The combination of strong earnings growth, record dividend, and healthy balance sheet suggests INSW is well-positioned to capitalize on continued strength in tanker markets. Traders should monitor tanker rate trends and the company's fleet renewal strategy.
Price Chart
Executive Summary
International Seaways (INSW) reported strong Q4 and full-year 2025 results, with net income of $128M ($2.56/share) in Q4, up from $36M ($0.72/share) in Q4 2024, driven by higher tanker rates and fleet optimization. The company declared a record $2.15 per share dividend and highlighted continued strength in tanker markets.
Key Financial Metrics
Key Facts
- Q4 2025 net income: $128M ($2.56 diluted EPS), up 256% YoY
- Full-year 2025 net income: $309M ($6.23 diluted EPS)
- Declared record $2.15 per share dividend (87% of adjusted net income)
- Total liquidity: $724M as of Dec 31, 2025, with net loan-to-value of 13%
- Sold 10 vessels in 2025 for $131M and 7 more in early 2026 for $216M
- Took delivery of new VLCC and two LR1 newbuildings
Financial Impact
$337M in net income for 2025, $128M in Q4 2025, and $357M in dividend payments in 2025-2026
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Crude Tankers | $641.8M | -14.3% |
| Product Carriers | $157.6M | +15.0% |
Risk Factors
- Tanker market rates could decline if geopolitical tensions ease or oil demand slows
- Execution risk on fleet renewal and newbuilding delivery schedule
- Potential for increased competition in tanker markets
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-020057 |
| Document: tm267346d1_8k.htm | 0001104659-26-020057 |
| Document: 0001104659-26-020057-index-headers.html | 0001104659-26-020057 |
| Document: 0001104659-26-020057-index.html | 0001104659-26-020057 |
| Document: 0001104659-26-020057.txt | 0001104659-26-020057 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $113.75 | awaiting T+5 | — | $111.41 (−2.06%) |
Oct 21, 2026 6d ago | 8-K | $108.42 | awaiting T+5 | — | $111.41 (+2.76%) |
Oct 19, 2026 8d ago | Insider Cluster | $104.76 $111.41 | ▲ +6.35% | ▲ +6.27% | $111.41 (+6.35%) |
Oct 16, 2026 11d ago | Insider Cluster | $109.99 $110.78 | ▼ −0.72% | ▼ −1.15% | $111.41 (−1.29%) |
Oct 16, 2026 11d ago | 8-K | $109.99 $108.42 | ▼ −1.43% | ▼ −1.52% | $111.41 (+1.29%) |
Oct 8, 2026 19d ago | SC 13D/A | $119.82 $109.99 | ▼ −8.20% | ▼ −6.24% | $111.41 (−7.02%) |
Aug 17, 2026 10w ago | 144 | $98.77 $99.05 | ▲ +0.28% | ▲ +0.48% | $111.41 (+12.80%) |
Aug 10, 2026 11w ago | 8-K | $90.40 $98.36 | ▲ +8.81% | ▲ +8.85% | $111.41 (+23.24%) |
Jul 17, 2026 14w ago | Insider Cluster | $88.40 $92.28 | ▲ +4.39% | ▲ +4.82% | $111.41 (+26.03%) |
Jun 17, 2026 18w ago | Insider Cluster | $84.49 $81.49 | ▼ −3.55% | ▼ −1.88% | $111.41 (+31.86%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers