Scorpio Tankers reports $387.5 million in second-quarter 2026 earnings
Key Facts
Scorpio Tankers reported net income of $387.5 million in the second quarter of 2026, compared with $73.5 million in the same period of 2025, according to the company's results. The comparison puts second-quarter performance in the context of a clear year-over-year improvement in net income. The company declared a quarterly cash dividend of $0.45 per share in the first quarter. That dividend alone does not establish the amount of any subsequent dividend or whether there will be another increase. The company's shares closed at $85.33 on October 27, 2026, according to EL7 data.
In an update issued on September 3, Scorpio Tankers reported realized and projected daily revenue rates for the third quarter by vessel class. The average rate for LR2 vessels in the spot market and pools was $64,900 per day through that date. MR vessels recorded an average of $30,000 per day, while the average for Handymax vessels was about $25,500 per day. These figures reflect the class rates specified by the company in its update and do not represent the financial result for the full quarter. Daily revenue rates provide an operating indicator of tanker revenue during the period.
Scorpio Tankers disclosed on September 3 time-charter agreements for three tankers, each for a term of 3 years. One of the two contracts for LR2 vessels set a daily rate of $40,188, while the other contract was priced at $42,500 per day. The MR tanker contract set the rate at $23,900 per day. These rates provide a picture of part of the company's announced time-charter contracts, alongside the spot-market and pool rates reported in its update. Contract rates vary by vessel and class.
In the second quarter, HF Sinclair reported net income attributable to its shareholders of $892 million, compared with $208 million in the second quarter of 2025. The company linked higher refining margins and volumes to steady demand, limited supply and favorable refining spreads. Its chief executive said the underlying factors that supported the performance of its business segments in the second quarter “will continue into the third quarter.” The company scheduled the announcement and discussion of its third-quarter results via webcast for October 28, 2026, at 8:30 a.m. Eastern time. HF Sinclair shares closed at $114.21 on October 27, 2026, according to EL7 data.
Scorpio Tankers also scheduled its third-quarter earnings call for October 28, 2026. The company said a replay of the call would remain available through November 11, 2026. The date is part of its third-quarter results schedule, following the daily revenue rate update issued in September. The replay allows listeners to follow the call during the availability period set by the company. The available facts did not include a verified figure for Scorpio's third-quarter results.