International Seaways Q1 FY26 net income more than quadruples to $286 million; revenue rises to $325 million

International Seaways, Inc.

International Seaways, Inc.

INSW

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  • International Seaways posted Q1 net income of USD 286 million, or USD 5.75 per diluted share, versus USD 50 million a year earlier.
  • Shipping revenues climbed to USD 325 million from USD 183 million.
  • Board declared a USD 4.55 per share dividend, made up of USD 0.12 regular dividend and USD 4.43 supplemental dividend, payable June 26 to holders of record June 12.
  • Quarter included sale of seven vessels for about USD 216 million in proceeds, booking USD 88 million in gains; total liquidity stood at about USD 918 million at March 31.
  • CEO Lois K. Zabrocky flagged Strait of Hormuz risks, saying a prolonged disruption would strain global markets, while tanker markets could still benefit later from rebalancing trade flows and inventory replenishment.


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