Scorpio Tankers (STNG) Q3 2026 earnings summary

Executive summary

• Q3-26 adjusted EBITDA was $172.2M and adjusted net income was $127.4M; quarterly dividend increased 67% to $0.75/share.

• Net cash reached $1.397B as of Oct. 26, 2026, with $2.052B cash and $483.2M available under revolving facilities.

• Product tanker rates strengthened toward quarter-end as refinery runs, exports and longer-haul voyages rose amid constrained vessel supply.

Financial highlights

• Q3 revenue was $266.5M versus $241.4M YoY; adjusted EBITDA was $172.2M versus $148.1M.

• Q3 net income was $224.3M versus $84.5M YoY; adjusted net income was $127.4M versus $72.7M.

• Q3 basic/diluted EPS was $4.91/$4.60; adjusted basic/diluted EPS was $2.79/$2.49.

• Q3 adjusted net income excluded a $152.6M vessel-sale gain and a $55.6M fair-value loss on financial liabilities.

• Nine-month adjusted EBITDA was $686.9M versus $416.4M; adjusted net income was $521.9M versus $189.5M.

Outlook and guidance

• Q4 booked-to-date rates were ~$181,000/day for LR2s, $56,000/day for MRs and $40,000/day for Handymax vessels.

• Two LR2 sales for $70M and $73M were expected to close in Q4; $143M in proceeds was expected during the quarter.

• Remaining newbuilding and VLCC joint-venture installments totaled $1,295.9M; estimated commitments can be funded without debt financing.

• Four product tankers were fixed on three-year charters: two MRs at $23,900/day and two LR2s at $40,188/day and $42,500/day.

• Debt repayment schedule showed no maturities before 2028.