Scorpio Tankers stock gains 2.38 percent as fleet renewal lands

Published on 09/30/2026 at 16:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scorpio Tankers stock follows a USD 415.6 million fleet renewal announced September 29, 2026. Q2 revenue reached USD 408.73 million, up 77.5 percent year over year.

STNG, MHY7542C1306, Illustration mit AI erstellt.

Scorpio Tankers stock (ISIN MHY7542C1306) was trading at EUR 75.38 at Lang & Schwarz on September 30, 2026, at 4:37 p.m. CEST, up 2.38 percent from the prior close of EUR 73.63. The company announced a USD 415.6 million fleet renewal plan on September 29, 2026, combining three vessel sales with four newbuilding purchases, according to GlobeNewswire.

Four newbuildings reshape the fleet

Scorpio Tankers agreed to sell three product tankers for a combined USD 180.5 million, with the transactions expected to close before the end of 2026. The vessels are the STI Dama at USD 37.5 million, the STI Elysees at USD 70.0 million and the STI Veneto at USD 73.0 million, according to GlobeNewswire.

The purchases add two scrubber-fitted LR2 tankers at USD 72.8 million each and two scrubber-fitted VLCCs at USD 135.0 million each. Delivery is expected in September and October 2028 for the VLCCs and October and November 2029 for the LR2 vessels, extending the companys fleet renewal beyond the current reporting cycle.

Quarterly earnings set a high bar

The latest reported quarter also provides a substantial earnings benchmark. According to MarketBeat on September 28, 2026, second-quarter revenue was USD 408.73 million, up 77.5 percent year over year, while adjusted EPS reached USD 4.68 versus USD 4.56 consensus.

The USD 0.12 adjusted EPS beat and the revenue growth show why the newbuilding program is being evaluated against a strong operating base. MarketBeat also reported a USD 0.45 quarterly dividend and an average analyst price target of USD 91.57, while the average rating remained Hold.

Next report date is November 3

TradingView lists November 3, 2026 as the next report date for the third quarter. That update gives investors a defined checkpoint for assessing tanker rates, fleet deployment and the financial effect of the vessel transactions.

Stock remains below its yearly high

Scorpio Tankers had a market capitalization of USD 4.3 billion as of September 30, 2026. Its NYSE price range for the preceding 52 weeks was USD 48.93 to USD 90.06, placing the latest US-listed reference below the yearly high while the Lang & Schwarz euro quote gained 2.38 percent on the session.