Earnings summaries and quarterly performance for International Seaways.
Executive leadership at International Seaways.
Lois Zabrocky
Detailed
President and Chief Executive Officer
CEO
DS
Derek Solon
Detailed
Senior Vice President (Chief Commercial Officer)
JS
James Small
Detailed
Chief Administrative Officer, Senior Vice President, General Counsel & Secretary
JP
Jeffrey Pribor
Detailed
Chief Financial Officer, Senior Vice President
WN
William Nugent
Detailed
Senior Vice President (Chief Technical and Sustainability Officer)
Board of directors at International Seaways.
Research analysts who have asked questions during International Seaways earnings calls.
Omar Nokta
Jefferies
6 questions for INSW
Also covers: AMKBY, ASC, CCEC +21 more
SE
Sherif Elmaghrabi
BTIG
6 questions for INSW
Also covers: BE, DHT, FIP +13 more
Liam Burke
B. Riley Financial
5 questions for INSW
Also covers: ALTG, BWMN, CCEC +23 more
Christopher Robertson
Deutsche Bank AG
4 questions for INSW
Also covers: EE, GLNG, GNK +4 more
Chris Robertson
Deutsche Bank
2 questions for INSW
Also covers: EE, GLNG, GNK +3 more
BN
Benjamin Nolan
Stifel
1 question for INSW
Also covers: ASC, CDLR, CMRE +17 more
FG
Frank Galanti
Stifel
1 question for INSW
Also covers: ATSG, NFE, NVGS +1 more
Recent press releases and 8-K filings for INSW.
International Seaways Inc. Reports Strong Q4 2025 Results and Declares Record Dividend
INSW
Earnings
Dividends
M&A
- International Seaways Inc. (INSW) reported net income of $128 million or $2.56 per diluted share and adjusted EBITDA of $175 million for the fourth quarter of 2025.
- The company declared its largest ever quarterly dividend of $2.15 per share, representing an 87% payout ratio of Q4 adjusted net income, bringing total shareholder returns since 2020 to over $1 billion.
- INSW maintains a strong financial position with $724 million in total liquidity, including nearly $170 million in cash and $560 million in undrawn revolver capacity, and a net loan to value below 13%.
- Strategic moves include consolidating Tankers International by acquiring the remaining 50% interest and fleet renewal through the sale of 10 older vessels for $131 million in Q4 2025.
- For Q1 2026, the company expects a blended average spot TCE of approximately $50,900 per day at 71% of expected revenue days, with a projected 2026 breakeven rate of about $14,800 per day.
1 day ago
International Seaways Reports Strong Q4 2025 Results and Declares Record Dividend
INSW
Earnings
Dividends
Guidance Update
- International Seaways (INSW) reported strong financial results for Q4 2025, with Net Income of $127.5 million and Adjusted Net Income of $122.0 million.
- The company declared its largest quarterly dividend in history at $2.15 per share, representing an 87% payout ratio of Q4 2025 adjusted net income, and extended its $50 million share repurchase program to the end of 2026.
- INSW maintained a healthy balance sheet with $724 million in total liquidity and a Net Loan to Value of 13%, alongside strategic fleet optimization including the delivery of a new VLCC and sales of older vessels.
- For Q1 2026, the company has 71% of its blended spot fixtures fixed at approximately $50,900 per day, with VLCCs fixed at $79,500 per day and Suezmaxes at $59,300 per day.
1 day ago
International Seaways Reports Strong Q4 2025 Results and Declares Record Dividend
INSW
Earnings
Dividends
Guidance Update
- International Seaways reported Q4 2025 net income of $128 million ($2.56 per diluted share) and adjusted net income of $122 million ($2.45 per diluted share), with adjusted EBITDA of $175 million.
- The company declared its largest-ever quarterly dividend of $2.15 per share, representing an 87% payout ratio of adjusted net income for Q4 2025, contributing to over $1 billion in total shareholder returns since 2020. A $50 million share repurchase program is also in place until the end of 2026.
- As of Q4 2025, the company reported $724 million in total liquidity, including nearly $170 million in cash and $560 million in undrawn revolver capacity, with a net loan-to-value below 13%. Strategic fleet management included repaying $258 million in leases and selling 10 older vessels for $131 million in Q4 2025, with an additional seven older vessels sold for $216 million in early 2026.
- For Q1 2026, International Seaways has a blended average spot TCE of approximately $50,900 per day at 71% of expected revenue days, against an expected 2026 breakeven rate of $14,800 per day. The company anticipates a continued upcycle in tanker shipping over the next few years, driven by solid demand fundamentals and supply-side constraints.
1 day ago
International Seaways Reports Strong Q4 2025 Results and Declares Record Dividend
INSW
Earnings
Dividends
Guidance Update
- International Seaways reported net income of $128 million or $2.56 per diluted share and adjusted net income of $122 million or $2.45 per diluted share for Q4 2025, with adjusted EBITDA reaching $175 million.
- The company declared its largest ever quarterly dividend of $2.15 per share, representing an 87% payout ratio of Q4 adjusted net income, bringing total returns to shareholders since 2020 to over $1 billion. A $50 million share repurchase program is also in place until the end of 2026.
- International Seaways maintains $724 million in total liquidity, a net loan to value below 13%, and a cost of debt below 6%. The company acquired the remaining 50% interest in Tankers International, took delivery of a new VLCC, and sold 17 older vessels for proceeds totaling $347 million.
- Management reported a blended average spot TCE of approximately $50,900 per day for Q1 2026 (71% booked) and an expected 2026 breakeven rate of about $14,800 per day. They anticipate a continued upcycle due to solid demand fundamentals, geopolitical factors, and a tanker order book well below fleet replacement.
1 day ago
International Seaways Reports Q4 and Full Year 2025 Results
INSW
Earnings
Dividends
New Projects/Investments
- International Seaways reported net income of $128 million, or $2.56 per diluted share, for the fourth quarter of 2025, and $309 million, or $6.23 per diluted share, for the full year 2025. Adjusted net income for Q4 2025 was $122 million, or $2.45 per diluted share, and Adjusted EBITDA was $175 million for Q4 2025 and $475 million for the full year.
- The company declared a combined dividend of $2.15 per share for Q4 2025, payable in March 2026, representing 87% of adjusted net income. Total shareholder returns have exceeded $1 billion since 2020.
- As of December 31, 2025, total liquidity was $724 million, comprising $167 million in cash and $557 million in undrawn revolving credit capacity, with a net loan-to-value of approximately 13%.
- Fleet optimization efforts in 2025 included selling 10 vessels for approximately $131 million and taking delivery of the Seaways Gibbs Hill VLCC for $119 million. The company also consolidated ownership of Tankers International and expects to sell seven additional vessels in 2026 for approximately $216 million.
1 day ago
International Seaways Reports Fourth Quarter and Full Year 2025 Results
INSW
Earnings
Dividends
New Projects/Investments
- International Seaways reported net income of $128 million and Adjusted EBITDA of $175 million for the fourth quarter of 2025, with full-year 2025 net income at $309 million and Adjusted EBITDA at $475 million.
- The company declared a combined dividend of $2.15 per share to be paid in March 2026, representing 87% of adjusted net income, and has provided over $1 billion in returns to shareholders since 2020.
- In 2025, International Seaways sold 10 vessels for approximately $131 million and took delivery of two LR1 newbuildings, with four more LR1 newbuildings on track for delivery in 2026. The company also acquired sole ownership of Tankers International.
- As of December 31, 2025, total liquidity was $724 million, including $167 million in cash, and net loan-to-value remained low at approximately 13%. The company also unencumbered six VLCCs following the repayment of sale leaseback arrangements.
1 day ago
International Seaways announces sale of five vessels
INSW
- International Seaways, Inc. (INSW) announced on January 29, 2026, that it has sold or entered into agreements to sell five vessels since the start of the year.
- The sales are expected to generate aggregate proceeds of approximately $185 million, net of commissions and fees.
- The Company anticipates recognizing gains from these vessel sales of approximately $65 million.
- The transactions, involving three MRs (average age 18 years) and two VLCCs (average age 15 years), are expected to close during the first quarter of 2026.
Jan 29, 2026, 1:00 PM
International Seaways Acquires Tankers International and Expands into Suezmax Market
INSW
M&A
New Projects/Investments
- On January 27, 2026, a wholly-owned subsidiary of International Seaways, Inc. acquired sole ownership of Tankers International.
- Tankers International, previously focused on VLCCs, is expanding into the Suezmax market with the formation of a new pool.
- International Seaways will contribute its spot trading Suezmaxes to this new Suezmax pool.
- This strategic move aims to provide greater agility and flexibility for customers and partners, enhancing operational efficiency and maximizing earnings potential across crude transportation markets.
Jan 27, 2026, 2:10 PM
INSW Announces Q3 2025 Financial Results and Strategic Updates
INSW
Earnings
Dividends
Share Buyback
- INSW reported Net Income of $71 million and Adjusted Net Income of $57 million, or $1.15 per share on an adjusted basis, for Q3 2025.
- The company declared a $0.86 per share dividend for Q3 2025, representing a 75% payout ratio of adjusted net income, and extended its $50 million share repurchase program to the end of 2026.
- INSW sold 5 older vessels for $67 million in Q3 2025, agreed to purchase a 2020-built VLCC for $119 million, and maintained total liquidity of $985 million as of Q3 2025.
- For Q4 2025, 47% of the blended spot fixtures are fixed at approximately $40,400 per day.
Nov 6, 2025, 2:00 PM
INSW Reports Q3 2025 Financial Results and Updates Capital Allocation Strategy
INSW
Earnings
Dividends
Share Buyback
- For Q3 2025, International Seaways reported net income of $71 million ($1.42 per diluted share) and adjusted EBITDA of $108 million.
- The company announced a combined dividend of $0.86 per share to be paid in December and extended its $50 million share repurchase program to the end of 2026. It ended Q3 2025 with $985 million in total liquidity and $413 million in cash.
- International Seaways continued its fleet renewal strategy with vessel sales and purchases , and expects a Q4 2025 blended average spot TCE of about $40,400 per day for 47% of expected revenue dates, with an expected 2026 break-even rate around $14,500 per day.
Nov 6, 2025, 2:00 PM
Quarterly earnings call transcripts for International Seaways.
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