Scorpio Tankers Inc

Latest Results (20.05.2026):

Scorpio Tankers Inc Q1 2026: The company reported strong first-quarter 2026 results driven by high product-tanker markets and active balance-sheet actions — reporting adjusted EBITDA of $214.1 million and adjusted net income of $150.9 million (basic EPS $3.20; diluted EPS $3.02), while returning capital to shareholders and strengthening liquidity and financing terms.

Earnings

Scorpio Tankers Inc reported Q1 2026 adjusted EBITDA of $214.1 million and adjusted net income of $150.9 million, equivalent to basic earnings per share of $3.20 and diluted earnings per share of $3.02.

Dividend

The Board declared a quarterly dividend of $0.45 per share to be paid in June 2026.

Share Repurchase Program

In April 2026 the company repurchased 1,344,809 shares for $100 million at an average price of $74.36 per share; in May 2026 the Board replenished and increased the repurchase authorization to up to $500 million.

Debt & Financing

In April 2026 Scorpio issued $375.0 million of convertible senior notes due 2031 with a 1.75% coupon. The company also received a Bank of America commitment for a $50.0 million facility to refinance two 2015-built LR2s (seven-year maturity, SOFR + 1.20%).

Asset Sales & Fleet Deployment

From March 2026 through May 5, 2026, Scorpio entered agreements to sell 11 vessels for approximately $500 million. The company also commenced time-charter-out contracts on two LR2s — STI Lombard (5 years at $33,000/day) and STI Rambla (8 years at $30,500/day).

Liquidity & Maturity Profile

The presentation emphasized strong pro forma liquidity and limited newbuilding commitments, noting no material debt maturities until 2028 and a focus on deleveraging and lower average lending margins.

Operating Leverage

Management highlighted a low estimated cash breakeven (around $11,000/day) and significant earnings upside from current TCE levels given the company’s operating leverage and fleet size (presentation basis: 79 vessels, excluding those held for sale).