Scorpio Tankers Reports Record Q2 Earnings and Strong Financial Performance in 2026
Scorpio Tankers (STNG) delivered its strongest financial performance ever during the second quarter of 2026, reporting adjusted EBITDA exceeding $300 million and an adjusted net income of $243.7 million. The company's cash position now stands at over $1.9 billion following a strategic financing move that included issuing $605 million in convertible bonds with a yield to maturity of approximately 1%. This transaction allowed Scorpio Tankers to repay $589 million in higher-cost debt, reducing its overall cost of capital and improving financial flexibility. The company also continued fleet optimization by selling 19 vessels during the quarter. CEO Emanuele Lauro emphasized that this strategy—focused on strengthening balance sheets, lowering costs, securing time charters, and returning value to shareholders—remains unchanged. The daily cash break-even remains at around $11,000 per day, one of the lowest in the industry.
Tickers: $STNG