think4photop/iStock via Getty Images Recap Our bull thesis on Scorpio Tankers (NYSE:STNG) is still at play. Product rates remain elevated due to increasing ton-mile demand following the European Union ("EU") ban against Russia and the Red Sea Crisis. Dislocated refineries from Europe to other parts of the world are also expected to structurally drive ton-mile demand as tankers travel at longer distances. With more FCF, STNG has been deleveraging its balance sheet, reducing the cash break-even level, which w ...

AvigatorPhotographer On July 30th, Scorpio Tankers (NYSE:STNG) released its Q2-2024 eamings report, which slightly surpassed analysts' expectations. Consequently, the stock rose by over 3% during the following trading hours, with trading volumes exceeding the average. In this article, I will provide an overview of the Q2-2024 results and explain why I believe Scorpio Tankers-one of the largest product tanker fleet companies in the world-remains a strong buy. Despite its significant market value increase in ...

Disclaimer and Forward-looking Statements Risks and uncertainties include, but are not limited to, the failure of counterparties to fully perform their contracts with Scorpio, the strength of world economies and currencies, general market conditions, including fluctuations in charter hire rates and vessel values, changes in demand in the tanker vessel markets, changes in Scorpio's operating expenses, including bunker prices, drydocking and insurance costs, the fuel efficiency of our vessels, the market for ...

Start Time: 09:00 January 1, 0000 9:47 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q2 2024 Earnings Conference Call July 30, 2024, 09:00 PM ET Company Participants Emanuele Lauro - CEO Robert Bugbee - President Cameron Mackey - COO Chris Avella - CFO James Doyle - Head of Corporate Development and IR Conference Call Participants Jon Chappell - Evercore ISI Omar Nokta - Jefferies Ken Hoexter - Bank of America Greg Lewis - BTIG Ben Nolan - Stifle Chris Robertson - Deutsche Bank Frode Mørkedal - Clarkson Securities ...

This quarterly report represents an earnings surprise of 2.27%. A quarter ago, it was expected that this shipping company would post earnings of $3.72 per share when it actually produced earnings of $3.97, delivering a surprise of 6.72%. Scorpio Tankers, which belongs to the Zacks Transportation - Shipping industry, posted revenues of $373.47 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.65%. This compares to year-ago revenues of $327.56 million. The company has toppe ...

MONACO, July 30, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and six months ended June 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 months ended June 30, 2024 and 2023 For the three months ended June 30, 2024, the Company had net income of $227.3 million, or $4.54 basic ...

Conference Call Information Date: Tuesday, July 30, 2024 The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the webcast link: Participants for the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information. Scorpio ...

Title: Scorpio Tankers Inc. Second Quarter 2024 Conference Call The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the webcast link: The conference will also be available telephonically: US/CANADA Dial-In Number: 1-833-636-1321 International Dial-In Number: 1-412-902-4260 Please ask to join the Scorpio Tankers Inc. call. Participants should dial into the call 10 minutes before the scheduled time. Forward-Looking Statements Conference ...

MONACO, July 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced that it recently repurchased 756,312 of its common shares in the open market at an average price of $78.07 per share under the 2023 Securities Repurchase Program. Since June 1, 2024, the Company has repurchased an aggregate of 1,397,966 of its common shares in the open market at an average price of $78.16 per share. There is $140.7 million available under the 2023 Securities Repurchase ...

MONACO, June 17, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced updates on its securities repurchase program and second quarter of 2024 daily TCE revenues. The Company recently repurchased 641,654 of its common shares in the open market at an average price of $78.26 per share under the 2023 Securities Repurchase Program. There is $199.8 million available under the 2023 Securities Repurchase Program as of June 14, 2024. Below is a summary of the esti ...