Scorpio Tankers (STNG)
Market Price (7/30/2026): $78.66 | Market Cap: $3.7 BilSector: Energy | Industry: Oil & Gas Storage & Transportation
Scorpio Tankers (STNG)
Market Price (7/30/2026): $78.66Market Cap: $3.7 BilSector: EnergyIndustry: Oil & Gas Storage & Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 13% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 45% Low stock price volatilityVol 12M is 37% Megatrend and thematic driversMegatrends include Global Energy Logistics. Themes include Global Refined Product Shipping, Maritime Decarbonization & Efficiency, and Energy Supply Chain Resilience. | Weak multi-year price returns2Y Excs Rtn is -24% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16% Key risksSTNG key risks include [1] high susceptibility to volatile tanker charter rates and [2] substantial capital expenditures required for fleet modernization and evolving environmental regulations. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 16%, Dividend Yield is 2.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 12%, FCF Yield is 13% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -11% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 57%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 45% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Global Energy Logistics. Themes include Global Refined Product Shipping, Maritime Decarbonization & Efficiency, and Energy Supply Chain Resilience. |
| Weak multi-year price returns2Y Excs Rtn is -24% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -16% |
| Key risksSTNG key risks include [1] high susceptibility to volatile tanker charter rates and [2] substantial capital expenditures required for fleet modernization and evolving environmental regulations. |
Qualitative Assessment
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Scorpio Tankers (STNG) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Scorpio Tankers reported robust financial results for fiscal Q1 2026, exceeding analyst expectations, and provided strong guidance for fiscal Q2 2026 Time Charter Equivalent (TCE) rates. For fiscal Q1 2026, which ended on March 31, 2026, the company announced adjusted net income of $150.9 million, or $3.02 diluted earnings per share (EPS), surpassing the analyst consensus of $2.59 per share by 16.6%. Revenue increased 48% year-over-year to $303.0 million. Furthermore, as of June 18, 2026, Scorpio Tankers provided an update indicating strong average daily TCE rates for fiscal Q2 2026, with LR2 vessels achieving $80,000 per day, MR vessels $53,000 per day, and Handymax vessels $54,000 per day in the pool and spot market, with coverage ranging from 80% to 90% of expected revenue days.
2. The product tanker market benefited from significant geopolitical disruptions, primarily the de facto closure of the Strait of Hormuz, which amplified tonne-mile demand. By May 2026, the ongoing disruption in the Strait of Hormuz, extending into its third month, fundamentally reshaped global trade flows, leading to elevated tanker earnings across the sector. This situation increased the average sailing distances for product tankers as vessels took longer routes to bypass the affected region, tightening the supply-demand balance and driving spot rates higher.
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Scorpio Tankers (STNG) stock has gained about 5% since 3/31/2026 because of the following key factors:
1. Scorpio Tankers reported robust financial results for fiscal Q1 2026, exceeding analyst expectations, and provided strong guidance for fiscal Q2 2026 Time Charter Equivalent (TCE) rates. For fiscal Q1 2026, which ended on March 31, 2026, the company announced adjusted net income of $150.9 million, or $3.02 diluted earnings per share (EPS), surpassing the analyst consensus of $2.59 per share by 16.6%. Revenue increased 48% year-over-year to $303.0 million. Furthermore, as of June 18, 2026, Scorpio Tankers provided an update indicating strong average daily TCE rates for fiscal Q2 2026, with LR2 vessels achieving $80,000 per day, MR vessels $53,000 per day, and Handymax vessels $54,000 per day in the pool and spot market, with coverage ranging from 80% to 90% of expected revenue days.
2. The product tanker market benefited from significant geopolitical disruptions, primarily the de facto closure of the Strait of Hormuz, which amplified tonne-mile demand. By May 2026, the ongoing disruption in the Strait of Hormuz, extending into its third month, fundamentally reshaped global trade flows, leading to elevated tanker earnings across the sector. This situation increased the average sailing distances for product tankers as vessels took longer routes to bypass the affected region, tightening the supply-demand balance and driving spot rates higher.
3. Scorpio Tankers demonstrated disciplined capital allocation and enhanced its balance sheet strength through strategic actions. On May 5, 2026, the company declared a quarterly cash dividend of $0.45 per share and authorized the replenishment of its securities repurchase program to $500.0 million, signaling confidence in future profitability and commitment to shareholder returns. Additionally, the company recently redeemed $200 million of 7.5% Senior Unsecured Notes due 2030 and secured a new $90 million credit facility to finance four new scrubber-fitted MR product tankers, showcasing a focus on debt reduction, fleet renewal, and improved financial flexibility.
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Stock Movement Drivers
Fundamental Drivers
The 5.8% change in STNG stock from 3/31/2026 to 7/29/2026 was primarily driven by a 32.0% change in the company's Net Income Margin (%).| (LTM values as of) | 3312026 | 7292026 | Change |
|---|---|---|---|
| Stock Price ($) | 74.21 | 78.53 | 5.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 938 | 1,037 | 10.5% |
| Net Income Margin (%) | 36.7% | 48.4% | 32.0% |
| P/E Multiple | 10.2 | 7.4 | -27.4% |
| Shares Outstanding (Mil) | 47 | 47 | -0.1% |
| Cumulative Contribution | 5.8% |
Market Drivers
3/31/2026 to 7/29/2026| Return | Correlation | |
|---|---|---|
| STNG | 5.8% | |
| Market (SPY) | 12.2% | 7.0% |
| Sector (XLE) | -4.3% | 10.6% |
Fundamental Drivers
The 56.3% change in STNG stock from 12/31/2025 to 7/29/2026 was primarily driven by a 51.3% change in the company's Net Income Margin (%).| (LTM values as of) | 12312025 | 7292026 | Change |
|---|---|---|---|
| Stock Price ($) | 50.23 | 78.53 | 56.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 890 | 1,037 | 16.6% |
| Net Income Margin (%) | 32.0% | 48.4% | 51.3% |
| P/E Multiple | 8.2 | 7.4 | -10.3% |
| Shares Outstanding (Mil) | 47 | 47 | -1.3% |
| Cumulative Contribution | 56.3% |
Market Drivers
12/31/2025 to 7/29/2026| Return | Correlation | |
|---|---|---|
| STNG | 56.3% | |
| Market (SPY) | 7.3% | 9.0% |
| Sector (XLE) | 32.0% | 11.3% |
Fundamental Drivers
The 106.3% change in STNG stock from 6/30/2025 to 7/29/2026 was primarily driven by a 115.2% change in the company's P/E Multiple.| (LTM values as of) | 6302025 | 7292026 | Change |
|---|---|---|---|
| Stock Price ($) | 38.07 | 78.53 | 106.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,067 | 1,037 | -2.8% |
| Net Income Margin (%) | 48.1% | 48.4% | 0.7% |
| P/E Multiple | 3.4 | 7.4 | 115.2% |
| Shares Outstanding (Mil) | 46 | 47 | -2.2% |
| Cumulative Contribution | 106.3% |
Market Drivers
6/30/2025 to 7/29/2026| Return | Correlation | |
|---|---|---|
| STNG | 106.3% | |
| Market (SPY) | 19.1% | 8.3% |
| Sector (XLE) | 41.6% | 13.6% |
Fundamental Drivers
The 80.7% change in STNG stock from 6/30/2023 to 7/29/2026 was primarily driven by a 173.2% change in the company's P/E Multiple.| (LTM values as of) | 6302023 | 7292026 | Change |
|---|---|---|---|
| Stock Price ($) | 43.47 | 78.53 | 80.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 1,773 | 1,037 | -41.5% |
| Net Income Margin (%) | 51.6% | 48.4% | -6.1% |
| P/E Multiple | 2.7 | 7.4 | 173.2% |
| Shares Outstanding (Mil) | 57 | 47 | 20.4% |
| Cumulative Contribution | 80.7% |
Market Drivers
6/30/2023 to 7/29/2026| Return | Correlation | |
|---|---|---|
| STNG | 80.7% | |
| Market (SPY) | 70.4% | 16.5% |
| Sector (XLE) | 57.9% | 32.9% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| STNG Return | 17% | 325% | 15% | -16% | 6% | 57% | 706% |
| Peers Return | -0% | 224% | 39% | -12% | 25% | 72% | 753% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| STNG Win Rate | 42% | 100% | 50% | 25% | 50% | 57% | |
| Peers Win Rate | 39% | 69% | 64% | 42% | 67% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 43% | |
Max Drawdowns [4] | |||||||
| STNG Max Drawdown | -51% | -22% | -35% | -43% | -43% | -20% | |
| Peers Max Drawdown | -36% | -24% | -29% | -48% | -31% | -22% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ASC, TNK, INSW.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/29/2026 (YTD)
How Low Can It Go
| Event | STNG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.9% | -18.8% |
| % Gain to Breakeven | 33.2% | 23.1% |
| Time to Breakeven | 70 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.3% | 7.1% |
| Time to Breakeven | 129 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.5% | -24.5% |
| % Gain to Breakeven | 18.3% | 32.4% |
| Time to Breakeven | 11 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.9% | -33.7% |
| % Gain to Breakeven | 78.2% | 50.9% |
| Time to Breakeven | 33 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.2% | -19.2% |
| % Gain to Breakeven | 39.2% | 23.8% |
| Time to Breakeven | 49 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.0% | -3.7% |
| % Gain to Breakeven | 29.9% | 3.9% |
| Time to Breakeven | 37 days | 6 days |
In The Past
Scorpio Tankers's stock fell -24.9% during the 2025 US Tariff Shock. Such a loss loss requires a 33.2% gain to breakeven.
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| Event | STNG | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.9% | -18.8% |
| % Gain to Breakeven | 33.2% | 23.1% |
| Time to Breakeven | 70 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -27.2% | -6.7% |
| % Gain to Breakeven | 37.3% | 7.1% |
| Time to Breakeven | 129 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -43.9% | -33.7% |
| % Gain to Breakeven | 78.2% | 50.9% |
| Time to Breakeven | 33 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -28.2% | -19.2% |
| % Gain to Breakeven | 39.2% | 23.8% |
| Time to Breakeven | 49 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -23.0% | -3.7% |
| % Gain to Breakeven | 29.9% | 3.9% |
| Time to Breakeven | 37 days | 6 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -53.0% | -12.2% |
| % Gain to Breakeven | 112.6% | 13.9% |
| Time to Breakeven | 3017 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -46.1% | -6.8% |
| % Gain to Breakeven | 85.7% | 7.3% |
| Time to Breakeven | 2906 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.9% | -17.9% |
| % Gain to Breakeven | 66.4% | 21.8% |
| Time to Breakeven | 491 days | 123 days |
In The Past
Scorpio Tankers's stock fell -24.9% during the 2025 US Tariff Shock. Such a loss loss requires a 33.2% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Scorpio Tankers (STNG)
Scorpio Tankers Inc. (STNG) is a Monaco-based shipping company established in 2009. It specializes in the global seaborne transportation of refined petroleum products. Essentially, the company acts as a vital link in the energy supply chain, moving fuels like gasoline, diesel, and jet fuel across oceans.
The company achieves this through its substantial fleet of modern tankers. As of March 2022, Scorpio Tankers operated 124 vessels, including various sizes such as LR2, LR1, MR, and Handymax tankers, with a weighted average age of approximately 6.2 years. These vessels are either owned, finance leased, or bareboat chartered-in. Its primary customers are global oil refiners, commodity traders, and distributors who require efficient and reliable transport for their refined petroleum products to markets worldwide.
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Here are 1-2 brief analogies for Scorpio Tankers (STNG):
- It's like the Maersk of refined petroleum transportation.
- Think of them as the Delta Airlines for refined oil products, but on the high seas.
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- LR2 Tanker Services: Seaborne transportation of large quantities of refined petroleum products using LR2 (Long Range 2) vessels.
- LR1 Tanker Services: Seaborne transportation of refined petroleum products on long-range routes using LR1 (Long Range 1) vessels.
- MR Tanker Services: Seaborne transportation of medium quantities of refined petroleum products across various routes using MR (Medium Range) vessels.
- Handymax Tanker Services: Seaborne transportation of smaller quantities of refined petroleum products using Handymax vessels.
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Scorpio Tankers Inc. (STNG) operates in the business-to-business sector, providing seaborne transportation services for refined petroleum products. Due to the nature of their chartering business, which involves numerous contracts with various entities, Scorpio Tankers does not publicly disclose individual major customers by name. Their SEC filings indicate that no single customer accounted for 10% or more of their total revenues for the past several years, signifying a diversified customer base.
However, Scorpio Tankers' customers generally fall into the following categories, as identified in their public filings:
-
Major Oil Companies: These are large, integrated companies involved in all aspects of the oil and gas industry, from exploration and production to refining and marketing.
Examples of such companies (not necessarily specific direct customers of STNG, but representative of the type of customer): -
National Oil Companies (NOCs): These are oil and gas companies that are owned or controlled by national governments.
Examples of such companies (not necessarily specific direct customers of STNG, but representative of the type of customer): -
Oil Traders: Companies that specialize in buying, selling, and transporting crude oil and refined petroleum products on the global market. Many significant oil traders are privately held.
Examples of such companies (not necessarily specific direct customers of STNG, but representative of the type of customer):- Glencore (GLEN.L - London Stock Exchange, also trades commodities including oil)
- Vitol (Private company)
- Trafigura (Private company)
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Emanuele Lauro, Chief Executive Officer
Mr. Lauro is the founder, Chairman, and Chief Executive Officer of Scorpio Tankers Inc. (NYSE: STNG) since the closing of its initial public offering in April 2010. He also co-founded and served as Chairman and Chief Executive Officer of Eneti Inc., which was formed in 2013 and merged with Cadeler (NYSE: CDLR) in December 2023. Since January 2024, he has served as Vice-Chairman of the Cadeler Board of Directors. He has chaired and held executive roles in various US-listed as well as private entities in the maritime industry. Additionally, he founded and developed Scorpio Logistics in 2007.
Christopher Avella, Chief Financial Officer
Mr. Avella has been with Scorpio Tankers since 2010. He previously served as the Chief Accounting Officer from 2021 through 2023 and Controller from 2014 through 2021. He also served as the Chief Financial Officer of Hermitage Offshore Services Ltd. between 2019 and 2021. Prior to joining Scorpio Tankers, he was a senior manager at Ernst & Young, working in its audit practice from 2002 through 2006 and its transaction advisory services practice from 2006 through 2010.
Robert Bugbee, President & Director
Mr. Bugbee joined Scorpio in March 2009 and has served as President of the Scorpio group of companies and Scorpio Tankers Inc. since the closing of its initial public offering in April 2010. He brings over 36 years of experience in the shipping industry. He also co-founded and served as President and Director of Eneti Inc. from 2013 to 2022, and served as President and director of Hermitage Offshore Services Ltd. between 2018 and 2021. Before joining Scorpio, Mr. Bugbee was a partner at Ospraie Management LLP from 2007 to 2008, and served as President of OMI Corporation, an NYSE-listed tanker company that was sold in 2007.
Cameron Mackey, Chief Operating Officer & Director
Mr. Mackey has served as the Company's Chief Operating Officer since the closing of its initial public offering in April 2010 and as a Director from May 2013 until October 2025. He joined Scorpio in March 2009. He also served as Chief Operating Officer of Eneti Inc. from 2013 to 2022. Prior to joining Scorpio, he was an equity and commodity analyst at Ospraie Management LLC from 2007 to 2008 and Senior Vice President of OMI Marine Services LLC from 2004 to 2007. He has been employed in the shipping industry since 1994, including licensed positions in the merchant navy on tankers for Mobil Oil Corporation.
Lars Dencker Nielsen, Chief Commercial Officer
Mr. Nielsen joined Scorpio in 2018 as Commercial Director and currently holds the position of Chief Commercial Officer. He previously served as the CEO of Jellicoe Tankers Ltd. Prior to that, he was a Global Chartering Manager at BP from 2004 to June 2012. He has extensive experience in the shipping industry, with over 20 years at a top tier level.
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- Market Cyclicality and Fluctuations in Demand and Charter Rates: Scorpio Tankers operates in a cyclical industry where freight rates and vessel values are highly susceptible to changes in the global supply and demand for refined petroleum products and tanker capacity. An oversupply of new vessels or a decline in demand for petroleum products could lead to lower charter rates and diminished profitability. Forecasted revenues for Scorpio Tankers indicate potential demand challenges ahead.
- Geopolitical Instability and Disruption of Shipping Routes: As a company engaged in worldwide seaborne transportation, Scorpio Tankers is exposed to geopolitical events and regional conflicts that can disrupt crucial shipping routes, leading to increased transit times, higher operating costs (such as insurance premiums and bunker prices), and potential delays. Examples include military escalations that affect vital passages like the Strait of Hormuz, which is a critical corridor for a significant portion of global seaborne oil trade and refined oil products.
- Energy Transition and Environmental Regulations: The long-term global shift away from fossil fuels and increasing emphasis on sustainability pose a significant risk to the demand for refined petroleum products. Additionally, Scorpio Tankers faces risks from evolving governmental rules and environmental regulations, which can lead to higher regulatory and fleet renewal costs to comply with stricter emission standards and other environmental mandates.
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For Scorpio Tankers (STNG), several key factors are expected to drive future revenue growth over the next two to three years:
- Sustained Strong Product Tanker Rates and Ton-Mile Demand: The company anticipates continued strength in product tanker rates, building on a trend of five consecutive quarters of improvement, with momentum extending into Q1 2026. This is driven by structural factors such as refinery closures lengthening trade routes and expanding ton-mile demand. Geopolitical events, like recent attacks in the US-Iran region, have also contributed to a surge in product tanker rates.
- Fleet Modernization and Operational Efficiency: Scorpio Tankers is actively upgrading its fleet by selling older vessels and investing in modern newbuildings. This strategy aims to create a younger, more efficient fleet, positioning the company for higher earnings power and enhancing its ability to capitalize on market conditions.
- Strengthened Financial Position and Flexibility: A significant reduction in net debt, transitioning from $3.1 billion in 2021 to a net cash position of $309 million in Q1 2026, provides Scorpio Tankers with substantial financial resilience. This, coupled with approximately $1.7 billion in liquidity and a historically low daily cash breakeven of $11,000 per vessel, enhances the company's ability to navigate market volatility, make strategic investments, and generate strong free cash flow, thereby supporting revenue growth.
- Increased Demand for Longer-Term Time Charters: The company has observed a strong increase in demand for multiyear time charters, including three- and five-year deals, for its LR2/Aframax and MR vessels. Securing these longer-term contracts provides more stable and predictable revenue streams, contributing to consistent top-line growth.
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Share Repurchases
- In 2024, Scorpio Tankers repurchased $336 million of its common stock.
- In 2023, the company repurchased shares for $489 million.
- As of February 12, 2026, $173.4 million remained available under the company's share repurchase program.
Outbound Investments
- Scorpio Tankers increased its stake in DHT Holdings Inc.
- Since October 28, 2025, the company sold its remaining 3,551,794 common shares in DHT Holdings Inc. at an average price of $13.40 per share, resulting in an approximate $30 million cash gain.
Capital Expenditures
- Scorpio Tankers purchased two new scrubber-fitted LR2 product tankers for $70.8 million each, with delivery scheduled for the third quarter of 2027.
- The company declared options to purchase two additional scrubber-fitted LR2 newbuilding product tankers for $68.5 million per vessel, with deliveries expected in the third and fourth quarters of 2029.
- The overall newbuilding orderbook includes four LR2s, four MR tankers due for delivery in 2026 and 2027, and two VLCCs slated for the second half of 2028, reflecting a strategy of fleet renewal and growth.
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Peer Comparisons
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Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 78.36 |
| Mkt Cap | 3.2 |
| Rev LTM | 996 |
| Op Inc LTM | 353 |
| FCF LTM | 80 |
| FCF 3Y Avg | 273 |
| CFO LTM | 410 |
| CFO 3Y Avg | 483 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.4% |
| Rev Chg 3Y Avg | -8.6% |
| Rev Chg Q | 53.8% |
| QoQ Delta Rev Chg LTM | 12.1% |
| Op Inc Chg LTM | 32.3% |
| Op Inc Chg 3Y Avg | -4.6% |
| Op Mgn LTM | 34.6% |
| Op Mgn 3Y Avg | 36.2% |
| QoQ Delta Op Mgn LTM | 7.9% |
| CFO/Rev LTM | 41.2% |
| CFO/Rev 3Y Avg | 45.4% |
| FCF/Rev LTM | 8.5% |
| FCF/Rev 3Y Avg | 23.8% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Long Rang 2 (LR2) | 444 | 571 | 531 | 571 | 181 |
| Medium Range (MR) | 378 | 552 | 656 | 737 | 263 |
| Handymax | 116 | 121 | 155 | 244 | 50 |
| Corporate and eliminations | 0 | 0 | 0 | 0 | 0 |
| Long Rang 1 | 11 | 47 | |||
| Total | 938 | 1,244 | 1,341 | 1,563 | 541 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Long Rang 2 (LR2) | 236 | 373 | 325 | 331 | -19 |
| Medium Range (MR) | 190 | 450 | 386 | 447 | -14 |
| Handymax | 46 | 56 | 91 | 140 | -13 |
| Corporate and eliminations | -127 | -210 | -255 | -239 | -184 |
| Long Rang 1 | -43 | -5 | |||
| Total | 344 | 669 | 547 | 637 | -234 |
Price Behavior
| Market Price | $78.53 | |
| Market Cap ($ Bil) | 3.7 | |
| First Trading Date | 03/31/2010 | |
| Distance from 52W High | -8.8% | |
| 50 Days | 200 Days | |
| DMA Price | $77.17 | $68.16 |
| DMA Trend | up | down |
| Distance from DMA | 1.8% | 15.2% |
| 3M | 1YR | |
| Volatility | 34.2% | 37.4% |
| Downside Capture | 24.95 | -37.12 |
| Upside Capture | 9.98 | 38.63 |
| Correlation (SPY) | -1.1% | 7.7% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.14 | -0.13 | 0.21 | 0.23 | 0.22 | 0.40 |
| Up Beta | -0.54 | -0.80 | 0.22 | 0.58 | 0.34 | 0.39 |
| Down Beta | -0.83 | -0.72 | -0.44 | 0.68 | 0.55 | 0.79 |
| Up Capture | -23% | -28% | 12% | 26% | 31% | 8% |
| Bmk +ve Days | 11 | 24 | 40 | 67 | 140 | 429 |
| Stock +ve Days | 9 | 18 | 33 | 69 | 135 | 382 |
| Down Capture | 56% | 85% | 72% | -55% | -50% | 28% |
| Bmk -ve Days | 10 | 17 | 23 | 58 | 112 | 321 |
| Stock -ve Days | 12 | 23 | 30 | 56 | 117 | 369 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STNG | |
|---|---|---|---|---|
| STNG | 80.5% | 37.3% | 1.65 | - |
| Sector ETF (XLE) | 36.5% | 21.1% | 1.38 | 10.9% |
| Equity (SPY) | 15.6% | 12.8% | 0.86 | 7.7% |
| Gold (GLD) | 21.6% | 28.1% | 0.68 | 5.3% |
| Commodities (DBC) | 31.5% | 19.7% | 1.27 | 6.2% |
| Real Estate (VNQ) | 15.9% | 14.0% | 0.82 | 10.0% |
| Bitcoin (BTCUSD) | -46.1% | 42.9% | -1.32 | 11.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STNG | |
|---|---|---|---|---|
| STNG | 38.4% | 44.7% | 0.87 | - |
| Sector ETF (XLE) | 23.2% | 25.8% | 0.80 | 41.1% |
| Equity (SPY) | 12.4% | 17.1% | 0.55 | 18.5% |
| Gold (GLD) | 17.1% | 18.4% | 0.75 | 3.8% |
| Commodities (DBC) | 9.3% | 19.5% | 0.36 | 28.4% |
| Real Estate (VNQ) | 2.9% | 18.9% | 0.05 | 9.7% |
| Bitcoin (BTCUSD) | 14.7% | 53.3% | 0.46 | 8.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with STNG | |
|---|---|---|---|---|
| STNG | 8.6% | 54.1% | 0.37 | - |
| Sector ETF (XLE) | 9.8% | 29.6% | 0.37 | 38.5% |
| Equity (SPY) | 14.7% | 17.9% | 0.70 | 27.8% |
| Gold (GLD) | 11.3% | 16.1% | 0.57 | 0.2% |
| Commodities (DBC) | 7.1% | 18.0% | 0.32 | 25.2% |
| Real Estate (VNQ) | 5.1% | 20.7% | 0.21 | 19.6% |
| Bitcoin (BTCUSD) | 57.7% | 66.2% | 0.98 | 5.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/2/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 6-K |
| 12/31/2025 | 03/20/2026 | 20-F |
| 09/30/2025 | 10/30/2025 | 6-K |
| 06/30/2025 | 08/28/2025 | 6-K |
| 03/31/2025 | 05/01/2025 | 6-K |
| 12/31/2024 | 03/21/2025 | 20-F |
| 09/30/2024 | 10/29/2024 | 6-K |
| 06/30/2024 | 07/30/2024 | 6-K |
| 03/31/2024 | 05/09/2024 | 6-K |
| 12/31/2023 | 03/22/2024 | 20-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 09/29/2023 | 6-K |
| 03/31/2023 | 05/02/2023 | 6-K |
| 12/31/2022 | 03/24/2023 | 20-F |
| 09/30/2022 | 11/01/2022 | 6-K |
| 06/30/2022 | 10/03/2022 | 6-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 6-K |
| 12/31/2025 | 03/20/2026 | 20-F |
| 09/30/2025 | 10/30/2025 | 6-K |
| 06/30/2025 | 08/28/2025 | 6-K |
| 03/31/2025 | 05/01/2025 | 6-K |
| 12/31/2024 | 03/21/2025 | 20-F |
| 09/30/2024 | 10/29/2024 | 6-K |
| 06/30/2024 | 07/30/2024 | 6-K |
| 03/31/2024 | 05/09/2024 | 6-K |
| 12/31/2023 | 03/22/2024 | 20-F |
| 09/30/2023 | 11/09/2023 | 6-K |
| 06/30/2023 | 09/29/2023 | 6-K |
| 03/31/2023 | 05/02/2023 | 6-K |
| 12/31/2022 | 03/24/2023 | 20-F |
| 09/30/2022 | 11/01/2022 | 6-K |
| 06/30/2022 | 10/03/2022 | 6-K |
| 03/31/2022 | 04/28/2022 | 6-K |
| 12/31/2021 | 03/23/2022 | 20-F |
| 09/30/2021 | 11/12/2021 | 6-K |
| 06/30/2021 | 10/01/2021 | 6-K |
| 03/31/2021 | 05/10/2021 | 6-K |
| 12/31/2020 | 03/31/2021 | 20-F |
| 09/30/2020 | 12/10/2020 | 6-K |
| 06/30/2020 | 10/09/2020 | 6-K |
| 03/31/2020 | 05/26/2020 | 6-K |
| 12/31/2019 | 03/31/2020 | 20-F |
| 09/30/2019 | 11/07/2019 | 6-K |
| 06/30/2019 | 09/24/2019 | 6-K |
Investor Activity (13F)
Updated Jul 30, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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