Scorpio Tankers Inc. to Announce First Quarter 2022 Results and Have a Conference Call on April 28, 2022

Rhea-AI Summary

Scorpio Tankers (NYSE: STNG) has announced a conference call to discuss its first quarter 2022 earnings, scheduled for April 28, 2022, at 11:00 AM EDT. The call will be accessible via the company’s website, with telephonic participation available for US/Canada and international callers. Scorpio Tankers operates a fleet of 124 product tankers, with recent agreements to sell eight vessels expected to close by Q3 2022. The press release emphasizes the company's ongoing commitment to transparent communication with stakeholders.

Positive

• Scheduled to announce Q1 2022 earnings on April 28, 2022.
• Hosting a conference call for investor engagement.
• Sales of eight vessels expected to close before the end of Q3 2022.

Negative

• None.

MONACO, April 20, 2022 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, April 28, 2022, the Company plans to issue its first quarter 2022 earnings press release in the morning (Eastern Daylight Time) and host a conference call at 11:00 AM Eastern Daylight Time and 5:00 PM Central European Summer Time.

Conference Call Details

Date: Thursday, April 28, 2022
Time: 11:00 AM Eastern Daylight Time and 5:00 PM Central European Summer Time

The conference call will be available over the internet, through the Scorpio Tankers Inc. website www.scorpiotankers.com and the webcast link: https://edge.media-server.com/mmc/p/u6omf566

Participants for the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

The conference will also be available telephonically:
US/CANADA Dial-In Number: 1 (855) 861-2416
International Dial-In Number: +1 (703) 736-7422
Conference ID: 3295797
Participants should dial into the call 10 minutes before the scheduled time.

The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information.

About Scorpio Tankers Inc.

Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns, finance leases or bareboat charters-in 124 product tankers (42 LR2 tankers, six LR1 tankers, 62 MR tankers and 14 Handymax tankers) with an average age of 6.2 years. The Company has recently agreed to sell six LR1 tankers, two LR2 tankers, and two MR tankers. These sales are expected to close before the end of the third quarter of 2022. Additional information about the Company is available at the Company's website www.scorpiotankers.com, which is not a part of this press release.

Forward-Looking Statements

Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements.

The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise. In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, the length and severity of the ongoing novel coronavirus (COVID-19) outbreak, including its effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.

Contact Information

Scorpio Tankers Inc.
(212) 542-1616

FAQ

When is Scorpio Tankers' Q1 2022 earnings call scheduled?

The earnings call is scheduled for April 28, 2022, at 11:00 AM EDT.

What is the purpose of the conference call announced by Scorpio Tankers?

The conference call is to discuss the company's first quarter 2022 earnings.

How can investors participate in the Scorpio Tankers conference call?

Investors can participate through the company's website or by dialing the provided US/Canada and international numbers.

What recent sales has Scorpio Tankers announced?

Scorpio Tankers has agreed to sell eight vessels, which are expected to close before the end of Q3 2022.