Scorpio Tankers Non-GAAP EPS of $4.29 beats by $0.25, revenue of $489.99M beats by $57.59M

• Scorpio Tankers press release (NYSE:STNG): Q3 Non-GAAP EPS of $4.29 beats by $0.25.
• Revenue of $489.99M (+310.8% Y/Y) beats by $57.59M.
• During the third and fourth quarters of 2022, the Company entered into time charter-out agreements on five vessels (four LR2s and one MR).
• During the third quarter of 2022, the Company repurchased an aggregate of 2,241,881 of its common shares at an average price of $37.87 per share.
• TCE revenue for the three months ended September 30, 2022 increased by $337.7 million to $456.3 million, from $118.6 million for the three months ended September 30, 2021.
• Overall average TCE revenue per day increased to $44,222 per day during the three months ended September 30, 2022, from $10,139 per day during the three months ended September 30, 2021.
• The average number of vessels was 113.5 during the three months ended September 30, 2022 as compared to 131.0 during the three months ended September 30, 2021.