Scorpio Tankers stock weighs Q2 earnings and fleet expansion

Published on 10/04/2026 at 11:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scorpio Tankers stock is priced at USD 86.23 after four newbuildings were announced on October 2, 2026. Q2 revenue reached USD 408.7 million.

STNG, MHY7542C1306, Illustration mit AI erstellt.

Scorpio Tankers stock (ISIN MHY7542C1306) was last at USD 86.23 on the NYSE on October 2, 2026, up 0.51 percent from the prior close. The latest company development combines strong second-quarter earnings with four newbuilding vessels for delivery in 2028 and 2029.

Four vessels reshape fleet plans

As Simply Wall St reported on October 2, 2026, Scorpio Tankers committed to two LR2 product tankers and two VLCCs. Deliveries are scheduled across 2028 and 2029, adding future capacity while increasing capital requirements.

The fleet decision follows a powerful second-quarter operating result. Yahoo Finance reported that TCE revenue rose 75.9 percent year over year to USD 391.8 million in Q2/2026, while adjusted EBITDA reached USD 300.5 million.

Q2 earnings show operating leverage

Scorpio Tankers generated USD 408.7 million in total revenue and USD 7.37 in diluted EPS in Q2/2026, according to the standardized quarterly statement for the period ended June 30, 2026. The revenue figure was 30.6 percent above Q1/2026 revenue of USD 312.9 million, while net income rose from USD 216.3 million to USD 387.5 million.

The same quarter also produced a visible earnings surprise in external coverage. Yahoo Finance said EPS of USD 4.68 exceeded the Zacks consensus of USD 4.51 and that TCE revenue surpassed the USD 380.0 million consensus by 2.9 percent. The differing EPS figures reflect adjusted coverage versus the standardized diluted-EPS statement.

Analysts keep a mixed view

MarketBeat reported on September 26, 2026, that 11 analysts held a consensus rating of Hold, comprising five Buy ratings, five Holds and one Sell. The average 12-month price target was USD 91.57, which lies 6.2 percent above the October 2 price of USD 86.23.

On October 1, 2026, Moomoo News reported that BofA Securities maintained a Sell rating while raising its target from USD 78 to USD 83. That target remains below the latest NYSE price, underscoring the disagreement behind the Hold consensus.

Stock remains below yearly high

STNG's October 2 reference price stood 4.3 percent below its 52-week high of USD 90.06 and 76.2 percent above its 52-week low of USD 48.93. Market capitalization was USD 4.3 billion and volume was 692,767 shares on that session.

TradingView lists November 3, 2026 as the next reporting date. For investors, the central balance is clear: Q2 earnings improved sharply, while fleet expansion creates a larger future capital commitment.

STNG trades below its 52-week high

Scorpio Tankers stock was last at USD 86.23 on the NYSE on October 2, 2026 at 4:00 p.m. EDT, with a daily change of 0.51 percent. Its market capitalization was USD 4.3 billion on the same date.