Debt Management And Financial FlexibilityThe company reduced its outstanding debt by $399 million, lowering its cash breakeven TCE to $12,500 per day, which strengthens its financial position.
Market Position And Growth PotentialScorpio is well positioned for a global recovery in refined crude oil consumption with an attractive asset base in an improving market environment.
Share Repurchase And Shareholder ValueScorpio Tankers repurchased approximately 3.4 million shares at an average price of $73.34, demonstrating strong management action in enhancing shareholder value.