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Scorpio Tankers Inc. Announces that on February 12, 2026, the Company Plans to Issue Its Fourth Quarter 2025 Results and Have a Conference Call
Globenewswire· 2026-01-28 21:30
MONACO, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or the "Company") announced today that on Thursday, February 12, 2026, the Company plans to issue its fourth quarter 2025 earnings press release in the morning (Eastern Standard Time) and host a conference call at 9:00 AM Eastern Standard Time and 3:00 PM Central European Time. Conference Call Information Title: Scorpio Tankers Inc. Fourth Quarter 2025 Conference Call Date: Thursday February 12, 2026 Time: 9:00 A ...
Scorpio Tankers Sees Sharp Upswing In Product Shipping Rates
Benzinga· 2026-01-28 15:55
Capital Link 2026 Corporate Presentation SeriesTo watch the full discussion please visit the following link:https://www.youtube.com/watch?v=Jcpfc1dX4d0A Strengthening MarketPresident Robert Bugbee started off highlighting that spot rates have moved continuously stronger, a trend continuing even as we speak today. He pointed to strong time charter demand from a diversified group including national oil companies, traders, and other owners, and rising prices for modern tankers. He also noted that activity in t ...
Bank of America Downgrades Scorpio Tankers (STNG) as Freight Rates Near Peak Levels
Yahoo Finance· 2026-01-19 04:39
Core Viewpoint - Scorpio Tankers Inc. has been downgraded by Bank of America due to expectations that freight rates are nearing peak levels, which could impact future earnings and market dynamics [2] Financial Position - As of January 9, 2026, Scorpio Tankers reported having $783.9 million available under its revolving credit facilities [3] - The company has been actively managing its debt and liquidity, indicating a strategic approach to financial stability [3] Asset Management - Scorpio Tankers has sold its remaining 3,551,794 shares in DHT Holdings at an average price of $13.40 per share [4] - The company completed the sale of the 2020-built MR tanker STI Maestro for $42.0 million and three 2014-built MR tankers for $32.0 million each [4] - In December 2025, Scorpio closed deals selling the 2014-built MR tanker STI Yorkville for $32.0 million and the 2019-built LR2 tanker STI Lobelia for $61.2 million [5] Fleet Overview - Scorpio Tankers operates a fleet of 93 product tankers, including 37 LR2 vessels, 42 MR tankers, and 14 Handymax tankers, with an average fleet age of 9.8 years [5]
Scorpio Tankers Inc. (STNG) Presents at Capital Link's 2026 Virtual Corporate Presentation Series - Slideshow (NYSE:STNG) 2026-01-14
Seeking Alpha· 2026-01-14 17:34
Group 1 - The article does not contain relevant content regarding company or industry insights [1]
Scorpio Tankers (NYSE:SBBA) 2026 Conference Transcript
2026-01-14 16:02
Summary of Scorpio Tankers Conference Call Company Overview - **Company**: Scorpio Tankers (NYSE: STNG) - **Industry**: Marine transportation of petroleum products - **Fleet**: 93 product tankers with an average age of 9.8 years - **Market Capitalization**: $2.9 billion - **Daily Trading Liquidity**: $50 million - **Net Cash Position**: $383 million - **Trailing 12-Month EBITDA**: $520 million - **Debt Repayment**: $2.5 billion in the last few years - **Shareholder Returns**: Over $1 billion in share repurchases and dividends [6][7][15] Market Conditions - **Current Market Sentiment**: Transition from "quietly optimistic" to "bullish" in the product market over the past 30 days [4] - **Rate Trends**: Continuous strengthening of rates; spot rates for MRs at $32,000 per day and LR2s at $47,000 per day [10] - **Demand Growth**: Anticipated increase in demand for refined products by 1.2% this year, equating to nearly 1 million barrels per day [11] - **Seaborne Exports**: Averaged 21 million barrels per day last year, expected to continue [11] - **Ton-Mile Demand**: Increased by approximately 20% since 2019 due to structural shifts in global refining capacity [11] Fleet and Operational Strategy - **Fleet Composition**: 93 vessels including 14 Handymax, 42 MRs, and 37 LR2 tankers [7] - **Operating Strategy**: Focus on maintaining a high-quality fleet and strong balance sheet to generate attractive returns and return capital to shareholders [7] - **Age Profile of Fleet**: 21% of the product tanker fleet is older than 20 years; expected to rise to 31% by 2028 [13][14] Geopolitical and Market Dynamics - **Geopolitical Events**: Ongoing impacts from geopolitical events, including disruptions in Russian refined product exports and changes in Venezuelan crude exports [11][36] - **Venezuelan Exports**: Averaged 700,000 barrels per day last year, with potential demand for 23 additional Aframax LR2 vessels if exports increase [12] - **Sanctioned Vessels**: Approximately 26% of the Aframax LR2 fleet and 9% of the Handymax MR fleet are sanctioned, with an average age of 20-21 years [14] Financial Position and Capital Allocation - **Liquidity Position**: Total liquidity of approximately $1.7 billion, including $992 million in cash and $784 million in undrawn revolving credit [16] - **Cash Break-Even**: Reduced to $11,000 per day, allowing for positive cash flow across historical periods [17] - **Dividend Policy**: Regular dividend policy aimed at increasing over time, with no plans for extraordinary dividends [32] Future Outlook - **Market Fundamentals**: Strong fundamentals driven by structural shifts in global refining, longer trade routes, and an aging fleet [15] - **Investment Strategy**: Focus on maintaining a conservative balance sheet and sustainable dividend growth through market cycles [48] - **New Builds**: Ordered eight new vessels last year, with a strategy to continue fleet renewal selectively [29] Key Takeaways - The company is well-positioned in a strengthening market with a robust financial position and a strategic focus on fleet quality and shareholder returns - Demand for refined products and seaborne exports is expected to grow, supported by geopolitical dynamics and structural changes in refining capacity - The aging fleet and high proportion of sanctioned vessels may limit effective supply growth, potentially leading to higher rates in the future [14][15]
Scorpio Tankers (NYSE:SBBA) 2026 Earnings Call Presentation
2026-01-14 15:00
January 14, 2026 Scorpio Tankers Inc. Capital Link Presentation Disclaimer and Forward-looking Statements This presentation includes "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Scorpio Tankers Inc.'s ("Scorpio's") current views with respect to future events and financial performance. The words "believe," "anticipate," "intend," "estimate," "forecast," "project," " ...
Scorpio Tankers Poised For Repricing Amid Venezuelan Oil Shift
Seeking Alpha· 2026-01-14 13:28
Core Insights - Scorpio Tankers (STNG) stock has experienced a decline for most of 2025 but ended the previous year with a slight profit in terms of price appreciation [1] - In 2026, STNG has shown movement, indicating potential changes in its stock performance [1] Company Overview - Scorpio Tankers is involved in the shipping industry, specifically focusing on the transportation of refined petroleum products [1] - The company has been analyzed by Oakoff Investments, which provides insights into balancing growth and value through proprietary Wall Street information [1] Investment Analysis - Beyond the Wall Investing offers features such as a fundamentals-based portfolio, weekly analysis from institutional investors, and alerts for short-term trade ideas based on technical signals [1] - The investment group aims to assist readers in making informed decisions regarding their portfolios [1]
Wall Street Bullish on Scorpio Tankers (STNG) as Company Signs New Charter Agreements
Yahoo Finance· 2026-01-14 05:24
Company Overview - Scorpio Tankers Inc. (NYSE:STNG) is engaged in the seaborne transportation of refined petroleum and crude oil products globally, with a fleet consisting of 99 owned and leased financed tankers as of March 20, 2025 [4] - The company was founded in 2009 and is based in Monaco [4] Fleet and Operations - The company currently owns or leases a fleet of 93 product tankers with an average age of 9.8 years, including 42 MR tankers, 14 Handymax tankers, and 37 LR2 tankers [2] - Scorpio Tankers has entered into five-year time charter agreements for two LR2 product tankers, STI Rose and STI Alexis, at a daily rate of $29,000 per vessel, scheduled to begin in the first quarter of 2026 [1] - The firm has agreed to sell three LR2 product tankers, with closings expected in the first quarter of 2026 [2] - The company has 4 MR newbuildings expected to be delivered in 2026 and 2027, two LR2 newbuildings due in the third quarter of 2027, and two VLCC newbuildings with planned delivery in the second half of 2028 [2] Analyst Ratings and Market Potential - BTIG analyst Gregory Lewis reaffirmed a Buy rating on Scorpio Tankers, with a price target of $75, implying a further 36.4% upside from current levels, consistent with the median Wall Street analysts' upside of 35% [3]
Scorpio Tankers Inc. Announces Update on its Liquidity, Outstanding Debt, and Vessel Purchase Commitments
Globenewswire· 2026-01-13 11:44
Core Viewpoint - Scorpio Tankers Inc. provided an update on its liquidity, outstanding debt, and newbuilding vessel commitments, highlighting significant changes in its financial position and ongoing vessel sales [1]. Liquidity and Debt Update - As of January 9, 2026, the total secured debt decreased to $409.2 million from $628.7 million as of September 30, 2025. The total debt also reduced to $628.4 million from $896.6 million [2]. - The company has $783.9 million available under its revolving credit facilities as of January 9, 2026 [2]. - Cash increased to $793.2 million as of January 9, 2026, compared to $603.2 million previously, resulting in a net cash position of $(164.7) million [2]. Vessel Sales - The company sold 3,551,794 common shares in DHT Holdings Inc. at an average price of $13.40 per share [3]. - In November and December 2025, the company completed sales of several MR product tankers, including STI Maestro for $42.0 million and STI Lobelia for $61.2 million [3][4]. Debt Repayments - Significant debt repayments occurred in late 2025, including a $29.2 million prepayment on the 2023 $225.0 Million Revolving Credit Facility and a $34.0 million prepayment on the 2023 $117.4 Million Credit Facility [7]. - The company also prepaid various amounts on other credit facilities, reducing future payment obligations [7]. Newbuilding Commitments - The company has commitments for newbuilding vessels, including two VLCCs expected to be delivered in the second half of 2028, two LR2s in the third quarter of 2027, and four MRs with staggered deliveries in 2026 and 2027 [5][6]. - Total newbuilding purchase commitments amount to $572.8 million, with payments scheduled from Q1 2026 through 2028 [6]. Company Overview - Scorpio Tankers Inc. operates a fleet of 93 product tankers, with an average age of 9.8 years, and has agreements to sell four LR2 product tankers expected to close in early 2026 [8].
BofA Downgrades Scorpio Tankers on Peak Earnings Concerns
Financial Modeling Prep· 2026-01-09 22:10
Core Viewpoint - Scorpio Tankers has been downgraded to Underperform from Buy by BofA Securities, with a reduced price target of $53 from $67, reflecting concerns over peak earnings and future rate declines [1][3] Group 1: Downgrade and Price Target - BofA Securities downgraded Scorpio Tankers, lowering the price target to $53, which is based on a 5.0x multiple applied to estimated 2026 EBITDA, down from a prior 6.0x multiple [1] - Following the downgrade, shares of Scorpio Tankers fell more than 3% intraday [1] Group 2: Management Decisions and Market Outlook - The decision by Scorpio Tankers to lock in additional time-charter contracts indicates that management perceives current tanker rates as nearing peak levels [2] - BofA also highlighted the potential for a peace agreement between Russia and Ukraine, which could release additional product tanker capacity and exert downward pressure on freight rates [2] Group 3: Earnings and Rate Trends - BofA views Scorpio Tankers' earnings as approaching peak levels, with expectations that rates will trend lower in the future, leading to the downgrade [3]