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| 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 |