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Scorpio Tankers Inc. Announces Financial Results for the Fourth Quarter of 2025 and an Increase to Its Quarterly Dividend

STNG
  • Scorpio Tankers Inc. reported net income of $128.1 million ($2.72 basic, $2.59 diluted EPS) for the three months ended December 31, 2025, compared to $68.6 million ($1.48 basic, $1.43 diluted EPS) in the same period of 2024.
  • Adjusted net income for the three months ended December 31, 2025, was $80.0 million ($1.70 basic, $1.62 diluted EPS), excluding gains on vessel sales, fair value changes, and debt extinguishment costs.
  • For the full year 2025, the Company reported net income of $344.3 million ($7.40 basic, $7.03 diluted EPS) and adjusted net income of $269.5 million ($5.79 basic, $5.51 diluted EPS).
  • The Board of Directors declared a quarterly cash dividend of $0.45 per common share, payable on March 20, 2026, to shareholders of record as of March 6, 2026.
  • TCE revenue for the fourth quarter of 2025 increased to $241.4 million from $192.1 million in the prior year period, driven by higher average daily rates despite a decrease in the average fleet size to 96.5 vessels.
  • The Company entered into time charter agreements for two LR2 tankers (STI Alexis and STI Rose) at $29,000 per day for five years, commencing in January and February 2026.
  • Agreements were signed to sell two LR2 tankers, STI Kingsway ($57.5 million) and STI Gallantry ($52.3 million), with closing expected in the first or second quarter of 2026.
  • The Company secured options to purchase two scrubber-fitted LR2 newbuildings at $68.5 million each with deliveries expected in 2029.
  • Agreements were finalized to purchase four new MR tankers at $45.0 million each, with deliveries scheduled for 2026 and 2027.
  • The Company contracted the construction of two VLCCs at $128.0 million each, with deliveries expected in the third and fourth quarters of 2028.
  • During the fourth quarter of 2025, the Company sold six vessels and closed the sale of two additional vessels in the first quarter of 2026, realizing a total gain on sales of $45.5 million for the quarter.
  • The Company made unscheduled prepayments totaling $154.6 million on secured credit facilities in the fourth quarter of 2025 to cover scheduled amortization through 2027.
  • As of February 12, 2026, the Company held $937.1 million in unrestricted cash and cash equivalents with $767.0 million of undrawn revolver capacity.
  • Gross debt outstanding decreased to $628.4 million as of December 31, 2025, resulting in a net cash position of $123.5 million.
  • The Company sold its entire 4,054,480 share stake in DHT Holdings Inc. during the fourth quarter of 2025, eliminating its ownership position in that entity.
  • Drydock costs are estimated at $12.4 million for Q1 2026, with total estimated off-hire days for the period at 131 days.
  • The Company's fleet as of February 12, 2026, consists of 91 owned or finance-leased vessels plus 10 newbuildings under construction, totaling 7,768,552 DWT.