International Seaways Reports Q2 2025 Earnings

International Seaways ( (INSW) ) has released its Q2 earnings. Here is a breakdown of the information International Seaways presented to its investors.

International Seaways, Inc., a leading global tanker company, provides energy transportation services for crude oil and petroleum products, operating a fleet of 79 vessels. In its second quarter of 2025 earnings report, International Seaways reported a net income of $62 million, or $1.25 per diluted share, with adjusted net income at $50 million, or $1.02 per diluted share. The company highlighted its fleet optimization program, which includes the sale of older vessels and the acquisition of a modern VLCC, as well as maintaining a strong liquidity position with $709 million available. Key financial metrics for the quarter showed a decrease in shipping revenues to $196 million from $257 million in the same period last year, primarily due to lower time charter equivalent (TCE) revenues and spot earnings across its fleet. The company also declared a dividend of $0.77 per share, continuing its commitment to returning cash to shareholders. Looking ahead, International Seaways remains focused on fleet renewal and strategic growth, supported by a robust balance sheet and favorable financing arrangements, positioning it well to navigate market volatility and capitalize on future opportunities.