Scorpio Tankers Inc. Announces Financial Results for the Third Quarter of 2026 and An Increase to its Quarterly Dividend
Scorpio Tankers reported Q3 2026 net income of $224.3 million ($4.60 diluted EPS), up from $84.5 million ($1.73) a year ago, driven by a stronger product tanker market and $152.6 million in vessel-sale gains. Fleet-wide daily TCE rose to $37,508 from $26,231 a year earlier, with LR2 spot earnings of $55,184/day; Q4 bookings to date show LR2 pool/spot TCE of $181,000/day. The board raised the quarterly dividend 67% to $0.75 per share, payable December 4 to holders of record November 13.
Key figures
- Eps
- 4.6
- Revenue
- 266467000
- Guidance
- Q4 2026 pool/spot TCE booked to date: LR2 $181,000/day, MR $56,000/day, Handymax $40,000/day
- Revenue Yoy
- 10.4%
- Net cash
- 1396865000
- Eps basic
- 4.91
- Gross debt
- 655000000
- Net income q3
- 224316000
- Tce per day fleet
- 37508
- Unrestricted cash
- 2100000000
- Adjusted ebitda q3
- 172240000
- Dividend per share
- 0.75
- Adjusted eps diluted
- 2.49
- Lr2 spot tce per day
- 55184
- Adjusted net income q3
- 127359000
- Dividend prior quarter
- 0.45
- Eps diluted prior year
- 1.73
- Q4 lr2 pool tce booked
- 181000
- Tce per day prior year
- 26231
- Net income q3 prior year
- 84452000
- Buyback capacity remaining
- 445000000
AI analysis
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