Strong Financial Results
Scorpio Tankers reported $123 million in adjusted EBITDA and $49 million in adjusted net income for the first quarter of 2025.
Debt Reduction and Balance Sheet Strengthening
The company has reduced debt by $2.2 billion since 2022, expanded revolving credit capacity, and lowered daily cash breakevens to $12,500 per day.
Liquidity Position
Scorpio Tankers has close to $1.4 billion in liquidity, including $400 million in cash and $838 million in undrawn revolving capacity.
Operational Upgrades
Completed special surveys and drydocking for 10 vessels, enhancing vessel efficiency and reducing the need for repositioning voyages.
Positive Market Outlook
Product tanker rates began the second quarter of 2025 at higher levels than the first quarter, with a constructive view on the crude and refined products market.