Abstract

Scorpio Tankers will report first-quarter 2026 results on May 05, 2026 Pre-Market; this preview consolidates the latest quarterly actuals and consensus forecasts to frame expectations for revenue, margins, net profit, and adjusted EPS, alongside institutional commentary gathered since January 01, 2026.

Market Forecast

Consensus for the current quarter points to total revenue of 273.74 million US dollars, EBIT of 124.70 million US dollars, and adjusted EPS of 2.43, implying year-over-year growth of 35.93% for revenue, 147.31% for EBIT, and 230.49% for EPS. Based on the company’s last update and prevailing estimates, the market expects stable to firm profitability, though no explicit consensus for gross profit margin or net profit margin is available for this quarter. Highlights for the company’s core operations center on product tanker utilization, time charter coverage, and asset value support, while the most promising revenue contributor remains vessel operations, with projected revenue of 273.74 million US dollars, up 35.93% year over year.

Last Quarter Review

In the previous quarter, Scorpio Tankers reported revenue of 252.65 million US dollars, a gross profit margin of 66.19%, GAAP net profit attributable to shareholders of 128.00 million US dollars with a net profit margin of 50.71%, and adjusted EPS of 1.62, representing year-over-year growth of 23.87% for revenue and 157.14% for EPS. The quarter’s key highlight was strong cost control and favorable charter rates that supported high conversion from revenue to profit, while the main business—vessel operations—generated 252.65 million US dollars in revenue, up 23.87% year over year.

Current Quarter Outlook

Main business dynamics and earnings sensitivity

Scorpio Tankers’ earnings this quarter hinge on product tanker spot and time charter rates, fleet utilization, and opex discipline. With consensus revenue expected to increase by 35.93% year over year and projected EBIT at 124.70 million US dollars, the operating leverage to freight rates is considerable, implying adjusted EPS expansion to 2.43. Cash flow sensitivity remains high to day rates and bunker spreads; management’s mix of spot exposure and time charter cover may mitigate downside while preserving upside to rate spikes. Given the last quarter’s gross margin of 66.19% and net margin of 50.71%, investors will parse any changes in voyage expenses, dry dock schedules, and fuel costs for readthroughs to margin durability.

Most promising revenue and cash generation stream

Vessel operations are positioned to remain the largest and fastest-growing contributor this quarter, with forecast revenue of 273.74 million US dollars, up 35.93% year over year. The EPS forecast of 2.43 suggests strong cash generation capacity if realized, supported by stable utilization and constructive regional arbitrage dynamics that support product tanker ton-miles. Balance sheet flexibility derived from prior deleveraging and asset value strength could enable continued capital returns should market conditions remain favorable.

Stock-price drivers for this print

Three variables are likely to drive share performance around the release: realized TCEs relative to implied consensus, updated guidance or commentary on the near-term freight market, and capital allocation signals. A realized TCE beat could validate the EPS estimate of 2.43 and reinforce positive revisions, whereas any indication of softening rates or rising opex would pressure the margin narrative. Investors will also scrutinize commentary on time charter coverage for the remainder of 2026 and the cadence of buybacks or dividends, given cash generation implied by consensus EBIT of 124.70 million US dollars.

Analyst Opinions

Most institutional commentary over the past several months skews bullish, emphasizing stronger-than-expected product tanker demand, supportive refinery trade flows, and disciplined supply growth. Several well-followed analysts highlight upside risk to earnings should Atlantic Basin arbitrage remain active and if the company continues its shareholder return program at a robust pace. The majority view also points to improving year-over-year comparables, which aligns with the forecasted 230.49% rise in adjusted EPS to 2.43 this quarter and a 35.93% revenue increase to 273.74 million US dollars. As a result, the prevailing stance anticipates a constructive print, with attention on realized TCEs, cost discipline, and forward chartering disclosures to validate the growth trajectory for the remainder of 2026.