Earnings ·
Scorpio Tankers Inc. reported net income of $387.5 million for the second quarter ended June 30, 2026, driven by a…
STNGScorpio Tankers Inc.
Scorpio Tankers Inc. reported net income of $387.5 million for the second quarter ended June 30, 2026, driven by a $154.1 million gain on vessel sales and significantly higher Time Charter Equivalent revenues of $391.8 million compared to $222.8 million in the prior year period. The company declared a quarterly cash dividend of $0.45 per common share, payable August 31, 2026, to shareholders of record as of August 17, 2026. During the quarter, Scorpio Tankers issued $605 million in convertible senior notes due 2031 and redeemed its $200 million Unsecured Senior Notes Due 2030 at a make-whole price of 106.4 to par. The firm also sold five vessels for $320.8 million, repurchased nearly 2 million shares under its securities repurchase program, and signed letters of intent or agreements to acquire newbuilding tankers totaling over $250 million in purchase price commitments.