International Seaways Stock Price, News & Analysis

International Seaways, Inc. (NYSE: INSW) has announced the release of its first quarter 2023 financial results before the market opens on May 5, 2023. The company will hold a conference call for investors at 9:00 a.m. ET on the same day, with dial-in options available for both U.S. and international callers. An audio replay will be accessible from 12:00 p.m. ET on May 5 until 11:59 p.m. ET on May 12, 2023. International Seaways operates a fleet of 76 vessels, making it a prominent player in energy transportation services for crude oil and petroleum products globally. Detailed information and access to the live webcast can be found on their official website.

International Seaways (NYSE: INSW) reported record earnings for Q4 and the full year 2022. Q4 net income reached $218.4 million ($4.40 per share), a turnaround from a $34 million loss in Q4 2021. For 2022, net income was $387.9 million ($7.77 per share), up from a $133.5 million loss in 2021. Total liquidity was $541.1 million as of year-end. The company executed a fleet optimization program and announced a combined dividend of $2.00 per share to be paid in March 2023. TCE revenues surged due to increased demand for tankers amid sanctions on Russian oil, with full-year TCE revenues at $853.7 million.

International Seaways, Inc. (NYSE: INSW) will release its fourth quarter and full year 2022 results before market open on February 28, 2023. The Company will host a conference call for investors at 10:00 AM ET on the same date. Investors can access the call via US dial-in numbers: +1 (833) 470-1428 or +1 (929) 526-1599 internationally, using Conference ID 426484. The Company operates a fleet of 77 vessels, providing energy transportation services globally. A live webcast will be available on their website, and an audio replay will be accessible from 12:00 PM ET on February 28 through March 7, 2023.

International Seaways, Inc. (NYSE: INSW), a leading tanker company, will participate in Capital Link’s Corporate Presentation Series on January 17, 2023, at 10:00 am ET. During this presentation, senior management, including CEO Lois Zabrocky and CFO Jeffrey Pribor, will discuss the company’s operations, growth prospects, and the outlook for the tanker sector. Interested participants can register for the webinar here. Additionally, a live Q&A session will be held, with options to submit questions via the online platform or email. INSW currently operates a fleet of 77 vessels.

International Seaways reported a record net income of $113.4 million or $2.28 per diluted share for Q3 2022, recovering from a net loss of $67.4 million in Q3 2021. Adjusted EBITDA surged to approximately $157.1 million, driven by a $161.6 million revenue increase due to favorable market conditions. Total liquidity stood at $475.5 million. The company declared a $1.00 special dividend and has consistently returned capital to shareholders, repurchasing shares and maintaining a strong balance sheet.

International Seaways plans to announce its third quarter 2022 results before market open on November 8, 2022. Following this, a conference call for investors will take place at 9:00 a.m. ET. Dial-in numbers are provided for both US and international participants. Investors can access a live webcast via the company's website. An audio replay of the call will be available shortly after, lasting until November 15, 2022.

International Seaways is a leading tanker company with a fleet of 78 vessels, specializing in energy transportation services.