Jun 2026 (Q2 FY26) — Jul 30, 2026
Scorpio Tankers Q2 FY26 — Record Earnings and Balance Sheet Transformation
Read the full callScorpio Tankers (STNG) earnings
- Jun 2026 (Q2 FY26)
- Dec 2025
Scorpio Tankers earnings: last reported Thu, 30 Jul 2026, for the quarter ended Jun 2026.
Guidance
What management said, and what became of it
4 of 5 judged targets kept · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Cash position | $2 billion, early in the summer of 2026 | Mar 2026 | We had $2.2 billion in cash as of July 28, and an additional $483 million in availability under revolving credit facilities for a total of $2.4 billion in available liquidity. | Achieved |
| Repayment of sale-leaseback vessel purchase options (Ocean Yield, 3 vessels) | $65.7 million total: 2 vessels in 2025, 1 vessel by February 2026 | Mar 2025 | Ghosted |
1 of Scorpio Tankers Inc.'s 5 targets was missed. See which ones, and which are quietly gone. The 2 above are the free sample; 3 more targets are in the full ledger.
Claimed
- Generated adjusted EBITDA in excess of $300 million and adjusted net income of $243.7 million, marking the strongest quarter in company history.
- Strengthened financial position with cash exceeding $1.9 billion and a net cash position of $1.3 billion, equivalent to $26 per share.
- Completed a convertible bond issuance of $605 million at a yield to maturity below 1%, replacing higher-cost debt and reducing cash breakeven to below $11,000 per day.
- Returned over $175 million to shareholders through the repurchase of 2 million shares for $155 million and a quarterly dividend of $0.45 per share.
- Optimized fleet by selling 19 older vessels at attractive prices and taking delivery of the first MR newbuilding, STI Moxie, with 13 vessels remaining on order.
Qualified
- Freight rates have moderated from exceptional levels experienced earlier in the year, though they remain above $30,000 per day.
- Geopolitical developments, particularly in the Middle East, continue to create uncertainty, with recent attacks on commercial vessels in the Red Sea.
Price
$80.8 −0.80% · −$0.65
Performance +40.6% 1Y
1Y: $57.47 on 17 Oct 2025 → $80.8. High $88.75 (13 Oct 2026), low $49.51 (5 Jan 2026).
- Previous close
- $81.45
- 52-week range
- $49.51 – $88.75
- One year
- +39.45%
Overview
- Symbol
- STNG
- Sector
- Industrials
- Industry
- Deep Sea Foreign Transportation of Freight
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
4 of 5 judged targets kept · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Cash position | $2 billion, early in the summer of 2026 | Mar 2026 | We had $2.2 billion in cash as of July 28, and an additional $483 million in availability under revolving credit facilities for a total of $2.4 billion in available liquidity. | Achieved |
| Repayment of sale-leaseback vessel purchase options (Ocean Yield, 3 vessels) | $65.7 million total: 2 vessels in 2025, 1 vessel by February 2026 | Mar 2025 | Ghosted |
Claimed
- Generated adjusted EBITDA in excess of $300 million and adjusted net income of $243.7 million, marking the strongest quarter in company history.
- Strengthened financial position with cash exceeding $1.9 billion and a net cash position of $1.3 billion, equivalent to $26 per share.
- Completed a convertible bond issuance of $605 million at a yield to maturity below 1%, replacing higher-cost debt and reducing cash breakeven to below $11,000 per day.
- Returned over $175 million to shareholders through the repurchase of 2 million shares for $155 million and a quarterly dividend of $0.45 per share.
- Optimized fleet by selling 19 older vessels at attractive prices and taking delivery of the first MR newbuilding, STI Moxie, with 13 vessels remaining on order.
Qualified
- Freight rates have moderated from exceptional levels experienced earlier in the year, though they remain above $30,000 per day.
- Geopolitical developments, particularly in the Middle East, continue to create uncertainty, with recent attacks on commercial vessels in the Red Sea.
The full ledger
Open Scorpio Tankers Inc.’s full ledger
A free account opens 5 company ledgers a month. All 5 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Scorpio Tankers Q1 FY26 — Strong Earnings, Strategic Capital Allocation, and Fleet Optimization
Read the full callEvery analysed call
Scorpio Tankers earnings calls (STNG)
Financials
What the filings say
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total liabilities | 2,945 | 3,187 | 3,093 | 3,177 | 2,052 | 1,675 | 968 | 719 |
| Fixed assets | 3,998 | 4,008 | 4,003 | 3,842 | 3,089 | 3,578 | 3,191 | 2,741 |
| Total assets | 4,784 | 5,164 | 5,159 | 5,014 | 4,559 | 4,229 | 3,834 | 3,918 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 58 | 210 | 419 | 73 | 769 | 865 | 825 | 491 |
| Cash from investing | -53 | -207 | -174 | -52 | 572 | 44 | 308 | 272 |
| Cash from financing | 402 | -394 | -260 | 22 | -1,195 | -930 | -1,156 | -344 |
| Net cash flow | 407 | -391 | -15 | 43 | 146 | -21 | -23 | 419 |
| Capital expenditure | -26 | -3 | 0 | 0 | — | — | — | -573 |
| Free cash flow | 32 | 207 | 419 | 73 | — | — | — | -81 |
STNG operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Vessels sold | 4This includes a $66 million gain on the sale of 4 vessels during the quarter.Source: earnings call transcript | 15We also closed on the sales of 15 vessels, all at cyclically high prices.Source: earnings call transcript | +275% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
19 filings between May 4, 2026 and Sep 25, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$18.97B
7 sales by 6 insiders
Compensation
not trading decisions- 12
- Award — granted as compensation
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Okland Marianne | — | $18.46B | Jun 22, 2026 |
| Camerana Niccolo | — | $478.31M | Jul 10, 2026 |
| BUGBEE ROBERT L | — | $22.16M | Sep 17, 2026 |
| Mackey Cameron Keyser | — | $11.13M | Sep 17, 2026 |
| Avella Christopher John | — | $4.89M | Sep 16, 2026 |
| Adelborg Auste | — | $612.6K | Sep 17, 2026 |
Latest filings (19)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 25, 2026 | Lauro Emanuele Chief Executive Officer | Award | 240,495 | $19.52M |
| Sep 25, 2026 | Mackey Cameron Keyser Chief Operating Officer | Award | 168,346 | $13.66M |
| Sep 25, 2026 | Avella Christopher John Chief Financial Officer | Award | 72,148 | $5.86M |
| Sep 25, 2026 | Lauro Filippo Vice President | Award | 129,600 | $10.52M |
| Sep 25, 2026 | BUGBEE ROBERT L President | Award | 240,495 | $19.52M |
| Sep 25, 2026 | Lanzara Andrea Lupo Director | Award | 5,342 | $433.5K |
| Sep 25, 2026 | Mattarella Antonino Maria Director | Award | 7,027 | $570.3K |
| Sep 17, 2026 | Mackey Cameron Keyser Chief Operating Officer | Sale | 125,000 | $11.13M |
| Sep 17, 2026 | BUGBEE ROBERT L President | Sale | 25,000 | $2.18M |
| Sep 17, 2026 | Adelborg Auste Secretary | Sale | 6,834 | $612.6K |
| Sep 16, 2026 | BUGBEE ROBERT L President | Sale | 231,799 | $19.98M |
| Sep 16, 2026 | Avella Christopher John Chief Financial Officer | Sale | 56,500 | $4.89M |
| Jul 10, 2026 | Camerana Niccolo Director | Sale | 2,500 | $478.31M |
| Jun 22, 2026 | Okland Marianne Director | Sale | 15,000 | $18.46B |
| May 4, 2026 | Okland Marianne Director | Award | 7,500 | $4.70B |
| May 4, 2026 | Camerana Niccolo Director | Award | 7,500 | $4.70B |
| May 4, 2026 | Kumar Sujata Parekh Director | Award | 7,500 | $4.70B |
| May 4, 2026 | Henriksen Berit Ledel Director | Award | 7,500 | $4.70B |
| May 4, 2026 | Kumar Sujata Parekh Director | Award | 7,500 | $4.70B |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
Your own record
Start an Inve Case for Scorpio Tankers Inc.
Free account. Everything above stays public.
Write why you follow Scorpio Tankers Inc. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading