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

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

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 Stock Performance

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

International Seaways Dividend Announcement

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

Analyst Ratings Changes

INSW has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of International Seaways from a “buy” rating to a “hold” rating in a research note on Saturday, February 7th. Pareto Securities raised International Seaways from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, January 20th. BTIG Research increased their target price on International Seaways from $70.00 to $80.00 and gave the stock a “buy” rating in a report on Thursday. Benchmark reiterated a “buy” rating on shares of International Seaways in a research report on Thursday. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of International Seaways in a research report on Thursday, January 22nd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $64.00.

Insider Buying and Selling

In other news, CFO Jeffrey Pribor sold 1,000 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $63.29, for a total transaction of $63,290.00. Following the completion of the transaction, the chief financial officer owned 83,463 shares of the company’s stock, valued at approximately $5,282,373.27. The trade was a 1.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Lois K. Zabrocky sold 2,000 shares of the company’s stock in a transaction dated Monday, December 15th. The stock was sold at an average price of $48.56, for a total transaction of $97,120.00. Following the transaction, the chief executive officer owned 182,421 shares of the company’s stock, valued at $8,858,363.76. This represents a 1.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 9,000 shares of company stock valued at $502,610 in the last 90 days. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

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