International Seaways Q3 net income falls to $71 million, or $1.42 per share
International Seaways reported third quarter 2025 net income of $71 million, or $1.42 per diluted share, down from $92 million, or $1.84 per share, a year earlier, and shipping revenues fell to $196 million from $225 million. The company attributed the decline mainly to lower TCE revenues from weaker spot earnings and fewer revenue days. The board also declared a combined $0.86 per share dividend, which shareholders of record on December 9, 2025 will receive on December 23, 2025.
Key points
- Net income was $71 million, or $1.42 per diluted share, versus $92 million, or $1.84 per diluted share, in Q3 2024.
- Adjusted net income, which excludes gains on vessel sales, was $57 million, or $1.15 per diluted share, versus $1.57 a year earlier.
- Shipping revenues were $196 million versus $225 million; Adjusted EBITDA was $108 million versus $130 million.
- Declared a combined dividend of $0.86 per share ($0.12 regular and $0.74 supplemental), payable December 23, 2025, to holders of record on December 9, 2025.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing 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 November 06, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.