Scorpio Tankers(STNG)

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Scorpio Tankers(STNG) - 2022 Q4 - Earnings Call Transcript
2023-02-16 19:29
Call Start: 8:30 January 1, 0000 9:28 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q4 2022 Earnings Conference Call February 16, 2022 8:30 AM ET Company Participants James Doyle - Head of Corporate Development and IR Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Brian Lee - Chief Financial Officer Cameron Mackey - Chief Operating Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants Omar Nokta - Jefferies Jonathan Chappell - Evercore ISI Ken Hoexter - Bank of Ameri ...
Scorpio Tankers(STNG) - 2022 Q4 - Earnings Call Presentation
2023-02-16 14:40
This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. ...
Scorpio Tankers(STNG) - 2022 Q3 - Quarterly Report
2022-11-01 20:18
Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2022 and Declaration of a Quarterly Dividend MONACO--(GLOBE NEWSWIRE - November 1, 2022) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months ended September 30, 2022. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share on the Company's common stock. Results for the three months ended S ...
Scorpio Tankers(STNG) - 2022 Q3 - Earnings Call Transcript
2022-11-01 16:36
Scorpio Tankers Inc. (NYSE:STNG) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants James Doyle - Head of Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Cameron Mackey - Chief Operating Officer Brian Lee - Chief Financial Officer Lars Dencker Nielsen - Commercial Director Conference Call Participants Omar Nokta - Jefferies Jon Chappell - Evercore ISI Liam Burke - B. Riley Greg Lewis - BTIG Turner Holm - Clarkson ...
Scorpio Tankers(STNG) - 2022 Q3 - Earnings Call Presentation
2022-11-01 12:44
Scorpio Tankers Inc. Third Quarter 2022 Earnings Presentation November 1, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast ...
Scorpio Tankers(STNG) - 2022 Q2 - Quarterly Report
2022-10-03 20:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2022 Commission File Number: 001-34677 SCORPIO TANKERS INC. (Translation of registrant's name into English) 9, Boulevard Charles III, Monaco 98000 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form ...
Scorpio Tankers(STNG) - 2022 Q2 - Earnings Call Presentation
2022-07-28 16:32
Scorpio Tankers Inc. Second Quarter 2022 Earnings Presentation July 28, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast," ...
Scorpio Tankers(STNG) - 2022 Q2 - Earnings Call Transcript
2022-07-28 16:32
Scorpio Tankers Inc. (NYSE:STNG) Q2 2022 Earnings Conference Call July 28, 2022 8:00 AM ET Corporate Participants James Doyle - Head of Corporate Development and Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Lars Dencker Nielsen - Commercial Director Conference Call Participants Omar Nokta - Jefferies Greg Lewis - BTIG Liam Burke - B. Riley Turner Holm - Clarkson Operator Good morning and welcome to the Scorpio Tankers Inc., Second Quarter 2022 Conference Call. All pa ...
Scorpio Tankers(STNG) - 2022 Q1 - Earnings Call Presentation
2022-04-29 13:04
Scorpio Tankers Inc. First Quarter 2022 Earnings Presentation April 28, 2022 Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast," ...
Scorpio Tankers(STNG) - 2022 Q1 - Earnings Call Transcript
2022-04-28 21:38
Financial Data and Key Metrics Changes - The company reduced its debt by more than $500 million through vessel sales and scheduled amortization in the first half of the year [7][17] - The fleet is expected to average $25,000 per day TCE in the second quarter, potentially resulting in $450 million in liquidity by the end of June [7][17] - The company anticipates generating almost $600 million in free cash flow before debt repayment if rates average $25,000 per day for the year [18][19] Business Line Data and Key Metrics Changes - Product tanker rates increased significantly at the end of the quarter and remain elevated, driven by increased demand for refined products and seaborne exports [8][11] - The highest rate increases were observed for vessels operating from the US Gulf to Latin America, while MR rates in the US Gulf declined from record levels but increased in the Middle East and Asia [11][12] Market Data and Key Metrics Changes - Diesel demand is robust and has surpassed pre-pandemic levels, contributing to a tight diesel market [11][12] - The situation in Russia and Ukraine has exacerbated the global diesel shortage, with potential increases in ton miles demand as Europe seeks to replace lost Russian imports [12][13] - Seaborne CPP exports exceeded pre-COVID levels by 700,000 barrels per day in April, with refined product demand expected to increase by 4 million barrels per day through the remainder of the year [15][16] Company Strategy and Development Direction - The company aims to improve its balance sheet and create shareholder value in an improving market, with no plans to sell additional vessels [6][9] - The focus is on reducing leverage through scheduled amortization and opportunistically through vessel refinancings, while also considering a $250 million share repurchase program [9][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growing demand for refined products and the increasing dislocation between producers and consumers, expecting a constructive environment for product tanker rates [8][9] - The company anticipates a sustained tight supply-demand balance for refined products throughout the year, with limited ability to supply demand from inventory draws [15][56] Other Important Information - The product tanker order book is at a record low, with scrapping at an all-time high, leading to expectations of minimal fleet growth in the coming years [16][20] - The company has no new building orders and has completed necessary drydockings, allowing for lower capital expenditures [42][43] Q&A Session Summary Question: Discussion on recent vessel sales and fleet management - Management confirmed that they are done with vessel sales and are now focusing on capitalizing on incoming cash flows [28][29] Question: Insights on the LR2 market strength - Management noted a significant increase in LR2 rates, driven by structural demand and repositioning of vessels [31][33] Question: Risks to the current market outlook - Management indicated that while the market outlook is strong, unexpected geopolitical events or drastic changes in demand could pose risks [38][39] Question: Thoughts on M&A and fleet expansion - Management stated that they are focused on maximizing current assets and do not see the need for acquisitions at this time [42] Question: Future dividend strategy - Management indicated that while dividends are part of capital allocation, any increase would depend on sustained market conditions [63][64] Question: Current cash flow and operational efficiency - Management confirmed that they are not facing difficulties in sourcing high sulfur fuel and are focused on maintaining operational efficiency [65]