Market Overview

Scorpio Tankers: Q1 Earnings Insights

Share:

Shares of Scorpio Tankers (NYSE:STNG) rose 4.7% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 173.33% over the past year to $0.82, which beat the estimate of $0.49.

Revenue of $254,167,000 up by 29.79% from the same period last year, which beat the estimate of $237,720,000.

Guidance

Scorpio Tankers hasn't issued any earnings guidance for the time being.

Scorpio Tankers hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: May 06, 2020

Time: 11:00 PM ET

Webcast URL: https://edge.media-server.com/mmc/p/ato2kzkb

Technicals

Company's 52-week high was at $40.45

52-week low: $12.35

Price action over last quarter: Up 1.28%

Company Description

Scorpio Tankers Inc is a shipping company based in the Republic of the Marshall Islands. The company is engaged in providing the seaborne transportation of refined petroleum products. It serves its end users in the petroleum supply chain by distributing products like gasoline, heating oil, and fuel oil from refineries. The company manages its business activities in four segments namely LR1, Handymax, LR2, and MR. It generates a vast majority of its revenue from the MR segment.

 

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Posted-In: Earnings News