Quarterly UpdatesJun 18, 2026, 06:45 AM
Scorpio Tankers Q2 2026 TCE Update: LR2 $80K, MR $53K, Handymax $54K
AI Summary
Scorpio Tankers Inc. provided an update on its daily Time Charter Equivalent (TCE) rates for the second quarter of 2026. The company reported strong TCE rates across its fleet, with LR2 vessels in the pool and spot market averaging $80,000/day, MR vessels averaging $53,000/day, and Handymax vessels averaging $54,000/day. Additionally, the company estimates its fully diluted weighted average shares outstanding for Q2 2026 to be between 53 to 54 million shares.
Key Highlights
- Scorpio Tankers' LR2 pool and spot market TCE averaged $80,000/day, covering 88% of days.
- MR pool and spot market TCE averaged $53,000/day, covering 90% of days.
- Handymax pool and spot market TCE averaged $54,000/day, covering 80% of days.
- LR2 time charters out averaged $30,300/day for 1,082 expected revenue days.
- MR time charters out averaged $26,500/day; bareboat charter out averaged $12,986/day.
- Estimated Q2 2026 diluted weighted average shares outstanding are 53 to 54 million.
Price Impact
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