NYSE$STNG
Scorpio Tankers Inc · Q1 2026 earnings
Q1 2026 earnings · · Investor relations
Briefing
Scorpio Tankers reported Q1 2026 net income of $216.3M on vessel revenue of $312.9M, with diluted EPS of $4.32 and a $0.45 quarterly dividend.
For the three months ended March 31, 2026, Scorpio Tankers earned net income of $216.3 million, or $4.58 basic and $4.32 diluted EPS. Adjusted net income was $150.9 million, or $3.02 diluted EPS, excluding vessel-sale gains. Vessel revenue was $312.9 million and TCE revenue $303.0 million, up sharply from $204.2 million a year ago on stronger product-tanker rates. The board declared a $0.45 dividend and replenished the buyback program to $500 million.
- Net income $216.3M; adjusted net income $150.9M ($3.02 diluted EPS).
- TCE revenue $303.0M (+48% YoY) on average daily TCE of $37,697.
- Quarter-end cash $984M; pro-forma liquidity $1.4B as of May 1.
- Declared $0.45/share dividend; repurchase authorization reset to $500M.
- Issued $375M convertible notes due 2031 and sold multiple vessels in Q1/Q2.
Headline financials
Revenue & EPS history
Scorpio Tankers · Revenue · Quarterly
$313M
Forward guidance
Management did not issue numeric EPS guidance but disclosed strong Q2 2026 TCE rate indicators by vessel class and active fleet optimization via sales, charters, and newbuild options.
Tailwinds
- Product tanker market strength drove materially higher TCE rates.
- $0.45 quarterly dividend with large repurchase authorization.
- Strong liquidity and balance-sheet flexibility after note issuance.
Headwinds
- Adjusted earnings lower after excluding $65.9M vessel-sale gains.
- Fleet count declined with multiple vessel sales.
- Rate sensitivity to geopolitical disruptions and refined-product demand.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
+2.6%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.5%
Avg return
30 days after
59%
27 / 46 earnings
Positive
+24.9%
Q4 2016
Best reaction
-8.5%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.3% | +1.5% | -9.8% | |
| Q4 2025 | -3.0% | +0.2% | -5.0% | |
| Q3 2024 | -4.7% | -4.2% | -16.8% | |
| Q4 2023 | +4.4% | +3.1% | +5.8% | |
| Q3 2023 | +7.3% | +7.0% | -1.1% | |
| Q2 2023 | +5.3% | +5.3% | +6.0% | |
| Q1 2023 | -7.4% | -8.6% | -8.4% | |
| Q4 2022 | +1.9% | -0.1% | -11.5% | |
| Q3 2022 | +4.2% | +7.1% | +6.2% | |
| Q2 2022 | -6.5% | -3.1% | -0.2% | |
| Q1 2022 | +4.3% | +11.9% | +41.6% | |
| Q4 2021 | +1.9% | +0.6% | +12.7% | |
| Q3 2021 | +17.1% | +5.6% | -12.7% | |
| Q2 2021 | -2.8% | -3.3% | +11.5% | |
| Q1 2021 | +10.8% | +5.9% | +18.7% | |
| Q4 2020 | +6.7% | -1.1% | +25.2% | |
| Q3 2020 | +5.4% | +25.4% | +42.5% | |
| Q2 2020 | -6.4% | -9.2% | -13.7% | |
| Q1 2020 | -8.5% | -16.9% | -19.0% | |
| Q4 2019 | -3.5% | -20.0% | -37.8% | |
| Q3 2019 | -5.4% | -2.8% | +9.4% | |
| Q2 2019 | -5.0% | -10.8% | -1.0% | |
| Q1 2019 | +6.8% | +5.1% | +0.3% | |
| Q4 2018 | +10.8% | +11.8% | +4.2% | |
| Q3 2018 | +13.2% | +21.0% | +24.0% | |
| Q2 2018 | -5.6% | -2.8% | -9.3% | |
| Q1 2018 | +12.7% | +12.2% | +17.3% | |
| Q4 2017 | +6.5% | +0.4% | -5.6% | |
| Q3 2017 | +0.3% | -0.3% | -6.5% | |
| Q2 2017 | -0.9% | +2.6% | +2.6% | |
| Q1 2017 | +12.8% | +6.4% | -6.4% | |
| Q4 2016 | +24.9% | +20.1% | +12.0% | |
| Q3 2016 | -2.9% | +2.9% | -0.7% | |
| Q2 2016 | +9.7% | +8.5% | +11.8% | |
| Q1 2016 | -1.4% | — | — | |
| Q4 2015 | +6.7% | — | — | |
| Q3 2015 | -3.0% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | +2.5% | — | — | |
| Q4 2014 | +4.5% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | +2.9% | — | — | |
| Q4 2013 | -1.0% | — | — | |
| Q2 2013 | -0.5% | — | — | |
| Q1 2013 | +5.1% | — | — |
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