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International Seaways, Inc.
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$5.0B
Market Cap
7.8
P/E
PEG
12.6%
ROCE
16.0%
ROE
0.29
D/E
36.1%
OPM
0.0%
% from 52W High
95
α RS
🔍 INSW is showing a high-conviction setup because it matches 7 of 39 tracked screener presets, Sector RRG has Energy in the Leading quadrant with the trail still strengthening, and RS Rating is 95 (top decile vs market). Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 7/39 · Energy in Leading quadrant · RS Rating 95
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🌏 Global Investor Returns
Currency-adjusted total returns for INSW including FX impact
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📈 Price History
Ratio Health
Excellent
Good
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By Category
📊 Sector Averages
About

International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. The company operates in two segments: Crude Tankers and Product Carriers. It operates fleet of 70 vessels of VLCCs, Suezmaxes, and Aframaxes, as well as MRs, LR1, and LR2 product carrier. The company provides ship-to-ship (STS) lightering support services, such as hoses and fenders; and full-service STS lightering that includes lightering vessels. It also offers MR product carriers, including IMO III compliant for carrying edible oils, such as palm and vegetable oil, increasing flexibility when switching between cargo grades. The company serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding INSW
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 79.0K $5.8M 0.01% Mar 2026
Steve Cohen Point72 Asset Management 10.2K $745K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED International Seaways Q1 2026: Record $286M net income, $4.55 dividend, 45% Q2 spot booked at $100k+/day
Revenue & Profitability
Net income for Q1 2026 was $286 million, or $5.75 per diluted share. Adjusted net income was $194 million ($3.90 per diluted share), and Adjusted EBITDA was $244 million. The company declared a record combined dividend of $4.55 per share. Free cash flow for the quarter was approximately $133 million. Total liquidity stood at $918 million ($377 million cash and $541 million undrawn revolver capacity).
Outlook
Management sees solid demand fundamentals for tankers, supported by disruptions like the Strait of Hormuz conflict, which has boosted rates significantly. They noted that while the disruption is impacting volumes, alternative flows and inventory draws are partially offsetting. On the supply side, the order book is at ~16% of the fleet, but removal candidates (18+ years) are three times larger, supporting a continued upcycle.
Growth Drivers
Key growth drivers include the ongoing delivery of four LR1 newbuildings (two in H1 2026, two in Q3 2026) and the expansion of Tankers International into Suezmaxes, with a new pool participant added. The company is also benefiting from increased lightering activity as the market adapts to disruptions. High spot rates, especially in the Americas, are driving strong cash generation.
Balance Sheet & CapEx
In Q1 2026, the company spent $28 million on LR1 newbuilding installments and $5 million to acquire the remaining ownership stake in Tankers International. Dry dock and capital expenditures were $15 million. Forward guidance in the appendix includes quarterly expected off-hire and CapEx details. The LR1 program is well-financed with ECA debt; only $6 million is needed in Q2 2026.
Margins
Not discussed in this earnings call explicitly as margin percentage. However, the forward-looking spot cash breakeven rate is $14,900 per day for the next 12 months. With 45% of Q2 2026 spot days booked at a blended average of over $100,000 per day, significant margins are implied. G&A expenses were reduced by $5 million in Q1 due to a commercial settlement.
Key Risks
Management flagged risks from the ongoing conflict in the Strait of Hormuz, which disrupts 15 million barrels per day of crude (40% of seaborne volume). Extended closure could have broader implications for global energy markets. Other risks include the dark fleet (sanctioned aging vessels) and market volatility. A post‑conflict rebalancing could lead to port congestion and inventory builds.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-10
Record Q2 results included $295M adjusted net income, $345M EBITDA, and $261M free cash flow, with a record $5.05/share dividend. Strong tanker demand, disciplined capital allocation, and nearly $1B liquidity support ongoing growth and shareholder returns.
Q1 2026 Q1 2026 2026-05-07
Record Q1 2026 net income and dividend were driven by strong tanker rates, fleet optimization, and robust liquidity. Market volatility from geopolitical events supports a positive outlook, with continued focus on shareholder returns and disciplined capital allocation.
Q4 2025 Q4 2025 2026-02-26
Q4 2025 saw strong earnings, record dividends, and robust liquidity, driven by high TCE rates and disciplined capital allocation. Fleet renewal, industry consolidation, and favorable market fundamentals support a positive outlook for continued shareholder returns.
Q3 2025 Q3 2025 2025-11-06
Q3 2025 saw strong earnings, robust free cash flow, and continued high shareholder returns, with significant fleet renewal and a successful $250 million bond issue. Market fundamentals remain favorable, with solid oil demand and tight tanker supply supporting a positive outlook.
Q2 2025 Q2 2025 2025-08-06
Q2 2025 saw strong earnings with $62M net income and $102M adjusted EBITDA, supported by robust liquidity and a continued focus on fleet renewal and shareholder returns. Market fundamentals remain favorable, with a constructive outlook for tanker demand and ongoing capital allocation to support growth.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Information Sources:
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