INSW Q1 net income falls 65% YoY to $50M; declares $0.60 dividend

International Seaways, Inc.

2025-Q1 EPS reported $1.00 revenue$183,394,000

Net income Q1 2025 $50M ($1.00 diluted EPS) vs $144M ($2.92) a year ago; adjusted $40M ($0.80).
Revenue $183M, down 33% YoY; TCE revenues fell to $178M from $271M.
Spot rates dropped: VLCC $33.5K/day, Suezmax $30.9K, Aframax $25.4K; LR1 $27.4K, MR $21.4K.
Declared $0.60 combined dividend (reg $0.12 + supp $0.48) payable June 26; 12-month dividends $4.00/share (~10% yield).
Liquidity $673M; net LTV 15%; $50M share repurchase authority remains.

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