International Seaways Q1 net income rises to $286 million, $5.75 per diluted share
International Seaways reported first quarter 2026 net income of $286 million, or $5.75 per diluted share, up from $50 million, or $1.00 per diluted share, a year earlier. The company also declared a combined dividend of $4.55 per share, which it describes as the largest quarterly dividend in its history, payable June 26, 2026.
Key points
- Net income was $286 million ($5.75 diluted) versus $50 million ($1.00 diluted) in Q1 2025; adjusted net income was $194 million ($3.90 per diluted share).
- Total shipping revenues were $325 million versus $183 million; adjusted EBITDA was $244 million versus $91 million.
- Combined dividend of $4.55 per share ($4.43 supplemental plus $0.12 regular), payable June 26, 2026, to holders of record on June 12, 2026.
- Sold seven vessels for about $216 million net of positioning, commissions and fees, recognizing gains of $88 million in the quarter.
The filing
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 07, 2026.
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.