Scorpio Tankers Inc. Aktie News

Shipping disruptions in the Red Sea have led to increased shipping rates in container ships, oil tankers, and dry bulk. Container ships are the most affected trade, followed by oil tankers.

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 p...

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 Participan...

MONACO, May 09, 2024 (GLOBE NEWSWIRE) -- 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.

Currently, two major conditions are converging to continue the strong performance of energy stocks in 2024. Chief among high-performance energy stocks are those in the oil sector which currently adhere to geopolitical shifts.

Skyrocketing rates due to ongoing geopolitical conflicts should propel STNG to beat consensus estimates. At current rates, STNG should generate significant cash flow for deleveraging, dividends, and share repurchases. We estimate STNG could reduce its share count by 13% to 18%, all things equal. The resolution of geopolitical conflicts will reduce rates. Moreover, supply growth will accelerate,...

MONACO, April 15, 2024 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, May 9, 2024, the Company plans to issue its first quarter 2024 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM Eastern Daylight Time and 3:00 PM Central European Summer Time.

Scorpio Tankers is highly profitable due to strong vessel day rates. The refined product shipping industry will remain supply constrained for the next three to four years. Scorpio Tankers will achieve multiple expansion as it achieves debt targets and can allocate over $600 million per year to shareholder returns.