Scorpio Tankers Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

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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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.