Quarterly UpdatesJun 18, 2026, 04:22 PM
Scorpio Tankers Updates Q2 2026 TCE Rates; LR2 at $80,000/day
AI Summary
Scorpio Tankers Inc. provided an update on its second quarter 2026 Time Charter Equivalent (TCE) rates and estimated diluted shares outstanding. As of June 18, 2026, LR2 tankers achieved an average daily TCE of $80,000 for 88% of days in the pool and spot market, while MR tankers reached $53,000 for 90% of days. The company estimates its fully diluted weighted average shares outstanding for Q2 2026 to be between 53 to 54 million, reflecting the dilutive impact of recently issued Convertible Senior Notes.
Key Highlights
- LR2 tankers achieved an average daily TCE of $80,000 for 88% of Q2 2026 pool and spot market days.
- MR tankers achieved an average daily TCE of $53,000 for 90% of Q2 2026 pool and spot market days.
- Handymax tankers achieved an average daily TCE of $54,000 for 80% of Q2 2026 pool and spot market days.
- Estimated fully diluted weighted average shares outstanding for Q2 2026 are 53-54 million shares.
- The estimate includes the dilutive effect of 1.75% Convertible Senior Notes due 2031.
- Scorpio Tankers owns 81 product tankers and has agreements to sell 7 tankers.
- Agreements/LOI for 12 newbuilding vessels (6 MR, 4 LR2, 2 VLCC) with deliveries through 2030.
Price Impact
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