The table below shows the preliminary results and recent trends for key metrics such as revenues and net income growth:
2016-09-30 2016-06-30 2016-03-31 2015-12-31 2015-09-30
Relevant Numbers (Quarterly)
Revenues (mil) 114.34 137.21 165.13 178.4 228.14
Revenue Growth (%YOY) -49.88 -27.19 2.75 41.88 175.23
Earnings (mil) -27.12 3.85 28.03 34.21 85.25
So basically STNG grew like a weed for 3 years, then in 2016 has had lower sales 4 Qs in a row and in last Q lost money for first time.
http://www.scorpiotankers.com/corporate-presentations the newest one on that list shows they have newest fleet in the world with best fuel economy and lowest polution. That older tankers are being scrapped by others.
Their fleet is about 2 years old! and huge. And they are building more. That means going forward they will be the low cost leader in terms of operating costs. So unless they go broke they will prosper going forward. Being banks just gave them more money JMHO they will not go broke. In 2010, 2011, 2013, 2014 and 2015 they traded over $10 a share during a portion of those years.
Revenue 12/31/2015 12/31/2014 12/31/2013
Total Revenue 755,711 342,807 207,580
Cost of Revenue 174,556 78,823 40,204
Gross Profit 581,155 263,984 167,376
In 2016 they have much more revenue that in either 2013 or 2014, when it traded over $10. We are at $3.58 now. A stock triple seems in order as this cycle low will come to an end like prior one did.
Recent STNG News
- Scorpio Tankers Inc. Announces That on May 9, 2024, the Company Plans to Issue Its First Quarter 2024 Results and Have a Conference Call • GlobeNewswire Inc. • 04/15/2024 08:30:36 PM
- Scorpio Tankers Inc. Announces Availability of 2023 Annual Report on Form 20-F • GlobeNewswire Inc. • 03/22/2024 08:50:10 PM
- Scorpio Tankers Inc. Announces Agreements to Sell Two MR Product Tankers • GlobeNewswire Inc. • 03/20/2024 05:00:00 AM
- REMINDER - Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum Monday, March 11, 2024 in New York City • GlobeNewswire Inc. • 03/06/2024 02:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 05:40:59 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/29/2024 04:48:34 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/23/2024 09:10:39 PM
- Scorpio Tankers Inc. Announces MOU Licensing FOWE Fuel-Saving Devices for Entire Fleet • GlobeNewswire Inc. • 02/22/2024 09:15:58 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/16/2024 09:30:59 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/16/2024 09:15:23 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/16/2024 09:12:42 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 05:54:29 PM
- Scorpio Tankers Inc. Announces Purchase of Call Options by the President of the Company • GlobeNewswire Inc. • 02/15/2024 09:15:33 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 02/14/2024 09:18:20 PM
- Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2023 and an Increase to its Quarterly Dividend • GlobeNewswire Inc. • 02/14/2024 11:44:19 AM
- Leading LNG, LPG, Crude & Product Tanker Shipping Companies Participating at Capital Link’s 18th Annual International Shipping Forum • GlobeNewswire Inc. • 02/13/2024 04:29:25 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/30/2024 09:16:09 PM
- Scorpio Tankers Inc. Announces that on February 14, 2024 the Company will Issue Fourth Quarter 2023 Results and have a Conference Call • GlobeNewswire Inc. • 01/29/2024 09:45:55 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/18/2024 04:58:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 01/16/2024 09:19:53 PM
- Scorpio Tankers Inc. Announces an Agreement to Sell an MR Product Tanker and the Exercise of Purchase Options on Five Ships • GlobeNewswire Inc. • 01/16/2024 11:29:17 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/12/2024 02:50:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/09/2024 07:00:34 PM
- Register for Capital Link’s 2024 Virtual Corporate Presentation Series • GlobeNewswire Inc. • 01/05/2024 04:12:33 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 12/22/2023 05:29:42 PM
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