Earnings summaries and quarterly performance for International Seaways.
Executive leadership at International Seaways.
Lois Zabrocky
Detailed
President and Chief Executive Officer
CEO
Derek Solon
Detailed
Senior Vice President (Chief Commercial Officer)
James Small
Detailed
Chief Administrative Officer, Senior Vice President, General Counsel & Secretary
Jeffrey Pribor
Detailed
Chief Financial Officer, Senior Vice President
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.
Christopher Robertson
Deutsche Bank AG
4 questions for INSW
Also covers: EE, GLNG, GNK +4 more
Omar Nokta
Jefferies
4 questions for INSW
Also covers: AMKBY, ASC, CCEC +21 more
Sherif Elmaghrabi
BTIG
4 questions for INSW
Also covers: BE, DHT, FIP +12 more
Liam Burke
B. Riley Financial
3 questions for INSW
Also covers: ALTG, BWMN, CCEC +22 more
Benjamin Nolan
Stifel
1 question for INSW
Also covers: ASC, CDLR, CMRE +17 more
Frank Galanti
Stifel
1 question for INSW
Also covers: ATSG, NFE, NVGS +1 more
Recent press releases and 8-K filings for INSW.
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
International Seaways Reports Q3 2025 Results, Declares Dividend, and Extends Share Repurchase Program
INSW
Earnings
Dividends
Share Buyback
- International Seaways reported net income of $71 million, or $1.42 per diluted share, for the third quarter of 2025, with 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.
- At the end of Q3 2025, total liquidity stood at $985 million, including $413 million in cash and $572 million in undrawn revolver capacity, with net debt under $400 million.
- For Q4 2025, the company has a blended average spot TCE of approximately $40,400 per day for 47% of its expected revenue days, and projects a 2026 break-even rate of $14,500 per day.
Nov 6, 2025, 2:00 PM
International Seaways Reports Strong Q3 2025 Earnings, Announces Dividend, and Updates Fleet Strategy
INSW
Earnings
Dividends
Share Buyback
- International Seaways reported net income of $71 million, or $1.42 per diluted share, and adjusted EBITDA of $108 million for the third quarter of 2025.
- The company announced a combined dividend of $0.86 per share to be paid in December, marking its fifth consecutive quarter with a payout ratio of at least 75%, and extended its $50 million share repurchase program to the end of 2026.
- International Seaways maintained a strong financial position with $985 million in total liquidity at the end of Q3 2025, including $413 million in cash and $572 million in undrawn revolver capacity, with net debt under $400 million.
- For Q4 2025, the company has a blended average spot TCE of approximately $40,400 per day for 47% of its expected revenue days, and anticipates an expected 2026 break-even rate of about $14,500 per day.
- The company continued its fleet renewal strategy, taking delivery of two LR1 vessels, selling five vessels in Q3 2025 for $67 million, and expecting to purchase a 2020-built VLCC in Q4 2025.
Nov 6, 2025, 2:00 PM
International Seaways Reports Third Quarter 2025 Results
INSW
Earnings
Debt Issuance
Dividends
- International Seaways, Inc. reported net income of $71 million, or $1.42 per diluted share, and Adjusted EBITDA of $108 million for the third quarter of 2025.
- The company continued its fleet optimization program by taking delivery of the Seaways Alacran, the first of six LR1 newbuildings, selling five vessels for $67 million, and agreeing to purchase a 2020-built VLCC for $119 million.
- Balance sheet enhancements included placing $250 million of senior unsecured bonds at a 7.125% coupon and executing a $240 million Korean export agency-backed financing. Total liquidity was $985 million as of September 30, 2025.
- The company declared a combined dividend of $0.86 per share to be paid in December 2025 and extended its $50 million share repurchase program to the end of 2026.
Nov 6, 2025, 12:30 PM
International Seaways Reports Third Quarter 2025 Results
INSW
Earnings
Debt Issuance
Dividends
Share Buyback
- International Seaways reported net income of $71 million, or $1.42 per diluted share, and Adjusted EBITDA of $108 million for the third quarter of 2025. This compares to net income of $92 million, or $1.84 per diluted share, and Adjusted EBITDA of $130 million for the third quarter of 2024.
- The company continued its fleet optimization program, taking delivery of the Seaways Alacran, the first of six LR1 newbuildings, and agreeing to purchase a 2020-built VLCC for $119 million. It also sold five vessels for approximately $67 million.
- International Seaways enhanced its balance sheet by successfully placing $250 million of senior unsecured bonds at a 7.125% coupon rate and executing a $240 million Korean export agency-backed financing. Total liquidity stood at $985 million as of September 30, 2025.
- The company declared a combined dividend of $0.86 per share to be paid in December 2025, representing 75% of adjusted net income, and extended its $50 million share repurchase program through the end of 2026.
Nov 6, 2025, 11:45 AM
International Seaways, Inc. Issues $250 Million in Senior Unsecured Bonds
INSW
Debt Issuance
New Projects/Investments
- On September 23, 2025, International Seaways, Inc. issued $250 million aggregate principal amount of 7.125% senior unsecured bonds due 2030 at an issue price of 100%.
- The bonds will mature on September 23, 2030, with interest paid semi-annually starting March 23, 2026, and an application will be made to list them on the Oslo Stock Exchange.
- The net proceeds from the bond issuance will be used to finance the repurchase of six VLCCs and for general corporate purposes.
- The 2030 Bonds include financial covenants, such as maintaining a minimum free liquidity level and ensuring a net indebtedness to consolidated total capitalization ratio of less than 0.65 to 1.00.
Sep 26, 2025, 9:00 PM
International Seaways, Inc. secures new credit facility for tanker newbuildings
INSW
Debt Issuance
New Projects/Investments
- International Seaways, Inc. entered into an ECA Credit Facility on August 20, 2025, totaling up to $331.6 million to partly finance six LR1 tanker newbuildings.
- The facility comprises a 12-year term loan of up to $239.7 million and a revolving credit facility of up to $91.9 million, with an effective 20-year amortization profile.
- Interest on the facilities will be based on Term SOFR plus a Margin of 1.10% per annum for K-SURE covered tranches and 1.45% per annum for the commercial tranche.
- Financial covenants include maintaining a minimum liquidity of the greater of $50 million and 5% of Consolidated Indebtedness, and ensuring the Maximum Leverage Ratio does not exceed 0.65 to 1.00.
- No amounts have been drawn on the facilities as of August 20, 2025, with the first newbuilding delivery expected later in Q3 2025.
Aug 26, 2025, 12:00 AM
Quarterly earnings call transcripts for International Seaways.
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