News & Events zu International Seaways Inc (INSW)INSWInternational Seaways Inc

Seaways Q2 Revenue $467.3M Beats Expectations

Reports Q2 revenue $467.3M, consensus $399.43M. commented, "We delivered the highest quarterly net income in our nearly ten-year history, complemented by a record dividend for the second consecutive quarter. Today's market conditions highlight the benefits of the platform we've built over the past several years. We've positioned Seaways to maximize cash generation across market cycles by strengthening our balance sheet, lowering our cash break-even levels, maintaining a balanced fleet across crude and product tankers, and expanding our commercial platform. Those decisions have also enhanced our financial flexibility to pursue opportunistic growth while creating long-term value for our shareholders." CFO Jeff Pribor stated, "The record free cash flow generated in Q2 exceeded our previous high by nearly $100M. We followed last quarter's record dividend with the highest declaration in our history by continuing our practice of returning at least 85% of adjusted net income to shareholders. Supported by nearly $1B of liquidity and one of the strongest balance sheets in the industry, we maintain the financial flexibility to invest opportunistically without compromising our disciplined approach to capital allocation."

International Seaways Q1 Revenue Hits $325.5M, Dividend Doubled to $4.55

Reports Q1 revenue $325.5M, consensus $274.26M. Lois K. Zabrocky, International Seaways President and CEO commented, "We delivered an excellent first quarter, our strongest since the fourth quarter of 2022, with meaningful contributions from both our crude and product tankers. Following the highest dividend in our history last quarter, we more than doubled our dividend this quarter to $4.55 per share by increasing our payout ratio to 85% of adjusted earnings and including an additional discretionary component that reflects the strength of today's market and the performance we've built over time. With a robust balance sheet, nearly $1 billion of liquidity, and a notably strong start to the second quarter, we remain well positioned to continue delivering attractive returns and creating long-term value for our shareholders."

Stock Futures Drop Sharply as Geopolitical Risks Escalate

Stock futures are down meaningfully this morning, priced for risk-off positioning as geopolitical risk escalates sharply. Investors are digesting heightened tensions in the Middle East following coordinated U.S.-Israeli strikes against Iran and subsequent regional retaliation. This has generated widespread volatility and elevated uncertainty across asset classes.Oil prices are surging across global benchmarks on fears of supply disruptions, particularly around the Strait of Hormuz, a critical energy shipping corridor, while safe-haven assets like gold are attracting flows as traders de-risk in response to rising conflict risk.Equity market pressures are broad. European and U.K. stock markets are trading sharply lower, with financials, travel, and cyclicals bearing the brunt of risk aversion, even as defense and energy sectors show relative strength.In pre-market trading, S&P 500 futures fell 1.05%, Nasdaq futures fell 1.32% and Dow futures fell 1.05%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -RadNetup 5%DOWN AFTER EARNINGS -Norwegian Cruise Line (down 7%EchoStar (SATS) down 1%LOWER -uniQuredown 43% after the FDA stated that it cannot agree that data from the Phase I/II studies, compared to an external control, are sufficient to provide the primary evidence of effectiveness required to support a marketing application for AMT-130.UP AFTER STRIKES ON IRAN -AeroVironmentup 10%DHT Holdingsup 9%International Seawaysup 7%ConocoPhillipsup 5%Frontlineup 5%Lockheed Martinup 5%Northrop Grummanup 4%Exxon Mobilup 4%Chevronup 3%DOWN AFTER STRIKES ON IRAN -Delta Air Linesdown 6%American Airlinesdown 6%United Airlinesdown 6%Expediadown 3%Booking Holdingsdown 3%