Jun 2026 (Q2 FY26) — Aug 10, 2026
International Seaways Q2 FY26 — Record Performance and Shareholder Returns
Read the full callInternational Seaways (INSW) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
International Seaways earnings: last reported Mon, 10 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 467 | +138.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 64.5 | +29.0 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 295 | +378.4% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$113.11 −4.74% · −$5.63
Performance +161.3% 1Y
1Y: $43.29 on 14 Oct 2025 → $113.11. High $125.04 (13 Oct 2026), low $43.29 (14 Oct 2025).
- Previous close
- $118.74
- 52-week range
- $43.29 – $125.04
- One year
- +157.19%
Overview
- Symbol
- INSW
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Call summaries
Dec 2025 (Q4 FY25) — Feb 26, 2026
International Seaways Q4 FY25 — Record Dividend and Strong Market Outlook
Read the full callEvery analysed call
International Seaways earnings calls (INSW)
Financials
What the filings say
Net profit, year on year: +378% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 225 | 195 | 183 | 196 | 196 | 268 | 325 | 467 |
| Expenses | 124 | 150 | 124 | 126 | 118 | 130 | 39 | 168 |
| Operating profit | 101 | 45 | 59 | 69 | 79 | 138 | 289 | 301 |
| Operating margin | 44.8% | 23.1% | 32.3% | 35.5% | 40.1% | 51.6% | 88.7% | 64.5% |
| Interest | 12 | 12 | 11 | 10 | 10 | 12 | 9 | 11 |
| Profit before tax | 92 | 35 | — | 62 | 71 | 127 | — | 295 |
| Tax rate | 0.0% | −3.1% | — | 0.0% | — | −0.3% | — | 0.0% |
| Net profit | 92 | 36 | 50 | 62 | 71 | 128 | 286 | 295 |
| EPS ($ per share) | 1.85 | — | 1 | 1.25 | 1.43 | — | 5.78 | 5.96 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1,309 | 1,313 | 1,281 | 1,591 | 1,502 | 1,491 | 1,505 | 1,507 |
| Reserves | -269 | -270 | -276 | -409 | -21 | 227 | 359 | 524 |
| Total liabilities | 839 | 731 | 614 | 1,176 | 1,128 | 805 | 780 | 648 |
| Fixed assets | 1,331 | 1,293 | 1,108 | 1,803 | 1,680 | 1,914 | 2,050 | 2,078 |
| Investments | — | — | — | — | 80 | 60 | — | 50 |
| Total assets | 1,849 | 1,754 | 1,587 | 2,347 | 2,615 | 2,522 | 2,636 | 2,669 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -12 | 87 | 216 | -76 | 288 | 688 | 547 | 380 |
| Cash from investing | 124 | 108 | 32 | 133 | 43 | -124 | -155 | -141 |
| Cash from financing | -64 | -163 | -183 | -174 | -186 | -681 | -361 | -279 |
| Net cash flow | 47 | 33 | 65 | -117 | 145 | -117 | 31 | -41 |
| Capital expenditure | -149 | -1 | -1 | -1 | -1 | -1 | -1 | -1 |
| Free cash flow | -161 | 87 | 216 | -77 | 287 | 687 | 546 | 379 |
INSW revenue by segment
International Crude Tankers grew from 46% to 61% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| International Crude Tankers | 46% | 49% | 48% | 53% | 49% | 57% | 59% | 61% | +174.6% |
| International Product Carriers | 54% | 51% | 52% | 47% | 51% | 44% | 41% | 39% | +98.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
INSW operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Capital expenditures Dry dock and capital expenditures | $23MFollowing along the chart from left to right on the cash bridge, we had $175 million in adjusted EBITDA for the fourth quarter, plus $19 million in debt service and another $23 million of dry dock and capital expenditures.Source: earnings call transcript | $20MFollowing the bridge from left to right, we generated $345 million in adjusted EBITDA, filed $50 million in debt service, hit another $20 million in dry dock and capital expenditures and used about $49 million of working capital.Source: earnings call transcript | -13% |
| Capital expenditures LR1 newbuilding installments net of financing | ~$6MWe also paid about $6 million in LR1 newbuilding installments net of financing.Source: earnings call transcript | ~$10MWe used about $10 million in cash for installment payments net of financing for the original 6 LR1 newbuilds.Source: earnings call transcript | — |
| Unencumbered vessels | 31We have 31 unencumbered vessels, and we have ample undrawn RCF Capacity.Source: earnings call transcript | 25Net debt around 6% of our fleet's current value and 25 vessels that are unencumbered.Source: earnings call transcript | -19.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Insider filings
120 filings between Oct 24, 2025 and Sep 15, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$45.09M
35 sales by 9 insiders
57% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 11
- Option exercise — converted options into shares
- 37
- Tax withheld — shares kept back by the company to cover tax
Also filed: 34 other filings, 3 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Famatown Finance Ltd | — | $34.46M | Mar 10, 2026 |
| Zabrocky Lois K | — | $3.85M | Sep 15, 2026 |
| Small James D III | — | $2.58M | Mar 4, 2026 |
| Nugent William F. | — | $1.31M | May 14, 2026 |
| Solon Derek G. | — | $1.06M | May 12, 2026 |
| Blankenship Alexandra Kate | — | $677.2K | Mar 9, 2026 |
| Pribor Jeffrey | — | $614.7K | Jul 15, 2026 |
| Day Randee E | — | $505.1K | Mar 9, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 15, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $216.0K |
| Aug 17, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $196.9K |
| Jul 15, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $175.2K |
| Jul 15, 2026 | Pribor Jeffrey SVP & CFO | Sale 10b5-1 plan | 1,000 | $87.5K |
| Jul 2, 2026 | Grillo Debra Treasurer | Other | 904 | — |
| Jul 2, 2026 | Grillo Debra Treasurer | Tax withheld | 326 | — |
| Jun 15, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $162.7K |
| Jun 15, 2026 | Pribor Jeffrey SVP & CFO | Sale 10b5-1 plan | 1,000 | $81.7K |
| Jun 8, 2026 | STEVENSON CRAIG H JR Director | Other | 1,842 | $0 |
| Jun 8, 2026 | Anderson Darron M. Director | Other | 1,842 | $0 |
| Jun 8, 2026 | BLACKLEY IAN T Director | Other | 2,886 | $0 |
| Jun 8, 2026 | BERNLOHR TIMOTHY J Director | Other | 1,842 | $0 |
| Jun 8, 2026 | Blankenship Alexandra Kate Director | Other | 1,842 | $0 |
| Jun 8, 2026 | GREENBERG DAVID I Director | Other | 1,842 | $0 |
| Jun 8, 2026 | Johansen Kristian Director | Other | 1,842 | $0 |
| Jun 8, 2026 | Day Randee E Director | Other | 1,842 | $0 |
| May 15, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $168.5K |
| May 15, 2026 | Pribor Jeffrey SVP & CFO | Sale 10b5-1 plan | 1,000 | $83.7K |
| May 14, 2026 | Nugent William F. Senior Vice President | Sale | 6,830 | $582.1K |
| May 12, 2026 | Solon Derek G. Senior Vice President | Sale | 4,700 | $419.3K |
| May 12, 2026 | Zabrocky Lois K Director | Sale | 25,000 | $2.20M |
| Apr 15, 2026 | Pribor Jeffrey SVP & CFO | Sale 10b5-1 plan | 1,000 | $74.5K |
| Apr 15, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $149.1K |
| Mar 16, 2026 | Zabrocky Lois K President & CEO | Sale 10b5-1 plan | 2,000 | $135.6K |
| Mar 16, 2026 | Pribor Jeffrey SVP & CFO | Tax withheld | 8,708 | $597.6K |
| Mar 16, 2026 | Pribor Jeffrey SVP & CFO | Option exercise | 13,171 | $288.8K |
| Mar 16, 2026 | Pribor Jeffrey SVP & CFO | Sale 10b5-1 plan | 1,000 | $66.5K |
| Mar 13, 2026 | Small James D III CAO,SVP,Sec. & General Counsel | Other | 2,201 | — |
| Mar 13, 2026 | Pribor Jeffrey SVP & CFO | Tax withheld | 1,685 | — |
| Mar 13, 2026 | Pribor Jeffrey SVP & CFO | Other | 3,387 | — |
| Mar 13, 2026 | Zabrocky Lois K President & CEO | Tax withheld | 3,068 | — |
| Mar 13, 2026 | Zabrocky Lois K President & CEO | Other | 6,346 | — |
| Mar 13, 2026 | Nugent William F. Senior Vice President | Tax withheld | 808 | — |
| Mar 13, 2026 | Oshodi Adewale Vice President & Controller | Other | 641 | — |
| Mar 13, 2026 | Solon Derek G. Senior Vice President | Other | 1,725 | — |
| Mar 13, 2026 | Nugent William F. Senior Vice President | Other | 1,725 | — |
| Mar 13, 2026 | Solon Derek G. Senior Vice President | Tax withheld | 807 | — |
| Mar 13, 2026 | Oshodi Adewale Vice President & Controller | Tax withheld | 261 | — |
| Mar 13, 2026 | Small James D III CAO,SVP,Sec. & General Counsel | Tax withheld | 1,163 | — |
| Mar 12, 2026 | Oshodi Adewale Vice President & Controller | Tax withheld | 550 | — |
| Mar 12, 2026 | Oshodi Adewale Vice President & Controller | Other | 1,134 | — |
| Mar 12, 2026 | Nugent William F. Senior Vice President | Tax withheld | 1,494 | — |
| Mar 12, 2026 | Nugent William F. Senior Vice President | Other | 3,066 | — |
| Mar 12, 2026 | Solon Derek G. Senior Vice President | Tax withheld | 1,495 | — |
| Mar 12, 2026 | Solon Derek G. Senior Vice President | Other | 3,066 | — |
| Mar 12, 2026 | Small James D III CAO,SVP,Sec. & General Counsel | Tax withheld | 1,862 | — |
| Mar 12, 2026 | Small James D III CAO,SVP,Sec. & General Counsel | Other | 3,452 | — |
| Mar 12, 2026 | Pribor Jeffrey SVP & CFO | Tax withheld | 2,570 | — |
| Mar 12, 2026 | Pribor Jeffrey SVP & CFO | Other | 5,140 | — |
| Mar 12, 2026 | Zabrocky Lois K President & CEO | Tax withheld | 7,086 | — |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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