International Seaways (NYSE:INSW) Posts Earnings Results, Beats Estimates By $0.48 EPS

International Seaways (NYSE:INSW) posted its quarterly earnings data on Monday. The transportation company reported $5.91 EPS for the quarter, topping analysts’ consensus estimates of $5.43 by $0.48, FiscalAI reports. International Seaways had a return on equity of 21.04% and a net margin of 55.39%.The company had revenue of $467.29 million for the quarter, compared to analyst estimates of $403.24 million. During the same period in the previous year, the firm earned $1.02 earnings per share. The firm’s quarterly revenue was up 138.9% on a year-over-year basis.

Here are the key takeaways from International Seaways’ conference call:

• Record quarterly results included adjusted net income of $295 million ($5.91 per share), EBITDA of $345 million, and free cash flow of $261 million. The company declared a record $5.05-per-share dividend, consistent with its policy of returning at least 85% of adjusted net income.
• Tanker market fundamentals remain constructive, with conflicts affecting the Strait of Hormuz and Bab el-Mandeb creating rerouting, trade inefficiencies, and higher ton-mile demand. Management also cited resilient oil consumption, growing Western Hemisphere crude production, and potential future demand from rebuilding strategic petroleum reserves.
• International Seaways ordered four additional LR1 newbuildings for delivery in the second half of 2028 at pricing roughly comparable to orders placed three years ago. The 10-vessel LR1 series will support the Panamax International pool and eventually replace older vessels in the fleet.
• The balance sheet remains highly flexible, with approximately $935 million of liquidity, about $250 million of net debt, a net loan-to-value ratio near 6%, and 25 unencumbered vessels. However, management cautioned that prolonged disruption in key waterways could eventually weaken the global economy and oil demand, creating downside risk for tanker rates.
• Third-quarter bookings covered approximately 48% of expected revenue days at a blended spot TCE of about $61,000 per day, well above the fleet-wide spot cash breakeven of less than $14,500 per day. Product tanker demand also remains supported by strong U.S. diesel and gasoline exports and renewed Chinese product exports.

International Seaways Price Performance

Shares of INSW opened at $89.90 on Tuesday. The business’s fifty day moving average is $86.15 and its 200 day moving average is $77.54. International Seaways has a 12-month low of $41.20 and a 12-month high of $98.23. The company has a quick ratio of 7.28, a current ratio of 7.34 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.45 billion, a P/E ratio of 8.19 and a beta of -0.13.

International Seaways Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $5.05 dividend. This represents a $20.20 dividend on an annualized basis and a yield of 22.5%. This is a boost from International Seaways’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Thursday, September 10th. International Seaways’s payout ratio is 4.37%.

Insiders Place Their Bets

In other International Seaways news, CEO Lois K. Zabrocky sold 2,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $84.23, for a total value of $168,460.00. Following the transaction, the chief executive officer directly owned 179,745 shares of the company’s stock, valued at approximately $15,139,921.35. This trade represents a 1.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey Pribor sold 1,000 shares of International Seaways stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $81.68, for a total transaction of $81,680.00. Following the transaction, the chief financial officer owned 101,984 shares of the company’s stock, valued at $8,330,053.12. This represents a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 12,830 shares of company stock worth $1,078,661. Insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On International Seaways

A number of hedge funds have recently bought and sold shares of the company. Garton & Associates Financial Advisors LLC purchased a new stake in shares of International Seaways in the fourth quarter valued at about $46,000. Advisory Services Network LLC bought a new position in International Seaways during the third quarter valued at about $53,000. EverSource Wealth Advisors LLC increased its holdings in International Seaways by 601.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,508 shares of the transportation company’s stock worth $55,000 after buying an additional 1,293 shares during the last quarter. Sunbelt Securities Inc. bought a new stake in International Seaways in the third quarter worth about $64,000. Finally, NewEdge Advisors LLC boosted its stake in International Seaways by 240.1% in the second quarter. NewEdge Advisors LLC now owns 2,010 shares of the transportation company’s stock valued at $73,000 after acquiring an additional 1,419 shares during the last quarter. 67.29% of the stock is owned by hedge funds and other institutional investors.

More International Seaways News

Here are the key news stories impacting International Seaways this week:

• Positive Sentiment: International Seaways delivered record second-quarter net income and adjusted net income of $295 million, adjusted EBITDA of $345 million, and free cash flow of $261 million. Revenue rose 138.9% year over year to $467.29 million, while earnings of $5.91 per share exceeded analyst estimates of $5.43. International Seaways Reports Second Quarter 2026 Results
• Positive Sentiment: Management indicated continued strength in tanker markets, with approximately $61,000 per day of third-quarter spot time-charter equivalent rates already booked. The company also ordered four LR1 tanker newbuildings scheduled for delivery in the second half of 2028, supporting longer-term fleet growth. International Seaways Q3 TCE and Newbuildings
• Positive Sentiment: The board declared a $5.05-per-share quarterly dividend, payable September 24 to shareholders of record September 10. The payout represents a substantial increase from the previous $0.12 quarterly dividend and offers a headline yield of approximately 22.5%. International Seaways Earnings Report
• Neutral Sentiment: The earnings beat was broadly reported, with consensus estimates ranging from $5.28 to $5.43 per share. The results confirm very strong current tanker profitability, although investors may focus increasingly on freight-rate trends beyond the current quarter. International Seaways Beats Q2 Estimates
• Negative Sentiment: The extraordinary dividend may prompt concerns about whether the payout is recurring or primarily tied to exceptional tanker-market cash flows. The four-vessel order also creates future capital commitments, which could temper enthusiasm despite the strong near-term earnings outlook.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on INSW shares. Wall Street Zen upgraded shares of International Seaways from a “buy” rating to a “strong-buy” rating in a research report on Monday, April 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of International Seaways in a report on Friday. BTIG Research upped their target price on International Seaways from $90.00 to $100.00 and gave the company a “buy” rating in a research report on Wednesday, June 24th. Zacks Research raised International Seaways from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 24th. Finally, Jefferies Financial Group restated a “buy” rating and set a $100.00 price target on shares of International Seaways in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $86.00.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.