---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-026388"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2023-02-28T23:59:59+00:00"
generated_at: "2026-06-18T22:22:55.936720+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# International Seaways reports record Q4 net income $218.4M, declares $2.00 combined dividend

## Summary
- Q4 net income $218.4M ($4.40 diluted EPS) vs net loss $34.0M ($0.68 loss) in Q4 2021; full-year net income $387.9M ($7.77 EPS) vs loss $133.5M.
- Consolidated TCE revenues Q4 $335.7M (up from $93.0M YoY); full-year TCE revenues $853.7M (up from $255.9M).
- Board declared regular quarterly dividend $0.12/share and supplemental dividend $1.88/share, payable March 28, 2023 to holders of record March 14.
- Fleet optimization: sold 2008-built MR for ~$14M net; agreed to sell another MR for ~$14M; exercised purchase options on two Aframaxes for ~$41M (45% discount).
- Credit facility amendment expected March 2023: RCF increased by $40M to ~$260M, $100M prepayment on term loan, 22 vessels removed from collateral.

## SEC filing metadata
- accession: 0001104659-23-026388
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2023-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465923026388/0001104659-23-026388-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465923026388/tm238029d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-026388
- JSON: https://secwatch.observer/filing/0001104659-23-026388.json
- Plain text: https://secwatch.observer/filing/0001104659-23-026388.txt

## Key facts
- Earnings Releases
  International Seaways, Inc. reported fourth quarter and full year of 2022 results: revenue $338.2 million, net income $218.4 million, EPS $4.40 per diluted share.
  - Period: fourth quarter and full year of 2022
  - Revenue: $338.2 million
  - Net income: $218.4 million
  - EPS: $4.40 per diluted share
  - Result: reported results
  source text: Consolidated TCE revenues for the fourth quarter were $335.7 million, compared to $93.0 million for the fourth quarter of 2021. Shipping revenues for the fourth quarter were $338.2 million, compared to $94.7 million for the fourth quarter of 2021. Adjusted EBITDA for the fourth quarter was $254.3 million, compared to $11.9 million for the fourth quarter of 2021.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465923026388/0001104659-23-026388-index.htm

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