Scorpio Tankers Q2 Net Income Soars to $387.5M, Declares $0.45 Dividend
STNG sits 79% above its 52-week low of $43.78.
Summary
Scorpio Tankers reported Q2 2026 net income of $387.5 million ($8.47 basic EPS), a massive jump from $73.5 million a year ago, driven by strong tanker markets and vessel sale gains, though profit missed estimates. Adjusted net income was $243.7 million ($5.33 basic EPS), excluding one-time items. The board declared a $0.45 quarterly dividend, payable August 31. This follows a series of aggressive capital moves—$500M buyback authorization, convertible note offerings, and debt redemptions—and robust TCE rates reported in June. The Q3 update shows continued strong spot and time charter rates, signaling the upcycle persists. With a $4B market cap, these results reinforce the company's cash generation and shareholder returns.
At the time of this announcement, STNG was trading at $78.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.1B. The 52-week trading range was $43.78 to $87.39. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.