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Scorpio Tankers ( (STNG) ) has provided an update.
Scorpio Tankers Inc. reported its financial results for the fourth quarter and the full year of 2024 on February 12, 2025. The company posted a net income of $68.6 million for the fourth quarter, compared to $120.9 million in the same period of 2023. For the full year 2024, net income was $668.8 million, reflecting an increase from $546.9 million in 2023. Despite the mixed quarterly performance, the company declared a quarterly cash dividend of $0.40 per common share. Additionally, Scorpio Tankers made strategic financial moves, including issuing $200 million in new senior unsecured bonds and securing a $500 million revolving credit facility, demonstrating its proactive approach to managing debt and expanding its liquidity.
More about Scorpio Tankers
Scorpio Tankers Inc. operates within the shipping industry, focusing primarily on the transportation of refined petroleum products. The company is based in Monaco and is listed on the New York Stock Exchange under the symbol STNG.
YTD Price Performance: -3.70%
Average Trading Volume: 981,423
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.56B
See more insights into STNG stock on TipRanks’ Stock Analysis page.
