International Seaways posts record Q3 2026 net income and declares $5.05 dividend
International Seaways reported third‑quarter 2026 net income of $344 million, a sharp rise from $71 million a year earlier. Adjusted net income was $291 million and adjusted EBITDA $345 million. The company sold a 2012‑built Suezmax for $74 million, recognizing a $53 million gain, and declared a quarterly dividend of $5.05 per share. Total liquidity stood at $964 million, comprising $454 million in cash and $510 million of undrawn revolving credit.
Why it matters
The company said the record earnings and strong cash generation support its ability to maintain an 85% payout ratio and fund further fleet expansion, which may enhance shareholder returns and future growth opportunities ().
Key facts
- 1Record net income of $344 million, or $6.90 per diluted share (). sec.gov
- 2Adjusted net income of $291 million, or $5.84 per diluted share (). sec.gov
- 3Adjusted EBITDA of $345 million (). sec.gov
- 4Dividend declared of $5.05 per share (). sec.gov
- 5Total liquidity of $964 million, including cash and short‑term investments of $454 million and undrawn revolving credit capacity of $510 million (). sec.gov
- 6Proceeds from sale of a 2012‑built Suezmax of $74 million, with a gain of $53 million (). sec.gov
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.