---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-115698"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2022-11-08T23:59:59+00:00"
generated_at: "2026-06-22T03:55:28.369642+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# International Seaways Q3 net income $113.4M ($2.28/sh) vs year-ago loss; declares $1 special dividend

## Summary
- Net income $113.4M ($2.28 diluted EPS) vs net loss $67.4M (-$1.44) in Q3 2021; revenue $236.8M vs $84.8M.
- Adjusted EBITDA $157.1M vs $8.0M; TCE revenues $234.5M vs $73.0M.
- Product Carriers TCE revenues surged to $159.4M from $38.2M; crude tankers $75.2M from $34.8M.
- Board declared regular $0.12/sh and special $1.00/sh dividends, payable Dec 22 to holders of record Dec 8.
- Repurchased 687,740 shares for ~$20M at avg $29.08; redeemed $25M of 8.5% senior notes due 2023.

## SEC filing metadata
- accession: 0001104659-22-115698
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2022-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465922115698/0001104659-22-115698-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465922115698/tm2229965d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-115698
- JSON: https://secwatch.observer/filing/0001104659-22-115698.json
- Plain text: https://secwatch.observer/filing/0001104659-22-115698.txt

## Key facts
- Earnings Releases
  International Seaways, Inc. reported third quarter of 2022 results: revenue $236.8 million, net income $113.4 million, or $2.28 per diluted share, EPS $2.28 per diluted share.
  - Period: third quarter of 2022
  - Revenue: $236.8 million
  - Net income: $113.4 million, or $2.28 per diluted share
  - EPS: $2.28 per diluted share
  - Result: reported results
  source text: Consolidated TCE revenues (C) for the third quarter were $234.5 million, compared to $73.0 million for the third quarter of 2021. Shipping revenues for the third quarter were $236.8 million, compared to $84.8 million for the third quarter of 2021. Adjusted EBITDA (A) for the third quarter was $157.1 million, compared to $8.0 million for the third quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465922115698/0001104659-22-115698-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.