International Seaways (NYSE:INSW) Releases Earnings Results, Beats Estimates By $0.70 EPS

International Seaways (NYSE:INSW) issued its quarterly earnings data on Thursday. The transportation company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.70, FiscalAI reports. The business had revenue of $267.88 million for the quarter, compared to analysts’ expectations of $245.29 million. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. The company’s revenue was up 37.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.90 earnings per share.

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

• Net income for Q4 was about $128 million ($2.56/diluted share) and adjusted net income was $122 million, and the company declared its largest-ever quarterly dividend of $2.15 per share (87% payout) while maintaining a $50 million share repurchase program through end‑2026.
• Executed fleet renewal moves — acquired the 2020-built VLCC Seaways Gibbs Hill for $119 million, sold 17 older vessels for roughly $347 million total, and has four LR1 newbuilds due to deliver in 2026 that are fully financed.
• Balance sheet strength with $724 million total liquidity (ending cash ~$167M plus undrawn revolver), net loan-to-value around 13%, under $400 million net debt, 31 unencumbered vessels, cost of debt under 6%, and a spot cash breakeven under $15,000/day.
• Management sees supportive market fundamentals — >1.0 mb/d oil demand growth in 2026–27, sanctions and sanctioned tonnage removing vessels from the compliant fleet, backwardated market structure and China stockbuilding — which they say supports a multi-year tanker upcycle that benefits Seaways.
• Q4 vessel expenses were higher than guidance due to timing of stores and spares, the company reported a net cash decrease of $261 million in the quarter, and consolidation of Tankers International modestly increases G&A (offset by TI commissions); capital allocation is reviewed quarterly by the board.

International Seaways Price Performance

Shares of NYSE INSW traded up $2.97 during trading on Thursday, hitting $72.49. The company had a trading volume of 860,982 shares, compared to its average volume of 463,694. International Seaways has a 52 week low of $27.20 and a 52 week high of $72.73. The business’s 50-day moving average is $57.25 and its 200 day moving average is $51.26. The company has a market cap of $3.58 billion, a P/E ratio of 16.51 and a beta of -0.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.75 and a current ratio of 1.75.

International Seaways Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Friday, March 20th will be given a $0.12 dividend. The ex-dividend date is Friday, March 20th. This represents a $0.48 annualized dividend and a yield of 0.7%. International Seaways’s payout ratio is 10.93%.

Analyst Upgrades and Downgrades

A number of analysts have commented on INSW shares. Pareto Securities upgraded shares of International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Tuesday, January 20th. Wall Street Zen cut International Seaways from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Finally, BTIG Research boosted their price objective on International Seaways from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday. Four equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, International Seaways currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Insiders Place Their Bets

In other news, CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $63.29, for a total transaction of $63,290.00. Following the sale, the chief financial officer directly owned 83,463 shares of the company’s stock, valued at $5,282,373.27. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $48.56, for a total value of $97,120.00. Following the sale, the chief executive officer directly owned 182,421 shares of the company’s stock, valued at approximately $8,858,363.76. This represents a 1.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,000 shares of company stock worth $502,610 over the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Investors Weigh In On International Seaways

A number of large investors have recently made changes to their positions in INSW. Captrust Financial Advisors acquired a new stake in International Seaways in the fourth quarter valued at approximately $209,000. Jump Financial LLC bought a new position in shares of International Seaways during the 2nd quarter valued at $208,000. Tower Research Capital LLC TRC lifted its stake in shares of International Seaways by 502.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,487 shares of the transportation company’s stock valued at $200,000 after purchasing an additional 4,576 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in International Seaways by 25.9% in the second quarter. BNP Paribas Financial Markets now owns 4,186 shares of the transportation company’s stock worth $153,000 after purchasing an additional 860 shares in the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in International Seaways during the fourth quarter worth $97,000. Institutional investors and hedge funds own 67.29% of the company’s stock.

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.