How did STNG's revenue and expenses shift in Q4 2024?

Scorpio Tankers (STNG) experienced a significant shift in its revenue and expense structure in Q4 2024, primarily driven by changes in its business segments and operating expenses. Here's a detailed analysis: 1. **Revenue Shift**: - **Vessel Operations**: The Vessel segment contributed the most to STNG's revenue, with $203.97 million in total revenue. This was a result of increased activity in the tanker market, which benefited Scorpio Tankers' core business. - **LR2 and MR Vessels**: The LR2 and MR segments also contributed significantly, with $571.42 million and $551.99 million in revenue, respectively. These vessels operate in the medium-range segment, which has seen increased demand due to the global supply chain disruptions and the need for alternative trade routes. - **Time Charter-Out Revenue**: The Time Charter-Out segment generated $153.88 million in revenue, reflecting the company's ability to generate income through time charters of its vessels to third parties. - **Handymax Vessel**: The Handymax segment contributed $213.98 million in revenue, which is relatively smaller compared to the other segments but still a notable contributor to the overall revenue. 2. **Expense Analysis**: - The data does not provide a detailed breakdown of operating expenses by segment. However, it is important to note that operating expenses are a significant factor in determining the net income of the company. - Scorpio Tankers' net income for Q4 2024 was $68.56 million. This indicates that despite the revenue growth, the company had to manage its expenses effectively to maintain profitability. 3. **Conclusion**: - In Q4 2024, Scorpio Tankers saw a substantial increase in revenue, primarily driven by its vessel operations and the various business segments it operates in. However, the company's ability to manage operating expenses efficiently is crucial in maintaining the high net income achieved during the quarter. |code|Ticker|Name|Date|Business Composition|Revenue By Business|market_code| |---|---|---|---|---|---|---| |STNG|STNG.N|Scorpio Tankers|20240101-2024|Vessel|1.243951E9|169| |STNG|STNG.N|Scorpio Tankers|20240101-2024|Vessel|1.039982E9|169| |STNG|STNG.N|Scorpio Tankers|20240101-2024|Vessel|7.71996E8|169| |STNG|STNG.N|Scorpio Tankers|20240101-2024|Vessel|3.91336E8|169| |STNG|STNG.N|Scorpio Tankers|20240101-2024|Vessel|3.91336E8|169| |code|Ticker|Name|Date|Net Income YoY|Net Income|market_code| |---|---|---|---|---|---|---| |STNG|STNG.N|Scorpio Tankers|2024 Q1|10.843679005573467|2.14191E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q2|71.68870795978944|2.27321E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q3|58.12310696636378|1.58705E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q4|-43.28976755728348|6.8557E7|169| |code|Ticker|Name|Date|Total Revenue YoY|Total Revenue|market_code| |---|---|---|---|---|---|---| |STNG|STNG.N|Scorpio Tankers|2024 Q1|1.7961610796215708|3.91336E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q2|15.597071354604783|3.8066E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q3|-7.965203534595558|2.67986E8|169| |STNG|STNG.N|Scorpio Tankers|2024 Q4|-39.35143750018584|2.03969E8|169|