# StainlessTankers_2Q26 Earnings Presentation

- Press release: STST: Stainless Tankers announces financial results for the three months ended June 30, 2026. (2026-08-05)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02NzkwNTcmYXR0YWNobWVudElkPTMzMDQ2NQ/stainlesstankers_2q26-earnings-presentation.pdf?news-id=e2e90d3f-c29b-5b1a-b297-dbe65e3ed064
- Local copy: `data/documents/STST.OL/attachments/2026-08-05_stainlesstankers-2q26-earnings-presentat.pdf`

**TL;DR —** Stainless Tankers reported a strong Q2 2026 with net revenue up 40% QoQ to $11.3M and EBITDA up over 90% to $6.6M, driven by higher pool rates and improved fleet utilization, leading to a declared dividend of $0.135/share and a strategic decision to realize the fleet within 18 months.

## Takeaways
- **Net Revenue:** $11.3M in 2Q26, a 40% increase from $8.0M in 1Q26.
- **EBITDA:** $6.6M in 2Q26, a 90%+ increase from $3.4M in 1Q26.
- **Pool TCEs:** Averaged $21.0k/day in 2Q26, up from $16.4k/day in 1Q26.
- **NAV Total Return:** +13.7% in 2Q26, with NAV per share at $5.22.
- **Dividend:** $0.135/share declared for 2Q26, representing an annualised yield of 12.7%.
- **Fleet Growth Forecast:** ~4.6% annual growth until 2028, with potential for slippage in deliveries.

*Generated 2026-08-30 via google/gemini-2.5-flash*