Scorpio Tankers Q2 profit misses estimates

Scorpio Tankers

30/07/2026 12:23

Overview
Product tanker operator's Q2 adjusted EPS missed analyst expectations, adjusted net income missed
Company declared $0.45 per share quarterly dividend
Q2 TCE revenue rose on stronger product tanker market

Outlook
Scorpio Tankers did not provide specific financial guidance for the current or future quarters

Result Drivers
STRONGER TANKER MARKET - Co said Q2 TCE revenue rose due to a significantly stronger product tanker market, despite a smaller fleet
MIDDLE EAST CONFLICT - Co said initial disruptions from Middle East conflict caused spot TCE rates to spike to record levels, with new trade routes supporting higher rates despite lower export volumes
HIGHER OPERATING COSTS - Co said vessel operating costs per day increased due to higher repairs, maintenance, and supply chain adjustments from new trade routes

Company press release: ID:nGNX5khmbS

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Miss
$4.68
$5.03 (11 Analysts)
Q2 EPS
 
$7.37
 
Q2 Adjusted Net Income
Miss
$243.70 mln
$268.98 mln (7 Analysts)
Q2 Net Income
 
$387.50 mln
 
Q2 Dividend
 
$0.45
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the oil & gas transportation services peer group is "buy"
Wall Street's median 12-month price target for Scorpio Tankers Inc is $97.50, about 24.2% above its July 29 closing price of $78.53
The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads
July 29 - Bermuda's Teekay Tankers Q2 net income jumps on record spot rates
July 29 - Ardmore Shipping Q2 revenue jumps on higher spot charter rates
July 30 - Houthis' Red Sea attacks prompt London insurers to widen high-risk zone

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)