Financial Performance - For Q4 2023, Scorpio Tankers reported a net income of $120.9 million, translating to $2.43 basic and $2.34 diluted earnings per share[2]. - Adjusted net income for Q4 2023 was $142.2 million, or $2.85 basic and $2.75 diluted earnings per share, after excluding certain costs[3]. - For the full year 2023, the company achieved a net income of $546.9 million, or $10.44 basic and $10.03 diluted earnings per share[6]. - The adjusted net income for the year 2023 was $570.3 million, or $10.89 basic and $10.46 diluted earnings per share[7]. - The company recorded a net income of $546.9 million for the year ended December 31, 2023, compared to $637.3 million in 2022[33]. - Net income for the year ended December 31, 2023, was $546,898 thousand, a decrease of 14.2% compared to $637,251 thousand in 2022[37]. - Basic earnings per share for Q4 2023 were $2.43, down from $4.74 in Q4 2022[33]. - Adjusted EBITDA for the year ended December 31, 2023, was $959,349 thousand, down 11.2% from $1,080,691 thousand in 2022[39]. Revenue and Earnings - TCE revenue for Q4 2023 was $334.1 million, down $126.2 million (27.4%) from $460.3 million in Q4 2022, with average daily TCE revenue decreasing to $32,949 from $45,679[30]. - The average daily TCE (Time Charter Equivalent) per revenue day for the fleet was $32,711 in 2023, a decrease of 6.3% from $34,878 in 2022[39]. - The company reported a revenue of $70 billion for Q2 2020, marking a 10% increase year-over-year[8]. - The company provided guidance for Q3 2020, expecting revenue between $72 billion and $75 billion, indicating a potential growth of 3% to 7%[6]. Dividends - The board declared a quarterly cash dividend of $0.40 per common share, with a payment date set for March 27, 2024[10]. - The company paid dividends of $0.10 per share quarterly in 2022, increasing to $0.25 per share in June 2023 and $0.35 per share in December 2023[46]. Debt and Financial Management - The company plans to exercise purchase options on multiple vessels, resulting in a total debt reduction of approximately $209.1 million[12]. - Scorpio Tankers made unscheduled debt and lease repayments totaling $497.1 million in Q4 2023 and an additional $171.1 million from January 1 to February 13, 2024[12]. - As of December 31, 2023, the company's gross debt outstanding was $1.618 billion, with net debt at $1.263 billion[23]. - The company drew down $324.6 million from the 2023 $1.0 billion credit facility in November and December 2023, with 13 vessels placed as collateral[24]. - Estimated future principal repayments from January 1, 2024, to December 31, 2026, total $1.618 billion, including $171.1 million due in Q1 2024[26]. - The company expects to make total unscheduled repayments of $171.1 million in 2024[21]. - Financial expenses for the year increased to $183,231,000 from $169,795,000, reflecting an 8% rise[56]. Operational Costs - Vessel operating costs decreased by $2.2 million to $83.9 million in Q4 2023, with costs per vessel per day slightly down to $8,181 from $8,289 in Q4 2022[30]. - The company incurred $6.0 million in aggregate costs for drydock and ballast water treatment in Q4 2023, with estimated costs of $11.3 million in Q1 2024[27]. - Depreciation expense for owned or sale leaseback vessels increased by $7.1 million to $48.6 million in Q4 2023, attributed to the purchase of 21 lease-financed vessels[30]. - General and administrative expenses rose by $5.7 million to $32.1 million in Q4 2023, primarily due to a one-time non-cash charge of $8.4 million related to stock amortization[31]. Fleet and Operations - The company operates a fleet of 42 vessels, primarily Handymax and MR types, with deadweight tonnage (DWT) ranging from 38,734 to 49,990[43]. - The average age of the fleet is approximately 8 years, suggesting a modern and efficient operational capability[43]. - The average number of vessels operated was 111.5 in Q4 2023, compared to 113.0 in Q4 2022[30]. - The company has a total of 30 MR vessels equipped with scrubbers, enhancing their environmental compliance and operational efficiency[43]. - The company has a diverse fleet with 10 vessels under time charter agreements, potentially reducing market risk[43]. Market and Strategic Outlook - The company is exploring opportunities for market expansion and potential acquisitions to enhance its competitive position[43]. - Future growth strategies may include investments in new technologies and vessel upgrades to meet evolving industry standards[43]. - The ongoing military conflict in Ukraine has led to significant volatility in oil prices, impacting the company's operations[48]. - The company anticipates potential risks related to economic performance and market conditions, including fluctuations in charter rates and vessel values[60].

Scorpio Tankers Inc. (NYSE:STNG) Q4 2023 Earnings Conference Call February 14, 2024 9:00 AM ET Corporate 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 Conference Call Participants Jon Chappell - Evercore Omar Nokta - Jefferies Greg Lewis - BTIG Sam Bland - JPMorgan Ken Hoexter - Bank of America Frode Morkedal - Clarksons Securities ...

$14.5 $16.3 $15.9 $36.1 $34.9 $41.8 $48.2 $41.1 $46.2 $52.0 $39.8 $52.1 $43.3 $33.5 $38.3 $39.5 $28.6 $26.8 $29.9 $28.6 $22.9 $36.5 $31.2 $30.4 LR2 MR HM ($USD millions) $1,328 $959 $570 $339 $490 $58 TCE Revenue Adj EBITDA Adj Net income Debt Reduction Share Repurchases Dividends $50.27/share Debt Repayment from December 31, 2022, through March 31, 2024 Outstanding Indebtedness by Type 16 Significant Operating Leverage & Earnings Potential $378 $779 $1,181 $1,582 $1,984 $7.1/Share $14.7/Share $22.2/Share $ ...

Call Start: 09:00 January 1, 0000 10:00 AM ET Scorpio Tankers Inc. (NYSE:STNG) Q3 2023 Earnings Conference Call November 9, 2023 09:00 ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Sean Hager - Head of U.S. Chartering Cameron Mackey - Chief Operating Officer Chris Abella - Chief Financial Officer Conference Call Participants John Chappell - Evercore Omar Nokta - Jefferies Ken Hoexter - Bank of Ameri ...

Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2023, an Increase to its Quarterly Dividend, and Replenishment of its 2023 Securities Repurchase Program Exhibit 99.1 For the nine months ended September 30, 2022, the Company had net income of $372.8 million, or $6.74 basic and $6.07 diluted earnings per share. MONACO--(GLOBE NEWSWIRE - November 9, 2023) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three and nine months e ...

Scorpio Tankers Inc. (NYSE:STNG) Q2 2023 Earnings Conference Call August 2, 2023 8:30 AM ET Company Participants James Doyle - Head of Corporate Development & Investor Relations Emanuele Lauro - Chief Executive Officer Robert Bugbee - President Brian Lee - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies John Chappell - Evercore Nathan Ho - Bank of America Samuel Bland - JP Morgan Frode Morkedal - Clarkson Securities Sherri Elmaghrabi - BTIG Liam Burke - B. Riley FBR Christopher R ...

Exhibit 99.1 On May 1, 2023, the Board of Directors declared a quarterly cash dividend of $0.25 per common share, with a payment date of June 30, 2023 to all shareholders of record as of June 13, 2023 (the record date). As of May 1, 2023, there were 59,455,820 common shares of the Company outstanding. Transition to a New CFO in September 2023 The Company announced that Brian Lee, the Chief Financial Officer, will be stepping down at the end of September 2023 and will be replaced by Christopher Avella. Mr. L ...

Scorpio Tankers Inc. (NYSE:STNG) Q1 2023 Results Conference Call May 2, 2023 8:00 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 John Chappell - Evercore Omar Nokta - Jefferies Samuel Bland - JP Morgan Kenneth Hoexter - Bank of America Frode Morkeda ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ¨ SHELL COMPANY REPOR ...

Exhibit 99.1 Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2022 and an Increase to its Quarterly Dividend MONACO--(GLOBE NEWSWIRE - February 16, 2023) - Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") today reported its results for the three months and year ended December 31, 2022. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on the Company's common stock. Results for the three months ende ...