Traders should consider accumulating STNG given the strong earnings beat and bullish Q2 guidance (LR2 TCE ~$96k/day, MR ~$66k/day). The $500M buyback and $0.45 dividend provide downside support. Monitor tanker rate sustainability and any fleet sales execution risk.
Price Chart
Executive Summary
Scorpio Tankers reported Q1 2026 net income of $216.3M ($4.58 basic EPS), a sharp increase from $58.2M in Q1 2025, driven by a 48% surge in TCE revenue to $303M on stronger product tanker rates. The board declared a $0.45 dividend and replenished the buyback program to $500M.
Key Facts
- Q1 2026 net income $216.3M vs $58.2M YoY
- Adjusted diluted EPS $3.02 vs $1.03 YoY
- TCE revenue $303M (+48% YoY) despite fleet reduction to 91 vessels
- Dividend declared at $0.45/share (June 15 payment date)
- Share repurchase program replenished to $500M plus $375M convertible notes issued April 2026
Financial Impact
Revenue and earnings more than tripled year-over-year; adjusted net income rose to $150.9M from $49.0M
Risk Factors
- Cyclical tanker rates could decline if demand weakens or fleet oversupply emerges
- Convertible notes (1.75% due 2031) may dilute equity if converted
- Vessel sales and newbuilding commitments increase execution risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001483934-26-000042 |
| Document: stng6k-q12026epr.htm | 0001483934-26-000042 |
| Document: 0001483934-26-000042-index-headers.html | 0001483934-26-000042 |
| Document: 0001483934-26-000042-index.html | 0001483934-26-000042 |
| Document: 0001483934-26-000042.txt | 0001483934-26-000042 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 4, 2026 28d ago | 144 | $82.12 $85.73 | ▼ −4.40% | ▼ −5.51% | $86.23 (−5.00%) |
Jun 18, 2026 15w ago | Press Release | $80.58 $75.46 | ▼ −6.35% | ▼ −4.69% | $86.23 (+7.01%) |
May 28, 2026 18w ago | 6-K | $74.51 $75.96 | ▲ +1.95% | ▲ +4.47% | $86.23 (+15.73%) |
May 27, 2026 18w ago | Press Release | $77.70 $75.04 | ▼ −3.42% | ▼ −4.63% | $86.23 (+10.98%) |
May 8, 2026 21w ago | Press Release | $84.41 $82.72 | ▼ −2.00% | ▼ −3.47% | $86.23 (+2.16%) |
May 5, 2026 21w ago | 6-K | $82.56 $83.51 | ▲ +1.15% | ▲ +0.02% | $86.23 (+4.45%) |
May 5, 2026 21w ago | Press Release | $86.62 $85.15 | ▼ −1.70% | ▼ −3.68% | $86.23 (−0.45%) |
Apr 21, 2026 23w ago | 6-K | $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $86.23 (+13.51%) |
Apr 21, 2026 23w ago | 6-K | $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $86.23 (+13.51%) |
Apr 10, 2026 25w ago | Press Release | $76.45 $76.89 | ▲ +0.58% | ▼ −2.72% | $86.23 (+12.79%) |
US Market Status
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