Scorpio Tankers will announce Q4 2024 earnings on February 13, 2025, hosting a conference call at 9 AM EST.
Quiver AI Summary
Scorpio Tankers Inc. announced that it will release its fourth quarter 2024 earnings on February 13, 2025, and hold a conference call at 9:00 AM Eastern Standard Time. The earnings press release will be available on the company's website, and participants can join the call via a webcast link or by telephone. Scorpio Tankers operates a fleet of 99 product tankers and emphasizes that the information shared during the conference will be accurate only at the time of the call. The company also provided a caution regarding forward-looking statements, highlighting the uncertainties involved in predicting business performance. For more information, interested parties can contact the company's investor relations department.
Potential Positives
- Scorpio Tankers will announce its fourth quarter 2024 earnings, providing investors and stakeholders with important financial updates.
- The scheduled conference call offers an opportunity for direct engagement between the company and investors, enhancing transparency.
- The company has a significant fleet of 99 product tankers, which indicates a strong position in the marine transportation market.
Potential Negatives
- The press release emphasizes a number of substantial risk factors, including economic uncertainties and the impact of geopolitical events, which could signal potential challenges ahead for the company's performance.
- The forward-looking statements include numerous assumptions that are inherently uncertain and beyond the company's control, raising concerns about the reliability of the company's projections.
- The statement that the company undertakes no obligation to update or revise forward-looking statements may lead to transparency issues with stakeholders concerned about future performance.
FAQ
When is Scorpio Tankers' fourth quarter 2024 earnings press release scheduled?
Scorpio Tankers plans to issue its fourth quarter 2024 earnings press release on February 13, 2025.
What time will the conference call for earnings be held?
The conference call will be held at 9:00 AM Eastern Standard Time on February 13, 2025.
How can I participate in the Scorpio Tankers conference call?
Participants can join via the Scorpio Tankers website or by dialing the provided US/Canada or international phone numbers.
Where can I find the live webcast for the conference call?
The live webcast for the earnings conference call will be available on the Scorpio Tankers website at www.scorpiotankers.com.
What products does Scorpio Tankers provide transportation for?
Scorpio Tankers is a provider of marine transportation for petroleum products worldwide, operating various types of product tankers.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$STNG Hedge Fund Activity
We have seen 145 institutional investors add shares of $STNG stock to their portfolio, and 168 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MOUNTAINEER PARTNERS MANAGEMENT, LLC added 8,252,691 shares (+6926.8%) to their portfolio in Q3 2024, for an estimated $588,416,868
- VANGUARD GROUP INC added 627,366 shares (+44.0%) to their portfolio in Q3 2024, for an estimated $44,731,195
- COOPER CREEK PARTNERS MANAGEMENT LLC added 457,373 shares (+inf%) to their portfolio in Q3 2024, for an estimated $32,610,694
- FMR LLC removed 426,954 shares (-37.4%) from their portfolio in Q3 2024, for an estimated $30,441,820
- CITADEL ADVISORS LLC removed 335,344 shares (-99.2%) from their portfolio in Q3 2024, for an estimated $23,910,027
- VICTORY CAPITAL MANAGEMENT INC removed 318,430 shares (-85.9%) from their portfolio in Q3 2024, for an estimated $22,704,059
- PALE FIRE CAPITAL SE removed 313,222 shares (-87.4%) from their portfolio in Q3 2024, for an estimated $22,332,728
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MONACO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG ) ("Scorpio Tankers," or the "Company") announced today that on Thursday, February 13, 2025, the Company plans to issue its fourth quarter 2024 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time.
Conference Call Information
Title: Scorpio Tankers Inc. Fourth Quarter 2024 Conference Call
Date: Thursday, February 13, 2025
Time: 9:00 AM Eastern Standard Time and 3:00 PM Central European Time.
The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the webcast link:
https://edge.media-server.com/mmc/p/n6697oy4
Participants for the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.
The conference will also be available telephonically:
US/CANADA Dial-In Number: 1-833-636-1321
International Dial-In Number: 1-412-902-4260
Please ask to join the Scorpio Tankers Inc. call.
Participants should dial into the call 10 minutes before the scheduled time.
The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 8.9 years. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.
Forward-Looking Statements
Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements.
The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies in response to epidemic and other public health concerns including any effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including the impact of the conflict in Ukraine and the developments in the Middle East, including the armed conflict in Israel and Gaza, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties.
Contact Information
Scorpio Tankers Inc.
James Doyle – Head of Corporate Development & Investor Relations
Tel: +1 203-900-0559
Email:
[email protected]