---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-058429"
form_type: "8-K"
ticker: "INSW"
cik: "0001679049"
company_name: "International Seaways, Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T10:59:10.648526+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-058429
- form_type: 8-K
- ticker: INSW
- cik: 0001679049
- company_name: International Seaways, Inc.
- filed_at: 2024-05-08T23:59:59+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/1679049/000110465924058429/0001104659-24-058429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1679049/000110465924058429/tm2413782d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-058429
- JSON: https://secwatch.observer/filing/0001104659-24-058429.json
- Plain text: https://secwatch.observer/filing/0001104659-24-058429.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1679049/000110465924058429/0001104659-24-058429-index.htm

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