Abstract

Scorpio Tankers will report its Q4 2025 results on February 12, 2026 Pre-Market. The preview assesses revenue, margins, net income, and adjusted EPS expectations, compares them with the prior quarter’s outcomes, and consolidates recent institutional views to frame the likely direction of performance and stock reaction.

Market Forecast

Consensus and company guidance imply Q4 2025 revenue of $252.21 million, a year-over-year increase of 15.06%, EBIT of $99.95 million with projected year-over-year growth of 42.81%, and adjusted EPS of $1.58 with projected year-over-year growth of 68.32%. The quarter’s margin picture is expected to remain robust, with gross profit margin supported by continued strong product tanker rates and net profit margin holding firm; year-over-year comparisons are favorable, pointing to earnings resilience. Main business highlights center on vessel operations, with revenue momentum driven by sustained charter rates and fleet utilization. The most promising segment is ships (vessel operations), contributing expected revenue of $252.21 million, reflecting a 15.06% year-over-year increase.

Last Quarter Review

Scorpio Tankers posted Q3 2025 revenue of $241.36 million, a gross profit margin of 65.70%, GAAP net profit attributable to the parent company of $84.45 million, a net profit margin of 34.99%, and adjusted EPS of $1.49, with year-over-year adjusted EPS change of -14.86% and revenue decline of -9.94%. A notable highlight was cost discipline, with EBIT of $69.96 million coming in close to estimates, underscoring operating leverage despite softer year-over-year revenue. The main business was vessel operations, which generated revenue of $241.36 million; on a year-over-year basis, total revenue declined by -9.94% due to rate normalization.

Current Quarter Outlook

Main Business: Vessel Operations and Core Earnings Drivers

Vessel operations remain the central income generator for Scorpio Tankers this quarter. With forecast revenue at $252.21 million and EBIT projected at $99.95 million, the company’s earnings trajectory is closely tied to time charter equivalent rates across product tanker classes and fleet utilization. The margin structure, evidenced by last quarter’s 65.70% gross profit margin and 34.99% net profit margin, provides a buffer against rate volatility. The company’s operating model benefits from dynamic deployment across MR, LR1, and LR2 vessels, allowing it to capture freight demand tied to refined product flows. Cost control on opex and interest savings from prior deleveraging efforts continue to support bottom-line stability, anchoring the guided EPS of $1.58.

Most Promising Segment: Fleet Earnings From Ships

The ships segment is positioned for an upturn compared with last quarter, with revenue expectations of $252.21 million, representing a 15.06% year-over-year increase. The improvement is supported by firm charter rates and healthy utilization levels, which historically correlate with stronger winter demand for refined product shipments and port congestion dynamics. The earnings leverage to rate increases is meaningful: EBIT is expected to rise 42.81% year-over-year to $99.95 million, outpacing revenue growth, indicating potential benefits from operating efficiency and lower unit costs. If spot rates remain elevated through the quarter while voyage and bunker costs are managed tightly, the EPS forecast of $1.58 becomes attainable, with upside if fleet days are maximized without material off-hire.

Key Stock Price Drivers This Quarter

Three elements are likely to influence the stock into and through the print. The first is realized TCE rates across the fleet relative to the company’s implied guidance; this directly impacts gross profit margin and the net profit margin trajectory disclosed last quarter. The second is the degree of cost containment and potential further reduction in interest burden, which, given last quarter’s 34.99% net profit margin, acts as a stabilizer for EPS performance. The third is management’s commentary on demand and supply balance—particularly any visibility into charter coverage, scheduled dry-dock days, and post-quarter rate trends—which investors often use to recalibrate models for the upcoming fiscal periods. Clear evidence of sustained rate strength would support the projected EBIT growth of 42.81% year-over-year.

Analyst Opinions

Across recent institutional commentary, the majority stance is constructive heading into the Q4 2025 report. Bullish views emphasize durable tanker market fundamentals and the company’s operational positioning, noting that projected revenue growth of 15.06% and EBIT growth of 42.81% year-over-year reflect tight refined product shipping capacity and steady demand. Analysts highlight that adjusted EPS guidance of $1.58, up 68.32% year-over-year, is consistent with the stronger rate environment relative to a softer comparison base. The positive case focuses on disciplined capital allocation, leverage reduction achieved over prior quarters, and the earnings sensitivity to winter trade lanes and fleet mix. Institutions with favorable assessments expect the company to meet or modestly exceed its guidance on revenue and EPS, citing healthy charter markets and efficient operations as catalysts for near-term performance.