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Scorpio Tankers Inc. reports recurring developments tied to its marine transportation business, including operating results, fleet economics and capital-structure updates for a product-tanker platform that owns, lease-finances or charters vessels in the Handymax, MR and LR2 segments.
Company updates also include shareholder voting matters, governance actions and security-structure disclosures, including annual meeting items and common-share matters. The recurring themes connect tanker market performance, vessel utilization, financing and shareholder approvals to the company's operating-company status.
Scorpio Tankers (NYSE: STNG) closed a $230 million private offering of additional 1.75% convertible senior notes due 2031, priced at 110.25% of par, generating about $253.6 million in gross proceeds and $248.8 million in net proceeds.
The notes share terms with existing 2031 convertibles, carry a 1.75% coupon, mature April 15, 2031, and are initially convertible at 9.9615 shares per $1,000 (about $100.39 per share). Scorpio Tankers used roughly $55 million to repurchase 649,427 shares at $84.69, with remaining funds for general corporate purposes.
Scorpio Tankers (NYSE: STNG) priced a private reopening of its 1.75% convertible senior notes due 2031, selling $200.0 million of additional notes at 110.25% of par, producing gross proceeds of $220.5 million and combined yield ~1.0%. The offering includes a $30.0 million purchaser option and is expected to close May 12, 2026. Concurrently, the company agreed to repurchase 649,427 shares at $84.69 per share (≈$55.0 million) from purchasers of the New Notes; net proceeds are estimated at $216.3 million (or $248.8 million if option exercised).
Scorpio Tankers (NYSE: STNG) proposes a private offering of $150.0 million additional 1.75% convertible senior notes due 2031, with an initial purchaser option for up to $22.5 million more. The company expects to use part of net proceeds to repurchase shares sold short concurrently at the pricing-date closing price.
The notes bear interest at 1.75%, mature April 15, 2031, and have an initial conversion rate of 9.9615 shares per $1,000 principal (≈ $100.39 per share).
Scorpio Tankers (NYSE: STNG) reported Q1 2026 net income of $216.3M (basic EPS $4.58; diluted $4.32) and adjusted net income of $150.9M (adjusted EPS $3.20 basic). The Board declared a quarterly cash dividend of $0.45 per share payable June 15, 2026, and replenished the share repurchase program to $500.0M. The company issued $375.0M of convertible notes due 2031, repurchased 1,344,809 shares at $74.36, closed multiple vessel sales and held $1.4B cash plus $711.8M undrawn revolver capacity as of May 1, 2026.
Scorpio Tankers (NYSE: STNG) secured a commitment from Bank of America for a credit facility of up to $50 million to finance two 2015-built LR2 product tankers, STI Rose and STI Alexis. The facility bears interest at SOFR + 1.20%, has a seven-year final maturity per vessel, and mirrors covenants in the company's existing facilities. The loan is subject to customary conditions precedent and definitive documentation, and is expected to close within Q2 2026.
Scorpio Tankers (NYSE: STNG) will release its first quarter 2026 results on Tuesday, May 5, 2026, in the morning EDT and will host a conference call at 9:00 AM Eastern Daylight Time (3:00 PM CEST). Webcast and telephonic participation details are provided for investors.
Live webcast available via the company website and a dial‑in option for US/Canada and international participants; registrants should join approximately 10 minutes early.
Scorpio Tankers (NYSE: STNG) agreed to sell six vessels for $300.0 million in aggregate, comprising three 2014 LR2 product tankers for $195.0 million and three 2014 MR product tankers for $105.0 million.
The sales are expected to close within Q2 2026. There is no debt on STI Park and STI Sloane; STI Madison had $10.7 million outstanding on the 2023 $225.0 million revolving credit facility. The three MR vessels had an aggregate $21.3 million outstanding, which was repaid in April 2026.
Scorpio Tankers (NYSE: STNG) closed a $375.0 million private offering of convertible senior notes due 2031, including full exercise of a $50.0 million option, and repurchased 1,344,809 shares at $74.36 each.
Notes bear 1.75% interest, mature April 15, 2031, and have an initial conversion price of about $100.39 per share; net proceeds were approximately $363.3 million, with ~$100.0 million used for the buyback.
Scorpio Tankers (NYSE: STNG) priced a private offering of $325 million aggregate principal amount of 1.75% convertible senior notes due 2031, increased from $300 million, with an initial purchaser option for an additional $50 million.
The company will concurrently repurchase ~1.34 million shares at $74.36 per share and expects net proceeds of approximately $314.7 million (or ~$363.3 million if option exercised). Interest is payable semiannually; initial conversion rate equals 9.9615 shares per $1,000 principal (conversion price ~$100.39).
Scorpio Tankers (NYSE: STNG) intends to offer $300,000,000 aggregate principal amount of convertible senior notes due April 15, 2031, with an initial purchaser option for an additional $45,000,000.
The company expects to use part of the net proceeds to repurchase shares concurrently, including shares sold short by initial investors at the closing price on the pricing date. Interest rate, conversion rate and final terms will be set at pricing; conversions may settle in cash, shares, or both.