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International Seaways
(NYSE:INSW)
International Seaways (INSW) vs. SPDR S&P 500 ETF (SPY)
International Seaways Business Overview & Revenue Model
International Seaways Earnings Call Summary
International Seaways Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 798.84M | 951.61M | 1.07B | 864.66M | 272.55M | 421.65M |
| Gross Profit | 342.08M | 478.16M | 627.54M | 470.52M | -37.80M | 169.18M |
| EBITDA | 440.88M | 607.08M | 744.37M | 558.19M | -17.52M | 100.87M |
| Net Income | 238.72M | 416.72M | 556.45M | 387.89M | -134.66M | -5.53M |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.64B | 2.52B | 2.62B | 2.35B | 1.59B |
| Cash, Cash Equivalents and Short-Term Investments | 148.81M | 157.51M | 186.76M | 323.74M | 97.88M | 199.39M |
| Total Debt | 561.73M | 711.74M | 744.53M | 1.07B | 1.13B | 554.93M |
| Total Liabilities | 623.44M | 780.35M | 805.06M | 1.13B | 1.18B | 614.50M |
| Stockholders Equity | 1.90B | 1.86B | 1.72B | 1.49B | 1.13B | 972.04M |
Cash Flow | ||||||
| Free Cash Flow | 296.98M | 261.96M | 481.77M | 171.12M | -155.21M | 165.58M |
| Operating Cash Flow | 378.48M | 547.14M | 688.40M | 287.80M | -76.19M | 216.14M |
| Investing Cash Flow | -12.12M | -155.02M | -124.27M | 42.80M | 133.29M | 32.37M |
| Financing Cash Flow | -393.70M | -361.38M | -681.12M | -185.79M | -173.84M | -183.07M |
International Seaways Technical Analysis
International Seaways Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $2.03B | 7.30 | 15.78% | 3.37% | -21.71% | -37.58% | |
| ― | $3.08B | 8.06 | 12.13% | 2.66% | -34.54% | -42.46% | |
| ― | $2.01B | 10.57 | 17.90% | 6.13% | -8.89% | 21.28% | |
| ― | $2.38B | 10.04 | 12.61% | 6.72% | -22.01% | -54.34% | |
| ― | $5.24B | 22.02 | 9.93% | 4.59% | -5.33% | -59.96% | |
| ― | $1.18B | 24.35 | 4.54% | 11.21% | -42.64% | -84.82% | |
| ― | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% |
International Seaways Corporate Events
On October 7, 2025, International Seaways, Inc. and its subsidiaries entered into amendments to their credit agreements, allowing the redomiciliation of certain vessel-owning entities and intermediate holding companies from the Marshall Islands and Liberia to Bermuda. This strategic move, expected to be completed by the end of the fourth quarter of 2025, aims to enhance the company’s strategic flexibility while maintaining operational and tax efficiency, with estimated legal and administrative costs between three and five million dollars.
The most recent analyst rating on (INSW) stock is a Buy with a $49.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.
On September 23, 2025, International Seaways, Inc. issued $250 million in senior unsecured bonds due 2030, bearing an interest rate of 7.125% per year. These bonds, which are to be listed on the Oslo Stock Exchange, will be used to finance the repurchase of six VLCCs and for general corporate purposes. The bonds include financial covenants and restrictions, and offer redemption options under specific conditions, impacting the company’s financial strategy and market operations.
The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.
On September 9, 2025, International Seaways, Inc. announced the successful pricing of $250 million in senior unsecured bonds, set to mature in September 2030, with a fixed interest rate of 7.125% per annum. The proceeds from this bond issuance are intended for refinancing an existing sale-and-leaseback agreement and general corporate purposes, with the bonds being offered in the Nordic market and expected to be listed on the Oslo Stock Exchange.
The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.
On September 2, 2025, International Seaways, Inc. announced plans to hold a series of fixed-income investor meetings starting September 3, 2025, through its Norwegian investment banks. The company is considering a five-year USD denominated senior unsecured bond issue, subject to market conditions, to refinance the Ocean Yield sale-and-leaseback agreement and for general corporate purposes. The bonds, if issued, will be offered in the United States only to qualified institutional buyers and will not be registered under the Securities Act.
The most recent analyst rating on (INSW) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.
On August 20, 2025, International Seaways, Inc. entered into a credit agreement with DNB Bank ASA and other financial entities to establish a $239.7 million term loan and a $91.9 million revolving credit facility. This financing is aimed at supporting the construction of six LR1 tanker newbuildings in Korea, enhancing the company’s fleet capabilities and market presence. The facilities are secured by liens on the subsidiaries acquiring the newbuildings and are insured by Korea Trade Insurance Corporation. The agreement includes financial covenants to maintain liquidity and leverage ratios, ensuring the company’s financial stability and operational growth.
The most recent analyst rating on (INSW) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.
International Seaways’ recent earnings call conveyed a predominantly positive sentiment, underscored by robust financial performance, strategic asset management, and a favorable market outlook. The company demonstrated strong liquidity and consistent dividend payouts, though it acknowledged challenges such as geopolitical tensions and significant upcoming debt repayments. Overall, the positive highlights of the call outweighed the concerns, reflecting a generally optimistic perspective.
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.
International Seaways reported a net income of $62 million for the second quarter of 2025, with a focus on fleet optimization and financial stability. The company sold six older vessels and agreed to purchase a modern VLCC, enhancing its fleet and maintaining a strong balance sheet with $709 million in liquidity. The company declared a combined dividend of $0.77 per share for the third quarter, reflecting a 75% payout ratio of adjusted net income.
The most recent analyst rating on (INSW) stock is a Hold with a $56.00 price target. To see the full list of analyst forecasts on International Seaways stock, see the INSW Stock Forecast page.