Securities Repurchase Program Second Quarter of 2024 Daily Time Charter Equivalent ("TCE") Revenues (1) TCE revenue, a Non-IFRS measure, is vessel revenues less voyage expenses (including bunkers and port charges). TCE revenue is included herein because it is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance irrespective of changes in the mix of charter types (i.e., spot charters, time charters, and pool charters), and it ...

The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are diffic ...

MONACO, June 11, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has entered into agreements to sell five MR product tankers (four 2012 built and one 2013 built). The 2012 built vessels (three of which are scrubber fitted), STI Garnet, STI Onyx, STI Ruby, and STI Topaz, have been contracted to be sold for $142.5 million in aggregate to three separate buyers. The 2013 built vessel, STI Beryl (which is not scrubber fitted), has been contr ...

MONACO, May 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received approval from majority lenders under its 2023 $1.0 Billion Credit Facility to make an unscheduled repayment on the term portion of this credit facility in June 2024 of $223.6 million. This prepayment is to be applied against the eight quarterly principal installments of the term loan falling due between the third quarter of 2024 and the second quarter of 2026. ...

This repayment will not impact the availability under the revolving portion of this credit facility, which is currently $288.2 million. MONACO, May 20, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that it has received approval from majority lenders under its 2023 $1.0 Billion Credit Facility to make an unscheduled repayment on the term portion of this credit facility in June 2024 of $223.6 million. This prepayment is to be applied against th ...

Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the First Quarter of 2024 and Declaration of a Dividend MONACO--(GLOBE NEWSWIRE - May 9, 2024) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months ended March 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 March 31, 2 ...

Scorpio Tankers Inc. (NYSE:STNG) Q1 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Cameron Mackey - Chief Operating Officer Chris Abella - Chief Financial Officer Lars Dencker Nielsen - Chief Commercial Officer Conference Call Participants Omar Nokta - Jefferies Jon Chappell - Evercore ISI Greg Lewis - BTIG Ken Hoexter - Bank of America Frode Morkedal ...

20.0 20.5 20.0 19.1 20.6 21.1 17.0 18.0 19.0 20.0 21.0 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 Mar-24 Seaborne Diesel Exports 9.0 9.5 10.0 10.5 11.0 11.5 12.0 12.5 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019-23 Range 2019-23 Avg YTD (mb/d) Seaborne Gasoline Exports (mb/d) 5.5 6.0 6.5 7.0 7.5 8.0 8.5 9.0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2019-23 Range 2019-23 Avg YTD Vortexa, May 2024 9 Refining Capacity Changes Drive Ton Mile Demand | --- | --- | --- | --- | --- | --- | --- | --- | --- | - ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ¨ SHELL COMPANY REPOR ...

Financial Performance - For Q4 2023, Scorpio Tankers reported a net income of $120.9 million, translating to $2.43 basic and $2.34 diluted earnings per share[2]. - Adjusted net income for Q4 2023 was $142.2 million, or $2.85 basic and $2.75 diluted earnings per share, after excluding certain costs[3]. - For the full year 2023, the company achieved a net income of $546.9 million, or $10.44 basic and $10.03 diluted earnings per share[6]. - The adjusted net income for the year 2023 was $570.3 million, or $10.89 basic and $10.46 diluted earnings per share[7]. - The company recorded a net income of $546.9 million for the year ended December 31, 2023, compared to $637.3 million in 2022[33]. - Net income for the year ended December 31, 2023, was $546,898 thousand, a decrease of 14.2% compared to $637,251 thousand in 2022[37]. - Basic earnings per share for Q4 2023 were $2.43, down from $4.74 in Q4 2022[33]. - Adjusted EBITDA for the year ended December 31, 2023, was $959,349 thousand, down 11.2% from $1,080,691 thousand in 2022[39]. Revenue and Earnings - TCE revenue for Q4 2023 was $334.1 million, down $126.2 million (27.4%) from $460.3 million in Q4 2022, with average daily TCE revenue decreasing to $32,949 from $45,679[30]. - The average daily TCE (Time Charter Equivalent) per revenue day for the fleet was $32,711 in 2023, a decrease of 6.3% from $34,878 in 2022[39]. - The company reported a revenue of $70 billion for Q2 2020, marking a 10% increase year-over-year[8]. - The company provided guidance for Q3 2020, expecting revenue between $72 billion and $75 billion, indicating a potential growth of 3% to 7%[6]. Dividends - The board declared a quarterly cash dividend of $0.40 per common share, with a payment date set for March 27, 2024[10]. - The company paid dividends of $0.10 per share quarterly in 2022, increasing to $0.25 per share in June 2023 and $0.35 per share in December 2023[46]. Debt and Financial Management - The company plans to exercise purchase options on multiple vessels, resulting in a total debt reduction of approximately $209.1 million[12]. - Scorpio Tankers made unscheduled debt and lease repayments totaling $497.1 million in Q4 2023 and an additional $171.1 million from January 1 to February 13, 2024[12]. - As of December 31, 2023, the company's gross debt outstanding was $1.618 billion, with net debt at $1.263 billion[23]. - The company drew down $324.6 million from the 2023 $1.0 billion credit facility in November and December 2023, with 13 vessels placed as collateral[24]. - Estimated future principal repayments from January 1, 2024, to December 31, 2026, total $1.618 billion, including $171.1 million due in Q1 2024[26]. - The company expects to make total unscheduled repayments of $171.1 million in 2024[21]. - Financial expenses for the year increased to $183,231,000 from $169,795,000, reflecting an 8% rise[56]. Operational Costs - Vessel operating costs decreased by $2.2 million to $83.9 million in Q4 2023, with costs per vessel per day slightly down to $8,181 from $8,289 in Q4 2022[30]. - The company incurred $6.0 million in aggregate costs for drydock and ballast water treatment in Q4 2023, with estimated costs of $11.3 million in Q1 2024[27]. - Depreciation expense for owned or sale leaseback vessels increased by $7.1 million to $48.6 million in Q4 2023, attributed to the purchase of 21 lease-financed vessels[30]. - General and administrative expenses rose by $5.7 million to $32.1 million in Q4 2023, primarily due to a one-time non-cash charge of $8.4 million related to stock amortization[31]. Fleet and Operations - The company operates a fleet of 42 vessels, primarily Handymax and MR types, with deadweight tonnage (DWT) ranging from 38,734 to 49,990[43]. - The average age of the fleet is approximately 8 years, suggesting a modern and efficient operational capability[43]. - The average number of vessels operated was 111.5 in Q4 2023, compared to 113.0 in Q4 2022[30]. - The company has a total of 30 MR vessels equipped with scrubbers, enhancing their environmental compliance and operational efficiency[43]. - The company has a diverse fleet with 10 vessels under time charter agreements, potentially reducing market risk[43]. Market and Strategic Outlook - The company is exploring opportunities for market expansion and potential acquisitions to enhance its competitive position[43]. - Future growth strategies may include investments in new technologies and vessel upgrades to meet evolving industry standards[43]. - The ongoing military conflict in Ukraine has led to significant volatility in oil prices, impacting the company's operations[48]. - The company anticipates potential risks related to economic performance and market conditions, including fluctuations in charter rates and vessel values[60].