Core Viewpoint - Scorpio Tankers Inc. provided an update on its average daily Time Charter Equivalent (TCE) rates for the first and second quarters of 2026, along with details on its liquidity and outstanding debt [1][5]. TCE Rate Update First Quarter of 2026 - Average daily TCE revenue for LR2 tankers was $51,000 with 2,095 expected revenue days, and 97% of days contracted [2] - Average daily TCE revenue for MR tankers was $32,000 with 3,300 expected revenue days, and 97% of days contracted [2] - Average daily TCE revenue for Handymax tankers was $34,000 with 1,160 expected revenue days, and 95% of days contracted [2] Second Quarter of 2026 - Average daily TCE revenue for LR2 tankers is expected to be $101,000 with 1,780 expected revenue days, and 16% of days contracted [3] - Average daily TCE revenue for MR tankers is expected to be $36,500 with 3,273 expected revenue days, and 16% of days contracted [3] - Average daily TCE revenue for Handymax tankers is expected to be $32,000 with 1,170 expected revenue days, and 10% of days contracted [3] Liquidity and Debt Update - As of March 20, 2026, total outstanding debt was $589.056 million, down from $628.433 million as of December 31, 2025 [7] - Cash increased from $751.955 million to $974 million during the same period, resulting in net cash rising from $123.522 million to $384.944 million [7] - Availability under revolving credit facilities decreased from $783.876 million to $747.481 million [7] Company Overview - Scorpio Tankers Inc. operates a fleet of 89 product tankers, including 33 LR2, 42 MR, and 14 Handymax tankers, with an average age of 10.1 years [8] - The company has agreements to sell one LR2 and two MR product tankers, expected to close in the second quarter of 2026 [8] - Scorpio Tankers has also secured agreements for four MR newbuildings and four LR2 newbuildings, with deliveries expected between 2026 and 2029 [8]

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]

Group 1 - Scorpio Tankers Inc. has entered into agreements to time charter-out two LR2 product tankers, STI Rose and STI Alexis, for five years at a rate of $29,000 per vessel per day, expected to commence in Q1 2026 [1] - The company currently owns or leases 93 product tankers, including 37 LR2 tankers, with an average age of 9.8 years [2] - Scorpio Tankers has agreements to sell three LR2 product tankers, expected to close in Q1 2026, and has reached agreements for four MR newbuildings under construction with deliveries expected in 2026 and 2027 [2] Group 2 - The company has two VLCC newbuildings with deliveries expected in the second half of 2028 and two LR2 newbuildings with deliveries expected in Q3 2027 [2] - Additional information about the company can be found on its website [2]

Core Viewpoint - Scorpio Tankers Inc. reported a significant decline in net income for the first quarter of 2025 compared to the same period in 2024, alongside a quarterly cash dividend declaration of $0.40 per share [1][6]. Financial Performance - For the three months ended March 31, 2025, the company had a net income of $58.2 million, or $1.26 basic and $1.22 diluted earnings per share, compared to a net income of $214.2 million, or $4.29 basic and $4.11 diluted earnings per share for the same period in 2024 [2][4]. - Adjusted net income for Q1 2025 was $49.0 million, or $1.06 basic and $1.03 diluted earnings per share, excluding a $9.4 million fair value gain and a $0.3 million loss on debt extinguishment [3]. - Total vessel revenue for Q1 2025 was $213.98 million, down from $391.34 million in Q1 2024, with TCE revenue decreasing to $204.2 million from $389.76 million [27][31]. Revenue and Costs - Average daily TCE revenue decreased to $23,971 per vessel in Q1 2025 from $39,660 in Q1 2024, with the average number of vessels decreasing from 110.9 to 99.0 [27][39]. - Vessel operating costs for Q1 2025 were $70.6 million, down from $78.1 million in Q1 2024, while average daily vessel operating costs increased to $7,924 from $7,743 [27][39]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.40 per common share, with a payment date set for June 16, 2025 [6]. Debt and Liquidity - As of April 30, 2025, the company had $397.0 million in unrestricted cash and cash equivalents, and $838.2 million of undrawn revolver capacity [15]. - The company has $173.4 million available under its 2023 Securities Repurchase Program [9]. Recent Significant Events - In April 2025, the company entered into a time charter-out agreement for a Handymax product tanker at an average rate of $24,000 per day [12]. - The company redeemed $70.6 million of its Unsecured Senior Notes due 2025 and placed $200.0 million of new senior unsecured bonds due 2030 at a fixed coupon rate of 7.50% [18][17]. Drydock and Off-Hire Update - The company reported drydock activity and estimated off-hire days for Q1 2025, with actual aggregate costs of $24.7 million and 388 off-hire days [23][24].