For Q4 2025, International Seaways generated shipping revenues of 267879000 and net income of 127504000, driven by higher spot TCE rates across crude and product segments, with Adjusted EBITDA of 174770000.

International Seaways delivered a strong third quarter in 2025, with net income of $71 million and TCE revenues of $192 million. The company continued its fleet optimization program by taking delivery of new LR1 newbuildings and selling older vessels, while also enhancing its balance sheet through a bond offering. Shareholder returns remained a priority with a combined dividend of $0.77 per share paid in September.

International Seaways experienced a decline in its second quarter 2025 financial performance, with net income falling to $62 million from $145 million in Q2 2024, primarily due to lower TCE revenues and reduced gains from vessel sales. Despite the downturn, the company continued its strategic fleet optimization by selling older vessels and acquiring modern tonnage, while maintaining a strong balance sheet with over $700 million in total liquidity. The company also continued its commitment to shareholder returns through significant dividends.

International Seaways reported a net income of $50 million for the first quarter of 2025, or $1.00 per diluted share, a decrease from $144 million in the first quarter of 2024. Total shipping revenues were $183 million, down from $274 million in the prior year, primarily due to lower TCE revenues from decreased spot rates across its tanker fleet.

International Seaways reported a net income of $36 million for Q4 2024, with shipping revenues of $195 million. The company continued its fleet optimization program and maintained a robust balance sheet, returning capital to shareholders through dividends and share repurchases.

International Seaways reported a net income of $92 million for Q3 2024, slightly lower than the $98 million in Q3 2023. The decrease was primarily due to lower TCE revenues and increased vessel expenses, partially offset by gains from vessel sales. The company returned nearly $100 million to investors through dividends and share repurchases.

International Seaways reported a net income of $144.7 million for Q2 2024, with shipping revenues of $257.4 million. The company continued its fleet optimization program, acquiring six modern MR vessels and selling older tonnage. They also enhanced their financial flexibility through a new revolving credit facility and returned value to shareholders through dividends.

International Seaways reported a net income of $144.5 million for Q1 2024, with earnings per diluted share of $2.92. The company continues to return cash to shareholders, declaring a combined dividend of $1.75 per share. They also optimized their capital structure with a new $500 million revolving credit facility.

International Seaways reported a net income of $132.1 million, or $2.68 per diluted share, for Q4 2023, compared to $218.4 million, or $4.40 per diluted share, for Q4 2022. The decrease was driven by lower spot earnings due to lower OPEC+ production. Shipping revenues for the fourth quarter were $250.7 million, compared to $338.2 million for the fourth quarter of 2022.

International Seaways reported a net income of $97.9 million for Q3 2023, with shipping revenues reaching $241.7 million. The company continued to return cash to shareholders, declaring a combined dividend of $1.25 per share for the fourth quarter.

International Seaways reported a net income of $153.8 million for Q2 2023, a significant increase compared to $69.0 million in Q2 2022. The increase was primarily driven by higher TCE revenues due to disrupted trading patterns and increased oil demand.

International Seaways reported a net income of $172.6 million for Q1 2023, a significant increase compared to the net loss of $13.0 million in Q1 2022. The company benefited from higher tanker demand due to regional imbalances and sanctions on Russian oil. They continued to return cash to shareholders with a combined dividend of $1.62 per share.

International Seaways reported a net income of $218.4 million for Q4 2022, a significant increase compared to a net loss of $34.0 million in Q4 2021. The company capitalized on its diverse fleet and favorable market conditions, including increased tanker demand and disrupted trading patterns.

International Seaways reported a net income of $113.4 million for Q3 2022, a significant increase compared to a net loss of $67.4 million in Q3 2021. This improvement was driven by a $161.6 million increase in revenues due to strengthening market conditions and strategic initiatives.

International Seaways reported a net income of $69.0 million for the second quarter of 2022, compared to a net loss of $18.8 million for the same period in 2021. The company capitalized on strong oil markets, increased its dividend, and completed a senior secured debt refinancing.

International Seaways reported a net loss of $13.0 million for the first quarter of 2022, compared to a net loss of $13.4 million for the same period in 2021. The company continued to advance its strategic objectives by optimizing its fleet and strengthening its balance sheet. Consolidated TCE revenues increased to $98.0 million, driven by a significant increase in revenue days following the merger.

International Seaways reported a net loss for Q4 2021, which was, however, lower than the net loss reported for Q4 2020. The decrease in net loss primarily reflects gain on disposal of vessels, partially offset by merger and integration related costs.

International Seaways reported a net loss of $67.4 million for Q3 2021, compared to a net income of $14.0 million in Q3 2020. The decline was primarily due to lower TCE revenues and increased vessel expenses, despite the merger with Diamond S. The company completed the merger and is focused on achieving cost and revenue synergies. They also returned capital to shareholders through dividends and share repurchases.

International Seaways reported a net loss of $18.8 million for Q2 2021, a significant decrease compared to the net income of $64.4 million in Q2 2020. The decline is primarily attributed to lower TCE revenues. The company completed its merger with Diamond S Shipping and expects to achieve cost synergies in excess of $23 million and revenue synergies of $9 million within 2022.

International Seaways reported a net loss of $13.4 million for Q1 2021, a significant decrease compared to the net income of $33.0 million in Q1 2020. This decline is primarily attributed to lower TCE revenues, influenced by decreased global oil production, inventory drawdowns, and the ongoing impact of COVID-19 on oil demand. The company progressed with a merger with Diamond S Shipping and contracted to build three dual fuel LNG VLCCs.

International Seaways reported a net loss for Q4 2020, primarily due to lower TCE revenues and losses on vessel disposals. However, the company highlighted its strong cash position, dividend initiation, and share repurchases as steps towards unlocking shareholder value.

International Seaways reported a net income of $14.0 million for Q3 2020, compared to a net loss of $11.1 million in Q3 2019. The increase primarily reflects higher TCE revenues and substantially lower charter hire expenses and interest expense. The company's total liquidity at quarter's end was $194 million, and the net loan to value was 39%.

International Seaways reported a net income of $64.4 million for Q2 2020, a significant increase compared to a net loss of $16.5 million in Q2 2019. The company capitalized on strong TCE revenues and lower interest expenses. They also repurchased $20 million of shares and prepaid $40 million Transition Loan.

International Seaways reported a net income of $33.0 million, or $1.12 per diluted share, for the first quarter of 2020, compared to a net income of $10.9 million, or $0.37 per diluted share, in the first quarter of 2019. Consolidated TCE revenues for the first quarter of 2020 were $119.7 million, compared to $94.0 million in the first quarter of 2019.

International Seaways reported a net income of $15.9 million for Q4 2019, driven by strong TCE revenues and strategic capital allocation, including the monetization of a non-core investment. The company's refinancing efforts are expected to reduce annual interest expense by approximately $15 million. They also initiated a program to return capital to shareholders through a quarterly dividend of $0.06 per share.