EPISODE · May 5, 2026 · 1 MIN
Scorpio Tankers Q1 2026: Cash Flow Powerhouse
from The Daily News Now! Business
Scorpio Tankers Q1 2026 earnings are impressive, with $214M in adjusted EBITDA and $151M in adjusted net income. They have $1.4B in cash, aiming for $2B by summer, and a low daily cash breakeven. Theyve sold older ships at a profit and secured low-cost financing. Theyve bought back shares and announced a new $500M repurchase program and quarterly dividend. High product rates, driven by Middle East tensions, boost earnings. Fleet growth is limited, but they have cash to cover new vessel orders. Scorpios balance sheet is strong, positioning them for long-term success. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/db78978654f5a576
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Scorpio Tankers Q1 2026: Cash Flow Powerhouse
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