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International Seaways Inc (INSW)
NYSE:INSW
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.81Last Year’s EPS
2.92Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -7.93%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive sentiment with strong financial performance, fleet modernization, and significant shareholder returns while addressing temporary expense challenges.Company Guidance
During the International Seaways, Inc. Fourth Quarter 2024 Earnings Conference Call, key financial metrics and strategic moves were highlighted. The company reported a net income of $36 million, or $0.72 per diluted share, for the fourth quarter. Adjusted net income, excluding a loss on vessel sales, was $45 million, or $0.90 per diluted share, with an adjusted EBITDA of $95 million. A significant fleet modernization was achieved through a vessel swap, selling two older VLCCs and acquiring three ECO MRs built in 2015, for a $3 million cash outlay. The company ended the quarter with $632 million in total liquidity, comprising $157 million in cash and $475 million from a revolving credit facility. Net debt stood at $695 million with a net loan-to-value ratio below 16%. A dividend of $0.70 per share was announced, with a payout ratio of about 77%, contributing to over $300 million returned to shareholders in 2024. The fleet's spot breakeven rates were around $13,700 per day. Looking forward, the company anticipates continued strong tanker demand and plans to maintain a balanced capital allocation approach to support fleet renewal and shareholder returns.Net Income and Adjusted EBITDA
Net income for Q4 2024 was $36 million or $0.72 per diluted share. Excluding a loss on vessel sales, adjusted net income was $45 million or $0.90 per diluted share, and adjusted EBITDA was $95 million.
Fleet Modernization and Optimization
International Seaways modernized its fleet with a vessel swap, selling two older VLCCs and acquiring three ECO MRs built in 2015. This move reduced vessel age and enhanced fleet efficiency.
Strong Balance Sheet and Liquidity
The company ended Q4 2024 with $632 million in total liquidity, including $157 million in cash and $475 million in revolving credit facility capacity. The net loan-to-value ratio is below 16%.
Shareholder Returns
Over $300 million was returned to shareholders in 2024, with a $5.77 dividend representing a 12% yield. A $0.70 dividend has been announced for March 2025, marking a payout ratio of about 77%.
Tanker Market Positioning
International Seaways is positioned to capitalize on strong tanker market conditions, with a spot breakeven rate of about $13,700 per day and TCE fixtures for Q1 2025 at about $26,500 per day fleet-wide.
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INSW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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INSW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $35.70 | $33.03 | -7.48% |
| Nov 07, 2024 | $42.41 | $41.51 | -2.12% |
| Aug 07, 2024 | $46.90 | $44.95 | -4.16% |
| May 08, 2024 | $50.43 | $54.56 | +8.19% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does International Seaways Inc (INSW) report earnings?
International Seaways Inc (INSW) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is International Seaways Inc (INSW) earnings time?
International Seaways Inc (INSW) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is INSW EPS forecast?
INSW EPS forecast for the fiscal quarter 2025 (Q1) is 0.81.
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