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Thursday, November 16, 2017

Scorpio Tankers (STNG) reported earnings on Thur 16 Nov 17 (b/o)

** charts before earnings **


** charts after earnings **

Scorpio Tankers misses by $0.03, misses on revs 
  • Reports Q3 (Sep) loss of $0.15 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of ($0.12); revenues rose 7.8% year/year to $123.2 mln vs the $129.54 mln Capital IQ Consensus.
  • In November 2017, the Company extended the time charter-in agreement for an MR that is currently time chartered-in for an additional six months at $13,250 per day effective December 2017. The Company also has an option to extend the charter for an additional year at $14,500 per day. 


Scorpio Tankers Inc. (Scorpio Tankers) is engaged in the seaborne transportation of refined petroleum products in the international shipping markets. The Company operates through four segments: Handymax, MR, LR1/Panamax and LR2. As of March 15, 2017, the Company's fleet consisted of 78 owned tankers (22 LR2, 14 Handymax and 42 MR) with a weighted average age of approximately 2.3 years, and 19 time or bareboat chartered-in tankers, which it operated (one LR2, one LR1, eight MR and nine Handymax) (collectively referred to as its Operating Fleet). As of March 1, 2017, the Company's total oil tanker fleet (crude, products and product/chemical tankers) consisted of 4,754 ships with a combined capacity of 525.9 million deadweight tonnage. As of December 31, 2016, the Company also had contracts for the construction of one LR2 tanker and eight MR tankers. Its vessels include STI Brixton, STI Comandante, STI Finchley, STI Hammersmith, STI Larvotto, STI San Antonio and STI Regina.

Key stats and ratios

Q2 (Jun '17)2016
Net profit margin-57.63%-4.76%
Operating margin-38.00%14.68%
EBITD margin-38.31%
Return on average assets-7.98%-0.74%
Return on average equity-19.98%-1.83%

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