FRO - Frontline Non-GAAP EPS of -$0.02 revenue of $213.5M

Frontline press release (NYSE:FRO): Q4 Non-GAAP EPS of -$0.02. Revenue of $213.5M (+22.1% Y/Y). Reported spot TCEs for VLCCs, Suezmax tankers and LR2 tankers in the fourth quarter of 2021 were $16,500, $14,200 and $13,900 per day, respectively. For the first quarter of 2022, we estimate spot TCE on a load-to discharge basis of $21,300 contracted for 58% of vessel days for VLCCs, $19,600 contracted for 65% of vessel days for Suezmax tankers and $18,800 contracted for 56% of vessel days for LR2 tankers.

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Frontline Non-GAAP EPS of -$0.02, revenue of $213.5M