Group 1: Earnings Performance - Scorpio Tankers reported quarterly earnings of $0.63 per share, exceeding the Zacks Consensus Estimate of $0.49 per share, but down from $2.75 per share a year ago, representing an earnings surprise of 28.57% [1] - The company has surpassed consensus EPS estimates in all four of the last quarters [2] - Scorpio Tankers posted revenues of $192.15 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.31% and down from $334.07 million year-over-year [2] Group 2: Stock Performance and Outlook - Scorpio Tankers shares have declined about 3% since the beginning of the year, while the S&P 500 has gained 3.2% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $0.92 on revenues of $197.17 million, and for the current fiscal year, it is $4.86 on revenues of $903.42 million [7] Group 3: Industry Context - The Transportation - Shipping industry, to which Scorpio Tankers belongs, is currently ranked in the bottom 8% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Scorpio Tankers' stock performance [5] - The unfavorable trend in estimate revisions has resulted in a Zacks Rank 4 (Sell) for Scorpio Tankers, suggesting expected underperformance in the near future [6]

Financial Performance - For Q4 2024, Scorpio Tankers reported a net income of $68.6 million, translating to $1.48 basic and $1.43 diluted earnings per share[2]. - Adjusted net income for Q4 2024 was $30.3 million, or $0.65 basic and $0.63 diluted earnings per share, excluding a $52.6 million gain on vessel sales[3]. - For the full year 2024, net income reached $668.8 million, with basic earnings per share of $13.78 and diluted earnings per share of $13.15[6]. - The company reported a net cash inflow from operating activities of $825,180,000 for the year ended December 31, 2024, compared to $865,492,000 in 2023[33]. - Net income for the year ended December 31, 2024, was $668,774,000, up 22% from $546,898,000 in 2023[33]. - Basic earnings per share for 2024 was $13.78, an increase of 32% from $10.44 in 2023[28]. - Adjusted EBITDA for Q4 2024 was $105.146 million, a decrease of 55.8% from $237.452 million in Q4 2023[34]. - The company’s adjusted EBITDA for the year ended December 31, 2024, was $842,012,000, compared to $959,349,000 for 2023[50]. Revenue and Expenses - TCE revenue for Q4 2024 was $192.1 million, a decline of $141.9 million from $334.1 million in Q4 2023, representing a decrease of 42.5%[25]. - Vessel revenue for Q4 2024 was $203,969,000, a decrease of 39% from $336,313,000 in Q4 2023[28]. - Operating income for the year ended December 31, 2024, increased to $764,603,000, compared to $705,150,000 in 2023, reflecting a growth of 8%[28]. - Financial expenses for Q4 2024 decreased by $27.9 million to $18.3 million from $46.3 million in Q4 2023, primarily due to reduced interest expenses[26]. - The company’s financial expenses for the year ended December 31, 2024, were $109,539,000[50]. Dividends and Share Repurchases - The company declared a quarterly cash dividend of $0.40 per common share, payable on March 21, 2025[10]. - The company repurchased common stock amounting to $335,593,000 in 2024, compared to $489,680,000 in 2023, indicating a decrease of 31%[33]. - The company declared dividends of $0.20, $0.25, and $0.25 per common share for March, June, and September 2023, respectively, with a planned increase to $0.35 in December 2023[43]. Debt and Liquidity - As of February 11, 2025, Scorpio Tankers had $530.5 million in unrestricted cash and cash equivalents, along with $788.2 million of undrawn revolver capacity[19]. - As of February 11, 2025, the total gross debt outstanding was $1,067.6 million, with a net debt of $537.1 million[21]. - The Company prepaid $22.9 million on its 2023 $1.0 Billion Credit Facility in October 2024, with an undrawn amount of $288.2 million still available[22]. - In January 2025, the company placed $200 million of new senior unsecured bonds due in January 2030, with a fixed coupon rate of 7.50%[12]. - The Company executed a $500.0 Million Revolving Credit Facility in February 2025, with $500.0 million available to be drawn[23]. Fleet and Operations - The average daily Time Charter Equivalent (TCE) revenue for LR2 vessels in Q4 2024 was $25,594, while for MR vessels it was $19,351[11]. - The average number of vessels decreased to 100.9 in Q4 2024 from 111.5 in Q4 2023, a decline of 9.3%[25]. - The company owns or leases 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers, with an average age of 8.9 years[44]. - The company continues to focus on fleet optimization and cost management strategies to navigate market challenges[34]. Market Conditions and Risks - The company acknowledges the impact of geopolitical events, including the conflict in Ukraine and the Middle East, on its operations[53]. - Key risks include unforeseen liabilities, capital expenditures, and economic performance, which could impact future revenues and expenses[53]. - Market conditions such as fluctuations in charter rates and vessel values are critical factors affecting the company's performance[53]. - There is a potential for disruptions in shipping routes due to accidents or political events, which could affect operational efficiency[53]. - The company is committed to monitoring changes in governmental regulations and their potential impact on business operations[53]. Future Outlook - Management's assumptions for future performance are based on historical operating trends and third-party data, but actual results may differ significantly[52]. - The company is focused on the expansion and growth of operations, including potential acquisitions and the integration of new assets[53]. - The company emphasizes the importance of forward-looking statements and the inherent uncertainties associated with them[51].

MONACO, Feb. 12, 2025 (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, 2024. 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. Results for the three months ended December 31, 2024 and 2023 For the three months ended December 31, 2024, the Company had net income of $68.6 million, or ...

The market expects Scorpio Tankers (STNG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 13, 2025, might help the stock move higher if these key numbe ...

Earnings Announcement and Conference Call - Scorpio Tankers Inc plans to release its Q4 2024 earnings on February 13, 2025, followed by a conference call at 9:00 AM EST and 3:00 PM CET [1] - The conference call will be accessible via webcast on the company's website and telephonically with US/Canada and international dial-in numbers provided [2][3] - Participants are advised to register for the webcast or dial in 10 minutes before the scheduled start time [2][3] Company Overview - Scorpio Tankers Inc is a global provider of marine transportation for petroleum products [4] - The company owns or lease finances 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers, with an average age of 8.9 years [4] Forward-Looking Statements - The press release contains forward-looking statements regarding the company's plans, objectives, strategies, and future performance [5] - These statements are based on management's assumptions, including historical operating trends and third-party data, but are subject to uncertainties and contingencies beyond the company's control [6] - The company undertakes no obligation to update or revise forward-looking statements unless required by law [7] Potential Factors Affecting Performance - Actual results may differ from forward-looking statements due to unforeseen liabilities, capital expenditures, revenues, expenses, and economic performance [8] - Other factors include changes in demand for petroleum products, charter rates, vessel values, operating expenses, financing availability, and regulatory changes [8] - Geopolitical conditions, such as conflicts in Ukraine and the Middle East, and potential disruptions to shipping routes may also impact the company's performance [8]

MONACO, Jan. 16, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) announces today that it has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. An application will be made for the bonds to be listed on the Oslo Stock Exchange. The new bonds are due to mature in January 2030 and will pay a fixed coupon of 7.5% per annum, payable semi-annually in arrears. The net proceeds from the bond issue shall be used to refinance th ...

MONACO, Jan. 12, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) (“Scorpio Tankers” or the “Company”) through its Norwegian investment banks, will arrange a series of fixed income investor calls commencing on January 13, 2025. A five-year USD denominated senior unsecured bond issue may follow, subject to inter alia market conditions. The net proceeds from the contemplated bond issue are intended to be used for the refinancing of the Company’s existing 7.0% senior unsecured notes due June 30, 2025 ...

NEW YORK, Jan. 06, 2025 (GLOBE NEWSWIRE) -- Capital Link is hosting a series of online Company Presentations, whereby the Senior Management teams of leading listed maritime companies will present their business development, strategy, growth prospects, and overall sector outlook. Initiating Capital Link’s Company Presentation Series will be: Scorpio Tankers Inc. (NYSE: STNG) on Tuesday, January 7, 2025, at 11:00 AM ET and International Seaways, Inc. (NYSE: INSW) on Thursday, January 9, 2025, at 10:00 AM ET R ...

For almost a decade, I held research analyst positions in various investment firms, mostly in Toronto. In the summer of 2021, I left the city and moved into a yurt I built in the boreal forest. I went from living in downtown Toronto to living alone in the woods approximately 100km away from the closest paved road or grocery store.Self-sufficiency does not exist, as I replaced my relationships with grocery stores and utility providers with natural ecosystems and, ultimately, with God. Knowing that I am able ...

MONACO, Dec. 12, 2024 (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 revolving loan of up to $500.0 million (the “Revolving Credit Facility”).  The Revolving Credit Facility is a 100% revolving loan, which has a final maturity of seven years from the signing date and gives the Company the flexibility to draw down or repay the loan during the loan tenor. The Revolving Cred ...