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.

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Earnings data Q1 2023

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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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Skyrocketing rates due to ongoing geopolitical conflicts should propel STNG to beat consensus estimates. At current rates, STNG should generate significant cash flow for deleveraging, dividends, and share repurchases. We estimate STNG could reduce its share count by 13% to 18%, all things equal. The resolution of geopolitical conflicts will reduce rates. Moreover, supply growth will accelerate, as the order book as a percentage of total fleet has begun to pick up.

Scorpio Tankers: Skyrocketing Rates, Lower Cash Breakeven, Shares Trading Below NAV

MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first quarter 2024 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. Announces That on May 9, 2024, the Company Plans to Issue Its First Quarter 2024 Results and Have a Conference Call

Scorpio Tankers is highly profitable due to strong vessel day rates. The refined product shipping industry will remain supply constrained for the next three to four years. Scorpio Tankers will achieve multiple expansion as it achieves debt targets and can allocate over $600 million per year to shareholder returns.

Scorpio Tankers: 2024 Is On Pace To Be Another Transformational Year

Scorpio Tankers (STNG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Scorpio Tankers (STNG) Beat Estimates Again in Its Next Earnings Report?

In the closing of the recent trading day, Scorpio Tankers (STNG) stood at $71.77, denoting a -0.42% change from the preceding trading day.

Scorpio Tankers (STNG) Stock Sinks As Market Gains: Here's Why

Scorpio Tankers (STNG) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Scorpio Tankers Inc. (STNG) Is a Trending Stock: Facts to Know Before Betting on It

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The crux of safe investment lies in choosing a company that is not burdened with debt, as a debt-free stock is almost impossible to find. You can buy DCI, ATR, LWAY, HWKN and STNG.

5 Low Leverage Stocks to Buy Buoyed by Optimistic Economic Data

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Scorpio Tankers (STNG) Stock Undervalued Right Now?

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Investors Heavily Search Scorpio Tankers Inc. (STNG): Here is What You Need to Know

MONACO, March 22, 2024 (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, 2023 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 2023 Annual Report on Form 20-F

Scorpio Tankers (STNG) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Scorpio Tankers Inc. (STNG) Hits Fresh High: Is There Still Room to Run?

Scorpio Tankers (STNG) closed the most recent trading day at $72.22, moving -0.45% from the previous trading session.

Scorpio Tankers (STNG) Stock Dips While Market Gains: Key Facts

MONACO, March 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two 2013 built MR product tankers, STI Larvotto and STI Le Rocher, for $36.15 million per vessel. The Company will make no debt repayments associated with these sales as these vessels are unencumbered. The sales are expected to close within the first half of 2024.

Scorpio Tankers Inc. Announces Agreements to Sell Two MR Product Tankers

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Is Scorpio Tankers (STNG) a Buy as Wall Street Analysts Look Optimistic?

Scorpio Tankers (STNG) closed the most recent trading day at $71.90, moving +0.8% from the previous trading session.

Scorpio Tankers (STNG) Ascends While Market Falls: Some Facts to Note

Scorpio Tankers (STNG) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Rising for Scorpio Tankers (STNG): Will It Gain?

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Here is What to Know Beyond Why Scorpio Tankers Inc. (STNG) is a Trending Stock

Scorpio Tankers (STNG) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Scorpio Tankers Inc. (STNG) is Attracting Investor Attention: Here is What You Should Know

Is Scorpio Tankers (STNG) a Great Value Stock Right Now?

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

Brokers Suggest Investing in Scorpio Tankers (STNG): Read This Before Placing a Bet

MONACO, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced that the Company has signed a non-binding Memorandum of Understanding to install the Fowe Eco Solutions Ltd. (“FOWE”) fuel emulsion systems across its entire fleet. The terms of the licensing agreement will require no material upfront costs for the Company and is expected to result in an overall reduction of at least 3% in fuel costs and 100,000 tons of carbon emissions annually.

Scorpio Tankers Inc. Announces MOU Licensing FOWE Fuel-Saving Devices for Entire Fleet

Scorpio Tankers delivered strong results in 2023, with expanding profit margins, reduced debt, and active share repurchases. The product tanker market is still favorable, with limited supply due to an aging fleet and low order book, and strong demand driven by refinery output and shifting oil demand and supply. STNG trades at 90% P/NAV. TRMD trades at 112% P/NAV and HAFNF at 98% P/NAV. I expect rising inflation in the coming months, pushing the shipping company's NAV further.

Scorpio Tankers: Still My Favorite Product Tanker Stock

Scorpio Tankers Inc. (STNG) Q4 2023 Earnings Call Transcript

Scorpio Tankers (STNG) came out with quarterly earnings of $2.75 per share, beating the Zacks Consensus Estimate of $2.63 per share. This compares to earnings of $4.24 per share a year ago.

Scorpio Tankers (STNG) Beats Q4 Earnings and Revenue Estimates

MONACO, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2023. The Company also announced that its board of directors (the "Board of Directors") has declared a quarterly cash dividend on its common shares of $0.40 per share.

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