Frontline (FRO) Operating Expenses (2009 - 2025)
Frontline's (FRO) quarterly Operating Expenses came in at $346.8 million in Q4 2025, up 10.51% YoY from $313.8 million in Q4 2024, and up 1.2% on a QoQ basis from $342.7 million in Q3 2025.
Frontline (FRO) Operating Expenses (2009 - 2025) Analysis & Trends
Frontline (FRO) has 17 years of Operating Expenses data on file, last reported at $346.8 million in 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 grew to $346.8 million in Q4 2025, from $342.7 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $369.9 million in Q1 2024 to a low of $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 decreased 20.9% — and 2022, when it surged 42.39%.
- Tracing FRO's Operating Expenses over 5 years: stood at $199.6 million in 2021, then jumped by 42.39% to $284.2 million in 2022, then slipped by 2.55% to $277.0 million in 2023, then grew by 13.29% to $313.8 million in 2024, then advanced by 10.51% to $346.8 million in 2025.
- The last three Operating Expenses figures came in at $346.8 million (Q4 2025), $342.7 million (Q3 2025), and $348.1 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Kinder Morgan | 112.69 Bn | 112.57 Bn | 3.07 Bn | 3.13 Bn |
| 2 | Enbridge | 111.13 Bn | 109.64 Bn | 5.23 Bn | 19.09 Bn |
| 3 | Enterprise Products Partners | 83.45 Bn | 82.54 Bn | - | 16.13 Bn |
| 4 | Energy Transfer | 72.53 Bn | 71.50 Bn | 7.40 Bn | 30.76 Bn |
| 5 | Tc Energy | 66.12 Bn | 58.56 Bn | 1.24 Bn | 851.61 Mn |
| 6 | Mplx | 60.19 Bn | 59.16 Bn | 2.73 Bn | 1.93 Bn |
| 7 | Oneok | 60.00 Bn | 59.84 Bn | 2.81 Bn | 4.00 Mn |
| 8 | Targa Resources | 59.13 Bn | 59.00 Bn | 2.14 Bn | 354.10 Mn |
| 9 | Cheniere Energy | 56.04 Bn | 54.79 Bn | 5.29 Bn | 1.44 Bn |
| 10 | Frontline | 9.42 Bn | 9.16 Bn | - | 346.77 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |