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

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) 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.

Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2023 and an Increase to its Quarterly Dividend

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Scorpio Tankers (STNG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Scorpio Tankers (STNG) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

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J Mintzmyer On Red Sea Disruptions And 2 Key Shipping Segments

In the latest trading session, Scorpio Tankers (STNG) closed at $66.43, marking a -0.6% move from the previous day.

Scorpio Tankers (STNG) Suffers a Larger Drop Than the General Market: Key Insights

MONACO, Jan. 29, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that on Wednesday February 14, 2024, the Company will issue its fourth quarter 2023 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time.

Scorpio Tankers Inc. Announces that on February 14, 2024 the Company will Issue Fourth Quarter 2023 Results and have a Conference Call

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MONACO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has entered into an agreement to sell an MR product tanker, and has exercised the purchase options on five ships.

Scorpio Tankers Inc. Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships

Zacks.com users have recently been watching Scorpio Tankers (STNG) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Is Trending Stock Scorpio Tankers Inc. (STNG) a Buy Now?

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Scorpio Tankers is set to benefit from the tailwinds in the product tanker market and rising dayrates. The fallout from two wars and a drought impacting the Panama Canal are leading to longer routes and less effective capacity. STNG is well positioned to benefit from the current market dynamics unfolding.

Scorpio Tankers Should Benefit From Rising Dayrates

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J Mintzmyer's 2 Favorite Tankers

MONACO, Dec. 13, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announces updates on fourth quarter of 2023 Daily TCE Revenues and recent debt and lease activity.

Scorpio Tankers Inc. Announces Updates on Fourth Quarter 2023 Daily TCE Revenues and Debt and Lease Activity

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STNG or KEX: Which Is the Better Value Stock Right Now?

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?

Wall Street Bulls Look Optimistic About Scorpio Tankers (STNG): Should You Buy?

The average of price targets set by Wall Street analysts indicates a potential upside of 30.3% in Scorpio Tankers (STNG). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Think Scorpio Tankers (STNG) Could Surge 30.32%: Read This Before Placing a Bet

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STNG vs. KEX: Which Stock Is the Better Value Option?

Global shipping stocks have underperformed the S&P 500 this year, including the SonicShares Global Shipping ETF. Scorpio Tankers is undervalued and has strong technical and momentum indicators following a solid Q3 earnings report. The company's earnings, valuation, dividend yield, and free cash flow forecasts make it an appealing investment option.

Scorpio Tankers: A Solid Q3, Rising Yield, And Positive Technicals

Scorpio Tanker is the largest owner of product tankers. It has 111 vessels at an average age of 7.8 years. 78% of the fleet is equipped with scrubbers. In 2019, Total Debt/Capital was 61.2%, and Total Debt/Equity was 157.9%. Last quarter the figures were 42% and 72.4% respectively. STNG realized 30.24% ROE and 11.86% ROTC last quarter. The gross margin increased from 37.44% in 2021 to 75.3% in 3Q23.

Scorpio Tankers: Solid Tanker Business At The Right Price At The Right Moment

Scorpio Tankers (STNG) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Scorpio Tankers (STNG) Upgraded to Buy: What Does It Mean for the Stock?

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.

Are Investors Undervaluing Scorpio Tankers (STNG) Right Now?

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Scorpio Tankers Inc. (NYSE:STNG ) Q3 2023 Earnings Conference Call November 9, 2023 9:00 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Sean Hager - Head of U.S. Chartering Cameron Mackey - Chief Operating Officer Chris Abella - Chief Financial Officer Conference Call Participants John Chappell - Evercore Omar Nokta - Jefferies Ken Hoexter - Bank of America Greg Lewis - BTIG Frode Morkedal - Clarkson Securities Liam Burke - B. Riley FBR Samuel Bland - JP Morgan Christopher Robertson - Deutsche Bank Operator Hello and welcome to the Scorpio Tankers Inc. Third Quarter 2023 Conference Call.

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