Scorpio Tankers

Scorpio Tankers reports Q2 2026 TCE rates averaging $80,000/day for LR2 (88% coverage, 1,721 days), $53,000/day for MR (90%, 3,041 days) and $54,000/day for Handymax (80%, 1,169 days). Voyage rates outside pools and time charters were lower; a bareboat for an MR fetched $12,986/day. The company shows a gross margin of 68.85% and diluted earnings per share of $10.14 (last 12 months) and estimates the fully diluted weighted average number of shares outstanding for Q2 at 53–54 million. Scorpio owns 81 product tankers, has sale agreements for seven vessels as well as newbuild contracts for several MR, LR2 and VLCC units, and holds more cash than debt. » Plus sur de.investing.com

Scorpio Tankers announces a private placement of $150 million senior convertible notes, with a 1.75% coupon and maturity on April 15, 2031. The initial conversion rate is 9.9615 shares per $1,000 (conversion price approx. $100.39); an overallotment option of up to $22.5 million is included. Part of the net proceeds is intended for repurchases of common stock. The company reports high liquidity and a strong balance sheet, and the share is trading near its 52‑week high. » Plus sur de.investing.com

Scorpio Tankers reported a record quarter driven by balance-sheet strengthening, opportunistic vessel sales and fleet optimization, achieving a pro forma net cash position of $876 million and a $3.8 billion improvement since late 2021. Management cut cash breakevens to roughly $11,000/day, issued a 1.75% convertible bond to extend maturities, and authorized a $500 million buyback plus a $0.45 quarterly dividend with a goal of a sustainable permanent payout. The company expects a global restocking cycle to boost demand, plans limited fleet growth of about 3% over three years, and aims to reach $2 billion cash by early summer 2026 for opportunistic capital allocation. » Plus sur finance.yahoo.com