Overview

* International Seaways ( INSW ) Q2 adjusted EPS beats analyst expectations, per LSEG data

* Adjusted net income for Q2 beats analyst estimates, per LSEG data

* Company sold six older vessels, purchased modern VLCC, strengthening fleet

Outlook

* Company expects oil demand growth supported by Americas and OPEC+ production

* Seaways anticipates regional imbalances boosting seaborne transportation demand

* Company foresees tanker supply decline due to fewer new deliveries

* Seaways secured financing for LR1 newbuildings delivering from Q3 2025

Result Drivers

* FLEET OPTIMIZATION - Sold six older vessels and purchased a modern VLCC to enhance fleet efficiency

* LOWER SPOT EARNINGS - Decline in TCE revenues due to lower spot earnings in both crude and product carrier segments

* STRONG LIQUIDITY - Maintained over $700 mln in liquidity to support growth and strategic opportunities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $1.02 $0.95 (5

Adjusted Analysts

EPS )

Q2 EPS $1.25

Q2 Beat $50 mln $43.50

Adjusted mln (2

Net Analysts

Income )

Q2 Net $62 mln

Income

Q2 Beat $102 mln $95.20

Adjusted mln (5

EBITDA Analysts

)

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* Wall Street's median 12-month price target for International Seaways Inc ( INSW ) is $48.00, about 9.9% above its August 5 closing price of $43.27

* The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)