NYSEEnergyOil & Gas Storage & TransportationS&P SmallCap 600
$98.02
+3.55 (+3.76%)
Close of Nov 06, 2026 · end-of-day data
INSW 8-K filings in 2026
Every material Form 8-K International Seaways filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
International Seaways reported third quarter 2026 net income of $344 million, or $6.90 per diluted share, up from $71 million, or $1.42 per share, a year earlier; the filing says the result included a $53 million gain on a vessel sale. The Board also declared a $5.05 per share dividend and raised its share repurchase program to $100 million, which bears directly on shareholder returns.
Net income of $344 million ($6.90 per diluted share) vs. $71 million ($1.42) in Q3 2025, including a $53 million gain on vessel sale
Adjusted net income of $291 million, or $5.84 per diluted share; adjusted EBITDA of $345 million
Declared dividend of $5.05 per share, payable December 23, 2026, to holders of record on December 9, 2026
Share repurchase program increased to $100 million and extended from end of 2026 to end of 2028
On October 19, 2026, a subsidiary of International Seaways agreed to become a subsidiary guarantor under its $500 Million revolving credit facility and to pledge one VLCC tanker as collateral. The tanker is a substitution vessel that replaces a collateral vessel sold in the third quarter of 2026. The filing describes a change to existing loan security rather than new borrowing, and it gives no financial results or amounts.
Joinder agreement dated October 19, 2026, under the Credit Agreement dated May 20, 2022, as amended through October 7, 2025
Subsidiary agreed to be bound as subsidiary guarantor and to pledge one VLCC tanker as collateral
The tanker replaces a collateral vessel sold and announced in the third quarter of 2026
Nordea Bank Abp, New York Branch, serves as administrative agent and collateral agent
International Seaways agreed to acquire Bruton Limited, a Bermuda tanker company valued at about $370 million, through a share exchange with holders of about 50.5% of Bruton's shares and a later merger. The same release gave preliminary third-quarter 2026 results, with shipping revenues of $480-$490 million and net income of $340-$350 million, including a gain of about $50 million on a vessel sale, while blended spot earnings fell from the second quarter but rose from a year earlier. Shareholders should note that the Bruton merger is subject to a Bruton shareholder vote and that the share issuance will dilute existing holders.
Bruton is valued at about $370 million; holders of about 50.5% of its shares will exchange them for 0.05190 Seaways shares each, with that exchange expected to close on or about October 20, 2026.
Bruton holders of 10,000 or fewer shares will receive $6.3044 cash per share; the merger is expected to close after Bruton's special meeting on or about October 30, 2026, and either party may terminate if it has not closed by November 15, 2
Preliminary Q3 2026: shipping revenues of about $480-$490 million, net income of about $340-$350 million including a gain of about $50 million on a 2012-built Suezmax sale, and total liquidity of about $965 million.
Seaways expects to issue about 3.12 million shares, about 96% of the total consideration; blended spot earnings were about $68,000 per day in Q3 versus $79,000 in Q2 2026 and $29,000 in Q3 2025.
International Seaways reported second quarter 2026 net income of $295 million, or $5.91 per diluted share, up from $62 million, or $1.25 per share, a year earlier. The Board also declared a $5.05 per share quarterly dividend, which the company describes as its largest ever, payable September 24, 2026, to holders of record on September 10, 2026.
Net income of $295 million, or $5.91 per diluted share, versus $62 million, or $1.25, in Q2 2025.
Shipping revenues of $467 million versus $196 million; adjusted EBITDA of $345 million versus $102 million.
Quarterly dividend of $5.05 per share declared August 7, 2026; record date September 10 and payment date September 24, 2026.
Free cash flow of $261 million in the quarter; total liquidity of approximately $935 million as of June 30, 2026.
At its June 8, 2026 annual meeting, International Seaways stockholders elected all nine director nominees, ratified Ernst & Young LLP as auditor for 2026, and approved the 2025 executive pay in an advisory vote. Stockholders also ratified the Second Amended and Restated Rights Agreement dated April 9, 2026, though it drew 14,456,177 votes against. The board separately raised base salaries and equity targets for several executives, including CEO Lois Zabrocky, and increased director pay.
Holders of 44,769,310 shares, or 90.43% of the 49,504,696 shares outstanding and entitled to vote, were represented at the June 8, 2026 meeting.
Kristian K. Johansen received 39,511,902 votes for and 2,225,774 withheld, the lowest for-vote of the nine nominees.
Rights agreement ratification: 27,238,846 for, 14,456,177 against and 42,653 abstentions.
CEO Lois Zabrocky's base salary is now $850,000, with her 2026 annual equity target raised to 400% of salary; increases are retroactive to January 1, 2026.
International Seaways entered into an equity distribution agreement allowing it to sell up to $200 million of common stock through four sales agents over time. The company says it has not sold any shares under the agreement yet, and it replaces a prior $100 million program that was terminated without any sales.
Aggregate gross sales price of up to $200,000,000 in at-the-market offerings
Sales agents are BTIG, B. Riley Securities, Clarksons Securities and Fearnleys Securities; each receives commissions of up to 3.0% of gross sales price
No shares sold as of the filing date; the company may suspend or terminate the agreement at any time
Prior $100,000,000 program with Evercore and Jefferies, dated December 20, 2023, was terminated effective May 11, 2026
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.
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.
On April 9, 2026, International Seaways amended and restated its shareholder rights agreement, extending the final expiration date from April 10, 2026 to April 8, 2029 and raising the purchase price for each right from $50 to $95 per share. The company says the plan is designed to make it harder for any stockholder or group to gain control through open market accumulation without paying a control premium to all stockholders. The 20% Acquiring Person threshold and the qualifying offer provision are unchanged, and the company expects to seek stockholder ratification at its 2026 annual meeting.
Final expiration date extended from April 10, 2026 to April 8, 2029.
Purchase price increased from $50 to $95 per share.
The 20% beneficial ownership threshold and qualifying offer provision are unchanged; the board approved the change on April 6, 2026.
Famatown Finance Limited and affiliates own about 15.8% of common stock, versus 16.2% in their initial 2022 Schedule 13D filing.
On March 27, 2026, an indirect subsidiary of International Seaways agreed to become a subsidiary guarantor under its $500 million revolving credit facility and to pledge a VLCC tanker as collateral. The vessel replaces assets previously sold or released from the facility's collateral pool. The filing is an administrative amendment to existing debt terms and does not disclose new borrowing amounts.
Agreement dated March 27, 2026, a joinder to the $500 Million RCF dated May 22, 2022
Subsidiary Hendricks Tanker Company LLC agreed to pledge a VLCC tanker as collateral
The tanker is a Substitution Vessel replacing assets previously sold or released from the collateral pool
Nordea Bank Abp, New York Branch is administrative agent, collateral agent and security trustee
International Seaways reported fourth-quarter 2025 net income of $128 million, or $2.56 per diluted share, up from $36 million, or $0.72, a year earlier. For the full year, net income was $309 million, or $6.23 per diluted share, down from $416.7 million, or $8.38, in 2024. The board also declared a combined dividend of $2.15 per share, payable March 30, 2026, to holders of record on March 20, 2026.
Q4 2025 shipping revenues were $268 million, compared with $195 million in Q4 2024; full-year shipping revenues were $843 million, compared with $952 million in 2024.
Q4 2025 adjusted EBITDA was $175 million, compared with $95 million a year earlier; full-year adjusted EBITDA was $475 million, compared with $583 million in 2024.
The combined dividend of $2.15 per share includes a regular quarterly dividend of $0.12 and a supplemental dividend of $2.03, and is payable March 30, 2026.
Total liquidity was $724 million as of December 31, 2025, including total cash of $167 million.
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every International Seaways filing is on SEC EDGAR ↗. 8-K briefs of other companies →