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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 (STNG) reported preliminary third quarter 2026 average daily TCE rates and new time charter-out agreements for three product tankers.
As of this update, LR2 vessels in the pool and spot market are averaging TCE revenue of $64,900 per day over 1,249 expected revenue days with 85% coverage, while MR and Handymax vessels earn $30,000 and $25,500 per day, respectively. The company has fixed three-year time charters for LR2 vessels STI Gladiator and STI Jermyn at $40,188 and $42,500 per day starting September 2026, and for MR vessel STI Pontiac at $23,900 per day from the fourth quarter of 2026. Scorpio Tankers estimates fully diluted weighted average shares outstanding for the quarter ended September 30, 2026, to be between 54.5 million and 55.5 million, reflecting the potential dilutive impact of its 1.75% Convertible Senior Notes due 2031 and restricted shares.
Scorpio Tankers (NYSE: STNG) reported strong results for Q2 2026, with net income of $387.5 million (basic EPS $8.47) versus $73.5 million a year earlier. Adjusted net income was $243.7 million (basic EPS $5.33), excluding vessel sale gains, financing items and transaction costs.
For the first half of 2026, net income was $603.8 million and adjusted net income $394.6 million. The board declared a quarterly dividend of $0.45 per share, payable August 31, 2026 to shareholders of record on August 17, 2026. As of July 28, 2026, the company had $2.0 billion in unrestricted cash and cash equivalents and $483.2 million of undrawn revolver capacity. During Q2 2026, Scorpio Tankers issued $605 million of 1.75% convertible senior notes due 2031, redeemed $200 million of 7.5% senior unsecured notes, made $389.1 million of unscheduled debt prepayments, repurchased nearly 2.0 million shares, sold multiple vessels, and committed to additional newbuilding investments and a VLCC joint venture.
Scorpio Tankers (NYSE: STNG) plans to release its second quarter 2026 earnings on Thursday, July 30, 2026, in the morning Eastern Daylight Time. The company will host a conference call that day at 8:00 AM EDT / 2:00 PM CEST, accessible via webcast on its website and through US/Canada and international dial-in numbers.
Scorpio Tankers (NYSE:STNG) plans to redeem its 7.5% Senior Unsecured Notes due 2030 and has received a commitment for a new credit facility.
The company will redeem $200 million of notes at 106.4% of par and arrange up to $90 million of vessel financing.
Scorpio Tankers (NYSE:STNG) provided an update on its second quarter 2026 TCE rates and share count.
As of June 18, 2026, average daily TCE revenue is $80,000 for LR2, $53,000 for MR, and $54,000 for Handymax vessels in the pool and spot market, with coverage between 80%–90%. MR bareboat TCE averages $12,986. The company estimates 53–54 million fully diluted weighted average shares outstanding for Q2 2026, reflecting the potential impact of its 1.75% Convertible Senior Notes due 2031 and equity awards.
Scorpio Tankers (NYSE: STNG) agreed to sell four LR2 product tankers for $285.8 million, with closing expected in Q2 or Q3 2026. The company signed a letter of intent to buy two scrubber-fitted MR newbuildings at $46.25 million each, for delivery in Q1 2030.
Scorpio Tankers plans unscheduled prepayments totaling $367.8 million on secured credit facilities maturing in 2028 and intends to cancel undrawn revolver capacity, leading to termination of these facilities in Q2 2026.
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.