International Seaways
Transports crude oil and refined products through a pooled international tanker fleet.
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Profile
Transports crude oil and refined petroleum products worldwide with VLCC, Suezmax, Aframax, LR, and MR tankers. Revenue comes mainly from spot-market voyages arranged through commercial pools, leaving earnings tied to tanker rates, oil-trade demand, and vessel supply.
Transports crude oil and refined petroleum products across international markets through its Crude Tankers and Product Carriers segments. The crude fleet spans VLCC, Suezmax, and Aframax vessels; the product fleet includes LR2, LR1, and MR carriers serving long-haul and regional trades.
Employs most vessels in commercial pools that broaden scheduling, cargo access, and vessel utilization, while others operate under time or direct voyage charters. Fleet renewal is replacing older tankers with new LR1 vessels, while full ownership of Tankers International extends its commercial-management platform from VLCCs into Suezmaxes.
Revenue remains highly exposed to spot charter rates, which move with oil-trade demand, route disruption, and global tanker supply. Operations depend on maintaining vessel acceptance and compliance with maritime safety and emissions rules.
Company facts
Categories
Key statistics
Year to date +110% · Average volume (30d) 509.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Jun 24, 2026 | BTIG | Reiterate | Buy | $80 | $100 | |
| May 8, 2026 | Jefferies | Target | $90 | $100 | ||
| Apr 24, 2026 | Jefferies | Target | $90 | |||
| Mar 9, 2026 | Deutsche Bank | Reiterate | Buy | $80 | ||
| Feb 26, 2026 | BTIG | Reiterate | Buy | $70 | $80 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 10, 2026Q2 FY26 | $5.55 | $5.91 | +6.5% | $407.7M | $434.2M | +6.5% | −2.18% |
| May 7, 2026Q1 FY26 | $2.48 | $3.90 | +57.3% | $279.3M | $317.2M | +13.6% | +1.60% |
| Feb 26, 2026Q4 FY25 | $1.75 | $2.45 | +40.0% | $242.1M | $260.0M | +7.4% | +4.16% |
| Nov 6, 2025Q3 FY25 | $0.91 | $1.15 | +26.4% | $245.3M | $196.4M | −19.9% | +1.79% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $183.4M | $195.6M | $196.4M | $267.9M | $325.5M | $469.7M | |
| Gross profit | $62.5M | $70.4M | $119.5M | $145.4M | $207.9M | $357.8M | |
| Operating income | $59.2M | $58.3M | $107.7M | $132.3M | $198.5M | $301.3M | |
| Net income | $49.6M | $61.6M | $70.5M | $127.5M | $286.1M | $294.9M | |
| Diluted EPS | $1.00 | $1.25 | $1.42 | $2.56 | $5.75 | $5.91 | |
| Gross margin | 34.1% | 36.0% | 60.9% | 54.3% | 63.9% | 76.2% | |
| Operating margin | 32.3% | 29.8% | 54.8% | 49.4% | 61.0% | 64.2% |
Fiscal years (4-quarter sums)FY21 $272.5M · FY22 $864.7M · FY23 $1.07B · FY24 $951.6M · FY25 $843.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $409.4M · Total debt $652.8M · Total assets $3.02B · Shareholders' equity $2.27B
Dividends
Raised for 2 straight years — most recently to $0.12 from $0.06 in Jun 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 12, 2026 | Jun 12 | Jun 26 | $4.55 | special dividend |
| Mar 20, 2026 | Mar 20 | Mar 30 | $2.15 | special dividend |
| Dec 9, 2025 | Dec 9 | Dec 23 | $0.86 | special dividend |
| Sep 10, 2025 | Sep 10 | Sep 24 | $0.77 | special dividend |
| Jun 12, 2025 | Jun 12 | Jun 26 | $0.60 | special dividend |
| Mar 14, 2025 | Mar 14 | Mar 28 | $0.70 | special dividend |
| Dec 13, 2024 | Dec 13 | Dec 27 | $1.20 | special dividend |
| Sep 11, 2024 | Sep 11 | Sep 25 | $1.50 | special dividend |
Ownership
Shares outstanding 49.50M · Float 41.46M · 83.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Famatown Finance Ltd · 10 percent owner | 7.81M | 15.78% | Form 4 | Mar 12, 2026 |
| Greenwich Holdings Limited | 7.25M | 14.65% | 13D | May 11, 2026 |
| BlackRock, Inc. | 6.60M | 13.32% | 13F | Aug 7, 2026 |
| FMR LLC | 4.95M | 9.99% | 13F | Aug 13, 2026 |
| Dimensional Fund Advisors LP | 3.07M | 6.20% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Lois K. Zabrocky | director, officer: President & CEO | −2,000 | $98.44 |
| Jul 15, 2026 | Lois K. Zabrocky | director, officer: President & CEO | −2,000 | $87.59 |
| Jul 15, 2026 | Jeffrey Pribor | officer: SVP & CFO | −1,000 | $87.49 |
| Jun 15, 2026 | Lois K. Zabrocky | director, officer: President & CEO | −2,000 | $81.34 |
| Jun 15, 2026 | Jeffrey Pribor | officer: SVP & CFO | −1,000 | $81.68 |
Peers
- Frontline
Largest crude tanker fleet spanning VLCC, Suezmax, and LR2/Aframax segments.
- Scorpio Tankers
Pure-play product tanker fleet across LR2, MR, and Handymax segments globally.
- Hafnia
World's largest listed product tanker operator across MR, LR1, and LR2.
- Teekay Tankers
Spot-focused crude tanker owner across Suezmax, Aframax/LR2, and VLCC classes.
- DHT
Pure-play VLCC crude tanker owner, ~24 vessels, spot and time-charter focused.
- TORM
Pure-play product tanker fleet of ~93 vessels across LR2, LR1, and MR classes.
- Tsakos Energy Navigation
Diversified tanker operator across crude, product, LNG, and shuttle segments.
- Ardmore Shipping
Pure-play MR and chemical tanker operator, 26-vessel fleet traded globally.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| Scorpio Tankers | $77.91 | −0.18% | $3.91B | 4.9 | 11.5 | 3.2 | +70.2% |
| Hafnia | $8.48 | +0.30% | $4.23B | 6.6 | 8.7 | 1.6 | −32.7% |
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| TORM | $32.46 | −0.46% | $3.34B | 5.4 | 6.0 | 1.9 | +62.4% |
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Ardmore Shipping | $17.36 | −0.03% | $708.3M | 6.7 | 8.4 | 1.9 | +61.3% |
| Median | 6.6 | 7.7 | 2.3 | +61.3% |