International Seaways Posts Record Q2 2026 with $5.91 EPS and a $5.05 Dividend
INSW has more than doubled off its 52-week low of $41.2.
Summary
International Seaways crushed Q2 2026 estimates with $5.91 EPS, declared a $5.05 dividend, and showcased a rock-solid balance sheet with $935M in liquidity.
Key Events · Earnings and Guidance · INSW
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Record Q2 Earnings
Driven by a 130% increase in TCE revenues to $434.2M, net income reached $294.9M ($5.91 diluted EPS), compared with $61.6M ($1.25) in Q2 2025.
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Massive Dividend Declaration
The board declared a $5.05 per share dividend, payable September 24, 2026—the largest in company history—following $2.15 and $4.55 dividends earlier in 2026.
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Fortress Balance Sheet
With total liquidity of $935.1M (cash, short-term investments, undrawn revolvers) and net debt to capital of just 9.4%, the company has ample capacity for fleet renewal and shareholder returns.
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Fleet Renewal and Growth
Four additional LR1 newbuilds were ordered for $244M (delivery H2 2028), seven older vessels were sold for $222.4M in proceeds and an $88.1M gain, and two LR1 newbuilds were delivered.
Analysis · INSW · Energy & Transportation
A massive Q2 beat saw net income leap to $294.9 million from $61.6 million a year ago, fueled by a 130% surge in time charter equivalent revenues. Reflecting confidence in sustained cash generation, the company declared its largest-ever quarterly dividend of $5.05 per share. The balance sheet remains fortress-like, with $935 million in liquidity and net debt to capital of just 9.4%. Fleet renewal continues, with four new LR1 orders and vessel sales locking in gains. The only cautionary note is the CEO's newly adopted 10b5-1 plan, though it represents a small, pre-planned sale. Overall, this blowout quarter reinforces the company's exceptional earnings power in the current tanker market.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 36.9% of the 964 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.65%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, INSW was trading at $94.75 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.6B. The 52-week trading range was $41.20 to $98.23. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.