earnings
confidence high
sentiment neutral
materiality 0.75
International Seaways Q3 net income $71M ($1.42 EPS), down from $92M YoY; declares $0.86 dividend
International Seaways, Inc.
2025-Q3 EPS reported
$3.67
revenue$575,423,000
- Net income $71M ($1.42 per diluted share) vs $92M ($1.84) YoY; adjusted net income $57M ($1.15).
- Revenue $196M, down from $225M YoY; Adjusted EBITDA $108M vs $130M YoY.
- Declared combined dividend $0.86/share (regular $0.12 + supplemental $0.74), payable Dec 23, record Dec 9.
- Fleet renewal: sold 5 vessels for $67M, agreed to sell 3 more for $37M; agreed to buy 2020-built VLCC for $119M.
- Issued $250M senior unsecured bonds at 7.125% in Norwegian market; unencumbered six VLCCs; extended $50M buyback to end 2026.