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| 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 |