International Seaways Q2 Earnings Call Highlights

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MarketBeat

Mon, August 10, 2026 astatine 11:04 AM CDT 6 min read

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International Seaways reported grounds Q2 2026 results, including $295 cardinal successful adjusted nett income, $345 cardinal successful adjusted EBITDA, $261 cardinal successful escaped currency travel and a grounds $5.05-per-share dividend, driven by beardown tanker rates and crude-shipping demand.
The institution ended the 4th with astir $935 cardinal successful liquidity, $250 cardinal successful nett indebtedness and a 6% nett loan-to-value ratio. Third-quarter bookings covered 48% of expected gross days astatine a blended spot TCE complaint of astir $61,000 per day.
Management ordered 4 further LR1 newbuild tankers for transportation successful 2028 and expects fleet renewal to payment from an aging planetary tanker fleet. It besides cited Strait of Hormuz and Bab el-Mandeb disruptions arsenic drivers of higher ton-mile request portion maintaining its absorption connected accepted lipid tanker shipping.

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International Seaways (NYSE:INSW) reported grounds second-quarter results arsenic elevated tanker rates, beardown crude shipping request and disruptions successful cardinal maritime chokepoints supported net and currency generation.

President and CEO Lois Zabrocky said the institution generated adjusted nett income of $295 million, oregon $5.91 per share, during the 2nd 4th of 2026. Adjusted EBITDA reached a grounds $345 million, portion escaped currency travel totaled a grounds $261 million. The institution besides declared its largest quarterly dividend to date, $5.05 per share.

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"Our quality to construe these conditions into grounds shareholder returns is the effect of years of disciplined superior allocation, fleet renewal, and equilibrium expanse management," Zabrocky said.

Strong rates thrust net and currency travel

CFO Jeff Pribor said International Seaways' revenue-day-weighted blended spot time-charter-equivalent, oregon TCE, complaint was $79,000 per time successful the 2nd quarter, up from $27,500 per time a twelvemonth earlier and $55,600 per time successful the archetypal quarter.

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Crude tanker gross totaled $253 million, including $51 cardinal successful profit-sharing from time-charter agreements. Pribor said those arrangements lifted blended VLCC net crossed the company's spot and time-charter vessels to much than $150,000 per day.

The company's lightering cognition contributed astir $5 cardinal of EBITDA, supported by $13 cardinal of revenue, according to Pribor.

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