Scorpio Tankers reports Q1 2026 net income of $216.3M, declares $0.45 dividend, and boosts buyback program to $500M

Scorpio Tankers Inc. announced a strong financial performance for Q1 2026, with net income rising to $216.3 million from $58.2 million in the same period last year, driven by higher tanker rates amid robust product demand and supply disruptions. The company declared a quarterly dividend of $0.45 per share and increased its securities repurchase program to $500 million, signaling confidence in its cash flow and growth prospects. Additionally, Scorpio Tankers secured a new $50 million credit facility, issued $375 million in convertible notes, and continued fleet optimization through vessel sales and newbuilding orders. These moves position the company to capitalize on favorable market conditions and maintain financial flexibility.