Earnings ·
International Seaways reports Q3 net income of $344M and declares $5.05 per share dividend
INSWInternational Seaways, Inc.
International Seaways reported third-quarter 2026 net income of $344 million, or $6.90 per diluted share, driven by a surge in tanker rates and a $53 million gain on the sale of a Suezmax vessel. Adjusted EBITDA reached $345 million, while free cash flow totaled $234 million. The Board declared a quarterly dividend of $5.05 per share, payable December 23 to record holders on December 9. Additionally, the company increased its share repurchase program authorization to $100 million and extended the expiry to the end of 2028. International Seaways is one of the largest public tanker companies in the world, providing seaborne transportation services for crude oil and refined petroleum products.