INSW · NYSE · Marine Shipping

International Seaways (INSW)

Transports crude oil and refined products through a pooled international tanker fleet.

$105.31
vs last close−3.79 (−3.47%)
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International Seaways, Inc.INSW
Industrials

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

CEOLois K. Zabrocky
ListedNov 16, 2016
ExchangeNYSE
HeadquartersNew York City, NY
CountryUnited States
Employees2,763
CIK0001679049
ISINMHY410531021

Market cap$5.40B
EPS (ttm)$15.64
P/E (ttm)6.98
ROE37.0%
P/B2.38
P/S4.29
Dividend yieldDiv yield4.63%
Beta0.30vs XLI −0.07

Price target$107.00−1.9%Average of 13 analysts
ConsensusBuy10 of 13 analysts
Ratings

Target rangeAs of Sep 21, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Sep 18, 2026BTIGReiterate
Rating: Target: $100
Rating: BuyTarget: $130
Sep 1, 2026Deutsche BankReiterate
Rating: Target: $80
Rating: BuyTarget: $107
Jun 24, 2026BTIGReiterate
Rating: Target: $80
Rating: BuyTarget: $100
May 8, 2026JefferiesTarget
Target: $90
Target: $100
Apr 24, 2026JefferiesTarget
Target:
Target: $90

Next report
Nov 5, 26
in 44 days
EPS estimate
$3.09
Revenue estimate
$298.1M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.90$0.80$1.02$1.15$2.45$3.90$5.91Pending
Estimate$1.71$0.59$0.91$0.91$1.75$2.48$5.55$3.09
Surprise−47.4%+35.6%+12.1%+26.4%+40.0%+57.3%+6.5%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$194.6M$183.4M$195.6M$196.4M$260.0M$317.2M$434.2MPending
Estimate$194.0M$197.5M$171.6M$245.3M$242.1M$279.3M$407.7M$298.1M
Surprise+0.3%−7.1%+14.0%−19.9%+7.4%+13.6%+6.5%
Estimate$3.09
ReportedDue Nov 5, 2026
Estimate$298.1M
ReportedDue Nov 5, 2026
View details

Debt to equity28.80%
Current ratio594.40%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$225.2M$194.6M$183.4M$195.6M$196.4M$267.9M$325.5M$469.7M
Net income$91.7M$35.8M$49.6M$61.6M$70.5M$127.5M$286.1M$294.9M
Net margin40.7%18.4%27.0%31.5%35.9%47.6%87.9%62.8%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$101.0M$45.0M$59.2M$58.3M$107.7M$132.3M$198.5M$301.3M
YoY growth−11.6%−69.4%−61.7%−62.4%+6.7%+193.8%+235.4%+417.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $409.4M · Total debt $652.8M · Total assets $3.02B · Shareholders' equity $2.27B

Revenue
$469.7M
Operating income
$301.3M
Net income
$294.9M
View details

Dividend yield
4.63%
Next ex-date
Sep 10, 27
estimated · in 353 days
Annual dividend
$5.05
per share
Schedule
Annual
one payment a year

HistoryDividendAnnual yield

Dec '21Mar '22Jun '22Sep '22Sep '26
Dividend$0.06$0.06$0.12$0.12$5.05
Annual yield1.48%1.40%1.36%1.11%4.94%
Ex-dateDec 8Mar 11Jun 16Sep 13Sep 10
Payment dateDec 23Mar 28Jun 29Sep 28Sep 24
View details

Institutions≈ 82.00%40.62M shares
376 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail
Insiders1.44%714.1K shares
15 holders · as of Sep 16, 2026
Strategic holders31.85%15.78M shares
1 holder · as of Mar 12, 2026
Adds to115.29%

49.53M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.

These groups come from separate filings that can overlap, so they add to 115.29%; nothing is left for Other.

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
Famatown Finance LtdStrategic10 percent owner
31.85%15.78Mfiled Mar 12, 2026
BlackRock, Inc.Institution
13.32%6.60Mas of Jun 30, 2026
FMR LLCInstitution
9.98%4.95Mas of Jun 30, 2026
Dimensional Fund Advisors LPInstitution
6.20%3.07Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.61%2.28Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Sep 15, 2026Lois K. Zabrockydirector, officer: President & CEO−2,000$108.01
Aug 17, 2026Lois K. Zabrockydirector, officer: President & CEO−2,000$98.44
Jul 15, 2026Lois K. Zabrockydirector, officer: President & CEO−2,000$87.59
Jul 15, 2026Jeffrey Priborofficer: SVP & CFO−1,000$87.49
Jun 15, 2026Lois K. Zabrockydirector, officer: President & CEO−2,000$81.34
View details

  • 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.

Compare

CompanyPriceChange
International Seaways$105.31−3.47%$5.40B7.08.74.3+121.9%
Frontline$48.23−3.17%$11.09B7.56.24.1+166.2%
Scorpio Tankers$83.70−2.91%$4.32B5.411.43.6+70.2%
Hafnia$9.42−3.04%$4.85B7.67.91.8−32.7%
Teekay Tankers$96.08−2.72%$3.42B5.86.33.0+10.9%
DHT$21.69−3.39%$3.62B7.66.55.0+174.7%
TORM$35.21−5.16%$3.80B6.24.82.2+62.4%
Tsakos Energy Navigation$49.49−2.81%$1.53B5.26.01.6+27.4%
Ardmore Shipping$18.26−1.83%$758.9M7.28.82.1+61.3%
Median6.76.42.6+61.9%