Scorpio Tankers Inc. Announces Agreements to Sell Two LR2 Product Tankers and an Update on its Outstanding Debt
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) ha annunciato significativi vendite di navi e fornito un aggiornamento sul debito, dimostrando una solida gestione finanziaria. L’azienda ha concordato di vendere due petroliere LR2 dotate di scrubber, costruite nel 2019, per $61,2 milioni ciascuna, con chiusure previste nel quarto trimestre del 2025.
La posizione finanziaria della società mostra un miglioramento notevole, con il debito netto che potrebbe avvicinarsi a zero. Al 25 settembre 2025, i dati pro-forma indicano un debito netto di $131,3 milioni, in calo rispetto a 290,8 milioni, con debito lordo di $814,7 milioni compensato da $683,4 milioni in contanti. Inoltre, STNG ha venduto 4,78 milioni di azioni DHT Holdings a un prezzo medio di $12,50 per azione nel corso del terzo trimestre 2025.
Scorpio Tankers (NYSE:STNG) ha anunciado ventas significativas de buques y proporcionado una actualización de la deuda, mostrando una sólida gestión financiera. La compañía ha acordado vender dos petroleros LR2 equipados con scrubbers, construidos en 2019, por $61,2 millones cada uno, con cierres previstos en el cuarto trimestre de 2025.
La posición financiera de la empresa muestra una mejora notable, con la deuda neta acercándose potencialmente a cero. A 25 de septiembre de 2025, las cifras pro forma indican una deuda neta de $131,3 millones, frente a 290,8 millones, con una deuda bruta de $814,7 millones compensada por $683,4 millones en efectivo. Además, STNG ha vendido 4,78 millones de acciones de DHT Holdings a un precio medio de $12,50 por acción durante el tercer trimestre de 2025.
Scorpio Tankers (NYSE:STNG)는 중요한 선박 매각을 발표하고 부채 업데이트를 제공하여 강력한 재무 관리 능력을 보여주었습니다. 2019년에 건조된 SCRUBBER가 장착된 LR2 제품 탱크 two 척을 각각 $61.2 백만 달러에 매각하기로 합의했고, 2025년 4분기 내 마감이 예상됩니다.
회사의 재무 상태는 눈에 띄게 개선되어 순부채가 거의 0에 다가올 수 있다고 보입니다. 2025년 9월 25일 기준의 프로포마 수치에 따르면 순부채는 $131.3 백만이며, 290.8 백만에서 감소했고, 총부채는 $814.7 백만이고 현금으로 $683.4 백만을 상쇄합니다. 또한 STNG는 2025년 3분기 동안 DHT Holdings 주식 4.78 백만 주를 평균가 $12.50에 매각했습니다.
Scorpio Tankers (NYSE:STNG) a annoncé des ventes significatives de navires et a fourni une mise à jour sur l’endettement, démontrant une gestion financière solide. La société a accepté de vendre deux pétroliers LR2 équipés de scrubbers, construits en 2019, pour 61,2 millions de dollars chacun, les clôtures étant prévues au quatrième trimestre 2025.
La position financière de l’entreprise montre une amélioration remarquable, avec une dette nette qui pourrait approcher zéro. Au 25 septembre 2025, les chiffres pro forma indiquent une dette nette de 131,3 millions de dollars, en baisse par rapport à 290,8 millions, avec une dette brute de 814,7 millions de dollars compensée par 683,4 millions de dollars en espèces. De plus, STNG a vendu 4,78 millions d’actions de DHT Holdings à un prix moyen de 12,50 $ par action au cours du T3 2025.
Scorpio Tankers (NYSE:STNG) hat bedeutende Schiffverkäufe angekündigt und ein Schulden-Update vorgelegt, was ein starkes finanzielles Management zeigt. Das Unternehmen hat sich darauf geeinigt, zwei LR2-Tanker aus dem Baujahr 2019 mit Scrubbern für $61,2 Millionen jeweils zu verkaufen, der Abschluss wird im vierten Quartal 2025 erwartet.
Die finanzielle Lage des Unternehmens zeigt eine bemerkenswerte Verbesserung, mit Netto-Schulden, die potenziell gegen Null gehen. Zum 25. September 2025 zeigen Pro-Forma-Zahlen eine Nettenschuld von $131,3 Millionen, gegenüber 290,8 Millionen, während die Bruttenschuld $814,7 Millionen beträgt und durch $683,4 Millionen in Bargeld ausgeglichen wird. Zudem hat STNG im Q3 2025 4,78 Millionen DHT Holdings-Aktien zu einem Durchschnittspreis von $12,50 pro Aktie verkauft.
Scorpio Tankers (NYSE:STNG) أعلنت عن مبيعات سفن كبيرة وقدمت تحديثاً للدين، تُظهر إدارة مالية قوية. وافقت الشركة على بيع ناقلتين LR2 مزودتين بـ scrubbers ومتينتين في 2019 مقابل $61.2 مليون لكل منهما، على أن تتم الإغلاق في الربع الرابع من 2025.
وضعها المالي يظهر تحسناً ملحوظاً، مع دين صافٍ قد يقترب من الصفر. حتى 25 سبتمبر 2025، تشير الأرقام شبه النهائية إلى دين صافٍ قدره $131.3 مليون، بانخفاض من 290.8 مليون، مع دين إجمالي قدره $814.7 مليون يعوضه $683.4 مليون نقداً. بالإضافة إلى ذلك، باعت STNG 4.78 مليون سهم من DHT Holdings بسعر متوسط قدره $12.50 للسهم خلال الربع الثالث من 2025.
Scorpio Tankers (NYSE:STNG)宣布了重要的船舶出售并提供了债务更新，显示出强劲的财务管理能力。公司同意以每艘$61.2 百万美元的价格出售两艘2019年建造、装有洗涤系统的LR2成品油船，预计在2025年第四季度完成交割。
公司的财务状况显著改善，净负债可能接近于零。截至2025年9月25日，滚存数字显示净负债为$131.3 百万美元，较290.8百万下降，总负债为$814.7 百万美元，由$683.4 百万美元现金抵消。此外，STNG在2025年第三季度以平均价格$12.50 /股出售了4.78 百万股 DHT Holdings股票。
- Sale of two LR2 tankers at strong prices of $61.2 million each, capitalizing on high secondhand vessel values
- Significant debt reduction with pro-forma net debt decreasing to $131.3 million from $290.8 million
- Strong liquidity position with $683.4 million in pro-forma cash and $792.8 million available under credit facilities
- Strategic monetization of DHT Holdings shares, selling 4.78 million shares at $12.50 average price
- Reduction in fleet capacity through vessel sales may impact future revenue potential
- Decrease in revolving credit facility availability by $40.9 million due to vessel sales
Insights
Scorpio Tankers' vessel sales accelerate its path to zero net debt while capitalizing on strong secondhand tanker values.
Scorpio Tankers' announcement of selling two 2019-built LR2 tankers for
The timing is particularly shrewd - the company is selling assets at cyclical highs while aggressively reducing debt. Their pro-forma calculations show net debt potentially reaching
What's most significant here is the company's statement that net debt could reach zero "in the near future." With
The company's liquidity position is extraordinarily robust, with nearly
These transactions reveal management's clear focus on strengthening the balance sheet despite the currently strong tanker market. By monetizing select assets while maintaining their core fleet, STNG preserves upside exposure to the tanker market while dramatically reducing financial risk. The partial sale of their DHT Holdings stake (
MONACO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today that it has entered into agreements to sell two vessels and provided an update on its outstanding debt.
Vessel Sales
The Company has recently entered into agreements to sell two 2019 built scrubber-fitted LR2 product tankers, STI Lobelia and STI Lavender, for
Emanuele Lauro, Chairman and Chief Executive Officer, commented "These sales offer the dual benefit of capitalizing on cyclically high secondhand vessel values while further strengthening our balance sheet. At
Update on Current Liquidity and Debt
The table below summarizes the Company’s outstanding indebtedness as of the dates presented, and on a pro-forma basis to illustrate the impact of announced vessel sales and debt repayments that are pending closing:
| In thousands | June 30, 2025 | July 28, 2025 | September 25, 2025 | September 25, 2025 Pro-forma* | |||||||
| Gross debt outstanding | $ | 924,403 | $ | 910,987 | $ | 896,552 | $ | 814,702 | |||
| Cash and cash equivalents | 471,062 | 472,727 | 605,786 | 683,417 | |||||||
| Net debt | $ | 453,341 | $ | 438,260 | $ | 290,776 | $ | 131,285 | |||
| Availability under revolving credit facilities | $ | 838,241 | $ | 833,692 | $ | 823,542 | $ | 792,842 | |||
During the third quarter of 2025, the Company sold 4,778,000 common shares in DHT Holdings Inc. (“DHT”) at an average price of
* Amounts reflect the balances as of September 25, 2025, adjusted for announced debt and lease repayments and net proceeds from vessel sales (after estimated selling costs) which have not yet closed. These include:
- The exercise of the purchase options on three vessels that are currently financed through sale and leaseback arrangements. Two of the vessels, STI Guard and STI Gallantry, are scheduled to be purchased in December 2025 and the third vessel, STI Symphony, is scheduled to be purchased in February 2026. The aggregate outstanding lease obligation on these vessels is currently
$67.8 million . - The agreements to sell the 2020 built scrubber-fitted MR product tanker, STI Maestro for
$42.0 million , along with the 2019 built scrubber-fitted LR2 product tankers, STI Lobelia and STI Lavender, for$61.2 million per vessel. These sales are expected to close within the fourth quarter of 2025. The outstanding debt on STI Maestro of$5.1 million was repaid on the 2023$1.0 Billion Credit Facility in September 2025, with a corresponding$10.2 million reduction in the undrawn revolving portion of the facility. An aggregate of$14.0 million is expected to be paid on the 2023$1.0 Billion Credit Facility with respect to STI Lobelia and STI Lavender, with a corresponding$30.7 million reduction in the undrawn revolving portion of the facility.
About Scorpio Tankers Inc.
Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide. Scorpio Tankers Inc. currently owns or lease finances 99 product tankers (38 LR2 tankers, 47 MR tankers and 14 Handymax tankers) with an average age of 9.5 years. The Company has entered into agreements to sell one MR and two LR2 product tankers, which are expected to close in the fourth quarter of 2025. Additional information about the Company is available at the Company’s website www.scorpiotankers.com, which is not a part of this press release.
Forward-Looking Statements
Matters discussed in this press release may constitute forward‐looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward‐looking statements in order to encourage companies to provide prospective information about their business. Forward‐looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “expect,” “anticipate,” “estimate,” “intend,” “plan,” “target,” “project,” “likely,” “may,” “will,” “would,” “could” and similar expressions identify forward‐looking statements.
The forward‐looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company’s control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. The Company undertakes no obligation, and specifically declines any obligation, except as required by law, to publicly update or revise any forward‐looking statements, whether as a result of new information, future events or otherwise.
In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward‐looking statements include unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies in response to epidemics and other public health concerns including any effect on demand for petroleum products and the transportation thereof, expansion and growth of the Company’s operations, risks relating to the integration of assets or operations of entities that it has or may in the future acquire and the possibility that the anticipated synergies and other benefits of such acquisitions may not be realized within expected timeframes or at all, the failure of counterparties to fully perform their contracts with the Company, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, including the impact of the conflict in Ukraine and the developments in the Middle East, including the armed conflict between Israel and Hamas, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off‐hires, and other factors. Please see the Company’s filings with the SEC for a more complete discussion of certain of these and other risks and uncertainties.
Contact Information
Scorpio Tankers Inc.
James Doyle – Head of Corporate Development & Investor Relations
Tel: +1 203-900-0559
Email: investor.relations@scorpiotankers.com
FAQ
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