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Stock impact report

Scorpio Tankers Inc. (STNG): Strategic Tanker Sales and Solid Cash Flow Highlight Growth Potential [Yahoo! Finance]

Scorpio Tankers Inc. Common Shares (STNG) 
Last scorpio tankers inc. common shares earnings: 2/19 06:40 am Check Earnings Report
Company Research Source: Yahoo! Finance
On March 5, Scorpio Tankers Inc. (NYSE:STNG) announced agreements to sell three 2015-built scrubber-fitted tankers: MR vessels STI Seneca and STI Osceola at $35 million each, and LR2 tanker STI Solidarity for $60 million, with closings expected in Q1 or Q2 2026. The vessels carry $20.2 million in debt under the company's $1 billion 2023 credit facility. Scorpio Tankers also agreed to time charter LR2 tankers STI Lombard (5 years at $33,000/day) and STI Rambla (8 years at $30,500/day), starting Q1–Q2 2026. On February 14, Evercore ISI reiterated an Outperform rating on Scorpio Tankers but cut the price target to $83 from $86. The price target cut comes on the company delivering higher General and Administrative expenses. The company delivered adjusted net income of $80 million, or $1.62 per diluted share, for the fourth quarter, a significant improvement from $30.3 million, or $0.63 per share, delivered in Q4 2024. Adjusted net income for the full year totaled $269.5 million or Show less Read more
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