Core Viewpoint - Scorpio Tankers Inc. reported a decline in net income for the fourth quarter of 2024 compared to the same period in 2023, alongside a quarterly cash dividend declaration of $0.40 per share [1][11]. Financial Results - For the three months ended December 31, 2024, the company had a net income of $68.6 million, or $1.48 basic and $1.43 diluted earnings per share [2][4]. - Adjusted net income for the same period was $30.3 million, or $0.65 basic and $0.63 diluted earnings per share, excluding specific gains and losses [3]. - In comparison, for the three months ended December 31, 2023, the company reported a net income of $120.9 million, or $2.43 basic and $2.34 diluted earnings per share [4][5]. Yearly Performance - For the year ended December 31, 2024, the company reported a net income of $668.8 million, or $13.78 basic and $13.15 diluted earnings per share [6]. - Adjusted net income for the year was $512.9 million, or $10.57 basic and $10.08 diluted earnings per share, after excluding certain gains and losses [7]. - In contrast, for the year ended December 31, 2023, the company had a net income of $546.9 million, or $10.44 basic and $10.03 diluted earnings per share [8][9]. Revenue and Operating Metrics - The average daily Time Charter Equivalent (TCE) revenue for the fourth quarter of 2024 was $21,978 per vessel, down from $32,949 per vessel in the same quarter of 2023 [34]. - TCE revenue for the fourth quarter of 2024 decreased by $141.9 million to $192.1 million, compared to $334.1 million in the fourth quarter of 2023 [34]. - The average number of vessels was 100.9 in Q4 2024, down from 111.5 in Q4 2023, contributing to the decline in revenue [34]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.40 per common share, payable on March 21, 2025, to shareholders of record as of March 7, 2025 [11]. Debt and Financing Activities - In January 2025, the company successfully placed $200 million of new senior unsecured bonds due in January 2030, with a fixed coupon rate of 7.50% per annum [12][25]. - The company executed a $500 million revolving credit facility in February 2025, providing flexibility for future financing needs [27]. - As of February 11, 2025, the company had $530.5 million in unrestricted cash and cash equivalents, along with $788.2 million of undrawn revolver capacity [20]. Share Repurchase Program - From October 1, 2024, to February 12, 2025, the company repurchased 658,125 common shares at an average price of $59.33 per share, with $173.5 million remaining under the 2023 Securities Repurchase Program [14].

Core Viewpoint - Scorpio Tankers (STNG) is expected to report a year-over-year decline in earnings due to lower revenues, with the consensus outlook indicating a significant drop in both earnings and revenues for the quarter ended December 2024 [1][3]. Earnings Expectations - The upcoming earnings report is anticipated to be released on February 13, 2025, with an expected EPS of $0.71, reflecting a year-over-year decrease of 74.2% [3]. - Revenues are projected to be $196.69 million, down 41.1% from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has been revised down by 34.06% over the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - Scorpio Tankers currently has an Earnings ESP of -38.78%, suggesting that analysts have lowered their expectations significantly [11]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate is lower than the Zacks Consensus Estimate, which may lead to a negative earnings surprise [10][11]. - Historically, Scorpio Tankers has beaten consensus EPS estimates in the last four quarters, with a surprise of +8.70% in the most recent quarter [12][13]. Industry Comparison - Another company in the shipping industry, Danaos (DAC), is expected to report earnings of $6.52 per share for the same quarter, indicating a year-over-year change of -6.7% [17]. - Danaos has an Earnings ESP of 0.00% and a Zacks Rank of 3 (Hold), making it difficult to predict an earnings beat [18].

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]

Group 1 - Scorpio Tankers Inc. has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market, with a maturity date in January 2030 and a fixed coupon of 7.5% per annum, payable semi-annually [1][2] - The net proceeds from the bond issue will be used to refinance existing senior unsecured notes amounting to USD 70.6 million and for general corporate purposes [2] - Scorpio Tankers Inc. operates a fleet of 99 product tankers, including 38 LR2 tankers, 47 MR tankers, and 14 Handymax tankers, with an average age of 8.8 years [3]

Core Viewpoint - Scorpio Tankers Inc. is planning to arrange a series of fixed income investor calls starting January 13, 2025, potentially leading to a five-year USD denominated senior unsecured bond issue, subject to market conditions [1] Group 1: Bond Issue Details - The net proceeds from the proposed bond issue are intended for refinancing existing 7.0% senior unsecured notes due June 30, 2025, with an outstanding principal balance of USD 70.6 million, and for general corporate purposes [2] - The senior unsecured bonds, if issued, will be offered only to qualified institutional buyers in the United States under Rule 144A of the Securities Act of 1933, and will not be registered under the Securities Act or any state securities laws [3] Group 2: Company Overview - Scorpio Tankers Inc. is a provider of marine transportation of petroleum products globally, currently owning or leasing 99 product tankers, including 39 LR2 tankers, 46 MR tankers, and 14 Handymax tankers, with an average age of 8.8 years [4]

Core Insights - Capital Link is hosting a series of online Company Presentations featuring senior management teams from leading listed maritime companies to discuss business development, strategy, growth prospects, and sector outlook [1] Group 1: Event Details - The Company Presentation Series will include online attendance that is complimentary, with registration available through a provided link [2] - Each session will last no more than 45 minutes, consisting of a company slide presentation followed by a live Q&A session [2] - Institutional investors can request one-on-one meetings with company management via email [2] Group 2: Q&A and Interaction - Questions for the Q&A session can be submitted during the webinar or via email prior to the start of the session [3] Group 3: Company Information - Capital Link, founded in 1995, provides Investor & Public Relations and Media services to listed and private companies, and organizes industry and investment conferences annually [4] - Capital Link is a data partner of the Baltic Exchange and has a presence in New York City, London, Athens, and Oslo [4] Group 4: Upcoming Presentations - Scorpio Tankers Inc. (NYSE: STNG) will present on January 7, 2025, at 11:00 AM ET, followed by International Seaways, Inc. (NYSE: INSW) on January 9, 2025, at 10:00 AM ET [6]

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 ...

Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2024 and the Declaration of a Dividend MONACO--(GLOBE NEWSWIRE - October 29, 2024) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months ended September 30, 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 mo ...

Scorpio Tankers (STNG) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.70%. A quarter ago, it was expected that this shipping company would post earnings of $3.52 per share when it actually produced earnings of $3.60, delivering a surprise of 2.27%.Over the last four quarters, the c ...