Scorpio Tankers Past Earnings Performance
Past criteria checks 2/6
Scorpio Tankers has been growing earnings at an average annual rate of 31.1%, while the Oil and Gas industry saw earnings growing at 8% annually. Revenues have been growing at an average rate of 7% per year. Scorpio Tankers's return on equity is 14.7%, and it has net margins of 48.4%.
Key information
31.15%
Earnings growth rate
33.40%
EPS growth rate
| Oil and Gas Industry Growth | 33.67% |
| Revenue growth rate | 7.00% |
| Return on equity | 14.73% |
| Net Margin | 48.44% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
Narrative Update • Jul 02
STNG: Future Free Cash Flow And Buybacks Seen Supporting Share Upside
Analysts have trimmed the fair value estimate for Scorpio Tankers to $78 from $87, citing a lower price target, expectations for continued free cash flow generation, and ongoing vessel sales during what they describe as a post peak pullback in tanker rates. Analyst Commentary Recent Street research on Scorpio Tankers reflects a more cautious tone, with some bearish analysts trimming expectations as they reassess valuation against tanker market conditions and the company’s capital allocation choices.Seeking Alpha • Jun 23
Scorpio Tankers: Capital Returns Could Accelerate As Rates Stay Elevated
Summary Scorpio Tankers is poised for continued upside as strong tanker rates drive robust earnings and capital returns. STNG has locked in exceptional Q2 rates, supporting an estimated $4.75–$5.10 EPS and potential for further dividend hikes or aggressive buybacks. Despite a modest 2.2% yield, management prioritizes opportunistic buybacks, recently authorizing $500 million—nearly 12% of equity value. Trading at ~5x run-rate earnings with $876 million net cash, STNG offers margin of safety but remains exposed to cyclical rate risks. Read the full article on Seeking AlphaNarrative Update • Jun 18
STNG: Future Share Upside Seen From Strong Buybacks And Earnings Power
Analysts have lifted their fair value estimate for Scorpio Tankers from $70.00 to $87.00, citing updated assumptions on discount rates, revenue trends, margins, and a higher future P/E expectation following recent bullish research and price target increases. Analyst Commentary Recent Street research on Scorpio Tankers highlights growing interest in the stock, with several firms updating views, initiating coverage, or revising price targets.Analysis Article • Jun 17
Scorpio Tankers (STNG) Stock Could Be 20.9% Undervalued After Balance Sheet Reset
Scorpio Tankers (STNG) has drawn investor attention after recent trading moves highlighted its performance across different time frames, prompting a closer look at how its share price and fundamentals currently line up. See our latest analysis for Scorpio Tankers. At a share price of $78.52, Scorpio Tankers has seen short term momentum soften recently, with a 30 day share price return down 4.38%, even as its year to date share price return of 58.02% and 1 year total shareholder return of...
Narrative Update • Jun 02
STNG: Fleet Recycling And Debt Repayment Will Shape Future Cash Generation
Analysts have raised their fair value estimate for Scorpio Tankers to $99.22 from $86.67, citing recent upgrades, higher price targets, and new bullish initiations that reflect updated assumptions on discount rates, revenue trends, profit margins, and future P/E expectations. Analyst Commentary Bullish Takeaways Bullish analysts have introduced or reiterated positive coverage, which supports the higher fair value estimate by signaling confidence in the company’s ability to execute on its current strategy.Narrative Update • May 01
STNG: Fleet Recycling And Micronuclear Partnership Will Shape Future Cash Generation
Analysts have raised the implied fair value estimate for Scorpio Tankers by about $4 to roughly $86.67, citing a mix of higher price targets from several firms, ongoing support from product tanker rate momentum, and updated views on margins and future P/E multiples. Analyst Commentary Recent Street research on Scorpio Tankers reflects a mix of optimism on earnings power and caution around sector cyclicality, which feeds directly into how analysts are thinking about valuation, execution, and growth scenarios.Narrative Update • Apr 17
STNG: Fleet Moves And Micronuclear Collaboration Will Shape Future Cash Generation
The updated analyst price target for Scorpio Tankers increases by $0.88 to $82.50. This reflects analysts' mixed but generally constructive revisions as they weigh higher benchmarks from several firms against more cautious views on capacity, sanctions risk and recent cost trends.Narrative Update • Apr 03
STNG: Fleet Actions Nuclear Partnership And Charters Will Shape Future Cash Generation
Analysts have raised the fair value estimate on Scorpio Tankers by about $6.75 to $81.63. The change reflects updated assumptions around profit margins and P/E multiples following a series of recent price target adjustments on the stock.Narrative Update • Mar 19
STNG: Rising Capacity And Sanctions Risk Will Restrain Future Earnings Upside
The updated analyst price target for Scorpio Tankers has moved from about $63.88 to $70.00. This change reflects a blend of higher target multiples tied to recent strength in product tanker rates, along with more cautious views on future capacity, sanctions risk, and peak earnings power across recent research updates.Narrative Update • Mar 05
STNG: Rising Capacity And Sanctions Risk Will Pressure Future Earnings Power
Narrative Update: Scorpio Tankers The analyst price target for Scorpio Tankers has moved up from about $49 to roughly $63.88, as analysts factor in stronger near term product tanker rate momentum, solid recent earnings support, and mixed views on future capacity and costs. Analyst Commentary Recent research on Scorpio Tankers shows a mix of optimism around current product tanker rate momentum and more cautious views on what comes next.
Narrative Update • Feb 19
STNG: Strong Product Rates And Earnings Resilience Will Support Future Upside
The updated analyst price target for Scorpio Tankers moves from $80 to $90, with analysts pointing to near term strength in product tanker rates, resilient earnings versus expectations, and modestly lower assumed future P/E and discount rates as key drivers of the change. Analyst Commentary Recent research on Scorpio Tankers points to a mixed but generally constructive backdrop, with several bullish analysts adjusting targets higher on the back of stronger product tanker rates and earnings that compared favorably with expectations.Analysis Article • Feb 12
There's No Escaping Scorpio Tankers Inc.'s (NYSE:STNG) Muted Earnings Despite A 27% Share Price Rise
Scorpio Tankers Inc. ( NYSE:STNG ) shares have had a really impressive month, gaining 27% after a shaky period...Narrative Update • Feb 05
STNG: Fleet Renewal And Long Term Charters Will Support Future Cash Generation
Narrative Update: Scorpio Tankers Analysts have lifted their price target on Scorpio Tankers by about US$2.50, reflecting updated assumptions around higher revenue growth, a stronger profit margin profile, and a slightly lower future P/E multiple. Recent research cites vessel sales and higher multiple application to revised EBITDA estimates as key inputs.Narrative Update • Jan 22
STNG: Fleet Renewal And Winter Charter Coverage Will Support Future Cash Generation
Narrative Update: Scorpio Tankers Analyst Price Target Change Analysts have modestly reduced their fair value estimate for Scorpio Tankers to US$72.38 from US$74. This reflects updated assumptions for softer revenue growth, a lower profit margin profile, and a higher future P/E multiple, while still incorporating recent Street research that raised price targets following the fleet realignment and a supportive tanker market setup into winter.Narrative Update • Jan 07
STNG: Tight Product Supply And Fleet Refresh Will Support Stronger Earnings
Narrative Update Analysts have lifted their price targets on Scorpio Tankers into a US$70 to US$80 range, citing higher valuation multiples on updated EBITDA estimates, recent fleet sales and newbuild acquisitions, as well as a constructive product tanker supply and demand setup heading into the winter rate period. Analyst Commentary Bullish analysts are leaning into a constructive view on Scorpio Tankers, pointing to a mix of fleet actions, earnings power, and product tanker fundamentals as key supports for higher valuation ranges heading into the winter period.Narrative Update • Dec 14
STNG: Product Tanker Supply Tightness Will Drive Stronger Earnings Power Ahead
Scorpio Tankers' updated fair value estimate has risen to approximately $80 per share from about $75, as analysts lift price targets into the $70 to $80 range. This increase is driven by stronger ton-mile demand, a favorable product tanker supply and demand backdrop, and ongoing fleet optimization that supports higher long term earnings multiples despite modestly lower near term growth and margin assumptions.Narrative Update • Nov 30
STNG: Fleet Optimization And Vessel Sales Will Drive Future Cash Generation
Scorpio Tankers' analyst price target has been increased from $73.25 to $74.00. Analysts cite a solid market outlook, recent fleet transactions, and favorable supply-demand dynamics as supporting factors for a marginally higher valuation.Narrative Update • Nov 16
STNG: Fleet Optimization And Aging Global Supply Will Fuel Positive Market Momentum
Scorpio Tankers' analyst price target was raised from $72 to $73.25 per share. Analysts pointed to improved revenue growth forecasts and a positive tanker market setup as the reasons for the upward revision.Narrative Update • Nov 02
STNG: Rising Ton-Mile Demand And Winter Rates Will Drive Future Outperformance
Scorpio Tankers' fair value price target has been raised from $67.56 to $72.00. Analysts cite a favorable market outlook driven by improving tanker rates, positive supply and demand dynamics, and strategic fleet changes.Narrative Update • Oct 18
Modern Fleet Will Capture Share Despite Regulatory Headwinds
Analysts have raised their price target for Scorpio Tankers, increasing the estimate from approximately $66.78 to about $67.56 per share. They cite improved fleet fundamentals, stronger asset values, and favorable supply-demand dynamics in the product tanker market as reasons for the adjustment.Narrative Update • Oct 04
Modern Fleet Will Capture Share Despite Regulatory Headwinds
Scorpio Tankers' analyst price target has been raised by analysts from approximately $65.11 to $66.78. The increase is attributed to improved asset values, stronger profit margins, and enhanced cash generation prospects, despite adjustments for a smaller fleet and updated revenue forecasts.Analysis Article • Sep 09
Improved Earnings Required Before Scorpio Tankers Inc. (NYSE:STNG) Stock's 28% Jump Looks Justified
Scorpio Tankers Inc. ( NYSE:STNG ) shares have continued their recent momentum with a 28% gain in the last month alone...Narrative Update • Sep 09
Modern Fleet Will Capture Share Despite Regulatory Headwinds
The slight increase in Scorpio Tankers’ consensus price target reflects improved revenue growth forecasts, with fair value rising from $63.33 to $65.11. What's in the News Rumors regarding Scorpio Tankers have surfaced, highlighted by the M&A-focused Betaville blog, suggesting potential corporate activity (The Fly).Analysis Article • Aug 02
Scorpio Tankers' (NYSE:STNG) Dividend Will Be $0.40
The board of Scorpio Tankers Inc. ( NYSE:STNG ) has announced that it will pay a dividend on the 29th of August, with...Analysis Article • Jul 08
Scorpio Tankers Inc.'s (NYSE:STNG) Price Is Right But Growth Is Lacking
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 19x, you may...Analysis Article • May 09
Why Scorpio Tankers' (NYSE:STNG) Shaky Earnings Are Just The Beginning Of Its Problems
Despite Scorpio Tankers Inc.'s ( NYSE:STNG ) recent earnings report having lackluster headline numbers, the market...Analysis Article • Apr 18
Here's Why We Think Scorpio Tankers (NYSE:STNG) Might Deserve Your Attention Today
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Mar 12
Scorpio Tankers Inc.'s (NYSE:STNG) Share Price Is Matching Sentiment Around Its Earnings
When close to half the companies in the United States have price-to-earnings ratios (or "P/E's") above 18x, you may...Analysis Article • Feb 15
Scorpio Tankers Inc. (NYSE:STNG) Just Reported, And Analysts Assigned A US$69.60 Price Target
Shareholders might have noticed that Scorpio Tankers Inc. ( NYSE:STNG ) filed its annual result this time last week...Analysis Article • Jan 29
Investors Shouldn't Overlook Scorpio Tankers' (NYSE:STNG) Impressive Returns On Capital
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Seeking Alpha • Jan 18
You Can Play With The Scorpio But Beware Of Its Sting
Summary Scorpio Tankers is poised to benefit from rising oil shipping rates due to sanctions on Russian oil and favorable supply-demand dynamics. The company boasts a modern fleet, strong balance sheet, and low debt-to-equity ratio, providing stability in volatile markets. Despite underperforming peers in total returns and dividends, Scorpio focuses on share buybacks, and in that sense, it has a shareholder friendly management. However, the company struggles with high G&A expenses and low ROE, though the stock remains reasonably valued among oil product tanker peers. All in all, the final verdict is positive, as the company is well set to benefit in the current market conditions. Read the full article on Seeking AlphaAnalysis Article • Jan 08
Is Scorpio Tankers Inc. (NYSE:STNG) Trading At A 37% Discount?
Key Insights Scorpio Tankers' estimated fair value is US$83.38 based on 2 Stage Free Cash Flow to Equity Current share...Seeking Alpha • Dec 21
Scorpio Tankers: One Of The Largest And Youngest Fleets In The Refined Product Market
Summary With a capital structure composed of 80% equity and one of the youngest fleets in the refined product market, Scorpio Tankers is well-positioned to navigate the current market weakness. Using the average daily rate of ~$29,500 reported in Q3, Scorpio Tankers would generate approximately $450 million in annual free cash flows after accounting for $182 million in depreciation. This would represent a free cash flow yield of ~17.5% relative to the current market capitalization of $2.56 billion. Using average rates of $20,000 per day, free cash flows would decline to $89 million, or the equivalent of a free cash flow yield of ~3.5%. Read the full article on Seeking AlphaAnalysis Article • Dec 02
Does Scorpio Tankers (NYSE:STNG) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' When we think about how risky a company...Analysis Article • Nov 14
Scorpio Tankers (NYSE:STNG) Ticks All The Boxes When It Comes To Earnings Growth
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Scorpio Tankers makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 1,037 | 502 | 134 | 0 |
| 31 Dec 25 | 938 | 344 | 123 | 0 |
| 30 Sep 25 | 890 | 285 | 112 | 0 |
| 30 Jun 25 | 916 | 359 | 112 | 0 |
| 31 Mar 25 | 1,067 | 513 | 119 | 0 |
| 31 Dec 24 | 1,244 | 669 | 121 | 0 |
| 30 Sep 24 | 1,376 | 721 | 129 | 0 |
| 30 Jun 24 | 1,399 | 663 | 124 | 0 |
| 31 Mar 24 | 1,348 | 568 | 114 | 0 |
| 31 Dec 23 | 1,341 | 547 | 106 | 0 |
| 30 Sep 23 | 1,499 | 690 | 101 | 0 |
| 30 Jun 23 | 1,697 | 856 | 102 | 0 |
| 31 Mar 23 | 1,773 | 915 | 98 | 0 |
| 31 Dec 22 | 1,563 | 637 | 88 | 0 |
| 30 Sep 22 | 1,217 | 327 | 75 | 0 |
| 30 Jun 22 | 846 | -13 | 61 | 0 |
| 31 Mar 22 | 581 | -256 | 52 | 0 |
| 31 Dec 21 | 541 | -234 | 53 | 0 |
| 30 Sep 21 | 531 | -265 | 54 | 0 |
| 30 Jun 21 | 589 | -212 | 57 | 0 |
| 31 Mar 21 | 796 | -15 | 62 | 0 |
| 31 Dec 20 | 916 | 94 | 66 | 0 |
| 30 Sep 20 | 999 | 182 | 68 | 0 |
| 30 Jun 20 | 958 | 157 | 67 | 0 |
| 31 Mar 20 | 763 | -16 | 64 | 0 |
| 31 Dec 19 | 704 | -48 | 62 | 0 |
| 30 Sep 19 | 650 | -78 | 59 | 0 |
| 30 Jun 19 | 633 | -105 | 57 | 0 |
| 31 Mar 19 | 624 | -144 | 54 | 0 |
| 31 Dec 18 | 585 | -190 | 52 | 0 |
| 30 Sep 18 | 566 | -214 | 51 | 0 |
| 30 Jun 18 | 570 | -179 | 51 | 0 |
| 31 Mar 18 | 546 | -179 | 49 | 0 |
| 31 Dec 17 | 513 | -158 | 48 | 0 |
| 30 Sep 17 | 470 | -146 | 48 | 0 |
| 30 Jun 17 | 462 | -137 | 48 | 0 |
| 31 Mar 17 | 480 | -64 | 50 | 0 |
| 31 Dec 16 | 523 | -25 | 55 | 0 |
| 30 Sep 16 | 595 | 39 | 61 | 0 |
| 30 Jun 16 | 709 | 151 | 67 | 0 |
| 31 Mar 16 | 760 | 205 | 69 | 0 |
| 31 Dec 15 | 756 | 218 | 66 | 0 |
| 30 Sep 15 | 703 | 184 | 61 | 0 |
Quality Earnings: STNG has a large one-off gain of $131.0M impacting its last 12 months of financial results to 31st March, 2026.
Growing Profit Margin: STNG's current net profit margins (48.4%) are higher than last year (48.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: STNG has become profitable over the past 5 years, growing earnings by 31.1% per year.
Accelerating Growth: STNG's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: STNG had negative earnings growth (-2%) over the past year, making it difficult to compare to the Oil and Gas industry average (6%).
Return on Equity
High ROE: STNG's Return on Equity (14.7%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/07/04 00:57 |
| End of Day Share Price | 2026/07/02 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Scorpio Tankers Inc. is covered by 22 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kenneth Hoexter | BofA Global Research |
| Liam Burke | B. Riley Securities, Inc. |
| Gregory Lewis | BTIG |