STNG Earnings Prediction
The chart below shows how STNG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, STNG sees a -1.66% change in stock price 10 days leading up to the earnings, and a -0.87% change 10 days following the report. On the earnings day itself, the stock moves by +0.83%. This data can give you a slight idea of what to expect for the next quarter's release.
STNG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
267.99M
-7.97%
-29.60%
Gross Margin
52.81%
-4.43%
-21.07%
Operating Margin
36.92%
-19.95%
-33.21%
Net Margin
59.22%
71.80%
-0.84%
EPS
3.16
63.73%
-27.19%
No Data Available
STNG Earnings Analysis
Scorpio Tankers Inc. Corporation (STNG.N) Earnings Conference Call
Positive
Q3 Financial Performance: In the third quarter, the company generated $166 million in adjusted EBITDA and $87.7 million in adjusted net income.
Daily Cash Generation: Our LR2s generate $18,000 in cash per day, and our MR fleet generates $8,000 per day.
Debt Reduction and Share Count: Since July, we have reduced our debt further by $115 million and significantly decreased our share count.
Cash Break-Even Reduction: We have also reduced our daily cash break-even costs to $12,500 per day, strategically positioning the company to generate more cash even at lower rates.
Shareholder Returns Update: Including share buybacks and dividends, we have returned $7.13 per share to shareholders in 2024 so far.
Negative
Decline in Financial Performance: The company generated $166 million in adjusted EBITDA and $87.7 million in adjusted net income, indicating a decline from previous quarters.
Seasonal Rate Dip Impact: Rates experienced a seasonal dip during the quarter, which may affect future earnings despite remaining above historical averages.
Debt Reduction Efforts: The company has reduced its debt by $115 million since July, but still faces significant financial obligations.
Cash Break-Even Cost Reduction: Daily cash break-even costs have been strategically reduced to $12,500 per day, indicating ongoing cost management challenges.
Vessel Sale Impact: The company expects to close the sale of three vessels in the fourth quarter, which may impact liquidity and operational capacity.
STNG FAQs
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STNG Earning Call Sentiment
Scorpio Tankers Inc. (STNG) Q3 2024 Earnings Call Transcript
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STNG.N
0.69%Positive
The earnings call summary and Q&A reveal a strong financial position with significant debt reduction, robust liquidity, and shareholder returns through dividends and buybacks. Despite competitive pressures and economic risks, the company shows optimism in demand growth and cash flow potential. Analysts seem positive about long-term prospects, and management's strategic moves are well-received. Given the market cap, the stock price is likely to react positively, but not strongly, due to mixed signals about market volatility and competition.