Results of Operations and Financial Condition · Regulation FD Disclosure
Item 2.02 Results of Operations and Financial Condition. The following information, including the Exhibit to this Form 8-K, is being furnished pursuant to Item 2.02 - Results of Operations and Financial Condition of Form 8-K.…
Filed Aug 10, 2026Accepted Aug 10, 2026, 7:30 AM EDTCIK 1679049Accession 0001104659-26-093033
International Seaways, Inc. (NYSE: INSW) is one of the largest public tanker companies in the world, providing seaborne transportation services for crude oil and refined petroleum products. The Company owns and operates a fleet across the principal tanker asset classes, including vessels on order. The Company focuses on the safe and reliable operation of its fleet and primarily employs its vessels in commercial pools, most of which it has an ownership interest, enhancing scale and market access. The Company is headquartered in New York City, N.Y. Additional information is available at https://www.intlseas.com.
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Item 2.02Item 2.02 - Results of Operations
Item 2.02 Results
of Operations and Financial Condition.
The following information, including the Exhibit to this
Form 8-K, is being furnished pursuant to Item 2.02 - Results of Operations and Financial Condition of Form 8-K. This information
is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 and is not incorporated
by reference into any Securities Act of 1933 registration statements.
On August 10, 2026, International Seaways, Inc. issued
a press release, a copy of which is attached hereto as Exhibit 99.1, announcing second quarter 2026 earnings.
Section
7 - Regulation FD
Item 7.01Item 7.01 - Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure.
The following information, including the Exhibit to this
Form 8-K, is being furnished pursuant to Item 7.01 - Regulation FD Disclosure of Form 8-K. This information is not deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act
of 1934 and is not incorporated by reference into any Securities Act of 1933 registration statements.
On August 7, 2026, INSW’s Board of Directors declared
a quarterly dividend of $5.05 per share of common stock payable in the third quarter of 2026. Such dividend is payable on September 24,
2026 to shareholders of record at the close of business on September 10, 2026.
Section 9 - Financial Statements
and Exhibits
Filed exhibits (1)
EX-99.1 (by filename) tm2622617d1_ex99-1.htm
EX-99.1
2
tm2622617d1_ex99-1.htm
EXHIBIT 99.1
Exhibit 99.1
INTERNATIONAL
SEAWAYS REPORTS
SECOND QUARTER
2026 RESULTS
New York, NY - August 10, 2026 - International Seaways, Inc. (NYSE: INSW) (the “Company,” “Seaways,” or “INSW”), one of the largest
tanker companies worldwide providing energy transportation services for crude oil and petroleum products, today reported results for the
second quarter 2026.
HIGHLIGHTS & RECENT DEVELOPMENTS
Record Financial Results:
Record net income and adjusted net income(1) of $295 million.
Record adjusted EBITDA(1) of $345
million.
Record quarterly free cash flow(1) of $261 million.
Returns to Shareholders:
Largest quarterly dividend in Company history
declared: $5.05 per share to be paid in September 2026.
Third consecutive quarter with a payout ratio
of at least 85% of adjusted net income.
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Declared dividends of $12.61 per share over the
last twelve months represent a 21% yield.
Paid quarterly dividends of $4.55 per share in
June 2026.
Fleet Optimization Program:
Contracted four additional LR1 newbuildings for
an aggregate price of $244 million, with d…