International Seaways stock posts record Q3 profit as rates surge
Published on 11/12/2026 at 02:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSRecord quarter supports fleet expansion
- International Seaways reported record third-quarter net income and strong adjusted earnings on November 5, 2026.
- The tanker operator declared a 5.05 US dollar dividend and expanded its share repurchase program through 2028.
- Fleet expansion, contracted revenue and high liquidity remain central to the companys capital allocation.
International Seaways reported record third-quarter results on Thursday, November 5, 2026, as stronger tanker markets lifted revenue and earnings. The company said in a release carried by Financial Times that net income reached 344 million US dollars, including a 53 million US dollar gain on asset sales.
Adjusted net income came to 291 million US dollars, or 5.84 US dollars per diluted share, while adjusted EBITDA was 345 million US dollars. Shipping revenue rose to 483 million US dollars from 196 million US dollars a year earlier, and time charter equivalent revenue increased to 443 million US dollars from 192 million US dollars.
Fleet strategy remains in focus
International Seaways said higher spot earnings and profit-sharing income drove the year-on-year improvement. Crude tanker shipping revenue reached 359 million US dollars, while product carrier revenue was 124 million US dollars. The company also highlighted fleet renewal, including the acquisition of Bruton and four newbuilding VLCCs.
The Bruton transaction was expected to settle around November 11, 2026. International Seaways also has four dual-fuel, LNG-ready LR1 vessels scheduled for delivery in the second half of 2028. Future contracted revenue stood at 305 million US dollars as of October 1, excluding applicable profit sharing.
Shareholder returns stay elevated
International Seaways stock traded at 91.53 euros on Lang & Schwarz at 23:00:01 CET on Wednesday, November 11, 2026. The company declared another quarterly dividend of 5.05 US dollars per share on November 3, payable on December 23 to shareholders of record on December 9. The board also increased its share repurchase authorization to 100 million US dollars and extended it through the end of 2028.
Business spans crude and products
International Seaways provides seaborne transportation for crude oil and refined petroleum products. The New York-based company owns and operates vessels across major tanker classes and uses commercial pools to broaden market access.
Its operating profile spans crude tankers and product carriers, putting it in the same competitive field as Frontline, Scorpio Tankers and DHT Holdings. International Seaways combines exposure to both crude and refined-product trades, while Scorpio is more focused on product tankers and DHT is concentrated on very large crude carriers.
International Seaways at a glance
- Company: International Seaways, Inc.
- ISIN: MHY410531021
- Ticker: INSW
- Home exchange: New York Stock Exchange
- Lang & Schwarz quote: 91.53 euros on November 11, 2026 at 23:00:01 CET
- Third-quarter net income: 344 million US dollars
- Adjusted net income: 291 million US dollars
- Quarterly dividend: 5.05 US dollars per share, payable December 23, 2026
Energy shipping shares remain sensitive to freight rates, fleet availability and charter coverage. Current market reports provide the broader US equity context.
