Every 10-Q that International Seaways (INSW) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow INSW and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full INSW filings page.
International Seaways, Inc. reported sharply stronger results for the quarter and six months ended June 30, 2026, driven by a surge in tanker market rates. Shipping revenues rose to $467.3 million for the quarter and $792.8 million year-to-date, with time charter equivalent revenues of $434.2 million and $751.4 million, respectively, more than double 2025 levels.
Net income increased to $294.9 million for the quarter and $581.1 million for the first half of 2026, compared with $61.6 million and $111.2 million a year earlier. Operating cash flow reached $408.7 million in the first half, supporting vessel sales gains of $88.1 million, significant dividends of $331.8 million, and continued investment in LR1 newbuilds and fleet renewal. Total assets grew to $3.02 billion, equity to $2.27 billion, and cash and short-term investments to $409.4 million, while long-term debt, including lease financings, increased to $645.6 million as the company drew on its ECA facility and added a Suezmax borrowing base facility.
International Seaways, Inc. delivered a very strong quarter for the three months ended March 31, 2026. Shipping revenues rose to $325.5M from $183.4M a year earlier, driven by higher spot and time-charter rates in both crude and product tanker segments.
Net income jumped to $286.1M from $49.6M, helped by a gain of $88.2M on vessel sales and a $3.9M holding gain on a previously held equity interest. Time charter equivalent revenues increased to $317.2M, with crude tankers earning much higher average daily TCE rates.
The company generated $141.1M of operating cash flow, spent $70.7M on vessels and newbuilds, and ended the period with $141.8M in cash and $235.0M in short-term investments. It paid $106.4M in cash dividends and reported total assets of $2.87B and total debt of $602.1M.
International Seaways (INSW) reported third‑quarter 2025 results in its 10‑Q. Shipping revenues were $196,388 thousand versus $225,190 thousand a year ago. Net income was $70,546 thousand (diluted EPS $1.42) compared with $91,688 thousand (diluted EPS $1.84) in Q3 2024.
Cash and cash equivalents rose to $412,569 thousand as of September 30, 2025, from $157,506 thousand at December 31, 2024. Year‑to‑date operating cash flow was $234,051 thousand, and the company paid $102,127 thousand in cash dividends. Total assets were $2,789,578 thousand and total liabilities $855,791 thousand.
INSW issued $250,000 thousand of 7.125% senior unsecured bonds due 2030 and drew $40,800 thousand under a new ECA facility tied to LR1 newbuilds. The company plans to repurchase six VLCCs in November 2025 using bond proceeds and liquidity. The operating fleet totaled 71 vessels, with five LR1 newbuilds scheduled for delivery between Q4 2025 and Q3 2026. Shares outstanding were 49,394,531 as of November 4, 2025.
Q2-25 snapshot: International Seaways (INSW) saw tanker rates normalize from 2024 highs.
- Shipping revenue $195.6 m (-24% YoY); TCE revenue $188.8 m (-25%).
- Net income $61.6 m vs $144.7 m; diluted EPS $1.25 vs $2.91.
- 6-month net income $111.2 m (-62%) on revenue $379.0 m (-29%).
- Adj. income from vessel ops $69.4 m, down from $154.8 m.
- Operating cash flow 6 M $155.7 m (-52%); capex $100.9 m; vessel-sale proceeds $143.2 m.
- Cash $148.8 m; total debt $547.3 m (-21% YTD). Current portion $287.5 m reflects Nov-25 purchase options on six VLCCs, to be refinanced with undrawn revolver.
- $500 m revolver balance cut to $27.4 m (repaid July), leaving $421.6 m liquidity.
- Total equity $1.90 bn; net debt/eq ≈0.21×.
Strategic moves: Six dual-fuel LR1 newbuilds (remaining commitment $300 m) deliver 3Q-25-3Q-26; MOA to buy 2020 scrubber-fitted VLCC for $119 m (4Q-25). Four older tankers sold 1H-25 for $21.3 m gain; four additional disposals signed.
Dividend payouts were $64.1 m YTD; all covenants met. Despite profit decline, stronger balance sheet and active fleet renewal position INSW for future market up-cycle while managing significant near-term capex.