STNG EV/EBITDA Valuation

Sources

1. Method: cyclical tanker EV/EBITDA valuation. Fair value equals normalized EBITDA times EV/EBITDA multiple plus adjusted net cash, divided by shares, with conditional dilution for the 2031 convertibles above the $100.39 conversion price. — globenewswire.com
2. STNG reported Q2 2026 adjusted EBITDA of $300.5M and H1 2026 adjusted EBITDA of $514.6M, supporting a higher but still cycle-discounted normalized EBITDA assumption. — globenewswire.com
3. Forward Q3 2026 booking data showed LR2 pool/spot TCE at $65,000 per day on 34% of expected revenue days and MR pool/spot TCE at $29,000 per day on 46% of expected revenue days. — globenewswire.com
4. As of July 28, 2026, STNG had about $1.31B of net cash after redeeming $200M of 7.5% senior notes and making $389.1M of unscheduled secured debt prepayments. — scorpiotankers.com
5. As of July 28, 2026, STNG had 50,081,352 common shares outstanding, declared a $0.45 quarterly dividend, and had $445M remaining under its repurchase authorization. — globenewswire.com
6. Recent fleet updates include 10 vessel sales in Q2, five additional vessel sales closed in July, 14 newbuildings on order, and time charters for three 2015-built MRs at about $23,900-$25,000 per day. — scorpiotankers.com