International Seaways Q1 net income $144.5M ($2.92/dil EPS); declares $1.75/share combined dividend

International Seaways, Inc.

2024-Q1 EPS reported $2.92 revenue$274,401,000

Net income $144.5M ($2.92/dil EPS) vs $172.6M ($3.47/dil) in Q1 2023.
Declared combined dividend $1.75/share (regular $0.12 + supplemental $1.63), payable June 26, record June 12.
Consolidated TCE revenues $270.9M, down from $283.3M YoY; shipping revenues $274.4M.
Entered new $500M revolving credit facility, reducing cash breakeven by $3,000/day to ~$13,500/day.
Took delivery of three eco MRs (of six); sold 2009-built MR for $23M; new charters added $86M to contracted revs.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

International Seaways, Inc. reported first quarter 2024 results: revenue $274.4 million, net income $144.5 million, EPS $2.92 per diluted share.

Period: first quarter 2024
Revenue: $274.4 million
Net income: $144.5 million
EPS: $2.92 per diluted share
Result: reported results

Exact text from the filing

the first quarter of 2023, partially offset by lower interest expense from the reduction of debt by nearly $300 million during 2023. Shipping revenues for the first quarter were $274.4 million, compared to $287.1 million for the first quarter of 2023. Consolidated TCE revenues (1) for the first quarter were $270.9 million, compared to $283.3 million for the first

View on SEC.gov

708 earnings releases filed in the last 30 days. Browse all earnings releases →

International Seaways, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-058429

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.