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AI brief of an SEC Form 8-K · International Seaways (INSW)

International Seaways Q1 net income falls to $50 million, $1.00 a share from $2.92

Negative Impact 4 of 5 earnings Written later

International Seaways reported first quarter 2025 net income of $50 million, or $1.00 per diluted share, down from $144 million, or $2.92, a year earlier, as shipping revenues fell to $183 million from $274 million. Adjusted net income was $40 million, or $0.80 per diluted share, excluding a gain on vessel sales. The board also declared a combined dividend of $0.60 per share, payable June 26, 2025.

Key points

  • Shipping revenues were $183 million versus $274 million a year earlier; TCE revenues were $178 million versus $271 million.
  • Adjusted EBITDA was $91 million versus $191 million in the first quarter of 2024.
  • Declared a $0.60 per share dividend ($0.12 regular and $0.48 supplemental), payable June 26, 2025 to holders of record on June 12, 2025.
  • Total liquidity was $673 million as of March 31, 2025, including $133 million in cash.

The filing

CompanyInternational Seaways (INSW)
Form8-K, current report
Filed with the SECMay 8, 2025, 7:30 AM ET
Accession number0001104659-25-045885

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:05 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 08, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.