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Scorpio Tankers (STNG)
:STNG
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.41Last Year’s EPS
2.75Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2018
|% Change Since: -10.03%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Positive
The earnings call reflects a generally positive sentiment with strong financial results, strategic debt reduction, and shareholder returns. The company is well-positioned with a strong market outlook despite some seasonal and competitive challenges.Company Guidance
During the Scorpio Tankers' third quarter 2024 earnings call, the management provided several key metrics and insights into the company's performance and strategy. The company reported an adjusted EBITDA of $166 million and an adjusted net income of $87.7 million for the quarter. The daily cash breakeven costs were reduced to $12,500, with the LR2 fleet generating $18,000 per day and the MR fleet $8,000 per day in Q4. Since July, Scorpio Tankers has reduced its debt by $115 million and repurchased over $300 million of its own shares, representing more than 7% of the company. The company declared a quarterly dividend of $0.40 per share, contributing to $7.13 per share returned to shareholders in 2024. Additionally, Scorpio acquired a 4.9% stake in DHT Holdings for $89 million, aiming to capitalize on an anticipated upturn in the crude oil market. The company also completed the sale of six vessels and announced the sale of another three, with liquidity standing at $463 million on a pro forma basis. Management expressed a positive outlook on both crude oil and refined products markets, highlighting low leverage and strong liquidity as strategic advantages.Strong Financial Performance
Generated $166 million in adjusted EBITDA and $87.7 million in adjusted net income in Q3 2024. Despite a seasonal dip, rates remained above historical averages.
Debt Reduction and Shareholder Returns
Reduced debt by $115 million since July and over $700 million year-to-date. Returned $7.13 per share to shareholders in 2024 through dividends and stock repurchases.
Asset Sales and Liquidity Position
Completed the sale of 6 vessels, announced the sale of 3 more, and achieved liquidity of $463 million on a pro forma basis.
Investment in Crude Tanker Sector
Acquired a 4.9% stake in DHT, reflecting a positive outlook for the crude oil market and its impact on refined products.
Efficient Fleet Management
Nearly 60% of the fleet will undergo dry docking by year-end, improving efficiency and earnings days for the next year.
Positive Market Outlook
Expectations for Q4 and Q1 earnings to exceed Q3, driven by increased refinery runs and seasonal improvements in tanker rates.
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STNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 29, 2024 | $60.49 | $58.87 | -2.68% |
| Jul 30, 2024 | $73.51 | $75.87 | +3.21% |
| May 09, 2024 | $74.07 | $75.37 | +1.76% |
| Feb 14, 2024 | $65.84 | $64.69 | -1.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Scorpio Tankers (STNG) report earnings?
Scorpio Tankers (STNG) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Scorpio Tankers (STNG) earnings time?
Scorpio Tankers (STNG) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STNG EPS forecast?
STNG EPS forecast for the fiscal quarter 2024 (Q4) is 1.41.
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