep 30, 2022 271.75 Mn
Jun 30, 2022 237.80 Mn
Mar 31, 2022 202.08 Mn
Dec 31, 2021 199.60 Mn
Sep 30, 2021 191.34 Mn
Jun 30, 2021 182.30 Mn
Mar 31, 2021 169.83 Mn