---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-029058"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T06:53:15.428091+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# INSW posts record full-year 2023 net income of $556M; Q4 net income $132M, dividend $1.32/share

## Summary
- Full-year 2023 net income $556.4M ($11.25 diluted EPS), up from $387.9M in 2022; record earnings.
- Q4 2023 net income $132.1M ($2.68 diluted) vs $218.4M in Q4 2022; adjusted net income $107.6M ($2.18 diluted).
- Declared combined dividend $1.32/share ($0.12 regular + $1.20 supplemental) payable March 28; represents 60% of adjusted Q4 net income.
- Total liquidity ~$601M; net loan-to-value 17% (lowest ever); prepaid nearly $300M debt in 2023.
- Agreed to buy six MRs for $232M (15% stock); ordered four LR1 newbuilds; contracted future revenues $354M.

## SEC filing metadata
- accession: 0001104659-24-029058
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2024-02-29T23:59:59+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/1679049/000110465924029058/0001104659-24-029058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465924029058/tm247547d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-029058
- JSON: https://secwatch.observer/filing/0001104659-24-029058.json
- Plain text: https://secwatch.observer/filing/0001104659-24-029058.txt

## Key facts
- Earnings Releases
  International Seaways, Inc. reported the fourth quarter and full year of 2023 results: net income Net income for the full year of 2023 was $556.4 million, or $11.25 per diluted share.
  - Period: the fourth quarter and full year of 2023
  - Net income: Net income for the full year of 2023 was $556.4 million, or $11.25 per diluted share
  - Result: reported results
  source text: Net income for the full year of 2023 was $556.4 million, or $11.25 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465924029058/0001104659-24-029058-index.htm

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