Scorpio Tankers reports Q2 2026 TCE rate update

• Scorpio Tankers (NYSE:STNG) released an update on its daily Time Charter Equivalent (TCE) rates and share count for the second quarter of 2026.
• The stock is currently trading at $78.04, reflecting a stable position amid the latest operational disclosures.
• The company provided specific rate projections and estimated its fully diluted weighted average shares outstanding to be between 53 million and 54 million for the quarter.

Scorpio Tankers (NYSE:STNG) announced an update on its daily Time Charter Equivalent (TCE) revenue rates and share count expectations for the second quarter of 2026.

The company reported that as of June 18, 2026, its average daily TCE revenue is $80,000 for LR2, $53,000 for MR, and $54,000 for Handymax vessels operating in the pool and spot markets.

In addition to its spot market performance, the company noted that its MR bareboat TCE averages $12,986 per day.

Scorpio Tankers estimates that its fully diluted weighted average shares outstanding for the second quarter of 2026 will be between 53 million and 54 million shares.

This figure accounts for the potential impact of its 1.75% Convertible Senior Notes due 2031 and existing equity awards.

The company operates a large fleet of product tankers and is a significant player in the global refined petroleum product transportation market.

Recent market data indicates Scorpio Tankers has seen strong financial performance throughout the first half of 2026, driven by high demand for tanker tonnage.