Quarterly ResultJul 30, 2026, 06:47 AM
Scorpio Tankers Q2 Net Income $387.5M; Diluted EPS $7.37; Dividend $0.45
AI Summary
Scorpio Tankers reported strong Q2 2026 results with net income of $387.5 million and diluted EPS of $7.37, significantly up from the prior year. The company also declared a quarterly cash dividend of $0.45 per share. Strategic activities included the acquisition of newbuilding vessels, sale of older vessels, and significant debt restructuring through the issuance of convertible notes and repayment of secured debt, contributing to a robust financial position.
Key Highlights
- Net income for Q2 2026 was $387.5 million, up from $73.5 million in Q2 2025.
- Diluted EPS for Q2 2026 was $7.37, compared to $1.53 in Q2 2025.
- Adjusted net income for Q2 2026 was $243.7 million, or $4.68 diluted EPS.
- Board declared a quarterly cash dividend of $0.45 per common share.
- TCE revenue increased by $169.0 million to $391.8 million in Q2 2026.
- Acquired four newbuilding product tankers and a minority interest in an 8-VLCC joint venture.
- Sold 15 vessels for aggregate proceeds of $685.8 million in Q2 and July 2026.
- Issued $605.0 million in Convertible Notes and repaid $389.1 million in secured debt.
Price Impact
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