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Scorpio Tankers Inc - STNG STOCK NEWS

Welcome to our dedicated news page for Scorpio Tankers (Ticker: STNG), a resource for investors and traders seeking the latest updates and insights on Scorpio Tankers.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Scorpio Tankers's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Scorpio Tankers's position in the market.

Rhea-AI Summary
Scorpio Tankers Inc. plans to release its first quarter 2024 earnings on May 9, 2024, and host a conference call to discuss the results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.54%
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-
Rhea-AI Summary
Scorpio Tankers Inc. announced the filing of its Annual Report on Form 20-F for the year ended December 31, 2023. Shareholders can access the report on the Company's website or request a hard copy for free. The report includes the Company's complete 2023 audited financial statements.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.72%
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none
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Rhea-AI Summary
Scorpio Tankers Inc. announced the sale of two 2013 built MR product tankers for $36.15 million each, with no debt repayments. The vessels are unencumbered, and the sales are set to close in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.45%
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none
Rhea-AI Summary
Scorpio Tankers Inc. (STNG) has signed a non-binding Memorandum of Understanding with Fowe Eco Solutions Ltd. to install fuel emulsion systems across its fleet. The agreement is expected to reduce fuel costs by at least 3% and carbon emissions by 100,000 tons annually, with no upfront costs. The FOWE system has shown potential fuel savings of up to 6.3% for boilers and 8.7% for marine four-stroke engines, offering financial and environmental benefits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.76%
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none
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Rhea-AI Summary
Scorpio Tankers Inc. President, Robert Bugbee, purchases call options worth $7.0 million for 555,600 common shares with a strike price of $60.00 and expiration in September 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.22%
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none
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Rhea-AI Summary
Scorpio Tankers Inc. reported strong financial results for Q4 2023, with net income of $120.9 million and a declared dividend of $0.40 per share. The company had adjusted net income of $142.2 million, showing growth from the previous year. Recent events include exercising purchase options on vessels and debt reductions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.75%
Tags
dividends earnings
Rhea-AI Summary
Scorpio Tankers Inc. (STNG) has announced the issuance of its fourth-quarter 2023 earnings press release on February 14, 2024, along with a conference call at 9:00 AM EST and 3:00 PM CET. The conference call will be accessible through the company's website and a webcast link, as well as via telephonic means. Participants are advised to register for the webcast and dial in 10 minutes before the scheduled time.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.22%
Tags
-
Rhea-AI Summary
Scorpio Tankers Inc. (NYSE:STNG) has announced the sale of an MR product tanker, STI Tribeca, for $39.1 million and the exercise of purchase options on five ships, resulting in a debt reduction of $61.1 million. The sale is expected to close in Q1 2024, and the purchases are expected to occur in the first half of 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.75%
Tags
none
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Rhea-AI Summary
Scorpio Tankers Inc. (NYSE:STNG) announces updates on their fourth quarter of 2023 Daily TCE Revenues and recent debt and lease activity. The estimated average daily Time Charter Equivalent ('TCE') revenue and duration of contracted voyages and time charters for the Company’s vessels in the fourth quarter of 2023 are outlined. Additionally, the Company has committed to repaying the debt or lease financing obligations on 13 vessels, reflecting their commitment to lowering leverage and borrowing costs. The Company's outstanding indebtedness and net debt are also summarized.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.03%
Tags
Rhea-AI Summary
Scorpio Tankers Inc. (NYSE: STNG) reported net income of $100.4 million for Q3 2023, with a quarterly cash dividend of $0.35 per share declared. The company also announced significant debt repayments and lease financing transactions. The average daily TCE revenue for the company's vessels in Q3 2023 is detailed, along with the replenishment of the 2023 Securities Repurchase Program.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.09%
Tags
buyback dividends earnings
Scorpio Tankers Inc

NYSE:STNG

STNG Rankings

STNG Stock Data

3.77B
42.13M
13.19%
59.18%
3.91%
Deep Sea Freight Transportation
Transportation and Warehousing
Link
Monaco
9 Boulevard Charles Iii

About STNG

scorpio tankers inc. (nyse: stng) is a leading international provider in the transportation of refined petroleum products.