NYSE$INSW

International Seaways Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

International Seaways reported Q3 2025 shipping revenues of $196.4M with net income of $70.5M.

Third-quarter voyage and time-charter equivalent revenues totaled $196.4 million with net income of $70.5 million. Tanker market rates, fleet utilization, and vessel dispositions affected quarterly results.

  • Q3 shipping revenues $196.4M.
  • Net income $70.5M.
  • Vessel expenses and charter hire detailed by segment.
  • Gain on vessel disposals noted in operating expenses.

Headline financials

Total Revenue

$196M

Previous: $225M-12.8%
EPS (adj)

$1.15

Previous: $1.57-26.8%
Adjusted EBITDA

$108M

No prior period
TCE Revenues

$192M

No prior period
Dividends Paid per Share

$0.77

No prior period
Dividends Declared per Share

$0.86

No prior period
Total Revenue Days

6.2K

No prior period
VLCC Avg Spot TCE Rate

$29.7K

No prior period
Suezmax Avg Spot TCE Rate

$34.3K

No prior period
Aframax Avg Spot TCE Rate

$38.7K

No prior period
LR2 Avg Fixed TCE Rate

$39.5K

No prior period
LR1 Avg Spot TCE Rate

$34.6K

No prior period
MR Avg Spot TCE Rate

$21.5K

No prior period
Capital Expenditures

-$627K

Previous: -$880K+28.7%
Net Income

$70.5M

Previous: $91.7M-23.1%
Operating Income

$78.7M

Previous: $101M-22.1%

Revenue & EPS history

International Seaways · Revenue · Quarterly

$196M

Q3 2025-12.8%vs Q3 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

International Seaways · $242M total across 2 segments · Q3 2023

  • Product Carriers
    $128M-20.2%
  • Crude Tankers
    $114M+48.2%

Forward guidance

The filing discusses International Seaways's outlook for upcoming periods, including capital allocation, operating priorities, and market risks disclosed in the quarterly report.

Tailwinds

  • International Seaways cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.
  • Macro travel demand and charter/shipping rates can swing quarterly earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+1.1%

Avg return

Earnings day

+1.8%

Avg return

5 days after

+0.3%

Avg return

30 days after

68%

26 / 38 earnings

Positive

+10.3%

Q1 2021

Best reaction

-15.5%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+5.1%+3.0%-5.5%
Q4 2025+3.8%+8.8%+2.4%
Q3 2025+4.6%+6.0%+2.0%
Q1 2025+1.0%+6.5%+2.8%
Q4 2024-7.5%-5.8%-9.1%
Q3 2024-3.9%-6.5%-17.3%
Q2 2024-3.6%-2.8%-2.6%
Q1 2024+9.3%+8.9%+8.8%
Q4 2023+3.3%+1.0%+1.8%
Q3 2023-3.8%-3.0%-9.9%
Q2 2023+1.8%+1.8%-2.2%
Q1 2023+4.6%+8.9%+5.0%
Q4 2022+5.4%+8.7%-15.6%
Q3 2022+2.2%-3.0%-12.4%
Q2 2022+6.1%+12.1%+25.4%
Q1 2022+1.3%-7.4%+12.2%
Q4 2021+0.3%+3.2%+4.5%
Q3 2021-5.3%-1.0%-14.5%
Q2 2021+0.7%-0.3%+7.5%
Q1 2021+10.3%+5.7%+7.2%
Q4 2020+6.4%+7.1%-4.9%
Q3 2020+5.4%+7.7%+23.4%
Q2 2020+0.5%+7.2%-8.6%
Q1 2020+5.0%+4.0%+3.9%
Q4 2019-5.9%-7.0%+4.8%
Q3 2019+1.1%+6.2%+15.1%
Q2 2019+1.7%+3.8%+15.0%
Q1 2019+7.1%+7.6%-2.1%
Q4 2018+7.5%+7.1%+10.6%
Q3 2018-15.5%-21.8%-17.5%
Q2 2018-4.2%-5.4%-13.1%
Q1 2018-2.6%-1.2%+1.6%
Q4 2017+10.1%+12.7%+9.3%
Q3 2017-9.1%-16.2%-19.9%
Q2 2017-3.1%-6.1%-18.3%
Q1 2017+5.7%+0.5%-0.2%
Q4 2016-5.9%-6.1%-5.3%
Q3 2016+3.6%+24.0%+27.8%
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015

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