INSW Q2 2026 net income $295M ($5.91/sh) vs $62M YoY; record dividend $5.05

International Seaways, Inc.

Q2 2026 net income $295M ($5.91 diluted EPS) vs $62M ($1.25) in Q2 2025; shipping revenues $467M vs $196M.
Record adjusted EBITDA $345M and free cash flow $261M; TCE revenues $434M vs $189M YoY.
Declared record $5.05/share dividend payable Sept 24, 2026 (record Sept 10); 3rd straight quarter with >=85% payout ratio.
Contracted four LR1 newbuilds for $244M (deliveries 2028); took delivery of Seaways Cristobal, two more LR1s due Q3 2026.
Liquidity ~$935M (cash $409M + $526M revolver); net LTV ~6%; $50M buyback authorization remains.

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