INSW · International Seaways, Inc.
Key customers — 88% of receivables (March 31, 2026)
“The pools in which the Company participate accounted in aggregate for 88% and 95% of consolidated voyage receivables at March 31, 2026 and December 31, 2025, respectively.”
Key customers — 95% of receivables (December 31, 2025)
“The pools in which the Company participate accounted in aggregate for 88% and 95% of consolidated voyage receivables at March 31, 2026 and December 31, 2025, respectively.”
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Strong BuyIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| Adjusted EBITDA non-GAAP | $345M | second quarter 2026 | — |
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GAAP → non-GAAP reconciliationGAAP EBITDA 345.17M
+43K Loss/(gain) on disposal of vessels and other assets, net
+0K Holding gain on previously held equity interest
= Adjusted EBITDA 345.22M
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| Adjusted net income non-GAAP | $295M | second quarter 2026 | — |
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GAAP → non-GAAP reconciliationGAAP Net income 294.93M
+43K Loss/(gain) on disposal of vessels and other assets, net
+0K Holding gain on previously held equity interest
= Adjusted Net Income 294.97M
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| Average TCE Rate (Aframax Fixed) | $38,501 | Three Months Ended June 30, 2026 | — |
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| Average TCE Rate (Aframax LR2 Fixed) | $39,445 | Three Months Ended June 30, 2026 | — |
| Average TCE Rate (Aframax Spot) | $69,127 | Three Months Ended June 30, 2026 | — |
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| Average TCE Rate (Suezmax Fixed) | $37,854 | Three Months Ended June 30, 2026 | — |
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| Average TCE Rate (Suezmax Spot) | $100,543 | Three Months Ended June 30, 2026 | — |
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| Average TCE Rate (VLCC Fixed) | $214,216 | Three Months Ended June 30, 2026 | — |
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| Average TCE Rate (VLCC Spot) | $118,883 | Three Months Ended June 30, 2026 | — |
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| EBITDA non-GAAP | $345.17M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net income 294.93M
-1K Income tax benefit
+10.56M Interest expense
+39.69M Depreciation and amortization
= EBITDA 345.17M
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| Free cash flow non-GAAP | $261M | second quarter 2026 | — |
GAAP → non-GAAP reconciliationGAAP Net cash from operating activities 267.68M
-1.02M Repayments of debt
-5.36M Payments on sale and leaseback
-52.22M Expenditures for vessels
-67K Expenditures for other property
+51.65M Less: payments for acquiring vessels
= Free cash flow 260.66M
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| Net loan-to-value non-GAAP | 6% | as of June 30, 2026 | — |
| Number of Revenue Days (Aframax LR2) | 73 | Three Months Ended June 30, 2026 | — |
| Number of Revenue Days (Aframax) | 355 | Three Months Ended June 30, 2026 | — |
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| Number of Revenue Days (Suezmax) | 1,163 | Three Months Ended June 30, 2026 | — |
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| Number of Revenue Days (VLCC) | 796 | Three Months Ended June 30, 2026 | — |
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| Revenue days | 5,446 | Q2 2026 | — |
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| Time charter equivalent revenues non-GAAP | $434.19M | Three Months Ended June 30, 2026 | — |
GAAP → non-GAAP reconciliationGAAP Shipping revenues 467.29M
-33.1M Less: Voyage expenses
= Time charter equivalent revenues 434.19M
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| Total Crude Tankers Revenue Days | 2,314 | Three Months Ended June 30, 2026 | — |
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| Total liquidity | $935M | as of June 30, 2026 | — |
| Total Newbuild Fleet | 6 | As of August 1, 2026 | — |
| Total Operating and Newbuild Fleet | 70 | As of August 1, 2026 | — |
| Total Operating Fleet | 64 | As of August 1, 2026 | — |
| Total Product Carriers Revenue Days | 3,132 | Three Months Ended June 30, 2026 | — |
| Total Revenue Days | 5,446 | Three Months Ended June 30, 2026 | — |
| Combined dividend declared per share | $4.55 | Q2 2026 | — |
| Future contracted revenues under time charters | $223M | as of April 1, 2026 | — |
| Vessel sale proceeds | $216M | Q1 2026 | — |
| Vessels on time charter agreements | 14 | as of April 1, 2026 | — |
| Total cash non-GAAP | $167M | as of December 31, 2025 | — |
| Unencumbered vessels | 31 | as of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Oil & Gas Midstream — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
INSW
this stock
International Seaways, Inc.
|
$4.94B | +105.4% | -11.4% | 6.4 | 4.3% |
|
ENB
Enbridge Inc
|
$109.64B | +5.1% | — | — | 1.4% |
|
WMB
Williams Companies, Inc.
|
$91.90B | +21.8% | +13.8% | 29.9 | 2.2% |
|
EPD
Enterprise Products Partners L.P.
|
$82.68B | +18.9% | -6.4% | — | 0.8% |
|
ET
Energy Transfer LP
|
$73.22B | +28.4% | +3.5% | — | 0.8% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| INSW | +7.9% | +12.2% | +37.5% | +3.7% | +105.4% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | +8.4% | +9.3% | +25.9% | +0.7% | +92.6% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.