MONACO, March 25, 2026 (GLOBE NEWSWIRE) -- Scorpio Tankers Inc. (NYSE:STNG) (“Scorpio Tankers,” or the “Company”) announced today an update on its first quarter and second quarter of 2026 average daily Time Charter Equivalent (“TCE”) rates, and its liquidity and outstanding debt. First and Second Quarters 2026 TCE Rate Update Below is a summary of the average daily TCE revenue and duration of contracted voyages and time charters for the Company’s vessels (both in the pools and outside of the pools) thus far ...

Company Overview - Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide, currently owning 89 product tankers, which include 33 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 10.1 years [3] - The company has agreements to sell one LR2 product tanker and two MR product tankers, expected to close in the first or second quarter of 2026 [3] - Scorpio Tankers has also reached agreements for four MR newbuildings currently under construction, with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029, and two VLCC newbuildings with deliveries expected in the second half of 2028 [3] Financial Reporting - The company filed its Annual Report on Form 20-F for the year ended December 31, 2025, with the Securities and Exchange Commission, which can be accessed on the company's website [1] - Shareholders can request a hard copy of the Annual Report, which includes the complete 2025 audited financial statements, free of charge [2]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ¨ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to _________________ OR ¨ SHELL COMPANY REPOR ...

Core Viewpoint - BofA Securities has raised its price target for Scorpio Tankers to $70 from $61 while maintaining an Underperform rating, reflecting a cautious outlook despite recent positive developments in tanker rates [1]. Financial Estimates - The analyst increased first-quarter 2026 earnings estimates by 17% to $2.73 per share and full-year 2026 estimates by 3% to $6.35 per share, driven by a surge in product tanker rates following disruptions in vessel activity due to U.S.–Iran tensions [2]. - The revisions in earnings estimates were made despite Scorpio's sale of three vessels, which reduced its fleet size [2]. Market Conditions - Traffic through the Strait of Hormuz has dropped by over 90%, significantly impacting shipping routes, but historical trends suggest that such disruptions do not lead to prolonged shutdowns [3][4]. - BofA has raised its first-quarter LR2 tanker rate forecast to $47,000 per day from $43,000 per day and increased its MR tanker rate outlook to $27,700 per day from $25,700 per day, indicating a positive shift in market conditions [3]. Valuation Metrics - BofA maintained its Underperform rating while raising its price objective to $70, applying a 6.0x multiple to its 2026 EBITDA estimate, up from 5.25x previously, which still reflects concerns about rising vessel capacity and potential geopolitical changes [5]. - The revised valuation remains below the midpoint of Scorpio's five-year trading range of 4.5x to 8.5x EBITDA, indicating ongoing caution in the market [5].

Scorpio Tankers Inc. (NYSE:STNG) is one of the best marine shipping stocks to buy right now. Scorpio Tankers Inc. (STNG): Strategic Tanker Sales and Solid Cash Flow Highlight Growth Potential On March 5, Scorpio Tankers Inc. (NYSE:STNG) announced agreements to sell three 2015-built scrubber-fitted tankers: MR vessels STI Seneca and STI Osceola at $35 million each, and LR2 tanker STI Solidarity for $60 million, with closings expected in Q1 or Q2 2026. The vessels carry $20.2 million in debt under the com ...

Core Viewpoint - Scorpio Tankers Inc. has announced agreements to sell three product tankers and time charter-out two product tankers, indicating a strategic move to optimize its fleet and financial position [1]. Vessel Sales - The company has entered into agreements to sell two 2015 built scrubber-fitted MR product tankers, STI Seneca and STI Osceola, for $35.0 million each, and a 2015 built scrubber-fitted LR2 product tanker, STI Solidarity, for $60.0 million. The sales are expected to close within the first or second quarter of 2026 [2]. - These vessels are currently financed under the company's 2023 $1.0 billion credit facility, with an aggregate outstanding debt balance of $20.2 million [2]. Time Charter-Out Agreements - The company has entered into agreements to time charter-out two LR2 product tankers, STI Lombard and STI Rambla. The charter for STI Lombard is for five years at a rate of $33,000 per day, while the charter for STI Rambla is for eight years at a rate of $30,500 per day. These charters are expected to commence in the first or second quarter of 2026 [3]. Company Overview - Scorpio Tankers Inc. is a provider of marine transportation of petroleum products worldwide, currently owning 90 product tankers, which include 34 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 10.1 years [4]. - The company has agreements to sell two LR2 product tankers and two MR product tankers, with expected closure in the first or second quarter of 2026. Additionally, it has agreements for four MR newbuildings under construction, with deliveries expected in 2026 and 2027, four LR2 newbuildings with deliveries expected in 2027 and 2029, and two VLCC newbuildings with deliveries expected in the second half of 2028 [4].

Core Viewpoint - Scorpio Tankers has significantly improved its financial position, transitioning from a net debt of $3.1 billion in 2021 to a net cash position of approximately $332 million by early 2026 [1] Financial Performance - The company has reduced its net debt from $3.1 billion in 2021 to a net cash position of roughly $332 million as of early 2026 [1]

Core Viewpoint - Scorpio Tankers Inc. has demonstrated strong financial performance in Q4 2025, exceeding earnings and revenue estimates, while also increasing its dividend, indicating robust operational efficiency and commitment to shareholder value [2][3][4]. Financial Performance - The company reported earnings of $1.62 per share for Q4 2025, surpassing the Zacks Consensus Estimate of $1.37, resulting in an earnings surprise of +18.21% [2][6]. - Scorpio Tankers generated $241.42 million in revenue for the quarter, which is 9.21% higher than the Zacks Consensus Estimate and a significant increase from $192.15 million in the same period last year [3][6]. - The net income for Q4 2025 was $128.1 million, translating to $2.72 basic and $2.59 diluted earnings per share, with an adjusted net income of $80 million, or $1.70 basic and $1.62 diluted earnings per share [4]. Shareholder Returns - The company announced an increase in its quarterly cash dividend to $0.45 per share, reflecting its commitment to returning value to shareholders [4][6]. Stock Performance - The stock is currently priced at $70.51, with a 4.04% increase, and has fluctuated between a low of $67.16 and a high of $70.57 on the day [5]. - Over the past year, the stock reached a high of $71.48 and a low of $30.63, with a market capitalization of approximately $3.65 billion [5].

Group 1: Scorpio Tankers (NYSE:STNG) - Scorpio Tankers is a leading entity in the shipping industry, focusing on the transportation of refined petroleum products with a modern fleet of tankers [1] - As of February 13, 2026, a price target of $83 has been set for STNG, indicating a potential upside of 17.71% from its current trading price of $70.51 [1] - The stock has recently experienced a price increase of $2.74, marking a 4.04% rise, with a trading range between $67.16 and $70.57 [2] - Over the past year, STNG has hit a high of $71.48 and a low of $30.63, demonstrating significant growth potential [2] - The company's market capitalization stands at approximately $3.65 billion, highlighting its significant market presence [2] Group 2: Stinger Resources Inc. (CSE:STNG) - Stinger Resources has successfully completed a non-brokered private placement, raising $160,000 by issuing 3.2 million units at $0.05 per unit [3] - The securities issued are subject to a hold period expiring on June 14, 2026, in line with CSE policies and applicable securities laws [3] - Certain directors and officers of Stinger Resources participated in the offering, acquiring 1.4 million units for $70,000, indicating confidence in the company's future prospects [4] - This transaction is deemed a related party transaction under Multilateral Instrument 61-101, designed to protect minority security holders in special transactions [4]

Core Viewpoint - Stinger Resources Inc. has successfully closed a non-brokered private placement, raising a total of $160,000 by issuing 3,200,000 units at a price of $0.05 per unit [1]. Group 1: Offering Details - The private placement was announced on January 7, 2026, and involved no finder's fees [1]. - All securities issued under the Offering are subject to a hold period that expires on June 14, 2026, in accordance with CSE policies and applicable securities laws [2]. Group 2: Insider Participation - Certain directors and officers of the Company participated in the Offering, purchasing 1,400,000 units for gross proceeds of $70,000 [3]. - This insider participation is classified as a related party transaction and is exempt from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value of the securities did not exceed 25% of the Company's market capitalization [3]. Group 3: Company Overview - Stinger Resources Inc. holds interests in gold and silver properties in British Columbia, including the 100% owned Dunwell Mine, which is located in the "Golden Triangle" [5]. - The Company also owns the Gold Hill property and the Silver Side property, along with an optioned interest in the Ample Goldmax property in British Columbia [6].