International Seaways, Inc.
Description
International Seaways, Inc. owns and operates a fleet of oceangoing vessels for the transportation of crude oil and petroleum products in the international flag trade. It operates in two segments: Crude Tankers and Product Carriers. As of December 31, 2023, the company owned a fleet of 73 vessels. It serves independent and state-owned oil companies, oil traders, refinery operators, and international government entities. The company was formerly known as OSG International, Inc. and changed its name to International Seaways, Inc. in October 2016. International Seaways, Inc. was incorporated in 1999 and is headquartered in New York, New York.
About
CEO
Ms. Lois K. Zabrocky
Employees
2,698
Instrument type
Common Stock
Sector
Energy
Industry
Oil & Gas Midstream
MIC code
XNYS
Address
600 Third Avenue, New York, NY 10016, United States
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![Enlarged Chart]()
Oscillators
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Summary
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Moving Averages
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 5, 2025 | — | — | — | — |
| Aug 5, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 26, 2025 | 1.71 | — | — | — |
| Nov 7, 2024 | 1.65 | 1.57 | -0.08 | -4.85% |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 5 | — | 7 |
| Average estimate | — | 1.85 | — | 5.33 |
| Low estimate | — | 0.68 | — | 3.92 |
| High estimate | — | 4.43 | — | 6.97 |
| Last year EPS | — | 2.92 | — | 7.75 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-54.470%
Next qtr. (Mar 2025)
-36.600%
Current year
-27.020%
Next year (Dec 2025)
-31.260%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 1.07B | 864.67M | 272.55M | 421.65M | 366.18M |
| Cost of revenue | 444.24M | 394.15M | 310.35M | 252.47M | 282.64M |
| Gross profit | 627.54M | 470.52M | -37.81M | 169.18M | 83.55M |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 47.47M | 46.35M | 33.24M | 28.98M | 26.80M |
| Other operating expenses | — | — | — | — | — |
| Operating income | 580.07M | 424.17M | -71.04M | 140.20M | 55.51M |
| Non operating interest income | |||||
| Income | 13.96M | 3.65M | 104,000 | 558,000 | 2.52M |
| Expense | 65.76M | 57.72M | 36.80M | 36.71M | 66.27M |
| Other income expense | 32.06M | 17.88M | -25.31M | -109.58M | 7.41M |
| Pretax income | 560.32M | 387.98M | -133.04M | -5.53M | -829,000 |
| Tax provision | 3.88M | 88,000 | 1.62M | 1,000 | 1,000 |
| Net income | 556.45M | 387.89M | -134.66M | -5.53M | -830,000 |
| Basic EPS | 11.35 | 7.85 | -3.48 | -0.20 | -0.03 |
| Diluted EPS | 11.25 | 7.77 | -3.48 | -0.20 | -0.03 |
| Basic average shares | 48.98M | 49.38M | 38.41M | 28.37M | 29.23M |
| Diluted average shares | 48.98M | 49.38M | 38.41M | 28.37M | 29.23M |
| EBITDA | 723.76M | 538.87M | 38.10M | 220.11M | 146.09M |
| Net income from continuing op. | 556.45M | 387.89M | -134.66M | -5.53M | -830,000 |
| Minority interests | — | — | 1.17M | — | — |
| Preferred stock dividends | 403,000 | 490,000 | 153,000 | 13,000 | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 2.52B | 2.62B | 2.35B | 1.59B | 1.75B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 126.76M | 243.74M | 97.88M | 199.39M | 89.67M |
| Other short term investments | 60.00M | 80.00M | — | — | — |
| Accounts receivable | 9.87M | 10.21M | 6.96M | 4.93M | 9.49M |
| Other receivables | 251.60M | 292.15M | 105.79M | 42.91M | 78.29M |
| Inventory | 1.33M | 531,000 | 2.11M | 3.60M | 3.90M |
| Prepaid assets | — | — | 11.76M | 6.00M | 5.99M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | 5.08M | 6.99M | — | — | — |
| Other current assets | 10.34M | 9.00M | 11.76M | 6.00M | 5.99M |
| Non current assets | |||||
| Properties | 29.03M | 60.36M | 30.84M | 28.20M | 47.15M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | 11.67M | 123.94M | 49.29M | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -427.27M | -331.90M | -249.34M | -186.08M | -364.87M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | 1.15M | 4.66M | 1.30M | 2.13M | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | 36.41M | 180.33M | 141.92M | 153.29M |
| Other non current assets | 77.45M | 75.65M | 65.35M | 55.85M | 86.63M |
| Total liabilities | 805.06M | 1.13B | 1.18B | 614.50M | 731.21M |
| Current liabilities | |||||
| Accounts payable | 6.57M | 1.83M | 1.61M | 2.61M | 4.99M |
| Accrued expenses | 38.72M | 42.70M | 38.34M | 23.78M | 19.46M |
| Short term debt | 137.67M | 206.32M | 187.11M | 70.35M | 83.31M |
| Deferred revenue | 6.24M | 2.96M | 353,000 | 3.06M | 272,000 |
| Tax payable | — | — | 53,000 | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 5.45M | 941,000 | 6.33M | 8.31M | 5.34M |
| Non current liabilities | |||||
| Long term debt | 606.86M | 868.32M | 938.79M | 484.59M | 608.70M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | 757,000 | 6.16M | 6.55M |
| Other non current liabilities | 2.63M | 1.88M | 2.29M | 14.86M | 1.49M |
| Shareholders equity | |||||
| Common stock | 1.49B | 1.50B | 1.59B | 1.28B | 1.31B |
| Retained earnings | 226.83M | -21.45M | -409.34M | -275.85M | -270.32M |
| Other shareholders equity | -1.06M | 6.96M | -12.36M | -32.61M | -20.57M |
| Total shareholders equity | 1.72B | 1.49B | 1.17B | 972.04M | 1.02B |
| Additional paid in capital | — | — | — | — | — |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | 584,000 | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Net Income | 556.45M | 387.89M | -134.66M | -5.53M | -830,000 | -88.94M | -106.09M | -18.22M | 173.17M | -119.10M | -723.81M |
| Depreciation | 129.04M | 110.39M | 86.67M | 74.34M | 75.65M | 72.43M | 78.85M | 79.89M | 81.65M | 84.93M | 108.68M |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | -10,000 | 3.50M |
| Stock-Based Compensation | 8.52M | 6.75M | 10.53M | 5.63M | 4.28M | 3.16M | 3.81M | 2.84M | 2.81M | 571,000 | 1.01M |
| Other Non-Cash Items | -25.64M | -32.94M | 306,000 | -2.69M | -5.43M | 9.98M | -5.86M | -2.06M | -13.87M | -204.73M | 294.15M |
| Accounts Receivable | 42.61M | -182.68M | -16.47M | 40.48M | 10.78M | -36.44M | 8.73M | 8.03M | 13.40M | 39.39M | 40.45M |
| Accounts Payable | 8.73M | 13.10M | -3.64M | -2.28M | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 3.28M | 2.61M | -1.64M | 3.00M | 379,000 | -8.07M | -20.70M | -652,000 | 2.97M | 9.42M | 15.22M |
| Operating Cash Flow | 722.99M | 305.12M | -58.90M | 112.95M | 84.83M | -47.88M | -41.25M | 69.83M | 260.13M | -189.53M | -260.81M |
| Investing Activities | |||||||||||
| Capital Expenditures | 66.00M | 99.16M | 165.81M | 73.12M | 15.77M | 169.29M | 18.34M | — | 17.06M | 78.43M | -35.31M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | 138.97M | 54.05M | 2.35M | 125.09M | 3.68M | -731,000 | -987,000 | -153,000 | — | — |
| Purchase of Investments | -238.64M | -105.00M | -7.55M | — | — | — | — | — | — | — | — |
| Sale of Investments | 255.00M | 26.36M | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | 82.36M | 159.49M | 212.30M | 82.92M | 145.06M | 273.75M | 37.14M | 5.35M | 115.13M | 37.82M | -33.52M |
| Financing Activities | |||||||||||
| Long-Term Debt Issuance | 169.72M | 749.06M | 530.80M | 362.99M | — | 70.12M | 614.93M | — | — | 605.56M | — |
| Long-Term Debt Payments | -568.02M | -837.98M | -624.95M | -504.91M | -162.10M | -133.68M | -513.40M | -155.23M | -6.28M | -317.41M | -12.73M |
| Other Financing Charges | -10.72M | -7.01M | -22.09M | -4.39M | -658,000 | -632,000 | -349,000 | -26,000 | — | -46.92M | 12.15M |
| Financing Cash Flow | -731.12M | -185.79M | -173.84M | -183.07M | -162.76M | -64.19M | 98.01M | -357.26M | -206.28M | 241.23M | -578,000 |
| Other Cash Details | |||||||||||
| End Cash Position | 126.76M | 243.74M | 98.93M | 215.68M | 150.24M | 117.64M | 70.61M | 92.00M | 308.86M | 178.24M | 173.94M |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 481.77M | 171.12M | -155.21M | 165.58M | 50.31M | -162.52M | -156.55M | 126.07M | 221.78M | -274.75M | 66.39M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,472,614 | 59.91M | 2.99% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 1,356,120 | 55.17M | 2.76% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 1,128,335 | 45.90M | 2.29% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 751,771 | 30.58M | 1.53% |
| Delaware Group Equity Funds V-Small Cap Value Fund | Nov 30, 2024 | 710,450 | 28.90M | 1.44% |
| Capitol Ser Tr-Fuller & Thaler Behavioral Small Cap Equity Fd | Sep 30, 2024 | 627,057 | 25.51M | 1.27% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 592,781 | 24.11M | 1.21% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 591,757 | 24.07M | 1.20% |
| Delaware Group Equity Fds V-Small Cap Core Fund | Nov 30, 2024 | 545,605 | 22.20M | 1.11% |
| Vanguard Strategic Equity Fund | Sep 30, 2024 | 501,861 | 20.42M | 1.02% |
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