International Seaways (NYSE:INSW), an independent tanker company specializing in the transportation of crude oil and petroleum products, released its second quarter 2025 results on August 6, 2025. The company delivered earnings above analyst expectations, posting adjusted (non-GAAP) earnings per share of $1.02 compared to the $0.93 forecast. Revenue (GAAP) was $196 million, down 24% from the prior year. Despite steep year-over-year declines in both revenue and profits, the company maintained robust liquidity, continued its fleet modernization, and declared a sizable quarterly dividend, signaling an ongoing focus on shareholder returns and operational stability.
Source: Analyst estimates provided by FactSet. Management expectations based on management’s guidance, as provided in Q1 2025 earnings report.
International Seaways is a major player in the global marine transportation sector. Its fleet moves crude oil and refined petroleum products across world markets, serving global energy producers and major oil companies. The company operates a mix of vessel types, including Very Large Crude Carriers (VLCCs), Suezmax, and Aframax crude tankers, as well as Long Range 1 (LR1) and Medium Range (MR) product carriers.