Frontline (FRO) Operating Expenses (2009 - 2025)
Frontline (FRO) reported Operating Expenses of $346.8 million for Q4 2025, up 10.51% on a YoY basis from $313.8 million in Q4 2024, and up 1.2% quarter-over-quarter from $342.7 million in Q3 2025.
Frontline (FRO) Operating Expenses (2009 - 2025) Analysis & Trends
Frontline has reported Operating Expenses for 17 years, with the latest figure at $346.8 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses rose 10.51% year-over-year to $346.8 million; the trailing twelve-month figure through Dec 2025 stood at $1.4 billion (down 0.61% YoY), and the FY2025 full-year result was $1.4 billion, down 0.61% from the prior year.
- Operating Expenses for Q4 2025 stood at $346.8 million, up from $342.7 million in the prior quarter.
- The five-year high for Operating Expenses was $369.9 million in Q1 2024, with the low at $169.8 million in Q1 2021.
- Historically, Operating Expenses has averaged $278.6 million across 5 years, with a median of $274.4 million in 2022.
- Annual changes were most pronounced in 2021 — Operating Expenses decreased 20.9% — and 2022, when it surged 42.39%.
- Frontline's Operating Expenses 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enbridge | 88.33 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Enterprise Products Partners | 80.83 Bn | 79.68 Bn | - | 12.50 Bn |
| 3 | Kinder Morgan | 69.66 Bn | 70.75 Bn | 3.08 Bn | 3.38 Bn |
| 4 | Energy Transfer | 65.60 Bn | 64.88 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Scorpio Tankers | 59.17 Bn | 58.19 Bn | - | -93.35 Mn |
| 6 | Mplx | 57.43 Bn | 55.92 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Targa Resources | 56.68 Bn | 56.71 Bn | 1.70 Bn | 333.70 Mn |
| 8 | Oneok | 55.34 Bn | 55.21 Bn | 2.57 Bn | 7.00 Mn |
| 9 | Tc Energy | 50.79 Bn | 51.99 Bn | 2.95 Bn | 915.00 Mn |
| 10 | Frontline | 8.07 Mn | -252.48 Mn | - | 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 |