Scorpio Tankers Inc., together with its subsidiaries, engages in the seaborne transportation of crude oil and refined petroleum products worldwide. As of ...
Scorpio Tankers Inc. (NYSE: STNG) is a leading international provider in the seaborne transportation of refined petroleum products. Founded by Emanuele A. Lauro on July 1, 2009, and headquartered in Monaco, the company operates a modern, eco-friendly fleet consisting of 90 wholly owned tankers (as of March 2026), including LR2, ...Scorpio Tankers Inc. (NYSE: STNG) is a leading international provider in the seaborne transportation of refined petroleum products. Founded by Emanuele A. Lauro on July 1, 2009, and headquartered in Monaco, the company operates a modern, eco-friendly fleet consisting of 90 wholly owned tankers (as of March 2026), including LR2, MR, and Handymax vessels. The company is a pure-play product tanker operator, focusing on the transportation of gasoline, diesel, jet fuel, and other refined products worldwide. With a commitment to safety, sustainability, and operational excellence, Scorpio Tankers employs a highly experienced leadership team and maintains a strong balance sheet with a low leverage ratio (debt-to-capital of 16.7%). The company has demonstrated robust financial performance with a net profit margin of 67.2%, return on equity of 24.5%, and a dividend yield of approximately 2.3%. Its fleet is among the youngest and most fuel-efficient in the industry, positioning it well to meet evolving environmental regulations. The company also benefits from synergies with the broader Scorpio Group, which has over 70 years of experience in global energy transport. Key people include founder, Chairman, and CEO Emanuele A. Lauro, and President Robert Bugbee. As of the latest data, Scorpio Tankers has a market capitalization of about $3.81 billion and a price-to-earnings ratio of 4.33, reflecting its strong earnings. The company is committed to delivering superior returns to shareholders through a combination of dividends and share buybacks, while maintaining a modern and efficient fleet.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$938.2M
-24.6%
+30.6%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$344.3M
-48.5%
+79.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+46.2%
-19.0%
+15.5%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+33.0%
-46.3%
+21.7%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
+36.7%
-31.7%
+37.2%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$416.8M
-43.0%
+242.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
+44.4%
-24.5%
+162.2%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
19.4%
-35.6%
+17.5%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
9.33x
+284.1%
-50.4%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.
Operator: Hello, and welcome to the Scorpio Tankers Inc. Second Quarter 2026 Conference Call. I would now like to turn the call over to James Doyle, Head of Corporate Development and Investor Relations. Please go ahead, sir.
James Doyle: Thank you for joining us today. Welcome to the Scorpio Tankers Second Quarter 2026 Earnings Conference Call. On the call with me today are Emanuele Lauro, Chief Executive Officer; Robert Bugbee, President; Cameron Mackey, Chief Operating Officer; Chris Avella, Chief Financial Officer; Lars Dencker Nielsen, Chief Commercial Officer. Earlier today, we issued our second quarter earnings press release, which is available on our website, scorpiotankers.com. The information discussed on this call is based on information as of today, July 30, 2026, and may contain forward-looking statements that involve risk and uncertainty. Actual results may differ from those set forth in such statements. For a discussion of these risks and uncertainties, you should review the forward-looking statement disclosure in the earnings press release as well as Scorpio Tankers' SEC filings, which are available at scorpiotankers.com and sec.gov. Call participants are advised that the audio of this conference call is being broadcasted live on the Internet and is also being recorded for playback purposes. An archive of the webcast will be made available on the Investor Relations page of our website for approximately 14 days. We will be giving a short presentation today. The presentation is available at scorpiotankers.com on the Investor Relations page under Reports & Presentations. The slides will also be available on the webcast. After the presentation, we will go to Q&A. [Operator Instructions] Now I'd like to introduce our Chief Executive Officer, Emanuele Lauro.
Emanuele Lauro: Thank you, James, and good morning or good afternoon to all. So last quarter, I spoke about our focus on the things that we can control, like strengthening our balance sheet, lowering our cost of capital, reducing our cash breakevens, optimizing our fleet, securing attractive time charter contracts and returning capital to shareholders. That approach has not changed. And during the second quarter, we continued to execute against each of these priorities. Financially, the results speak for themselves. The second quarter was the strongest in Scorpio Tankers history, generating adjusted EBITDA in excess of $300 million and adjusted net income of $243.7 million. We continue to strengthen our financial position. Today, our cash position stands at more than $1.9 billion. During the quarter, we completed one of the most attractive financing transactions in the company's history. We've issued $605 million of convertible bonds at a yield to maturity of approximately 1%. We also repaid at the same time, $589 million of debt, which was carrying an interest rate between 5% and 7.5%. So replacing our highest cost of capital -- that, with our lowest cost of capital further …