International Seaways (NYSE:INSW) Posts Quarterly Earnings Results, Beats Estimates By $0.70 EPS

International Seaways (NYSE:INSW) released its quarterly earnings results on Thursday. The transportation company reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.75 by $0.70, FiscalAI reports. International Seaways had a net margin of 28.26% and a return on equity of 10.13%. The business had revenue of $267.88 million for the quarter, compared to analyst estimates of $245.29 million. During the same quarter in the previous year, the business earned $0.90 earnings per share. The firm’s revenue was up 37.7% compared to the same quarter last year.

Here are the key takeaways from International Seaways’ conference call:

• Net income for Q4 was about $128 million ($2.56/diluted share) and adjusted net income was $122 million, and the company declared its largest-ever quarterly dividend of $2.15 per share (87% payout) while maintaining a $50 million share repurchase program through end‑2026.
• Executed fleet renewal moves — acquired the 2020-built VLCC Seaways Gibbs Hill for $119 million, sold 17 older vessels for roughly $347 million total, and has four LR1 newbuilds due to deliver in 2026 that are fully financed.
• Balance sheet strength with $724 million total liquidity (ending cash ~$167M plus undrawn revolver), net loan-to-value around 13%, under $400 million net debt, 31 unencumbered vessels, cost of debt under 6%, and a spot cash breakeven under $15,000/day.
• Management sees supportive market fundamentals — >1.0 mb/d oil demand growth in 2026–27, sanctions and sanctioned tonnage removing vessels from the compliant fleet, backwardated market structure and China stockbuilding — which they say supports a multi-year tanker upcycle that benefits Seaways.
• Q4 vessel expenses were higher than guidance due to timing of stores and spares, the company reported a net cash decrease of $261 million in the quarter, and consolidation of Tankers International modestly increases G&A (offset by TI commissions); capital allocation is reviewed quarterly by the board.

International Seaways Price Performance

INSW stock traded up $2.97 during midday trading on Thursday, reaching $72.49. 860,982 shares of the company’s stock traded hands, compared to its average volume of 463,694. The company has a 50-day simple moving average of $57.25 and a two-hundred day simple moving average of $51.26. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. International Seaways has a 1-year low of $27.20 and a 1-year high of $72.73. The company has a market cap of $3.58 billion, a price-to-earnings ratio of 16.51 and a beta of -0.19.

International Seaways Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Friday, March 20th will be given a dividend of $0.12 per share. The ex-dividend date is Friday, March 20th. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. International Seaways’s dividend payout ratio is 10.93%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. BTIG Research upped their price target on International Seaways from $70.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday. Benchmark reissued a “buy” rating on shares of International Seaways in a research report on Thursday. Weiss Ratings restated a “hold (c+)” rating on shares of International Seaways in a research note on Thursday, January 22nd. Zacks Research lowered International Seaways from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Finally, Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Buying and Selling at International Seaways

In other news, CFO Jeffrey Pribor sold 1,000 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $63.29, for a total value of $63,290.00. Following the completion of the sale, the chief financial officer directly owned 83,463 shares in the company, valued at approximately $5,282,373.27. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $63.96, for a total transaction of $127,920.00. Following the transaction, the chief executive officer owned 178,421 shares in the company, valued at approximately $11,411,807.16. This trade represents a 1.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 9,000 shares of company stock worth $502,610 in the last 90 days. Company insiders own 2.00% of the company’s stock.

Hedge Funds Weigh In On International Seaways

Large investors have recently bought and sold shares of the business. Amundi acquired a new stake in shares of International Seaways during the 4th quarter worth about $13,663,000. Tudor Investment Corp ET AL acquired a new stake in International Seaways during the fourth quarter worth approximately $7,087,000. Frontier Capital Management Co. LLC boosted its holdings in shares of International Seaways by 105.2% during the second quarter. Frontier Capital Management Co. LLC now owns 270,386 shares of the transportation company’s stock worth $9,864,000 after acquiring an additional 138,625 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in International Seaways by 226.0% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 145,280 shares of the transportation company’s stock worth $6,695,000 after purchasing an additional 100,715 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in International Seaways by 46.4% in the 2nd quarter. AQR Capital Management LLC now owns 306,160 shares of the transportation company’s stock valued at $11,169,000 after purchasing an additional 97,081 shares during the period. 67.29% of the stock is currently owned by institutional investors and hedge funds.

International Seaways Company Profile

International Seaways, Inc (NYSE: INSW) is an independent tanker company that provides seaborne transportation services to oil companies, commodity traders and national oil companies. The firm’s operations focus on the carriage of crude oil and refined petroleum products, offering both time­ charter and voyage­ charter arrangements. With a modern fleet of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium range (MR) and Handy product tankers, International Seaways supports global energy supply chains across major trade routes.

Founded in 1997 as Diamond S Shipping, the company completed its initial public offering in the late 1990s and rebranded to International Seaways in September 2018.