Scorpio Tankers (NYSE:STNG) Full Year 2024 Results
Key Financial Results
- Revenue: US$1.24b (down 7.3% from FY 2023).
- Net income: US$668.8m (up 22% from FY 2023).
- Profit margin: 54% (up from 41% in FY 2023).
- EPS: US$13.78 (up from US$10.44 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Scorpio Tankers EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 3.7%.
The primary driver behind last 12 months revenue was the LR2 segment contributing a total revenue of US$571.4m (46% of total revenue). The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$185.3m (60% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$80.7m. Explore how STNG's revenue and expenses shape its earnings.
Looking ahead, revenue is expected to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in the US are expected to grow by 4.0%.
Performance of the American Oil and Gas industry.
The company's shares are down 1.6% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Scorpio Tankers you should be aware of, and 1 of them can't be ignored.
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