Scorpio Tankers Stock Price, News & Analysis

Scorpio Tankers (NYSE:STNG) has announced a significant time charter-out agreement for its 2014-built LR2 product tanker, STI Orchard, securing a five-year contract at $28,350 per day starting Q3 2025.

The company also provided Q3 2025 TCE rate updates across its fleet segments: LR2 vessels are achieving $32,700 per day in the pool/spot market and $31,500 for time charters, MR tankers are earning $23,500 and $22,500 respectively, while Handymax vessels are securing $20,500 and $23,000 per day. The company maintains high fleet utilization with 86% of LR2, 85% of MR, and 67% of Handymax expected revenue days in pool and spot markets.

Scorpio Tankers (NYSE:STNG) reported Q2 2025 financial results with net income of $73.5 million ($1.59 basic EPS), down from $227.3 million in Q2 2024. The company declared a quarterly dividend of $0.40 per share, payable August 29, 2025.

Key Q2 2025 operational metrics include average daily TCE revenue of $33,185 for LR2 vessels, $20,421 for MR vessels, and $22,698 for Handymax vessels. The company maintains strong liquidity with $472.7 million in unrestricted cash and $833.7 million in undrawn revolver capacity.

Notable developments include a new bareboat charter agreement for MR tanker STI Bosphorus, purchase options exercised on three vessels, and strategic time charter extensions for three LR2 vessels at $31,000 per day.

Scorpio Tankers (NYSE:STNG) has scheduled its second quarter 2025 earnings release and conference call for July 30, 2025. The company will release its Q2 2025 earnings in the morning (EDT) and host a conference call at 9:00 AM EDT / 3:00 PM CEST.

Investors can access the conference call through Scorpio Tankers' website or via telephone. For the webcast, participants should register approximately 10 minutes before the start time. The call will be accessible through US/Canada dial-in (1-833-636-1321) and international dial-in (+1-412-902-4260).

Scorpio Tankers (NYSE: STNG) reported its Q1 2025 financial results, with net income of $58.2 million ($1.26 basic EPS), down from $214.2 million in Q1 2024. The company declared a quarterly cash dividend of $0.40 per share, payable on June 16, 2025. The company's fleet performance showed average daily TCE revenue of $34,000 for LR2 vessels, $21,000 for MR vessels, and $23,000 for Handymax vessels in the spot market.

Key financial highlights include strong liquidity with $397.0 million in unrestricted cash and $838.2 million in undrawn revolver capacity. The company executed several financing initiatives, including a new $500.0 million revolving credit facility and placement of $200.0 million in senior unsecured bonds due 2030. Total gross debt outstanding as of April 30, 2025, was $932.4 million.

Scorpio Tankers (NYSE: STNG) has scheduled its First Quarter 2025 earnings release for Thursday, May 1, 2025. The company will publish its Q1 2025 results in the morning (Eastern Daylight Time) and host a conference call at 9:00 AM EDT / 3:00 PM CEST.

Investors can access the conference call through the company's website www.scorpiotankers.com or via telephone. For US/Canada participants, the dial-in number is 1-888-596-4144, while international callers can use +1-646-968-2525. Participants are advised to register 10 minutes before the webcast begins.

Scorpio Tankers (NYSE: STNG) has announced the availability of its 2024 Annual Report on Form 20-F, which has been filed with the Securities and Exchange Commission. The report, containing the company's complete 2024 audited financial statements, can be accessed through:

• The company's website (www.scorpiotankers.com) under Investors section
• The SEC website (www.sec.gov)

Shareholders can request a free hard copy by contacting Investor Relations at the company's Greenwich, CT office.

Scorpio Tankers (NYSE: STNG) reported its Q4 2024 financial results and declared a quarterly cash dividend of $0.40 per share. The company posted net income of $68.6 million ($1.48 basic EPS) for Q4 2024, compared to $120.9 million in Q4 2023. Adjusted net income for Q4 2024 was $30.3 million.

For the full year 2024, STNG recorded net income of $668.8 million ($13.78 basic EPS), with adjusted net income of $512.9 million. The company completed several vessel sales in Q4 2024, including two MR product tankers for $42.5 million each and one LR2 product tanker for $73.5 million.

Notable developments include placing $200 million in senior unsecured bonds due 2030, executing a new $500 million revolving credit facility, and increasing ownership in DHT Holdings to approximately 7%. The company maintains strong liquidity with $530.5 million in unrestricted cash and $788.2 million in undrawn revolver capacity as of February 11, 2025.

Scorpio Tankers (NYSE:STNG) has scheduled its fourth quarter 2024 earnings release for Thursday, February 13, 2025. The company will issue the results in the morning Eastern Standard Time, followed by a conference call at 9:00 AM EST (3:00 PM CET).

The earnings conference call will be accessible via webcast through the company's website and through telephone dial-in options. Participants joining the webcast should register approximately 10 minutes before the start time. For telephone access, US/CANADA participants can dial 1-833-636-1321, while international callers should use 1-412-902-4260.

Scorpio Tankers (NYSE: STNG) has successfully placed USD 200 million of new senior unsecured bonds in the Nordic bond market. The bonds will mature in January 2030 and carry a fixed coupon of 7.5% per annum, paid semi-annually. The proceeds will be used to refinance the company's existing USD 70.6 million senior unsecured notes and for general corporate purposes.

The company plans to list the bonds on the Oslo Stock Exchange. The bond placement was coordinated by DNB Markets, Arctic Securities AS, and Pareto Securities AS as Global Coordinators and Joint Bookrunners, while Nordea Bank Abp, Credit Agricole Corporate and Investment Bank, and Clarksons Securities AS served as Joint Lead Managers.