Quarterly ResultOct 28, 2026, 04:23 PM
Scorpio Tankers Q3 Net Income $224.3M; Dividend Raised to $0.75
AI Summary
Scorpio Tankers Inc. reported strong financial results for the third quarter of 2026, with net income rising to $224.3 million ($4.91 basic EPS) from $84.5 million ($1.81 basic EPS) in the prior year. The company also announced an increased quarterly cash dividend of $0.75 per share. Significant events during the quarter included substantial gains from vessel sales, agreements to purchase newbuilding tankers, and the redemption of senior unsecured notes. The company maintains a strong liquidity position with $2.1 billion in cash.
Key Highlights
- Scorpio Tankers reported Q3 2026 net income of $224.3 million, or $4.91 basic EPS, a significant increase from $84.5 million, or $1.81 basic EPS, in Q3 2025.
- The company declared a quarterly cash dividend of $0.75 per common share, an increase from previous periods.
- Q3 2026 adjusted net income was $127.4 million, or $2.79 basic EPS, excluding a $152.6 million gain on vessel sales.
- Scorpio Tankers announced agreements to purchase four LR2 newbuilding product tankers for $72.8 million each and two VLCCs for $135.0 million each.
- The company completed the sale of four LR2 product tankers and one MR product tanker in July 2026 for an aggregate of $320.8 million.
- As of October 26, 2026, the company had $2.1 billion in unrestricted cash and cash equivalents.
- Scorpio Tankers redeemed its outstanding 7.5% Senior Unsecured Notes Due 2030 for $200.0 million in July 2026.
Price Impact
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