Scorpio Tankers Q3 Net Income $224.3M, Dividend Raised 67% to $0.75
STNG sits 82% above its 52-week low of $48.93.
Summary
Scorpio Tankers reported Q3 2026 net income of $224.3 million ($4.60 diluted EPS) and raised its quarterly dividend 67% to $0.75 per share, supported by $2.1 billion of cash.
Key Events · Earnings and Guidance · STNG
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Q3 Net Income $224.3 Million
Diluted EPS of $4.60 versus $1.73 a year earlier; revenue of $266.5 million produced TCE revenue of $249.1 million, up $16.2 million year over year on a fleet that shrank to 75.1 average vessels from 99.0.
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Dividend Raised 67% to $0.75
The board declared $0.75 per common share, up from $0.45, payable December 4, 2026 to holders of record November 13, 2026, against 51,078,851 shares outstanding.
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Adjusted Earnings $2.49 Per Share
Adjusted net income of $127.4 million strips out a $152.6 million gain on vessel sales and a $55.6 million non-cash fair value loss on the convertible-note derivative, which moves with the share price rather than reflecting cash or new dilution.
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Q4 Bookings Point Higher
So far in Q4 2026, LR2 spot TCE is $181,000 per day across 44% of expected days, MR $56,000 per day across 47%, and Handymax $40,000 per day across 37%.
Analysis · STNG · Energy & Transportation
The headline number is $224.3 million of Q3 2026 net income, up from $84.5 million a year earlier, but $152.6 million of that came from vessel sales; adjusted net income was $127.4 million, or $2.49 per diluted share. For holders, the bigger news is the dividend: the board lifted the quarterly payout to $0.75 from $0.45, a 67% increase, backed by $2.1 billion of unrestricted cash and a $483.2 million undrawn revolver. A $55.6 million fair value loss on the convertible-note derivative is a non-cash mark-to-market charge driven by the higher share price, not a cash outflow and not new dilution. Forward bookings remain strong, with LR2 spot TCE at $181,000 per day for 44% of Q4 days so far.
How filings like this one have moved
In the 30 days to Oct 29, 2026, 39% of the 991 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.56%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, STNG was trading at $89.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.4B. The 52-week trading range was $48.93 to $92.75. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.