International Seaways provides energy transportation services for crude oil and petroleum products through an oceangoing tanker fleet operating in International Flag markets. Company news centers on results from its crude tanker and product carrier operations, including VLCC, Suezmax, Aframax/LR2, LR1 and MR vessels, as well as market conditions affecting tanker earnings.
Recurring updates also cover capital allocation, dividends, liquidity, debt financing, fleet transactions, newbuilding activity, and the company's ownership of Tankers International, a commercial and administrative management pool for VLCC tonnage with Suezmax pool activity. Announcements frequently pair operating results with fleet strategy and balance sheet actions.
International Seaways (NYSE: INSW) reported third-quarter 2026 net income of $344 million, as tanker earnings rose from a year earlier. Diluted earnings were $6.90, versus $1.42 in third-quarter 2025; shipping revenue rose to $483 million from $196 million. Adjusted net income was $291 million, excluding a $53 million vessel-sale gain, and quarterly free cash flow was $234 million.
The company acquired Bruton and its four very large crude carriers for approximately three million shares and cash, with consideration settlement expected around November 11, 2026. Remaining construction installments totaled $279 million at October 31. Four additional LR1 tankers costing $244 million are scheduled for delivery in the second half of 2028. Liquidity was approximately $964 million at September 30. A $5.05-per-share dividend is payable December 23, 2026; the repurchase program increased to $100 million and now expires at year-end 2028.
International Seaways (NYSE: INSW) agreed to acquire Bruton in transactions valuing the tanker company at approximately $370 million. Bruton adds four very large crude carriers, including newbuildings. Agreements cover an initial approximately 50.5% stake at 0.0519 INSW shares per Bruton share, with settlement expected on or about October 20, 2026. A merger for the remainder awaits a shareholder vote on or about October 30, with closing expected promptly afterward. Seaways expects to issue approximately 3.12 million shares, covering approximately 96% of consideration, with the remainder in cash.
Preliminary third-quarter 2026 revenue is approximately $480–$490 million and net income approximately $340–$350 million, including an approximately $50 million vessel-sale gain. September 30 liquidity was approximately $965 million. Fourth-quarter bookings cover about 37% of expected revenue days at approximately $180,000 per day in blended spot earnings.
International Seaways (INSW) plans to release third quarter 2026 results before market open on Thursday, November 5, 2026. An investor conference call will follow at 9:00 a.m. Eastern Time that day, with a live webcast available through the company’s Investor Relations website. An audio replay will remain available on its Events page until November 4, 2027.
International Seaways (NYSE: INSW) reported record second quarter 2026 results, with net income of $295 million (diluted EPS $5.91) versus $62 million ($1.25) a year earlier. Shipping revenues rose to $467 million from $196 million, and consolidated TCE revenues reached $434 million versus $189 million.
The company generated record adjusted EBITDA of $345 million and record quarterly free cash flow of $261 million. Liquidity totaled about $935 million, including $409 million in cash and short-term investments and $526 million of undrawn revolvers, with net loan-to-value of roughly 6% at June 30, 2026.
The Board declared the largest quarterly dividend in company history at $5.05 per share (payable September 24, 2026), following $4.55 per share paid in June. Dividends over the last twelve months totaled $12.61 per share, representing a 21% yield, with at least 85% of adjusted net income returned for three straight quarters.
INSW expanded its fleet optimization program by contracting four scrubber-fitted, dual-fuel ready LR1 newbuildings in Korea for $244 million (delivery in 2028) and took delivery of the fourth of six LR1 newbuilds, with about $73 million of construction costs remaining, fully covered by an ECA-backed facility. The company also sold seven older vessels for net proceeds of approximately $216 million, recognizing gains of about $88 million, and now has 13 vessels on time charters with future contracted revenue of roughly $240 million.
International Seaways (NYSE: INSW) plans to release its second quarter 2026 results before the market opens on Monday, August 10, 2026, and will host an investor conference call at 9:00 a.m. ET. A live webcast and replay will be accessible via the company’s investor relations website.
International Seaways (NYSE: INSW) reported Q1 2026 results: net income $286M ($5.75/diluted share), adjusted net income $194M ($3.90/share) and adjusted EBITDA $244M. The Board declared a record $4.55 per-share dividend payable June 26, 2026. Liquidity was ~$918M (cash $377M, $541M undrawn facility). The company sold seven older vessels for ~$216M proceeds and recognized ~$88M gains; net loan-to-value was below 7%. Two LR1 newbuild deliveries occurred and two remaining LR1s expected by September 2026.
International Seaways (NYSE: INSW) will release first quarter 2026 results before market open on Thursday, May 7, 2026, followed by a conference call at 9:00 AM ET.
A live webcast will be available on the company investor relations website and an audio replay will run May 7–14, 2026 with access details provided.
International Seaways (NYSE: INSW) reported Q4 2025 net income of $128 million ($2.56/share) and FY2025 net income of $309 million ($6.23/share). Adjusted EBITDA was $175 million in Q4 and $475 million for the year.
Liquidity totaled $724 million, net loan-to-value ~13%, and the Board declared a combined $2.15/share dividend payable March 30, 2026. The company consolidated Tankers International, sold older vessels for proceeds, and expects ~$80 million of gains from recent vessel sales.
International Seaways (NYSE: INSW) will release fourth quarter and full year 2025 results before market open on Thursday, February 26, 2026, and will host an investor conference call at 9:00 AM ET the same day.
Dial-in numbers, conference ID, live webcast link, and audio replay details are provided for investor access.
International Seaways (NYSE: INSW) announced the sale or sale agreements for five vessels for aggregate proceeds of approximately $185 million, net of commissions and fees.
The disposals consist of three MR tankers (average age 18 years) and two VLCCs (average age 15 years), expected to close during Q1 2026, with estimated gains of about $65 million.