INSW

Over the past six months, International Seaways reported strong financial results, including a Q4 2025 net income of $128 million and a Q1 2026 net income of $286 million, attributed to favorable market conditions and geopolitical disruptions. The company has consistently returned capital to shareholders, declaring significant dividends, including a record quarterly dividend of $4.55 per share payable in June 2026, and increasing its payout ratio to 85% of adjusted net income. Fleet optimization has included the sale of seven older vessels for approximately $216 million in Q1 2026, and the company took delivery of new LR1 vessels. In January 2026, International Seaways acquired sole ownership of Tankers International and expanded its commercial management into the Suezmax class. Analyst sentiment has been largely positive.