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 (FRO) has reported Operating Expenses for 17 consecutive years, with $346.8 million the latest figure, recorded in Q4 2025.

  • Operating Expenses for Q4 2025 came in at $346.8 million, up 10.51% year-over-year; the trailing twelve-month figure through Dec 2025 was $1.4 billion (down 0.61% YoY), and the FY2025 annual result was $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.
  • Over five years, Operating Expenses peaked at $369.9 million in Q1 2024 and troughed 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 slipped 20.9% — and 2022, when it soared 42.39%.
  • Year by year, 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.
  • Per Business Quant, the three latest FRO Operating Expenses figures stand at $346.8 million (Q4 2025), $342.7 million (Q3 2025), and $348.1 million (Q2 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Enbridge 1,308.38 Bn 1,309.08 Bn 6.70 Bn 13.95 Bn
2 Kinder Morgan 112.34 Bn 113.42 Bn 3.08 Bn 3.38 Bn
3 Enterprise Products Partners 79.55 Bn 78.40 Bn - 12.50 Bn
4 Energy Transfer 65.78 Bn 65.07 Bn 6.62 Bn 1.70 Bn
5 Targa Resources 57.60 Bn 57.63 Bn 1.70 Bn 333.70 Mn
6 Mplx 57.17 Bn 55.67 Bn 2.54 Bn 1.82 Bn
7 Oneok 54.83 Bn 54.70 Bn 2.57 Bn 7.00 Mn
8 Cheniere Energy Partners 29.50 Bn 29.22 Bn 838.00 Mn 274.00 Mn
9 Venture Global 27.41 Bn 27.36 Bn 4.33 Bn 3.45 Bn
10 Frontline 7.75 Bn 7.48 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