secwatch.observer — SEC 8-K summary
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Issuer:     International Seaways, Inc. (INSW)
CIK:        0001679049
Form:       8-K
Filed at:   2026-08-10T11:30:36+00:00
Accession:  0001104659-26-093033
Event type: earnings
Sentiment:  positive
Materiality: 0.95
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1679049/000110465926093033/0001104659-26-093033-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1679049/000110465926093033/tm2622617d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-093033

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