International Seaways Reports Record Q1 Earnings, Boosts Supplemental Dividend to $4.43/Share
INSW has more than doubled off its 52-week low of $35.6.
Summary
International Seaways reported record Q1 2026 earnings with significantly higher net income and EPS, and declared a substantial $4.43 supplemental dividend, reflecting strong financial health and strategic fleet management.
Key Events · Earnings and Guidance · INSW
-
Record First Quarter Financial Performance
Net income surged to $286.1 million ($5.75 diluted EPS) in Q1 2026, a significant increase from $49.6 million ($1.00 diluted EPS) in Q1 2025, driven by a 78% rise in Time Charter Equivalent (TCE) revenues to $317.2 million.
-
Substantial Supplemental Dividend Declared
The Board declared a regular quarterly dividend of $0.12/share and a supplemental dividend of $4.43/share, totaling $4.55 per share, to be paid on June 26, 2026. This follows a previous supplemental dividend of $2.03/share.
-
Strong Liquidity and Reduced Net Debt
Total liquidity stands at $917.9 million as of March 31, 2026, with net debt to capital significantly reduced to 9.3% from 16.5% at year-end 2025, indicating robust financial health.
-
Strategic Fleet Optimization and Acquisition
The company generated $222.8 million in net proceeds from the disposal of seven older vessels (one 2007-built MR, four 2008-built MRs, one 2010-built VLCC, and one 2012-built VLCC), recognizing an $88.2 million gain. It also took delivery of two new LR1 vessels and acquired the remaining 50% interest in Tankers (UK) Agencies Limited (TUKA) for $10.0 million, recognizing a $3.9 million non-cash gain.
Analysis · INSW · Energy & Transportation
International Seaways, Inc. has filed its detailed Q1 2026 earnings report, confirming the robust performance previously announced today. The company reported a significant increase in net income to $286.1 million and diluted EPS of $5.75, a substantial improvement from $49.6 million and $1.00, respectively, in Q1 2025. This exceptional financial performance is further underscored by a substantial increase in the supplemental cash dividend to $4.43 per share, bringing the total quarterly dividend to $4.55 per share. The company also highlighted its strategic fleet optimization, including $222.8 million in net proceeds from vessel disposals and the delivery of new LR1 vessels, alongside an improved balance sheet with net debt to capital reduced to 9.3%. While acknowledging ongoing geopolitical risks in the Middle East, the company states these have not had a material adverse effect on operations to date. This filing reinforces the company's strong operational execution and commitment to shareholder returns.
How filings like this one have moved
In the 30 days to Oct 4, 2026, 41.7% of the 300 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.48%. 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 $88.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $4.2B. The 52-week trading range was $35.60 to $88.52. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.