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Scorpio Tankers (STNG) investor relations material
Scorpio Tankers Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Reported Q3 2025 adjusted EBITDA of $148.1 million and adjusted net income of $72.7 million, with diluted EPS of $1.49 and basic EPS of $1.56.
Net income for Q3 2025 was $84.5 million, reflecting normalized TCE rates and a smaller fleet.
Announced a 5% increase in the quarterly dividend to $0.42 per share, payable in December 2025.
Pro-forma net debt reduced to $33.9 million after vessel sales and debt repayments.
Announced unscheduled prepayments of $154.6 million on secured credit facilities, covering all scheduled principal amortization for 2026 and 2027.
Financial highlights
Q3 2025 adjusted EBITDA was $148.1 million; adjusted net income was $72.7 million.
TCE revenue for Q3 2025 was $232.9 million; vessel revenue was $241.4 million.
Operating cash flow before working capital changes was $135.5 million for Q3 2025.
Liquidity as of October 28, 2025, totaled $1.415 billion, including $626.7 million in cash and $788.3 million in undrawn revolver capacity.
Net debt reduced by over $2.3 billion since December 2021, now at $255 million, with further reductions expected.
Outlook and guidance
Scheduled vessel sales and debt prepayments are expected to lower breakeven rates to $11,000 per day, the lowest in company history.
Management remains optimistic for both crude and refined products, expecting a constructive market into Q4 and Q1 2026.
Q4 2025 expected average daily TCE revenue: LR2 $28,500, MR $23,500, Handymax $20,500.
No newbuildings on order, resulting in zero newbuild capex.
Significant operating leverage: a $10,000/day increase in freight rates could generate ~$350 million in annualized cash flow.
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