Welcome to our dedicated page for Scorpio Tankers news (Ticker: STNG), a resource for investors and traders seeking the latest updates and insights on Scorpio Tankers stock.
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) entered two time charter-out agreements for the LR2 product tankers STI Rose and STI Alexis. Each charter is for a five-year term at a rate of $29,000 per vessel per day. The charters are expected to commence in the first quarter of 2026, providing multi-year contracted revenue for the two 2015-built vessels.
Scorpio Tankers (NYSE:STNG) entered agreements to sell two 2016-built LR2 product tankers, STI Goal and STI Gallantry, for $52.3 million per vessel, with closings expected in Q1 2026. The company expects to fully repay a $23.4 million outstanding lease obligation on STI Gallantry before year-end 2025. STI Goal currently carries $13.8 million outstanding under the 2023 $1.0 billion credit facility. Each vessel is due for its 10-year special survey and drydock in Q2 2026 and those costs will be the buyer’s responsibility after closing. Scorpio also agreed to purchase two scrubber-fitted LR2 newbuildings for $70.8 million per vessel, under construction at Dalian Shipbuilding with deliveries expected in Q3 2027.
Scorpio Tankers (NYSE:STNG) signed letters of intent to construct two VLCCs at Hanwha Ocean in South Korea at a purchase price of $128 million per vessel, with deliveries expected in the third and fourth quarters of 2028. The company reported it sold 2,382,226 common shares of DHT since October 28, 2025 at an average price of $13.25 and currently owns 1,169,568 DHT shares. Management said the newbuilds align with a long‑term constructive view of the crude tanker market and that capex will be weighted toward late 2027 and beyond.
Scorpio Tankers (NYSE:STNG) announced agreements to sell four 2014-built, scrubber-fitted MR product tankers—STI Battery, STI Venere, STI Milwaukee and STI Yorkville—for $32.0 million per vessel, with closings expected within Q1 2026. Each sold vessel currently carries $7.3 million of outstanding debt under the company’s 2023 $225.0 million revolving credit facility.
The company will purchase four scrubber-fitted MR newbuilding resales at Jingjiang Nanyang Shipbuilding for $45.0 million per vessel, with deliveries scheduled in Q2 2026, Q3 2026, Q1 2027, and Q2 2027. Management said the transactions improve the fleet age profile and quality while requiring minimal incremental capital expenditure.
Scorpio Tankers (NYSE: STNG) reported Q3 2025 net income of $84.5 million ($1.81 basic, $1.73 diluted) and adjusted net income $72.7 million ($1.56 basic). The board declared a $0.42 quarterly cash dividend payable Dec 5, 2025 to holders of record Nov 14, 2025. As of Oct 28, 2025, unrestricted cash was $626.7 million with $788.3 million undrawn revolver capacity and pro‑forma gross debt of $881.8 million (net debt $255.1 million).
Material actions include announced unscheduled prepayments totaling $154.6 million (expected Q4 2025) and expected vessel sale proceeds of $159.5 million to close in Q4 2025.
Scorpio Tankers (NYSE: STNG) will issue its Third Quarter 2025 earnings release on Thursday, October 30, 2025 in the morning EDT and host a conference call at 9:00 AM Eastern Daylight Time (2:00 PM Central European Time).
The live webcast will be available on the company website www.scorpiotankers.com and at the provided webcast link; participants should register about 10 minutes before the start. Telephonic access: US/Canada 1-833-636-1321 and International +1-412-902-4260. Callers should request to join the Scorpio Tankers call and dial in ~10 minutes early. The company notes teleconference information is accurate only at call time.
Scorpio Tankers (NYSE:STNG) has announced significant vessel sales and provided a debt update, showcasing strong financial management. The company has agreed to sell two 2019-built scrubber-fitted LR2 product tankers for $61.2 million each, with closings expected in Q4 2025.
The company's financial position shows remarkable improvement, with net debt potentially approaching zero. As of September 25, 2025, pro-forma figures indicate net debt of $131.3 million, down from $290.8 million, with gross debt of $814.7 million offset by $683.4 million in cash. Additionally, STNG has sold 4.78 million DHT Holdings shares at an average price of $12.50 per share during Q3 2025.
Scorpio Tankers (NYSE:STNG) has announced an agreement to sell its STI Maestro, a 2020-built scrubber-fitted MR product tanker. The vessel sale is priced at $42.0 million and is anticipated to be completed in Q4 2025.
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.