Start here if you're new
what it is
Scorpio Tankers moves gasoline, diesel, and jet fuel around the world on 99 product tankers.
how it gets paid
Last year vessel revenue was about $938M (down from a stronger prior year). MR tankers remain the largest slice of the fleet mix.
what just happened
Q4 2025 vessel revenue was about $253M, up sharply vs. prior year, with diluted EPS of about $2.59 — ahead of what analysts had modeled.
At a glance
n/a balance sheet
5/100 earnings predictability — expect surprises
10.8x trailing p/e — the market's not buying it — or you found a deal
2.7% dividend yield — cash in your pocket every quarter
20.1% return on capital — every dollar works hard here
xvary composite: 71/100 — average
What they do
Scorpio Tankers moves gasoline, diesel, and jet fuel around the world on 99 product tankers.
This is a scale business disguised as a shipping stock. Scorpio controls 99 product tankers with an average age of 8.8 years, which gives you reach and newer hardware in a market where available ships matter. Product tankers are basically fuel delivery pipes at sea, and when rates rise, that fixed fleet can turn into a cash machine fast.
How they make money
$1.2B
annual revenue
MR tankers
$0.45B
LR2 tankers
$0.36B
Handymax tankers
$0.13B
The products that matter
voyage-by-voyage tanker exposure
Pool & Spot Market
most of vessel revenue · pool & spot heavy
This is the main earnings engine. Most revenue still comes from pool and spot exposure, and it resets with market conditions faster than long-term contracts do.
rate-sensitive
medium-range product carriers
MR Tankers
80+ vessels · core fleet
The 80+ MR tankers are the workhorses of the fleet. More voyages means more chances to benefit when regional gasoline and jet fuel routes are busy.
fleet core
fixed-rate charter contracts
Time Charter
minority of days · time charter layer
This is the calmer part of the business. Time charters give some revenue visibility, but not enough to drown out what spot rates are doing.
stability layer
Key numbers
~53%
Q4 operating margin
Operating margin → profit left after running the business → so what: in Q4 2025 Scorpio kept a bit more than half of each vessel-revenue dollar after operating costs — still cyclical, but strong versus most industrials.
$13.15
2024 EPS
EPS → profit per share → so what: 2024 earnings were $13.15 a share, while the stock trades at $63.72, which helps explain the modest 10.8x trailing P/E.
$731M
long-term debt
Long-term debt → money owed over many years → so what: the debt load is real at $731M, but it is 18% of capital, not the kind of leverage that automatically breaks the story.
20.1%
return on capital
Return on capital → profit earned on the money used in the business → so what: at 20.1%, Scorpio is turning heavy steel assets into returns most industrial companies would envy.
Financial health
n/a
strength
- balance sheet grade n/a
- risk rank 2 — safer than 80% of stocks
- price stability 25 / 100
- long-term debt $731M (18% of capital)
n/a — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for STNG right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Q4 2025 vessel revenue rose to about $253M vs. prior year, with diluted EPS of about $2.59 — ahead of consensus.
Full-year vessel revenue was lower than the prior peak as the cycle normalized, but the latest quarter still showed earnings power when rates cooperate. Scorpio remains leveraged to clean-product freight more than almost anything else.
$253M
Q4 vessel revenue
$2.59
diluted EPS
~53%
Q4 operating margin
the number that mattered
The vs. prior year lift in Q4 vessel revenue mattered most because it shows how fast earnings can re-rate when spot and pool rates move in your favor.
source: company earnings report, 2026
Get this snapshot in your inbox
This page, delivered free — plus weekly updates when the numbers change. plain english, no spam.
weekly updates
earnings alerts
plain english
no spam
What could go wrong
your #1 risk is clean-product spot rate volatility. Most revenue still comes from pool and spot-linked activity that reprices quickly.
high
clean-product spot rates roll over
TCE rates — time charter equivalent, or the daily shipping price after voyage costs — drive most of this story. With most revenue tied to pool and spot activity, a sustained drop would hit earnings quickly.
TCE rates — time charter equivalent, or the daily shipping price after voyage costs — drive most of this story. With most revenue tied to pool and spot activity, a sustained drop would hit earnings quickly.
med
the dividend starts carrying too much symbolism
The quarterly dividend is now $0.45 per share. That's attractive at a 2.7% yield, but in cyclical shipping a dividend can go from signal of strength to pressure point very fast.
The quarterly dividend is now $0.45 per share. That's attractive at a 2.7% yield, but in cyclical shipping a dividend can go from signal of strength to pressure point very fast.
med
too little fixed coverage
Time-charter coverage is a minority of the mix. That leaves most of the business exposed to market swings rather than contract visibility.
Time-charter coverage is a minority of the mix. That leaves most of the business exposed to market swings rather than contract visibility.
low
single-asset-class concentration
You own on the order of 100 product tankers, but they all live in the same broad trade. If refined-product shipping weakens, there isn't another segment inside the company to bail you out.
You own on the order of 100 product tankers, but they all live in the same broad trade. If refined-product shipping weakens, there isn't another segment inside the company to bail you out.
A weaker freight market would pressure pool-and-spot-linked revenue first, which is why this stock can look cheap and risky at the same time.
source: institutional data · regulatory filings · risk analysis
Pay attention to
mix
spot exposure vs. charter coverage
Watch whether management shifts more days into time charters versus pool and spot. More fixed coverage usually means steadier cash flow in a down-cycle.
calendar
march 20 dividend payment
The $0.45 per share dividend is payable on March 20, 2026. In a cyclical stock, the payout is part yield and part message from management.
street view
analyst revisions and the $81.73 target
There have been 3 downgrades and 2 upgrades in the last 90 days. That tells you opinion is moving with the tape, not standing still.
fleet
vessel sales and new charter agreements
The March 5, 2026 fleet update matters because every vessel sale or new charter changes your balance between rate upside and earnings visibility.
Analyst rankings
earnings predictability
5 / 100
in human-speak, analysts do not trust next quarter to rhyme with this quarter.
risk rank
2
That screens as safer than 80% of stocks, but the 25 / 100 price stability score tells you the ride can still get rough.
source: institutional data
Institutional activity
institutional ownership data for STNG is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$64
current price
n/a
target midpoint · n/a from current
Want the deeper analysis?
The full deep dive: dcf model, scenario analysis, competitive moat breakdown, and quarterly tracking — everything on this page, taken further.
see plans from $5/moThe deep dive