Scorpio Tankers(US:STNG) Globenewswire·2026-01-13 11:44Core 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].