secwatch.observer — SEC 8-K summary
======================================

Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001104659-24-058429
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924058429/0001104659-24-058429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465924058429/tm2413782d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-058429

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer