Short answer
International Seaways, Inc. (INSW) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $325M (up 77.5% year over year) with net income of $286M.
Q1 2026 key financials · XBRL
- Revenue
- $325M
- +77.5% YoY
- Net income
- $286M
- +477.3% YoY
- Operating margin
- 88.7%
- EPS (diluted)
- $5.75
- +475.0% YoY
Source: XBRL data from the International Seaways, Inc. (INSW) Q1 2026 10-Q on SEC EDGAR. USD.
International Seaways, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- TCE revenue $317.2M, up $138.9M or 78% YoY from $178.3M
- Crude Tankers best performer: TCE revenue $184.3M, up 118% YoY
- Product Carriers TCE revenue $133.0M, up from $93.7M YoY
- Income from vessel operations $288.6M vs $59.2M YoY
- Outlook: historically high rates unlikely sustainable, with near-term bunker costs and war-risk premiums elevated
Risk Factors
- New geopolitical risk: Iran–U.S.–Israel hostilities began February 28, 2026, disrupting tanker routes
- Regulatory and security risk: Strait of Hormuz traffic declined 90–95% after blockades and vessel attacks
- Operational risk: Higher bunker costs, insurance premiums, charter rates, and market volatility
- Market risk: Strait closure threatens global energy flows, with up to 20% of consumed oil transiting the route
- Company exposure: No INSW vessels in the Arabian Gulf; attacks, seizures, or sinkings have not involved its vessels
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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