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International Seaways, Inc. INSW International Crude Tankers — Payments For Drydocking

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Other financials

Income statement

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Revenue$325.5M+77.5%
Operating income$288.6M+388%
Net income$286.1M+477%
EPS (diluted)$5.75+475%

Balance sheet

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Cash & equivalents$141.8M+6.8%
Total debt$610.1M-0.6%
Total equity$2.2B+17.4%
Total assets$2.9B+12.9%

Cash flow

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Operating cash flow$141.1M+102%
CapEx$319.0K-15.2%
Free cash flow$140.7M+102%

Valuation

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Market cap$4.61B+114%
Enterprise value$5.08B+97.8%
P/E8.5×-0.6×
P/S4.7×+2.0×

Profitability

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Operating margin58.3%+16.5pp
Net margin55.4%+18.0pp
FCF margin45.6%-7.8pp

Returns & leverage

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Return on equity26.9%+9.3pp
Debt / equity0.3×-0.1×
Current ratio7.3×+4.6×

Where this comes from

Reported directly by International Seaways, Inc. in its filing.

Tagged under the XBRL concept insw:PaymentsForDrydocking.

The source filing: International Seaways, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 8:16 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-056721
(Dollars in thousands) / Three months ended March 31, 2026:Crude / TankersProduct / CarriersTotals
Adjusted income from vessel operations129,41078,533207,943
Adjusted total assets at March 31, 20261,352,6511,118,1842,470,835
Expenditures for vessels and vessel improvements17770,47870,655
Payments for drydocking6,8287,02213,850
Three months ended March 31, 2025:
Shipping revenues$88,004$95,390$183,394
Time charter equivalent revenues84,62993,713178,342
Vessel expenses28,41838,61067,028

Cover / Front Matter

FAQ

What is International Seaways, Inc.'s international crude tankers — payments for drydocking?
International Seaways, Inc. (INSW) reported international crude tankers — payments for drydocking of $6.83M in Q1 2026.
How has International Seaways, Inc.'s international crude tankers — payments for drydocking changed year-over-year?
International Seaways, Inc.'s international crude tankers — payments for drydocking increased by 333.8% year-over-year, from $1.57M to $6.83M.
What is the long-term trend for International Seaways, Inc.'s international crude tankers — payments for drydocking?
Over 4 years (2021 to 2025), International Seaways, Inc.'s international crude tankers — payments for drydocking has grown at a -0.7% compound annual growth rate (CAGR), from $23.39M to $22.78M.
What does international crude tankers — payments for drydocking mean?
This metric represents the cash expenditures required for mandatory periodic drydocking and special surveys of vessels to maintain regulatory compliance and operational safety. These costs are essential for the continued seaworthiness of the fleet and are a recurring operational necessity. High or fluctuating drydocking costs can impact short-term cash flow and segment profitability.

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