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Scorpio Tankers (STNG)

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Recent press releases and 8-K filings for STNG.

Scorpio Tankers Inc. Updates on Liquidity, Debt, and Vessel Commitments
STNG
Debt
New Projects/Investments
  • Scorpio Tankers Inc. reported $628.4 million in total debt and $793.2 million in cash as of January 9, 2026, resulting in net cash of $164.7 million. On a pro forma basis, total debt was $609.2 million and cash was $992.0 million, leading to net cash of $382.7 million.
  • The company had $783.9 million in availability under its revolving credit facilities as of January 9, 2026.
  • During the fourth quarter of 2025, Scorpio Tankers completed several vessel sales, including the STI Maestro for $42.0 million, STI Battery, STI Venere, and STI Milwaukee for $32.0 million each, STI Yorkville for $32.0 million, and STI Lobelia for $61.2 million. These sales contributed to significant debt prepayments across various credit facilities.
  • Scorpio Tankers has newbuilding purchase commitments totaling $572.8 million, with payments scheduled through 2028. This includes $14.2 million already paid in Q1 2026, $26.7 million to be paid in Q1 2026, $57.6 million in Q2 2026, $14.2 million in Q3 2026, $59.2 million in Q4 2026, $212.6 million in 2027, and $188.3 million in 2028.
Jan 13, 2026, 9:14 PM
Scorpio Tankers Provides Update on Liquidity, Debt, and Newbuilding Commitments
STNG
New Projects/Investments
Guidance Update
  • Scorpio Tankers Inc. reported a strong liquidity position as of January 9, 2026, with $793.2 million in cash and $783.9 million in available revolving credit facilities, resulting in a net cash position of $164.7 million.
  • The company's total debt significantly decreased to $628.4 million as of January 9, 2026, from $896.6 million on September 30, 2025, primarily due to $194.1 million in debt prepayments and the repayment of lease obligations during the fourth quarter of 2025.
  • Scorpio Tankers has newbuilding commitments totaling $572.8 million for two Very Large Crude Carriers (VLCCs), two LR2s, and four MRs, with deliveries scheduled from Q2 2026 through H2 2028.
  • The company also enhanced its financial position through asset sales, including its remaining DHT Holdings Inc. shares and several product tankers, which contributed to the debt reduction and increased cash.
Jan 13, 2026, 11:44 AM
Scorpio Tankers Announces Vessel Sale Agreement
STNG
M&A
New Projects/Investments
  • Scorpio Tankers Inc. has entered into an agreement to sell the 2015 built scrubber-fitted LR2 product tanker, STI Kingsway, for $57.5 million.
  • The sale is expected to close within the first or second quarter of 2026.
  • This is one of four LR2 product tankers that Scorpio Tankers has agreed to sell, with all sales anticipated to close in the first or second quarter of 2026.
  • The company currently owns or lease finances 93 product tankers and has agreements for four MR newbuildings (expected delivery in 2026 and 2027), two VLCC newbuildings (expected delivery in the second half of 2028), and two LR2 newbuildings (expected delivery in the third quarter of 2027).
Jan 12, 2026, 11:45 AM
Scorpio Tankers Inc. Announces Time Charter-Out Agreements
STNG
New Projects/Investments
Guidance Update
  • Scorpio Tankers Inc. has entered into five-year time charter-out agreements for its STI Rose and STI Alexis LR2 product tankers at a rate of $29,000 per vessel per day, with commencement expected in the first quarter of 2026.
  • The company currently owns or lease finances 93 product tankers with an average age of 9.8 years.
  • Scorpio Tankers has also reached agreements for eight newbuildings (four MR, two VLCC, and two LR2) with deliveries scheduled between 2026 and 2028, and expects to sell three LR2 product tankers in the first quarter of 2026.
Jan 5, 2026, 9:14 PM
Scorpio Tankers Announces Time Charter-Out Agreements
STNG
New Projects/Investments
  • Scorpio Tankers Inc. has entered into agreements to time charter-out two 2015 built LR2 product tankers, STI Rose and STI Alexis.
  • Each agreement is for a five-year term at a rate of $29,000 per vessel per day, with commencement expected in the first quarter of 2026.
  • The company currently owns or lease finances 93 product tankers and has agreements to sell three LR2 product tankers and acquire several newbuildings, including four MR newbuildings, two VLCC newbuildings, and two LR2 newbuildings.
Jan 5, 2026, 11:45 AM
Scorpio Tankers Announces Sale of Two LR2 Tankers and Purchase of Two LR2 Newbuildings
STNG
New Projects/Investments
  • Scorpio Tankers Inc. announced on December 16, 2025, agreements to sell two 2016-built LR2 product tankers, STI Goal and STI Gallantry, for $52.3 million per vessel, with sales expected to close in the first quarter of 2026.
  • Concurrently, the company agreed to purchase two scrubber-fitted LR2 newbuilding product tankers for $70.8 million per vessel, with deliveries anticipated in the third quarter of 2027.
  • The sale of STI Gallantry is expected to result in the full repayment of its $23.4 million outstanding lease obligation before the end of 2025, and STI Goal's $13.8 million outstanding debt balance will be addressed.
Dec 16, 2025, 11:45 AM
Scorpio Tankers Inc. Announces VLCC Construction Agreements
STNG
New Projects/Investments
  • Scorpio Tankers Inc. has signed letters of intent to construct two Very Large Crude Carriers (VLCCs) at Hanwha Ocean Co. Ltd., South Korea.
  • Each VLCC has a purchase price of $128 million, with deliveries anticipated in the third and fourth quarters of 2028.
  • Since October 28, 2025, the company sold 2,382,226 common shares of DHT Holdings Inc. at an average price of $13.25 per share, retaining 1,169,568 shares as of November 11, 2025.
  • Chairman and CEO Emanuele Lauro commented that these VLCC agreements are a "logical and efficient extension" of their "strong and long-term view of the fundamentals of the crude tanker market".
Nov 12, 2025, 9:19 PM
Scorpio Tankers Announces Agreements to Sell and Purchase MR Vessels
STNG
M&A
New Projects/Investments
  • Scorpio Tankers Inc. has entered into agreements to sell four 2014-built MR product tankers for $32.0 million per vessel, with sales expected to close in the first quarter of 2026.
  • Concurrently, the company agreed to purchase four scrubber-fitted MR newbuilding vessels for $45.0 million per vessel, with deliveries anticipated between the second quarter of 2026 and the second quarter of 2027.
  • This strategic move aims to enhance the fleet's age profile and overall quality while requiring minimal incremental capital expenditure.
Nov 6, 2025, 9:17 PM
Scorpio Tankers Announces Sale of Older MR Tankers and Purchase of Newbuilding Resales
STNG
New Projects/Investments
  • Scorpio Tankers Inc. has entered into agreements to sell four 2014-built MR product tankers for $32.0 million per vessel, with the sales expected to close in the first quarter of 2026.
  • The Company has also agreed to purchase four scrubber-fitted MR newbuilding resales for $45.0 million per vessel.
  • These newbuilding vessels are anticipated to be delivered in the second and third quarters of 2026, and the first and second quarters of 2027.
  • This strategic move is intended to enhance the fleet's age profile and overall quality while requiring minimal incremental capital expenditure.
Nov 6, 2025, 11:43 AM
Scorpio Tankers Inc. Reports Q3 2025 Financial Results and Increases Quarterly Dividend
STNG
Earnings
Dividends
  • Scorpio Tankers Inc. reported net income of $84.5 million, or $1.81 basic and $1.73 diluted earnings per share, for the three months ended September 30, 2025.
  • The company's board of directors declared an increased quarterly cash dividend of $0.42 per common share on October 29, 2025.
  • Scorpio Tankers Inc. expects to make unscheduled debt prepayments totaling $154.6 million in the fourth quarter of 2025, covering scheduled principal amortization through December 31, 2027.
  • As of October 28, 2025, the company held $626.7 million in unrestricted cash and cash equivalents and had $788.3 million of undrawn revolver capacity.
  • The company entered into agreements to sell three product tankers (two LR2 and one MR) with expected net proceeds of $159.5 million in the fourth quarter of 2025.
Oct 30, 2025, 8:14 PM