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International Seaways Inc (INSW)
NYSE:INSW
Earnings Data
Report Date
Nov 11, 2025Before Open (Confirmed)
Period Ending
2025 (Q3)Consensus EPS Forecast
1.02Last Year’s EPS
1.57Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance, consistent dividend payouts, and a successful fleet renewal strategy, supported by a strong liquidity position and strategic financing achievements. While there were some challenges related to VLCC rates and market uncertainties due to geopolitical issues, the positive aspects significantly outweighed the negatives.Company Guidance
Strong Financial Performance
Net income for the second quarter was $62 million or $1.25 per diluted share. Excluding gains on vessel sales, adjusted net income was $50 million or $1.02 per diluted share, and adjusted EBITDA was $102 million.
Consistent Dividend Payout
Announced a combined dividend of $0.77 per share to be paid in September, marking the fourth consecutive quarter of a payout ratio of at least 75%. Since the fourth quarter of 2022, they have paid combined dividends of $15.25 per share, equating to a dividend yield of about 14% per year.
Successful Fleet Renewal Strategy
Sold or agreed to sell 6 of their oldest vessels with an average age of 17.5 years. Two were sold within the second quarter for proceeds of $28 million, with the other four delivering during the third quarter for proceeds of around $57 million. They also agreed to purchase a 2020-built scrubber-fitted VLCC, delivering in the fourth quarter.
Strong Liquidity and Balance Sheet
Ended Q2 with over $700 million in total liquidity, with $149 million in cash and $560 million in undrawn revolver capacity. Gross debt was $553 million on over $3 billion in fleet value, with a net loan-to-value comfortably under 15%.
Positive Market Outlook
Demand fundamentals are solid and continue to support a constructive outlook for seaborne transportation. Recent upward revisions to forecasted GDP may increase oil demand forecast.
Strategic Financing Achievements
Secured commitments for export agency financing with K-SURE and DNB for up to $240 million of the $300 million in outstanding payments for six LR1 newbuildings.
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
INSW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Aug 06, 2025 | $43.27 | $43.70 | +0.99% |
May 08, 2025 | $35.76 | $36.02 | +0.73% |
Feb 27, 2025 | $35.13 | $32.51 | -7.46% |
Nov 07, 2024 | $41.74 | $40.86 | -2.11% |
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.
FAQ
When does International Seaways Inc (INSW) report earnings?
International Seaways Inc (INSW) is schdueled to report earning on Nov 11, 2025, Before Open (Confirmed).
What is International Seaways Inc (INSW) earnings time?
International Seaways Inc (INSW) earnings time is at Nov 11, 2025, Before Open (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 (Q3) is 1.02.