Scorpio Tankers Inc. Announces Update on its Liquidity, Outstanding Debt, and Vessel Purchase Commitments
Rhea-AI Summary
Scorpio Tankers (NYSE:STNG) updated its liquidity, debt and newbuilding commitments as of Jan 9, 2026 and on a pro forma basis. The company reports $783.9 million availability under revolving credit facilities and pro forma $991.974 million cash
Positive
- Revolver availability of $783.9 million
- Pro forma cash balance of $991.974 million
- Total debt reduced to $609.231 million pro forma
Negative
- Newbuilding commitments of $572.8 million through 2028
- Remaining $409.231 million secured debt pro forma
- $200.0 million unsecured senior notes due 2030
News Market Reaction
On the day this news was published, STNG gained 9.39%, reflecting a notable positive market reaction. Argus tracked a peak move of +5.4% during that session. Our momentum scanner triggered 42 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $268M to the company's valuation, bringing the market cap to $3.13B at that time. Trading volume was above average at 1.7x the daily average, suggesting increased trading activity.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
STNG was up 0.22% while peers were mixed, with names like INSW and GLNG down and CMBT, EE, and TRMD up. The lack of a consistent move across peers points to company-specific focus on this balance sheet update.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 05 | Time charter deals | Positive | -0.4% | Signed two five-year LR2 time charters at $29,000 per day from 2026. |
| Dec 16 | LR2 fleet reshuffle | Positive | -1.3% | Agreed to sell two 2016 LR2s and buy two scrubber-fitted LR2 newbuildings. |
| Nov 11 | VLCC construction LOIs | Positive | -3.0% | Signed LOIs for two VLCCs and monetized part of DHT equity stake. |
| Nov 06 | MR sale & newbuilds | Positive | +3.1% | Sold four older MR tankers and added four MR newbuilding resales. |
| Oct 30 | Q3 earnings & dividend | Positive | -1.4% | Reported Q3 profit, raised dividend, and outlined sizable debt prepayments. |
Recent operational and fleet news with generally constructive tone has often seen muted or negative next-day moves, indicating a tendency toward cautious or fading reactions.
Over the last few months, Scorpio Tankers has focused on fleet optimization and capital allocation. On Oct 30, 2025, it reported profitable Q3 2025 results and raised its dividend, alongside details on debt reduction and sale proceeds. Subsequent releases in November–December 2025 outlined MR and LR2 vessel sales and corresponding newbuilding purchases, plus VLCC construction plans. A Jan 5, 2026 update added multi‑year time charter coverage. Today’s news extends this trajectory by detailing liquidity, net debt, and scheduled newbuilding capex through 2028.
Market Pulse Summary
The stock moved +9.4% in the session following this news. A strong positive reaction aligns with the article’s emphasis on higher cash, lower gross debt, and sizable revolver availability. The detailed schedule of $572.8M in newbuilding commitments through 2028 provides visibility on future capex against a strengthened balance sheet. However, past news often saw limited follow‑through despite constructive updates, so investors would have weighed fleet renewal benefits against execution risk and tanker-cycle sensitivity.
Key Terms
revolving credit facility financial
finance leases financial
unsecured senior notes financial
net debt financial
sale and leaseback financial
very large crude carriers technical
AI-generated analysis. Not financial advice.
MONACO, Jan. 13, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today an update on its liquidity, outstanding debt, and its forward newbuilding vessel commitments.
Update on Current Liquidity and Debt
The table below summarizes the Company’s outstanding indebtedness and liquidity 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 of U.S. dollars | Outstanding as of September 30, 2025 | Outstanding as of January 9, 2026 | Pro Forma Outstanding as of January 9, 2026* | ||||||
| Secured Debt | |||||||||
| 1 | 2023 | $ | 102,610 | $ | 73,370 | $ | 73,370 | ||
| 2 | 2023 | 37,549 | 27,164 | 27,164 | |||||
| 3 | 2023 | 79,127 | 40,860 | 40,860 | |||||
| 4 | 2023 | 333,457 | 213,594 | 213,594 | |||||
| 5 | 2023 | 75,992 | 54,243 | 54,243 | |||||
| 6 | 2025 | — | — | — | |||||
| Total Secured Debt | $ | 628,735 | $ | 409,231 | $ | 409,231 | |||
| Finance Leases | |||||||||
| 7 | Ocean Yield Lease Financing | 20,010 | 19,202 | — | |||||
| 8 | 2021 Ocean Yield Lease Financing(6) | 47,841 | — | — | |||||
| Total Finance Leases | $ | 67,851 | $ | 19,202 | $ | — | |||
| Unsecured Debt | |||||||||
| 9 | Unsecured Senior Notes Due 2030 | 200,000 | 200,000 | 200,000 | |||||
| Total Unsecured Debt | $ | 200,000 | $ | 200,000 | $ | 200,000 | |||
| Total Debt | $ | 896,586 | $ | 628,433 | $ | 609,231 | |||
| Cash | 603,205 | 793,157 | 991,974 | ||||||
| Net debt / (cash) | $ | 293,381 | $ | (164,724 | ) | $ | (382,743 | ) | |
| Availability under revolving credit facilities | $ | 823,542 | $ | 783,876 | $ | 770,176 | |||
The Company has
Since October 28, 2025, the Company sold its remaining 3,551,794 common shares in DHT Holdings Inc. at an average price of
In November 2025, the Company closed on the previously announced sales of the 2020 built MR product tanker, STI Maestro for
In early December 2025, the Company closed on the previously announced sales of the 2014 built MR product tanker STI Yorkville for
The significant movements in the Company’s outstanding indebtedness during the fourth quarter of 2025 are as follows:
- In November 2025, the Company prepaid
$29.2 million on the 2023$225.0 Million Revolving Credit Facility related to the sales of STI Battery, STI Venere, STI Milwaukee, and STI Yorkville. - In December 2025, the Company prepaid
$9.2 million on the 2023$49.1 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027. - In November 2025, the Company prepaid
$34.0 million on the 2023$117.4 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027. - The activity related to the 2023
$1.0 Billion Credit Facility is as follows:
- In October 2025, the Company prepaid
$14.0 million on the term portion of this facility related to the sales of STI Lobelia and STI Lavender, the latter of which is expected to close in the first quarter of 2026. - In November 2025, the Company prepaid
$84.5 million on the term portion and$7.6 million on the revolving portion of this facility representing the quarterly payments scheduled to be paid from September 2026 through December 31, 2027. - In December 2025, the Company prepaid
$0.3 million on the term portion and$13.5 million on the revolving portion of this facility related to the sale of STI Goal, which is expected to close in the first quarter of 2026.
- In October 2025, the Company prepaid
- In November 2025, the Company prepaid
$19.3 million on the 2023$94.0 Million Credit Facility, representing the quarterly payments scheduled to be paid in 2026 and 2027. - In December 2025, the Company repaid the outstanding lease obligations on the 2021 Ocean Yield Lease Financing related to two LR2 product tankers that were financed under this arrangement, STI Guard and STI Gallantry.
* Amounts reflect the balances as of January 9, 2026, 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 sales of the 2019 built LR2 product tanker, STI Lavender, for
$61.2 million , the 2015 built LR2 product tanker, STI Kingsway, for$57.5 million , and the 2016 built LR2 product tankers STI Goal and STI Gallantry for$52.3 million each. These sales are expected to close within the first quarter or second quarter of 2026 and the debt associated with these vessels has been fully repaid as of January 9, 2026. Further, a$13.7 million reduction is expected to occur in the undrawn revolving portion of the 2023$1.0 Billion Credit Facility with respect to the expected sale of STI Kingsway. - The exercise of the purchase option on the sale and leaseback arrangement with respect to the 2016 built LR2 product tanker, STI Symphony which is financed under the Ocean Yield Lease Financing. This purchase is scheduled to close in February 2026.
Newbuilding Purchase Commitments
The table below summarizes the Company’s previously announced commitments to purchase newbuilding vessels consisting of two Very Large Crude Carriers (“VLCCs”) with deliveries expected in the second half of 2028, two LR2s with deliveries expected in the third quarter of 2027, and four MRs with a delivery expected in each of the second and fourth quarter of 2026 and two deliveries in 2027.
| In millions of USD | Amount | |||
| Q1 2026 - paid | $ | 14.2 | ||
| Q1 2026 - to be paid | 26.7 | |||
| Q2 2026 | 57.6 | |||
| Q3 2026 | 14.2 | |||
| Q4 2026 | 59.2 | |||
| 2027 | 212.6 | |||
| 2028 | 188.3 | |||
| $ | 572.8 | |||
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 93 product tankers (37 LR2 tankers, 42 MR tankers and 14 Handymax tankers) with an average age of 9.8 years. The Company has entered into agreements to sell four LR2 product tankers which are expected to close in the first quarter or second quarter of 2026. The Company has also reached agreements for four MR newbuildings that are currently under construction with deliveries expected in 2026 and 2027, two LR2 newbuildings with deliveries expected in the third quarter of 2027 and two VLCC newbuildings with deliveries expected in the second half of 2028. 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
How much revolver availability does Scorpio Tankers (STNG) have as of Jan 9, 2026?
What is STNG's pro forma cash position after announced vessel sales and repayments?
How much total debt does STNG have on a pro forma basis as of Jan 9, 2026?
What are Scorpio Tankers’ newbuilding purchase commitments (STNG) and timing?
Which material vessel sales and repayments did STNG complete in Q4 2025?
Does STNG have near-term debt maturities or notable unsecured debt?
