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International Seaways (INSW)
:INSW
Earnings Data
Report Date
Aug 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
1.16Last Year’s EPS
2.37Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 08, 2025
|% Change Since: 7.98%
|Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance with significant shareholder returns and a positive outlook for tanker demand. Despite geopolitical uncertainties and fleet aging concerns, the company's liquidity position and strategy for fleet renewal are strong. The highlights notably outweigh the lowlights, indicating a robust business environment and positive growth prospects.Company Guidance
During International Seaways' first quarter 2025 earnings call, CEO Lois Zabrocky highlighted several key financial metrics and strategic moves. The company reported a net income of $50 million, or $1 per diluted share, with an adjusted net income of $40 million, or $0.80 per diluted share. Adjusted EBITDA came in at $91 million, consistent with the previous quarter. The company achieved a weighted average rate of over $30,000 per day on 45% of its revenue days, significantly above its cash breakeven of about $13,500 per day. International Seaways concluded the quarter with $673 million in total liquidity, including $550 million in undrawn revolver capacity, and gross debt of over $600 million, equating to a net loan-to-value ratio of approximately 15%. The company executed a strategic swap of two older VLCCs and cash for three eco MRs, resulting in net proceeds of $50 million. Additionally, a new one-year time charter was secured for a Suezmax, contributing to a fixed revenue of $295 million over the next two years. The company declared a dividend representing 75% of its adjusted net income, to be paid in June, equating to $0.60 per share. With a repurchase program of up to $50 million and a healthy balance sheet, International Seaways is well-positioned to capitalize on favorable market conditions while continuing to return value to shareholders.Strong Net Income and Adjusted EBITDA
Net income for the first quarter was $50 million, or $1 per diluted share. Excluding gains on vessel sales, adjusted net income was $40 million, or $0.80 per diluted share. Adjusted EBITDA was $91 million, in line with the previous quarter.
Increased Time Charter and Fixed Revenue
Agreed on a one-year time charter on one Suezmax to reach $295 million in fixed revenue, most of which comes over the next two years.
Dividend Announcement and Shareholder Returns
Announced another dividend representing 75% of adjusted net income, with a combined dividend to be paid in June equating to $0.60 per share. Returned over $300 million to shareholders in consecutive years.
Strong Liquidity Position
Ended the first quarter with $673 million in total liquidity, including almost $550 million of undrawn revolver capacity.
Positive Outlook for Tanker Demand
Oil production in 2025 and 2026 is expected to increase by over 1 million barrels per day, supporting tanker demand. Changes in tanker routing are also supportive of the industry.
Fleet Renewal and Low Breakeven
Continued fleet renewal with an average fleet age of about 10 years and a spot cash breakeven rate of about $13,500 per day.
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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 |
|---|---|---|---|
May 08, 2025 | $36.34 | $36.60 | +0.72% |
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% |
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 (INSW) report earnings?
International Seaways (INSW) is schdueled to report earning on Aug 06, 2025, TBA Not Confirmed.
What is International Seaways (INSW) earnings time?
International Seaways (INSW) earnings time is at Aug 06, 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 (Q2) is 1.16.
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