Scorpio Tankers Posts $151.6M Q4 EBITDA as Price Targets Climb
Scorpio Tankers Q4 time charter revenue reached $241.4 million and EBITDA hit $151.6 million, with average daily TCE at $28,066, all topping estimates. B. Riley raised its price target to $90 (Buy) and BofA lifted its to $61 (Underperform), citing tanker rates despite rising capacity and peak-rate risks.
1. Q4 Financial Results
Scorpio Tankers reported fourth-quarter time charter equivalent revenue of $241.4 million and adjusted EBITDA of $151.6 million, with average daily TCE per vessel at $28,066, all exceeding consensus forecasts.
2. Analyst Price Target Revisions
B. Riley increased its price target from $80 to $90 while maintaining a Buy rating, and BofA raised its target from $56 to $61 with an Underperform rating, highlighting strong near-term product tanker rates against the backdrop of rising fleet capacity and potential peak-rate pressures.
3. Geopolitical Risk to Shipping
Iran’s threat to close the Strait of Hormuz could disrupt Middle East crude and refined product shipments, potentially lifting tanker rates if key shipping lanes are constrained but also injecting volatility into freight markets.