Scorpio Tankers (STNG) Company Report

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

Scorpio Tankers Announces Vessel Sales and Debt Update

STNG

Scorpio Tankers Inc. has entered into agreements to sell two 2019-built scrubber-fitted LR2 product tankers, STI Lobelia and STI Lavender, for $61.2 million per vessel, with sales expected to close in the fourth quarter of 2025.
These vessel sales, along with other debt repayments and lease option exercises, are projected to significantly strengthen the balance sheet, potentially reducing net debt to $131,285 thousand on a pro-forma basis as of September 25, 2025.
The company provided an update on its outstanding debt and liquidity as of September 25, 2025, and on a pro-forma basis :

Metric	September 25, 2025	September 25, 2025 Pro-forma
Gross debt outstanding ($USD thousands)	$896,552	$814,702
Cash and cash equivalents ($USD thousands)	$605,786	$683,417
Net debt ($USD thousands)	$290,766	$131,285
Availability under revolving credit facilities ($USD thousands)	$823,542	$792,842

During the third quarter of 2025, Scorpio Tankers sold 4,778,000 common shares in DHT Holdings Inc. at an average price of $12.50 per share, and currently owns 4,054,480 common shares in DHT.

Sep 29, 2025, 8:16 PM

Scorpio Tankers Reports H1 2025 Financial Results and Declares Dividend

STNG

Earnings

Dividends

Demand Weakening

Scorpio Tankers Inc. reported a significant decline in financial performance for the six months ended June 30, 2025, with net income decreasing by 70% to $131.7 million and vessel revenue decreasing by 42% to $444.2 million, primarily due to the normalization of spot TCE rates after the Red Sea disruption.
The company declared a quarterly cash dividend of $0.40 per common share on July 29, 2025, which is scheduled to be paid on August 29, 2025.
As of June 30, 2025, Scorpio Tankers maintained strong liquidity with a cash balance of $471.1 million and $838.2 million in undrawn revolving credit capacity, while also reducing its average debt to $962.8 million for the six months ended June 30, 2025.
The company engaged in strategic fleet management, including a bareboat charter-out agreement for the MR product tanker, STI Bosphorus, and exercising purchase options for three vessels (STI Guard, STI Gallantry, and STI Symphony).

Aug 28, 2025, 8:12 PM

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