---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-115010"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T16:02:38.805644+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# International Seaways Q3 net income $98M ($1.99/sh); declares combined dividend $1.25/sh

## Summary
- Net income $97.9M ($1.99 diluted EPS) vs $113.4M ($2.28) in Q3 2022; adjusted net income $100.7M ($2.04).
- Shipping revenues $241.7M vs $236.8M YoY; TCE revenues $236M; Adjusted EBITDA $150.9M vs $157.1M.
- Declared combined dividend $1.25/share ($0.12 regular + $1.13 supplemental), payable Dec 27, 2023, record Dec 13.
- Repurchased 366,483 shares YTD at avg $38.03; $50M buyback authorization extended to end of 2025.
- Ordered four LR1 newbuildings (~$231M total); sold two 2008 MRs; prepaid $316M debt YTD; cash breakeven cut to ~$14,750/day.

## SEC filing metadata
- accession: 0001104659-23-115010
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1679049/000110465923115010/0001104659-23-115010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465923115010/tm2330033d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-115010
- JSON: https://secwatch.observer/filing/0001104659-23-115010.json
- Plain text: https://secwatch.observer/filing/0001104659-23-115010.txt

## Key facts
- Earnings Releases
  International Seaways, Inc. reported the third quarter 2023 results: revenue $241.7 million, net income $97.9 million, or $1.99 per diluted share.
  - Period: the third quarter 2023
  - Revenue: $241.7 million
  - Net income: $97.9 million, or $1.99 per diluted share
  - Result: reported results
  source text: in depreciation and amortization due to the impact of VLCC newbuilding deliveries as well as increased drydockings and amortization. Shipping revenues for the third quarter were $241.7 million, compared to $236.8 million for the third quarter of 2022. Consolidated TCE revenues for the third quarter were $236.0 million, compared to $234.5 million for the third quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465923115010/0001104659-23-115010-index.htm

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