International Seaways, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 5, 2026, reporting sharply higher revenues and net income compared with the same periods in 2025.

Key Highlights

  • Q3 2026 net income: $344,238 thousand, up from $70,546 thousand in Q3 2025, according to the filing.
  • Nine-month net income: $925,306 thousand for the nine months ended September 30, 2026, compared with $181,757 thousand in the same period of 2025.
  • Total shipping revenues: $483,202 thousand for Q3 2026 and $1,275,965 thousand for the nine months ended September 30, 2026, the filing disclosed.
  • Diluted EPS: $6.90 per share for Q3 2026 and $18.55 per share for the nine-month period, versus $1.42 and $3.67 in the comparable 2025 periods.
  • Total assets: $3,172,812 thousand as of September 30, 2026, up from $2,668,642 thousand at December 31, 2025.
  • Gain on disposal of vessels and other assets, net: $52,817 thousand in Q3 2026 and $140,945 thousand for the nine-month period, as reported in the filing.
  • Shares outstanding: 51,155,347 shares of common stock as of November 3, 2026, according to the filing.

International Seaways Reports Sharply Higher Revenue and Earnings for Q3 and Nine Months Ended September 30, 2026

International Seaways, Inc. (NYSE:INSW), a tanker company incorporated in the Marshall Islands, reported total shipping revenues of $483,202 thousand for the three months ended September 30, 2026, compared with $196,388 thousand in Q3 2025, according to the 10-Q filing. Revenue components included pool revenues of $215,551 thousand (of which $138,598 thousand came from affiliated companies), time charter revenues of $113,961 thousand, and voyage charter revenues of $153,690 thousand for the quarter.

For the nine months ended September 30, 2026, the company disclosed total shipping revenues of $1,275,965 thousand, up from $575,423 thousand in the same period of 2025. Income from vessel operations reached $941,241 thousand for the nine-month period, compared with $207,223 thousand a year earlier. The filing also noted a holding gain on a previously held equity interest of $3,919 thousand in the nine-month period, with no comparable amount in 2025. Total operating expenses for the nine months were $341,314 thousand, down from $368,200 thousand, partly reflecting the net gain on vessel disposals of $140,945 thousand.

On the balance sheet, total assets stood at $3,172,812 thousand as of September 30, 2026, against $2,668,642 thousand at December 31, 2025. The increase reflected higher cash and cash equivalents of $163,627 thousand, short-term investments of $290,000 thousand, and voyage receivables of $381,915 thousand. Long-term debt rose to $665,371 thousand from $541,291 thousand, and total equity increased to $2,365,615 thousand from $2,020,277 thousand. The company reported goodwill of $7,391 thousand as of September 30, 2026, compared with zero at year-end 2025. The filing states the company is classified as a large accelerated filer and is not a shell company.

What Was Disclosed

International Seaways filed its unaudited 10-Q for the quarter and nine months ended September 30, 2026, disclosing substantial increases in revenues, net income, and total assets relative to the prior-year periods, alongside higher long-term debt and a significant net gain on vessel disposals.