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 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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Marine Money 2023: Latest Updates In Shipping

MONACO, June 27, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received commitments from a group of financial institutions for a previously announced $1.0 billion term loan and revolving credit facility (the “Credit Facility”).

Scorpio Tankers Inc. Announces Commitments for new $1 Billion Term Loan and Revolving Credit Facility

Scorpio Tankers (STNG) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Scorpio Tankers (STNG) a New Strong Buy Stock

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MONACO, June 22, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers” or the “Company”) announced today that it has received a commitment from DekaBank Deutsche Girozentrale for a credit facility of up to $94 million. The credit facility will be used to finance one MR product tanker and three LR2 product tankers. The credit facility has a final maturity of five years from the drawdown date of each vessel and bears interest at SOFR plus a margin of 1.70% per annum.

Scorpio Tankers Inc. Announces a New Credit Facility

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The consensus price target hints at a 57.9% upside potential for Scorpio Tankers (STNG). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Believe Scorpio Tankers (STNG) Could Rally 57.92%: Here's is How to Trade

Scorpio Tankers is a good investment option for someone looking for exposure to the product tanker market. Company is trading at 2/3rds of current NAV, implying 50% upside from here. With a young fleet, reasonable market conditions, and management actively working to reduce debt & share count, STNG stock represents a compelling opportunity. BUY.

Scorpio Tankers: Accumulate At Current Price

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MONACO, June 01, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (the “Company”) announced today that it has recently purchased 851,978 of its common shares in the open market at an average price of $46.74 per share as part of the Company's securities repurchase program.   The Company currently has 55,331,704 common shares outstanding.

Scorpio Tankers Inc. Announces Repurchases of Its Common Shares and Replenishes Its 2023 Securities Repurchase Program

MONACO, May 17, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (the “Company”) announced today that it has recently purchased 1,262,959 of its common shares in the open market at an average price of $48.42 per share as part of the Company's securities repurchase program.   The Company currently has 56,183,682 common shares outstanding.

Scorpio Tankers Announces Repurchases of Its Common Shares

MONACO, May 11, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced today that it has exercised the purchase options on five ships and that it has repurchased its common shares in the open market.

Scorpio Tankers Inc. Announces the Exercise of Purchase Options on Five Ships and Repurchases of Its Common Shares

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Top Picks For Today's Product Tanker Market

Scorpio Tankers Inc. (NYSE:STNG ) Q1 2023 Results Conference Call May 2, 2023 8:00 AM ET Company Participants James Doyle - Head of Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Cameron Mackey - Chief Operating Officer Brian Lee - Chief Financial Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants John Chappell - Evercore Omar Nokta - Jefferies Samuel Bland - JP Morgan Kenneth Hoexter - Bank of America Frode Morkedal - Clarkson Securities Liam Burke - B. Riley FBR Christopher Robertson - Deutsche Bank Operator Ladies and gentlemen, good day, and welcome to the Scorpio Tankers Inc., First Quarter 2023 Conference Call.

Scorpio Tankers Inc. (STNG) Q1 2023 Earnings Call Transcript

Scorpio Tankers (STNG) came out with quarterly earnings of $3.31 per share, beating the Zacks Consensus Estimate of $2.92 per share. This compares to loss of $0.27 per share a year ago.

Scorpio Tankers (STNG) Surpasses Q1 Earnings and Revenue Estimates

MONACO, May 02, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 31, 2023. The Company also announced that its board of directors (the "Board of Directors") has declared a quarterly cash dividend of $0.25 per common share.

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

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.

Scorpio Tankers (STNG) Earnings Expected to Grow: Should You Buy?

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MONACO, April 17, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Tuesday, May 2, 2023, the Company plans to issue its first quarter 2023 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 8:00 AM Eastern Daylight Time and 2:00 PM Central European Summer Time.

Scorpio Tankers Inc. To Announce First Quarter 2023 Results and Have a Conference Call on May 2, 2023

MONACO, April 11, 2023 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announced today that it has exercised the purchase options on six ships and that it has repurchased its common shares in the open market.

Scorpio Tankers Inc. Announces the Exercise of Purchase Options on Six Ships and Repurchases of Its Common Shares

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In 2022, Scorpio Tankers' net debt-to-equity and net debt-to-EBITDA ratios dropped deeply to 0.62x and 1.56x, respectively. Frontline's liquidity condition is promising. Its current ratio doubled to 2.25x, and its cash ratio boosted to 1.25x at the end of 2022.

News for Scorpio Tankers Stock (STNG)