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

Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2025-05-08T23:59:59+00:00
Accession:  0001104659-25-045885
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925045885/0001104659-25-045885-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465925045885/tm2514388d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-045885

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