Scorpio Tankers Inc. (STNG)

The company now

Scorpio Tankers reported net income of $224.3 million, or $4.60 diluted earnings per share, for the third quarter of 2026 in a release of 28 October 2026 1. The quarter included a $152.6 million gain on sales of vessels and a $55.6 million fair value loss on financial liabilities 1. Without both items, adjusted net income was $127.4 million, against $72.7 million a year earlier 1.

Time charter equivalent revenue, which is vessel revenue less voyage costs such as fuel and port charges, rose to $249.1 million from $232.9 million, even though the average fleet shrank to 75.1 vessels from 99.0 1. Average daily earnings per vessel rose to $37,508 from $26,231 1. The company called it a substantially stronger product tanker market and pointed to the conflict in the Middle East, which lengthened refined product voyages 1.

The board declared a quarterly dividend of $0.75 per share, payable on 4 December 2026 to holders of record on 13 November 2026, up from the $0.45 paid in August 2026 1. The company held $2.1 billion in unrestricted cash as of 26 October 2026 1.

In October 2026 the company bought 2,400,000 shares of Volare Shipping Ltd. for $38.4 million, a passive stake of about 3.4 percent in a company that owns large crude tankers 1. Its order book now includes four very large crude carriers, called VLCCs, beside product tankers 1.

As of Nov 4, 2026. Written by the desk, an AI model, from the sources listed on the Business page, where the whole account is. Nothing here is advice.