Scorpio Tankers (STNG)
NYSE:STNG
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Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.59Last Year’s EPS
1.41Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strong operational and financial picture: robust quarterly earnings (with some one-off vessel sale gains), a large and growing liquidity position, material net debt reduction to a pro forma net cash status, historically low cash breakevens, lower cost of capital, sizable share buyback authorization and a new dividend. Market fundamentals (inventory draws, longer voyage distances and constrained effective fleet growth) support a constructive outlook for tanker rates. Main negatives are geopolitical uncertainty around the Strait of Hormuz, temporary near-term demand declines and some reliance on vessel sale gains and committed newbuilding outflows. Overall, the positives—balance sheet strength, capital allocation flexibility, low breakevens and favorable market setup—outweigh the lowlights.Company Guidance
Strong Quarterly Results
Reported adjusted EBITDA of $214 million for Q1 2026 and management-reported adjusted net income of $151 million; CFO reported IFRS net income of $216 million (includes a $66 million gain on four vessel sales).
Large Cash and Liquidity Position
Cash balance approximately $1.4 billion as of May 1, 2026 (pro forma $1.8 billion including vessel sales) plus $712 million of revolver availability for total liquidity of ~ $2.5 billion.
Material Net Debt Reduction and Pro Forma Net Cash
Net debt reduced by $3.8 billion since December 2021 (from $2.9 billion net debt in 2021 to a pro forma net cash position of $876 million, actual net cash $479 million adjusted for pending vessel sales).
Very Low Cash Breakeven and Strong Cash Generation Potential
Daily cash breakeven ~ $11,000/day (lowest in company history). Illustrative annual cash generation: up to $260M at $20k/day, $548M at $30k/day, $836M at $40k/day and $1.1B at $50k/day.
Aggressive, Disciplined Capital Allocation
Announced $500 million share buyback authorization, instituted a quarterly dividend of $0.45/share, and repurchased ~1.3–1.4 million shares for ~$100 million in April; management emphasized continued opportunistic buybacks and disciplined payout philosophy.
Lower Cost of Capital
Issued $375 million convertible notes with a 1.75% coupon and high conversion premium; secured new $50 million Bank of America facility at 120 bps margin and seven-year tenor—management highlighted these as the lowest financing margins in company history.
Fleet Optimization and Realized Vessel Value
Sold 12 older vessels since the start of the year (including four sold in the quarter with a $66M gain) and reached agreements to sell nine additional vessels built in 2014–2015 at cyclically high prices, realizing value above original purchase levels.
Newbuilding Program with Manageable Commitments
Signed contracts to buy 10 newbuildings since November; remaining newbuilding commitments total ~ $641 million (only $69 million paid in 2026; ~80% of remaining installments due in 2027–2029). Management stated they could pay for all today in cash if desired.
Favorable Market Fundamentals—Inventory Draws and Tight Effective Supply
High-frequency refined product inventories down >80 million barrels year-to-date; U.S. refined product inventories drawn 12 of the last 13 weeks. Rerouting and longer voyage distances have tightened effective supply, supporting unprecedented average clean tanker earnings (management cited > $70,000/day).
Constrained Future Fleet Growth
Product tanker orderbook ~18% of existing fleet but effective product supply growth lower after adjusting for aging vessels, sanctioned capacity and LR2 crossover; management expects fleet growth ~3% average over next three years (potentially lower).
STNG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
STNG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 05, 2026 | $83.27 | $86.62 | +4.02% |
Feb 12, 2026 | $69.49 | $67.38 | -3.03% |
Oct 30, 2025 | $61.26 | $60.38 | -1.43% |
Jul 30, 2025 | $44.14 | $44.73 | +1.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Scorpio Tankers (STNG) report earnings?
Scorpio Tankers (STNG) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Scorpio Tankers (STNG) earnings time?
Scorpio Tankers (STNG) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STNG EPS forecast?
STNG EPS forecast for the fiscal quarter 2026 (Q2) is 5.59.