Research analysts covering SBBA.
Recent press releases and 8-K filings for SBBA.
Scorpio Tankers reports strong financial position and bullish market outlook
SBBA
Dividends
Share Buyback
Guidance Update
- Scorpio Tankers reported a strong financial position with $1.7 billion in total liquidity as of January 9, 2026, including $992 million in pro forma cash and $784 million in undrawn revolving credit, alongside a net cash position of $383 million.
- The company holds a very bullish outlook on the product tanker market, citing continuously strengthening rates, with LR2 spot rates north of $50,000 per day and MR spot rates around $30,000 per day as of January 2026, reflecting a $5,000-$6,000 per day increase in the last month.
- Scorpio Tankers prioritizes a regular and increasing dividend policy through all market cycles, having increased its quarterly dividend to $0.42 per share in Q3 2025, and currently has no immediate plans for large share buybacks or acquisitions.
- The company operates a modern fleet of 93 vessels with an average age of 9.8 years, has reduced total indebtedness by approximately $2.5 billion since 2021, and maintains an all-in daily cash break-even of $11,000 per day.
Jan 14, 2026, 3:00 PM
Scorpio Tankers Reports Bullish Market Outlook and Strong Financial Position
SBBA
Guidance Update
Dividends
Share Buyback
- Scorpio Tankers (STNG) reports a very bullish outlook for the product tanker market, with continuously strengthening rates; Q1 2026 is starting very strong, with LR2 spot rates north of $50,000 per day and MRs around $30,000 per day as of January 14, 2026.
- The company maintains a strong financial position with approximately $1.7 billion in total liquidity as of January 9, 2026, including $992 million in pro forma cash, and has reduced its all-in daily cash break-even to $11,000 per day.
- Management is focused on a regular and increasing dividend policy, having increased the quarterly dividend to $0.42 a share in Q3 2025, and is not rushing share buybacks given current strong cash generation.
- Favorable industry dynamics, including an aging global fleet and geopolitical events, are driving increased ton-miles and constraining effective supply growth, supporting sustained high rates.
Jan 14, 2026, 3:00 PM
Scorpio Tankers Highlights Q3 2025 Performance and Strengthened Balance Sheet
SBBA
Earnings
Share Buyback
Dividends
- Scorpio Tankers Inc. is the world's largest product tanker owner, operating 93 vessels with an average age of 9.8 years and 8 newbuilding vessels on order.
- The company has significantly strengthened its balance sheet, reducing overall indebtedness by approximately $2.5 billion from December 31, 2021, through January 9, 2026, resulting in a pro-forma Net Debt of -$95 million as of January 9, 2026.
- For Q3 2025, Scorpio Tankers reported strong financial results including TCE Revenue of $232.9 million, Adjusted EBITDA of $148.1 million, and Net Income of $84.5 million. The company also returned capital to shareholders, repurchasing $826 million of shares and paying $202 million in dividends from January 1, 2023, through September 30, 2025.
- The product tanker market is experiencing historically high earnings driven by robust product demand, increasing seaborne exports, and limited fleet growth due to a modest orderbook and an aging global fleet.
Jan 14, 2026, 3:00 PM
Scorpio Tankers Provides Bullish Market Outlook and Financial Update
SBBA
Dividends
Share Buyback
Revenue Acceleration/Inflection
- Scorpio Tankers reported a net cash position of $383 million and $1.7 billion in total liquidity as of January 9th, 2026, having reduced total indebtedness by approximately $2.5 billion since 2021.
- The company is very bullish on the product tanker market, with LR2 spot rates currently north of $50,000 per day and MRs around $30,000 per day, reflecting a continuous strengthening of rates.
- Scorpio Tankers increased its quarterly dividend to $0.42 per share in Q3 2025 and plans a regular, increasing dividend policy, while having returned over $1 billion to shareholders in recent years through buybacks and dividends.
- The strong market is driven by demand consistently outpacing supply, increased ton-miles from global refinery shifts, and an aging fleet where a significant portion of older vessels are sanctioned.
Jan 14, 2026, 3:00 PM
SBBA Reports Q3 2025 Financial Results, Increases Dividend, and Announces Significant Debt Prepayments
SBBA
Earnings
Dividends
- For Q3 2025, SBBA reported Adjusted EBITDA of $148.1 million, Adjusted net income of $72.7 million, and $1.56 basic earnings per share.
- The company increased its quarterly dividend by 5% to $0.42 per share, which will be paid in December 2025.
- SBBA reached agreements to make unscheduled loan prepayments totaling $154.6 million in Q4 2025, covering scheduled principal amortization through 2027, which is expected to reduce the Company's break-even levels to $11,000 per day.
- Agreements were made to sell two LR2 product tankers for $61.2 million per vessel and one MR product tanker for $42.0 million, with closings expected in Q4 2025, contributing to a pro-forma cash and cash equivalents of $626.2 million and pro-forma net debt of $33.9 million as of October 28, 2025.
Oct 30, 2025, 1:00 PM
Scorpio Tankers Inc. Reports Strong Q3 2025 Results and Increases Dividend
SBBA
Earnings
Dividends
Guidance Update
- Scorpio Tankers Inc. reported strong financial results for Q3 2025, with $87.7 million in adjusted EBITDA and $72.7 million in adjusted net income, equating to $1.49 per diluted share.
- The company announced a 5% increase in its quarterly dividend and expects its daily cash breakeven to fall to approximately $11,000 per day after planned debt prepayments.
- Liquidity stands at approximately $1.4 billion, comprising $627 million in cash and $788 million in undrawn revolving credit. Net debt has significantly decreased to $255 million, with a pro forma net debt position of $34 million.
- The product tanker market remains constructive, with MRs earning around $28,000 per day and LR2s about $35,000 per day, driven by strong demand, evolving trade patterns, and an aging global fleet.
- Sanctions on vessels are effectively shrinking available tonnage, and effective fleet growth in clean products is projected to be modest, around 1% per year, while ton-mile demand continues to outpace supply.
Oct 30, 2025, 1:00 PM
Scorpio Tankers Reports Strong Q3 2025 Results, Increases Dividend, and Reduces Debt
SBBA
Earnings
Dividends
New Projects/Investments
- Scorpio Tankers reported adjusted EBITDA of $87.7 million and adjusted net income of $72.7 million, or $1.49 per diluted share, for the third quarter of 2025.
- The company's liquidity stands at approximately $1.4 billion, which includes $627 million in cash and $788 million in undrawn revolving credit.
- A 5% increase in the quarterly dividend was announced, and the company plans to prepay $154.6 million of principal amortization in Q4 2025, covering all scheduled loan amortization for 2026 and 2027. This prepayment is expected to reduce the daily cash breakeven to around $11,000 per day.
- Net debt has significantly declined by $2.7 billion since December 31, 2021, reaching $255 million, with a pro forma net debt position of $34 million.
- The product tanker market continues to strengthen, with MRs earning around $28,000 per day and LR2s about $35,000 per day, driven by strong demand, evolving trade patterns, and an aging fleet.
Oct 30, 2025, 1:00 PM
Scorpio Tankers Reports Strong Q3 2025 Financial Results and Announces Debt Reduction Initiatives
SBBA
Earnings
Dividends
- Scorpio Tankers Inc. reported adjusted EBITDA of $87.7 million and adjusted net income of $72.7 million, or $1.49 per diluted share, for Q3 2025.
- The company's liquidity stands at approximately $1.4 billion, comprising $627 million in cash and $788 million in undrawn revolving credit facilities.
- Scorpio Tankers announced a 5% increase in its quarterly dividend and plans to prepay $154.6 million of principal amortization for 2026 and 2027 in Q4 2025, which is expected to further reduce its daily cash breakeven to approximately $11,000 per day.
- Net debt has decreased by $2.7 billion since December 31, 2021, reaching $255 million, with a pro forma net debt of $34 million.
- The company maintains an optimistic outlook for the product tanker market, citing strong demand for refined products, evolving trade patterns, and an aging global fleet.
Oct 30, 2025, 1:00 PM
Quarterly earnings call transcripts for SBBA.
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