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International Seaways, Inc.

International Seaways, Inc.

NYSE•INSW
CEO: Ms. Lois K. Zabrocky
Sector: Energy
Industry: Oil & Gas Midstream
Listing Date: 2016-11-16
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
Contact Information
600 Third Avenue, 39th Floor, New York, NY, 10016, United States
212-578-1600
intlseas.com
Market Cap
$2.67B
P/E (TTM)
12.2
19
Dividend Yield
6.1%
52W High
$54.62
52W Low
$27.20
52W Range
98%
3.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$196.39M-12.79%
4-Quarter Trend

EPS

$1.43-22.70%
4-Quarter Trend

FCF

-$9.42M-108.16%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Liquidity Position Total liquidity reached $984.8M, including $412.6M cash and $572.2M undrawn capacity as of September 30, 2025.
Asset Base Expansion Total Assets grew to $2.79B as of September 30, 2025, up from $2.64B at year-end December 31, 2024.
Nine Month Net Income Nine months Net Income $181.76M, reflecting a 52% decrease from $380.90M reported for the comparable 2024 period.
Fleet Renewal Underway Five LR1 newbuilds scheduled for delivery between Q4 2025 and Q3 2026, expanding the total operating fleet.

Risk Factors

Income Declines Sharply Nine months Net Income $181.76M, down $199.14M from $380.90M in the prior year period due to lower TCE revenues.
TCE Revenue Decreases Three months TCE Revenues $196.39M, down 12% from $225.19M, driven by lower average daily rates across key sectors.
Trade Regulation Uncertainty Increased trade protectionism, tariffs, and US/China fee regulations create operational uncertainty for vessel deployment.
Highly Cyclical Industry Industry highly cyclical nature and fluctuating charter rates pose ongoing risks to achieving optimal economic performance.

Outlook

Fleet Growth Completion Total operating and newbuild fleet expected to reach 76 vessels by Q3 2026 following scheduled new LR1 deliveries.
Debt Repayment Strategy Proceeds from $250M 2030 Bonds issuance intended to finance Ocean Yield Lease Financing repurchase in November 2025.
Tax Domicile Change Redomiciliation process of international shipping subsidiaries to Bermuda is expected to be completed by end of Q4 2025.
Capital Allocation Focus Strategy emphasizes disciplined capital allocation, fleet renewal, incremental debt reduction, and consistent shareholder returns.

Peer Comparison

Revenue (TTM)

Delek US Holdings, Inc.DK
$10.67B
-22.4%
Patterson-UTI Energy, Inc.PTEN
$4.84B
-16.6%
Liberty Energy Inc.LBRT
$3.91B
-12.0%

Gross Margin (Latest Quarter)

TORM plcTRMD
50.2%
-10.3 pp
Kinetik Holdings Inc.KNTK
25.4%
-13.0 pp
Teekay Tankers Ltd.TNK
23.9%
-4.6 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
INSW$2.67B12.211.5%28.8%
LBRT$2.58B13.99.2%17.9%
DK$2.44B-4.8-219.3%1.2%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+0.3%
Moderate Growth
4Q Net Income CAGR
+25.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $196.39M-12.8%
    |
    EPS: $1.43-22.7%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $195.64M-24.0%
    |
    EPS: $1.25-57.3%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 8, 2025|
    Revenue: $183.39M-33.2%
    |
    EPS: $1.00-66.1%
    Beat

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $951.61M-11.2%
    |
    EPS: $8.46-25.5%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 7, 2024|
    Revenue: $225.19M+376.7%
    |
    EPS: $1.85-7.5%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $257.41M-11.9%
    |
    EPS: $2.93-6.7%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $274.40M-4.4%
    |
    EPS: $2.95-16.0%
    Beat

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.07B+24.0%
    |
    EPS: $11.35+44.4%
    Beat