Scorpio Tankers

Scorpio Tankers, Inc. engages in the provision of marine transportation of petroleum products. Its consists of wholly owned, finance leased, and bareboat chartered-in tankers. It operates through the following segments: MR, LR2, Handymax, and LR1. The company was founded by Emanuele A. Lauro on July 1, 2009 and is headquartered in Monaco.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Scorpio Tankers achieves record-breaking earnings, eyes strong market growth

Scorpio Tankers had a stellar year in 2022, focusing on debt reduction and shareholder value. Management is optimistic about 2023, highlighting positive market trends. Challenges include regulatory constraints and fleet inefficiencies.

Scorpio Tankers excels in Q1 2023, prioritizes debt reduction and shareholder value

Scorpio Tankers' Q1 2023 performance reflects a robust financial position and strategic initiatives focused on enhancing shareholder value through debt reduction and capital returns. While facing challenges related to industry dynamics and fleet renewal, the company remains optimistic about market conditions and growth opportunities. Leveraging its strengths in financial management and vessel optimization, Scorpio Tankers is poised for continued success in the evolving tanker market.

Scorpio Tankers excels in Q2, eyes growth amid market dynamics

Scorpio Tankers navigated challenges in Q2, maintaining strong financial performance and strategic capital allocation. Market conditions support continued strength, with opportunities for growth amidst global trends.

Scorpio Tankers reports strong Q3 earnings amidst global demand

Scorpio Tankers is performing well financially, focusing on debt reduction and shareholder value. Strong global demand for refined products presents opportunities for rate improvement. Challenges include Panama Canal disruptions and rising chartering costs.

Scorpio Tankers posts stellar Q4 results amidst global disruptions

Scorpio Tankers' Q4 2023 earnings reflect a financially robust period, marked by strong EBITDA and net income figures. Despite facing challenges from global disruptions and market uncertainties, the company's strategic focus on deleveraging and shareholder returns showcases resilience and long-term vision.

Scorpio Tankers excels in Q1, eyes growth amidst market dynamics

Scorpio Tankers' strong Q1 performance and focus on debt reduction and shareholder value highlight a positive trajectory.
While facing challenges from structural changes and market volatility, the company is well-positioned to capitalize on growth opportunities.
Management's long-term approach and strategic initiatives underscore a commitment to sustainable growth and operational excellence.

Scorpio Tankers excels in Q2 2024, eyes growth amid challenges

Scorpio Tankers' Q2 2024 performance reflects financial strength and strategic capital allocation. While challenges exist in market dynamics and fleet growth, the company is well-positioned to leverage opportunities in the product tanker market. By focusing on debt reduction and shareholder value, Scorpio Tankers aims to sustain its positive momentum and deliver returns to investors.

Scorpio Tankers excels in Q3, eyes growth in tanker sector

Scorpio Tankers' Q3 2024 performance reflects a robust financial standing, marked by debt reduction, shareholder returns, and strategic acquisitions.
The company's focus on operational efficiency, asset sales, and market positioning underscores its commitment to long-term growth and value creation.
While challenges persist in the industry, Scorpio Tankers remains poised to leverage opportunities in the tanker market and deliver sustainable shareholder value.

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Scorpio Tankers (STNG) delivered earnings and revenue surprises of -1.08% and -7.09%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Scorpio Tankers (STNG) Reports Q2 Loss, Misses Revenue Estimates

Shares of Scorpio Tankers (NYSE:STNG) rose 2.9% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 139.17% year over year to ($0.94), which missed the estimate of ($0.64).

Scorpio Tankers: Q2 Earnings Insights

MONACO, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and six months ended June 30, 2021. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Company's common stock.

Scorpio Tankers Inc. Announces Financial Results for the Second Quarter of 2021 and Declaration of a Quarterly Dividend

MONACO, July 13, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, August 5, 2021, the Company plans to issue its second quarter 2021 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time.

Scorpio Tankers Inc. to Announce Second Quarter 2021 Results and Have a Conference Call on August 5, 2021

Scorpio Tankers has rallied extensively since our last report. The company continues to enjoy significantly favorable catalysts ahead and is well-equipped to perform excellently amid a growing oil demand.

Scorpio Tankers Has Doubled Our Money, Yet It Has More Upside

MONACO, June 23, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has closed its previously announced private exchange offer (the “Exchange Offer”), pursuant to which certain holders of the Company's 3.00% Convertible Senior Notes due 2022 (the “Existing Notes”) exchanged $19.4 million in aggregate principal amount of such Existing Notes for $19.4 million in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2025 (the “Exchange Notes”). In addition, the Company has closed separate, privately negotiated, agreements with certain investors for the sale (the “Sale”) of $42.4 million in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the “Purchased Notes” at 102.25% of par, plus accrued interest from May 15, 2020, and together with the Exchange Notes, the “New Notes”) in a private offering.

Scorpio Tankers Inc. Announces Closing of $61.8 Million Convertible Note Exchange and New Issuance

MONACO, June 15, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into separate, privately negotiated, agreements with certain holders of its outstanding 3.00% Convertible Senior Notes due 2022 (the “Existing Notes”) to exchange approximately $19.4 million in aggregate principal amount of the Existing Notes for approximately $19.4 million in aggregate principal amount of new 3.00% Convertible Senior Notes due 2025 (the “Exchange Notes” and such transaction, the “Exchange Offer”). In addition, the Company has entered into separate, privately negotiated, agreements with certain investors to issue and sell approximately $42.4 in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the “Purchased Notes”, and together with the Exchange Notes, the “New Notes”) in a private offering.

Scorpio Tankers Inc. Announces Convertible Note Exchange and New Issuance

STNG is a market leader in the product tanker market and is currently trading at a significant discount to the net assets on its balance sheet.

Scorpio Tankers Has Massive Upside Potential

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Scorpio Tankers' (STNG) CEO Emanuele Lauro on Q1 2021 Results - Earnings Call Transcript

Scorpio Tankers (STNG) delivered earnings and revenue surprises of 2.78% and -1.12%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Scorpio Tankers (STNG) Reports Q1 Loss, Misses Revenue Estimates

MONACO, May 07, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 2021. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Company's common stock.

Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2021 and Declaration of a Quarterly Dividend

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MONACO, April 30, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Friday, May 7, 2021, the Company plans to issue its first quarter 2021 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 8:30 AM Eastern Daylight Time and 2:30 PM Central European Summer Time.

Scorpio Tankers Inc. to Announce First Quarter 2021 Results and Have a Conference Call on May 7, 2021

Scorpio Tankers (STNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Scorpio Tankers (STNG) Q1 Earnings Expected to Decline

MONACO, April 01, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2020 has been filed with the Securities and Exchange Commission and can be accessed on the Company's website www.scorpiotankers.com in the Investors section under Reports and Presentations.

Scorpio Tankers Inc. Announces Availability of 2020 Annual Report on Form 20-F

MONACO, March 30, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has closed its previously announced private exchange offer (the “Exchange Offer”), pursuant to which certain holders of the Company's 3.00% Convertible Senior Notes due 2022 (the “Existing Notes”) exchanged $62.1 million in aggregate principal amount of such Existing Notes for $62.1 million in aggregate principal amount of the Company's 3.00% Convertible Senior Notes due 2025 (the “Exchange Notes”). In addition, the Company has closed separate, privately negotiated, agreements with certain investors for the sale (the “Sale”) of $76.1 million in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the “Purchased Notes” at 100% of par, plus accrued interest from November 15, 2020, and together with the Exchange Notes, the “New Notes”) in a private offering.

Scorpio Tankers Inc. Announces Closing of $138.2 Million Convertible Note Exchange and New Issuance

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MONACO, March 22, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that Scorpio Holdings Limited, a related party, has purchased 40,000 common shares of the Company today in the open market at an average price of $19.56 per share.

Scorpio Tankers Inc. Announces Purchase of Common Shares by Scorpio Holdings Limited

MONACO, March 19, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers,” or the “Company”) announced that Scorpio Services Holding Limited (“SSH”), a related party, has purchased 110,000 common shares of the Company today in the open market at an average price of $19.70 per share.

Scorpio Tankers Inc. Announces Purchase of Common Shares by Scorpio Services Holding Limited

MONACO, March 19, 2021 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into separate, privately negotiated, agreements with certain holders of its outstanding 3.00% Convertible Senior Notes due 2022 (the “Existing Notes”) to exchange approximately $62.1 million in aggregate principal amount of the Existing Notes for approximately $62.1 million in aggregate principal amount of new 3.00% Convertible Senior Notes due 2025 (the “Exchange Notes” and such transaction, the “Exchange Offer”). In addition, the Company has entered into separate, privately negotiated, agreements with certain investors to issue and sell approximately $76.1 million in aggregate principal amount of the new 3.00% Convertible Senior Notes due 2025 (the “Purchased Notes” at 100% of par, plus accrued interest from November 15, 2020, and together with the Exchange Notes, the “New Notes”) in a private offering.

Scorpio Tankers Inc. Announces $138.2 Million Convertible Note Exchange and New Issuance

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Scorpio Tankers, Inc. (STNG) CEO Emanuele Lauro on Q4 2020 Results - Earnings Call Transcript

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