STNG Scorpio Tankers Inc.
Price Chart
Executive Summary
Scorpio Tankers announced the sale of four LR2 product tankers for $285.8M, a letter of intent to purchase two newbuilding MR tankers for $46.25M each, and plans to prepay $367.8M in secured debt due 2028, which will eliminate all remaining secured debt. The transactions signal a strategic shift toward fleet renewal and a significantly deleveraged balance sheet, which is credit-positive and likely to be viewed favorably by the market.
Key Financial Metrics
Actionable Insight
The debt prepayment and revolver cancellation eliminate near-term refinancing risk and signal strong cash generation. Traders should watch for closing of vessel sales in Q2/Q3 2026 and any further fleet renewal announcements. The balance sheet deleveraging is a clear positive for equity holders.
Key Facts
- Agreements to sell four LR2 product tankers for $285.8 million aggregate, expected to close in Q2/Q3 2026.
- Letter of intent to purchase two scrubber-fitted MR newbuilding product tankers at $46.25 million each, deliveries expected Q1 2030.
- Intends to make unscheduled debt prepayments totaling $367.8 million, eliminating all secured debt maturing in 2028.
- Will permanently cancel undrawn revolver capacity under two credit facilities, terminating those facilities.
- Company currently owns 83 product tankers with an average age of 10.2 years.
- Additional newbuilding commitments include six MR, four LR2, and two VLCC newbuildings with deliveries through 2030.
Financial Impact
Sale proceeds of $285.8M from four LR2 tankers, debt prepayment of $367.8M eliminating all 2028 secured debt, and $92.5M in newbuilding commitments (with only 10% deposit due soon).
Risk Factors
- Vessel sale closings are subject to customary conditions and could be delayed or fail.
- Newbuilding letter of intent is subject to definitive documentation and may not be finalized.
- Forward-looking statements on debt prepayment and revolver cancellation are subject to execution risk.
- Shipping market conditions could deteriorate, impacting future cash flows and asset values.
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3301739 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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May 28, 2026
9d ago
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6-K
| — | awaiting T+5 | — | — |
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May 27, 2026
10d ago
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Press Release
| $77.70 $75.04 | ▼ −3.42% | ▼ −4.63% | $75.96 (−2.24%) |
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May 8, 2026
4w ago
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Press Release
| $84.41 $82.72 | ▼ −2.00% | ▼ −3.47% | $75.96 (−10.01%) |
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May 5, 2026
4w ago
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6-K
| $82.56 $83.51 | ▲ +1.15% | ▲ +0.02% | $75.96 (−7.99%) |
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May 5, 2026
4w ago
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Press Release
| $86.62 $85.15 | ▼ −1.70% | ▼ −3.68% | $75.96 (−12.31%) |
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Apr 21, 2026
6w ago
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6-K
| $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $75.96 (−0.01%) |
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Apr 21, 2026
6w ago
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6-K
| $75.97 $82.08 | ▲ +8.04% | ▲ +7.98% | $75.96 (−0.01%) |
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Apr 10, 2026
8w ago
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Press Release
| $76.45 $76.89 | ▲ +0.58% | ▼ −2.72% | $75.96 (−0.64%) |
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Apr 8, 2026
8w ago
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Press Release
| $76.81 $73.96 | ▼ −3.71% | ▼ −7.23% | $75.96 (−1.11%) |
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Apr 7, 2026
8w ago
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Press Release
| $76.81 $73.96 | ▼ −3.71% | ▼ −7.23% | $75.96 (−1.11%) |
US Market Status
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