International Seaways Stock Price, News & Analysis

International Seaways (NYSE: INSW) reported its Q1 2025 financial results with net income of $50 million ($1.00 per share), down from $144 million in Q1 2024. The company achieved adjusted EBITDA of $91 million and shipping revenues of $183 million. Key developments include: - Completed a strategic vessel swap, exchanging two older VLCCs and $3M cash for three 2015-built MRs - Maintained strong liquidity of $673 million, including $133M cash and $540M undrawn credit - Declared a combined dividend of $0.60 per share (75% of adjusted net income) - Low net loan-to-value ratio of 15% - Fleet optimization continues with six new LR1 vessels on order TCE revenues decreased across all vessel categories, with VLCCs earning $33,500/day, Suezmaxes $30,900/day, and Aframaxes $25,400/day in Q1 2025.

International Seaways (NYSE: INSW) has scheduled its first quarter 2025 financial results announcement for Thursday, May 8, 2025, before market open. The company will host an investor conference call at 9:00 a.m. ET on the same day.

The earnings call will be accessible via phone using the dial-in numbers: US +1 (833) 470-1428 and International +1 (929) 526-1599 with Conference ID 197408. A live webcast will be available through the company's Investor Relations website. An audio replay will be accessible from 12:00 p.m. ET on May 8 through 11:59 p.m. ET on May 15, 2025.

International Seaways (NYSE: INSW) reported its Q4 and full year 2024 results, with Q4 net income of $36 million ($0.72 per share) and full-year net income of $417 million ($8.38 per share). Q4 adjusted EBITDA was $95 million, while full-year adjusted EBITDA reached $583 million.

The company maintained strong financial health with total liquidity of $632 million, including $157 million in cash and $475 million in undrawn revolving credit. The net loan-to-value ratio remained low at 15.5%. INSW executed a vessel swap, exchanging two older VLCCs and $3 million for three 2015-built MRs.

In terms of shareholder returns, INSW paid $5.77 per share in combined dividends during 2024, representing a 12% dividend yield. The company declared a new combined dividend of $0.70 per share for March 2025, representing 77% of Q4 adjusted net income.

International Seaways (NYSE: INSW) has announced it will release its fourth quarter and full year 2024 financial results before market open on Thursday, February 27, 2025. The company will host a conference call for investors at 9:00 a.m. ET on the same day.

The conference call will be accessible via phone using US dial-in +1 (833) 470-1428 or international dial-in +1 (929) 526-1599 with Conference ID 121343. A live webcast will be available through the company's Investor Relations website. An audio replay will be accessible from 12:00 p.m. ET on February 27 through March 6, 2025.

International Seaways Inc. (NYSE: INSW) will replace Consolidated Communications Holdings (NASD: CNSL) in the S&P SmallCap 600 index effective prior to trading on Monday, December 30, 2024. The change comes as Searchlight Capital Partners and British Columbia Investment Management (BCI) are finalizing their acquisition of Consolidated Communications. The transition will see International Seaways joining the index under the Energy sector, while Consolidated Communications will be removed from the Communication Services sector.

International Seaways (INSW) reported Q3 2024 net income of $92 million ($1.84 per diluted share), compared to $98 million in Q3 2023. The company achieved Adjusted EBITDA of $130 million and shipping revenues of $225 million. Total liquidity stood at $694 million, including $153 million in cash. The company declared a combined dividend of $1.20 per share for December 2024, representing 75% of adjusted net income. During Q3, INSW repurchased 501,646 shares for approximately $25 million and sold a 2008-built MR tanker for $24 million. The company maintains a strong balance sheet with a historically low net loan-to-value of 13.5%.

International Seaways (NYSE: INSW) has scheduled its third quarter 2024 earnings release for Thursday, November 7, 2024, before market open. The company will host an investor conference call at 9:00 a.m. ET on the same day. The earnings call will be accessible via phone and webcast through the company's website. An audio replay will be available from 12:00 p.m. ET on November 7 until 11:59 p.m. ET on November 14, 2024.

International Seaways (NYSE: INSW), a leading global tanker company, has announced the repurchase of 501,646 shares of its common stock at an average price of $49.81 per share, totaling approximately $25 million. This move aligns with the company's commitment to returning value to shareholders. The repurchased shares will be retired, and INSW still has about $25 million available under its current $50 million share repurchase program, set to expire at the end of 2025.

CEO Lois K. Zabrocky highlighted that these repurchases, funded by proceeds from a previously announced vessel sale, amount to over 80% of shares issued in the prior quarter for fleet renewal. Additionally, INSW has declared a combined dividend of $1.50 per share, payable on September 25, 2024, to shareholders of record as of September 11, 2024.

International Seaways (NYSE: INSW) reported strong Q2 2024 results with net income of $144.7 million, or $2.91 per diluted share. Adjusted net income was $118.0 million, or $2.37 per diluted share, with Adjusted EBITDA of $167.0 million. The company optimized its fleet by acquiring six eco MRs and selling three older MRs, reducing the average fleet age. INSW enhanced its balance sheet by amending senior secured debt facilities, increasing revolving credit capacity by nearly $150 million and reducing mandatory repayments. The company declared a combined dividend of $1.50 per share for September 2024, representing a 12% yield. Total liquidity was approximately $682 million as of June 30, 2024, with a low net loan-to-value of 14%.