Scorpio Tankers reported a net income of $128.1 million for the three months ending December 31, 2025. 

Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers," or "the Company") announced that it has entered into agreements to sell three product tankers and time-charter out two others.

Vessel Sales

The company has entered into agreements to sell three scrubber-fitted MR product tankers built in 2015: the STI Seneca, the STI Osceola, and the STI Solidarity. The company will receive $35.0 million per vessel for the STI Seneca and the STI Osceola and $60.0 million for the STI Solidarity. These sales are expected to close in the first or second quarter of 2026.

Currently, the vessels are financed through the company's 2023 $1.0 billion credit facility, with an aggregate outstanding debt balance of $20.2 million.

Time Charter-Out Agreements:

The company has entered into agreements to time-charter out two LR2 product tankers: the STI Lombard and the STI Rambla. The STI Lombard agreement is for five years at a rate of $33,000 per day. The agreement for STI Rambla is for eight years at a rate of $30,500 per day. These charters are expected to begin in the first or second quarter of 2026.

Related :Scorpio Tankers sells two 2016 LR tankers and buys two newbuildings

Results for the three months

It is noteworthy that the company reported its results for the three months ending December 31, 2025. The company also announced that its board of directors has declared a quarterly cash dividend of $0.45 per share of its common stock. For the three months ending December 31, 2025, the company reported a net income of $128.1 million, equating to $2.72 in basic earnings per share and $2.59 in diluted earnings per share.

During the same period

During the same period, the company had an adjusted net income of $80.0 million, or $1.70 basic and $1.62 diluted earnings per share. This figure excludes the following items from net income:
(i) a $45.5 million gain on sales of vessels ($0.96 per basic and $0.92 per diluted share);(ii) a $5.5 million fair value gain on financial assets measured at fair value ($0.12 per basic and $0.11 per diluted share); and (iii) a $2.9 million loss on extinguishment of debt and write-off of deferred financing fees ($0.06 per basic and diluted share).

About Scorpio Tankers, Inc.

Scorpio Tankers Inc. is a global provider of marine transportation of petroleum products. The company currently owns 90 product tankers, including 34 LR2 tankers, 42 MR tankers, and 14 Handymax tankers, with an average age of 10.1 years. The company has entered into agreements to sell two LR2 product tankers and two MR product tankers, including those announced in this press release. These sales are expected to close in the first or second quarter of 2026. The company has also reached agreements for four MR newbuildings under construction with expected delivery in 2026 and 2027; four LR2 newbuildings with expected delivery in 2027 and 2029; and two VLCC newbuildings with expected delivery in the second half of 2028. Additional 

Related : Scorpio Tankers doubles order for LR2 tankers from Chinese shipyard Dalian

Source : Press - Release

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