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International Seaways, Inc. INSW International Product Carriers — Vessel Expenses

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International Crude Tankers
$30.4M+7.0%

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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

See full
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:VesselExpenses.

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
Shipping revenues$191,454$134,022$325,476
Time charter equivalent revenues184,276132,969317,245
Vessel expenses30,39630,64361,039
Charter hire expenses4,4953,2017,696
Depreciation and amortization19,97520,59240,567
Gain on disposal of vessels and other assets, net(52,614)(35,557)(88,171)
Adjusted income from vessel operations129,41078,533207,943
Adjusted total assets at March 31, 20261,352,6511,118,1842,470,835

Cover / Front Matter

FAQ

What is International Seaways, Inc.'s international product carriers — vessel expenses?
International Seaways, Inc. (INSW) reported international product carriers — vessel expenses of $30.64M in Q1 2026.
How has International Seaways, Inc.'s international product carriers — vessel expenses changed year-over-year?
International Seaways, Inc.'s international product carriers — vessel expenses decreased by 20.6% year-over-year, from $38.61M to $30.64M.
What is the long-term trend for International Seaways, Inc.'s international product carriers — vessel expenses?
Over 3 years (2022 to 2025), International Seaways, Inc.'s international product carriers — vessel expenses has grown at a 1.2% compound annual growth rate (CAGR), from $141.83M to $146.85M.
What does international product carriers — vessel expenses mean?
These are the direct operating costs associated with maintaining and running the product carrier fleet, including crew wages, insurance, repairs, and maintenance. Monitoring these expenses is critical for evaluating the operational efficiency and cost control of the segment.

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