Scorpio Tankers Inc. (STNG) Form 6-K — Oct 28, 2026
Scorpio Tankers (NYSE: STNG) reported Q3 2026 net income of $224.3 million ($4.91 basic / $4.60 diluted EPS), more than doubling from $84.5 million ($1.73 diluted) a year earlier. Adjusted net income was $127.4 million ($2.79 basic EPS), excluding a $152.6 million gain on vessel sales and a $55.6 million fair value loss on the convertible notes' embedded derivative. The strength was driven by a substantially stronger product tanker market: fleet-wide average daily TCE rose to $37,508 from $26,231, with LR2s earning $55,184/day versus $31,482 in Q3 2025, aided by Middle East conflict-related voyage dislocation and tight LR2 supply.
Key figures
- Eps
- basic $4.91 / diluted $4.60 (adjusted basic $2.79, adjusted diluted $2.49)
- Revenue
- 266467000
- Net Income
- 224316000
- Total Debt
- 655000000
- Cash Position
- 2051865000
- Shares Outstanding
- 51078851
- Volare stake
- 3.4% for $38.4 million
- Undrawn revolver
- 483200000
- Quarterly dividend
- 0.75
- Q3 2025 diluted eps
- 1.73
- Tce revenue q3 2026
- 249094000
- Vlcc purchase price
- 135000000
- Lr2 daily tce q3 2026
- 55184
- Lr2 newbuilding price
- 72800000
- Nine month net income
- 828116000
- Adjusted ebitda q3 2026
- 172240000
- Gain on vessel sales q3
- 152550000
- Newbuilding commitments
- 8 LR2, 5 MR, 4 VLCC
- Prior quarterly dividend
- 0.45
- Net cash as of oct 26 2026
- 1396865000
- Adjusted net income q3 2026
- 127359000
- Buyback authorization remaining
- 445000000
- Avg daily tce per vessel q3 2025
- 26231
- Avg daily tce per vessel q3 2026
- 37508
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