Scorpio Tankers Inc. announced third quarter 2026 average daily Time Charter Equivalent (TCE) rates and entered into agreements to time charter out three product tankers. For LR2 vessels, the average daily TCE revenue was $64,900 over 1,249 expected revenue days, with spot market charters at $30,800 per day. MR vessels generated an average daily TCE of $30,000 over 3,058 days, including spot rates of $28,000 and bareboat charter-out revenue of $12,986 for 91 days. Handymax vessels averaged $25,500 per day over 1,183 days. The company time charted out two LR2 tankers, STI Gladiator and STI Jermyn, for three years at $40,188 and $42,500 per day respectively, commencing in September 2026. One MR tanker, STI Pontiac, was time charted out for three years at $23,900 per day, commencing in the fourth quarter of 2026. The company estimates fully diluted weighted average shares outstanding between 54.5 and 55.5 million for the period. Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide.

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.

Scorpio Tankers Inc. issued a redemption notice for its 7.5% Senior Unsecured Notes due 2030 and secured a commitment for a new credit facility. The company operates in the shipping industry, specializing in the ownership and operation of tankers.

Scorpio Tankers Inc. issued a press release on June 18, 2026, providing an update regarding its daily Time Charter Equivalent (TCE) rates for the second quarter of 2026. The company incorporates this update into its existing SEC registration statements. Scorpio Tankers Inc. operates in the maritime industry, providing transportation services for petroleum products.