Scorpio Tankers First Quarter 2024 Earnings: EPS: US$4.29 (vs US$3.40 in 1Q 2023)

Scorpio Tankers (NYSE:STNG) First Quarter 2024 Results

Key Financial Results

• Revenue: US$391.3m (up 1.8% from 1Q 2023).
• Net income: US$214.2m (up 11% from 1Q 2023).
• Profit margin: 55% (up from 50% in 1Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$4.29 (up from US$3.40 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Scorpio Tankers Earnings Insights

Looking ahead, revenue is expected to decline by 5.0% 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 2.2%.

Performance of the American Oil and Gas industry.

The company's shares are up 7.3% from a week ago.

Risk Analysis

Be aware that Scorpio Tankers is showing 2 warning signs in our investment analysis and 1 of those is a bit unpleasant...

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