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 ...

Financial Data and Key Metrics Changes - In Q1 2024, the company generated $293 million in adjusted EBITDA and $207 million in adjusted net income, indicating strong financial performance [30] - The daily fleet operating breakeven is projected to decrease to $12,500 per day, which is among the lowest in the industry [31][60] - The company has reduced its net debt to $811 million, achieving its net debt target [36][131] Business Line Data and Key Metrics Changes - Spot rates for MRs are currently around $40,000 per day, while LR2s are at approximately $50,000 per day, reflecting a robust demand for refined products [32] - The average age of the product tanker fleet is now 13 years, with 50% expected to be older than 15 years by 2026, indicating potential scrapping candidates [34] Market Data and Key Metrics Changes - Global demand for refined products is expected to increase by 1.5 million barrels per day through year-end, driven by diesel, gasoline, jet fuel, and naphtha [56] - Seaborne exports reached 21.1 million barrels a day in March, up 1.1 million compared to 2019 levels, highlighting a significant increase in export activity [56] Company Strategy and Development Direction - The company is focused on deleveraging and has successfully simplified its balance sheet through refinancing, which has led to lower financing costs [36] - The management remains optimistic about the market dynamics, citing low global inventories and robust demand as supportive factors for continued strength in product tanker rates [31][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the market, noting that the company is well-positioned to capitalize on opportunities due to its modern fleet and low breakeven costs [31][64] - The company anticipates a significant reduction in cash breakeven starting in Q3 2024, which will enhance its ability to return capital to shareholders [131] Other Important Information - The company is in discussions with lenders regarding a $1 billion credit facility to prepay up to $223 million, which would further reduce its debt burden [11] - The company has generated $1.3 billion in adjusted EBITDA over the past five quarters, allowing for substantial debt repayment and stock buybacks [59] Q&A Session Summary Question: Does reaching the debt target change the company's view on business? - Management indicated that reaching the debt target allows for a renewed focus on share buybacks and strategic opportunities [43] Question: What is the outlook for the LR2 and MR markets? - Management noted that while LR2s have been volatile, MRs have shown consistent performance, and both segments are expected to benefit from strong demand [49][56] Question: Is there a seasonal pullback expected in the second quarter? - Management does not anticipate a seasonal pullback, instead expecting a ramp-up in demand due to refinery outputs and increased exports from China [82] Question: What is the company's vision for fleet renewal? - Management stated that they view the company as an ongoing entity and do not plan to run down the fleet but will remain opportunistic regarding fleet renewal [111][113]

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].

Scorpio Tankers Inc. (NYSE:STNG) Q4 2023 Earnings Conference Call February 14, 2024 9:00 AM ET Corporate 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 Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Greg Lewis - BTIG Sam Bland - JPMorgan Ken Hoexter - Bank of America Frode Morkedal - Clarksons Securities ...

$14.5 $16.3 $15.9 $36.1 $34.9 $41.8 $48.2 $41.1 $46.2 $52.0 $39.8 $52.1 $43.3 $33.5 $38.3 $39.5 $28.6 $26.8 $29.9 $28.6 $22.9 $36.5 $31.2 $30.4 LR2 MR HM ($USD millions) $1,328 $959 $570 $339 $490 $58 TCE Revenue Adj EBITDA Adj Net income Debt Reduction Share Repurchases Dividends $50.27/share Debt Repayment from December 31, 2022, through March 31, 2024 Outstanding Indebtedness by Type 16 Significant Operating Leverage & Earnings Potential $378 $779 $1,181 $1,582 $1,984 $7.1/Share $14.7/Share $22.2/Share $ ...

Call Start: 09:00 January 1, 0000 10:00 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q3 2023 Earnings Conference Call November 9, 2023 09:00 ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Sean Hager - Head of U.S. Chartering Cameron Mackey - Chief Operating Officer Chris Abella - Chief Financial Officer Conference Call Participants John Chappell - Evercore Omar Nokta - Jefferies Ken Hoexter - Bank of Ameri ...

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2023, an Increase to its Quarterly Dividend, and Replenishment of its 2023 Securities Repurchase Program Exhibit 99.1 For the nine months ended September 30, 2022, the Company had net income of $372.8 million, or $6.74 basic and $6.07 diluted earnings per share. MONACO--(GLOBE NEWSWIRE - November 9, 2023) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months e ...

Scorpio Tankers Inc. (NYSE:STNG) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Brian Lee - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies John Chappell - Evercore Nathan Ho - Bank of America Samuel Bland - JP Morgan Frode Morkedal - Clarkson Securities Sherri Elmaghrabi - BTIG Liam Burke - B. Riley FBR Christopher R ...