International Seaways (INSW)
NYSE:INSW
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Earnings Data
Report Date
Aug 12, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
5.52Last Year’s EPS
1.02Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized exceptionally strong financial and operational performance: record net income, robust adjusted EBITDA, large discretionary and ongoing shareholder returns (new 85% payout practice), high liquidity and low net leverage, and attractive forward spot TCE coverage vs a low breakeven. The primary negatives were external: market volatility driven by geopolitical disruption (Strait of Hormuz), a rising industry order book (≈16% of fleet) that could add supply over time, and modestly higher ongoing G&A from consolidation. On balance, company-specific fundamentals and capital allocation flexibility dominate the narrative, while the lowlights are mainly macro/market risks rather than company-specific deterioration.Company Guidance
Record Quarterly Profitability
Reported net income of $286 million ($5.75 per diluted share) for Q1 2026 — a company record. Excluding special items, adjusted net income was $194 million ($3.90 per diluted share) and adjusted EBITDA was $244 million.
Large Shareholder Returns and New Payout Policy
Declared largest quarterly combined dividend of $4.55 per share, more than doubling the prior quarter's $2.15 (≈+112%). Management established a new payout ratio practice of 85% going forward and noted cumulative returns exceeding $1.3 billion (>$1.0 billion returned since 2020, with $300 million+ returned in one quarter).
Strong Liquidity and Balance Sheet Metrics
Total liquidity of ~$918 million (ending cash ~$377 million and undrawn revolvers ~$541 million). Net debt about $225 million, gross debt $650 million, cost of debt below 6%, and net loan-to-value below 7%. 25 unencumbered vessels and ~40% of fleet unencumbered.
Significant Cash Generation and Vessel Sales
Quarterly free cash flow of about $133 million. Net increase in cash of ~$210 million for the quarter. Sold 7 vessels (average age ~17 years) for roughly $216 million in sale proceeds (net proceeds reported ~$223 million).
Very Strong Forward TCE Bookings vs Low Breakeven
Booked spot TCE for Q2 so far: blended average spot TCE >$100,000/day on ~45% of expected Q2 revenue. Reported spot cash breakeven of ~$14,900/day — signaling significant potential near-term free cash flow upside.
Fleet Renewal and Growth Actions
Average fleet age ~10 years (targeted 'sweet spot'). Continued deliveries in LR1 newbuilding program (2 delivered in 2026 to date; remaining 2 expected in Q3). Invested in diversified asset classes and completed acquisition of remaining Tankers International ownership stake (~$5 million).
Operational Wins: Time-Charter and Pool Positioning
Added a Suezmax time charter for 3 years at $40,000/day. As sole owners of Tankers International, the company is integrating ships into the Suezmax pool and gained a new pool participant — enhancing commercial optionality.
Strong Shareholder Return Track Record
Reported compounded annual total shareholder return of over 28% since the company's multi-year track record began; management emphasized disciplined capital allocation, deleveraging and fleet modernization.
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 |
|---|---|---|---|
May 07, 2026 | $85.77 | $90.18 | +5.14% |
Feb 26, 2026 | $67.43 | $70.33 | +4.30% |
Nov 06, 2025 | $47.82 | $49.95 | +4.45% |
Aug 06, 2025 | $40.60 | $41.00 | +0.99% |
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 (INSW) report earnings?
International Seaways (INSW) is schdueled to report earning on Aug 12, 2026, Before Open (Confirmed).
What is International Seaways (INSW) earnings time?
International Seaways (INSW) earnings time is at Aug 12, 2026, 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 2026 (Q2) is 5.52.