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Earning Preview: International Seaways Inc Q4 revenue is expected to increase by 31.42%, and institutional views are bullishAbstract
International Seaways Inc will report quarterly results Pre-Market on February 26, 2026; this preview synthesizes the latest financial data, forecasts, and recent corporate developments to frame expectations for revenue, profitability, and EPS alongside prevailing institutional views.Market Forecast
Consensus points to International Seaways Inc generating revenue of 244.65 million in the quarter to be reported, up 31.42% year over year, with EBIT estimated at 116.28 million reflecting a 108.39% year-over-year increase and adjusted EPS estimated at 1.92, implying a 120.01% year-over-year rise. Forecast gross profit margin and net profit margin were not disclosed; expectations as framed here rest on the financial forecast values for revenue, EBIT, and EPS.Last quarter’s business mix showed balanced contributions: Product Operations revenue was 99.92 million and Crude Oil Tankers revenue was 96.47 million; consensus expects higher consolidated revenue and EPS this quarter, supported by improved operating leverage implied in the EBIT and EPS forecasts. The most promising segment for this quarter appears to be Crude Oil Tankers, informed by the company’s integration of spot-trading Suezmax vessels into a newly formed pool; the segment delivered 96.47 million last quarter, and while segment-specific year-over-year growth was not disclosed, total revenue is projected to rise 31.42% year over year.
Last Quarter Review
International Seaways Inc reported last quarter revenue of 196.39 million, a gross profit margin of 60.86%, GAAP net profit attributable to the parent company of 70.55 million, a net profit margin of 35.92%, and adjusted EPS of 1.15; year-over-year changes were -12.79% for revenue and -26.75% for adjusted EPS. A key highlight was outperformance versus earlier estimates: revenue exceeded estimates by 13.11 million, EPS surpassed estimates by 0.22, and EBIT was ahead by 13.96 million.In its main business lines, Product Operations contributed 99.92 million and Crude Oil Tankers contributed 96.47 million in last quarter’s revenue, representing an approximate split of 51% and 49%; total revenue declined 12.79% year over year, reflecting the comparative baseline from the same quarter last year rather than the current quarter’s forecast.
Current Quarter Outlook (with major analytical insights)
Main Business
The main business encompasses Product Operations and Crude Oil Tankers, a mix that is evenly balanced by revenue and capable of driving consolidated earnings when operational execution aligns. With EBIT estimated at 116.28 million and EPS estimated at 1.92, both showing substantial year-over-year increases, the forecast implies improved operating efficiency and potentially tighter cost control relative to the prior-year quarter. In the context of the last quarter’s 60.86% gross margin and 35.92% net margin, the forecasted EPS and EBIT trajectory suggests that the current quarter may benefit from a more favorable contribution from core voyages and better utilization across the fleet.The quarter’s setup is also influenced by recent corporate moves that can affect revenue capture and margin mix. The acquisition of Tankers International and the plan to form a new pool to manage Suezmax vessels, with International Seaways Inc contributing its spot-trading Suezmaxes, indicates a reconfiguration of commercial management aimed at optimizing fixtures, fleet deployment, and voyage economics. This pool-based approach can streamline scheduling and improve the efficiency of vessel employment, providing a path to translate fleet activity into EBIT and EPS improvement consistent with the forecast trajectory.
Additionally, asset rotation decisions—specifically the sale or agreed sale of five older vessels for approximately 185.00 million net of commissions and fees—reshape the fleet, potentially lowering maintenance burdens associated with older tonnage and supporting management’s capital allocation priorities. Although asset sale gains are non-operating by nature, they directly influence net profit recognition and enter investor calculations for reported EPS; management expects to recognize gains of approximately 65.00 million in the first quarter of 2026, indicating that near-term profitability reporting will capture these realized transactions.
Most Promising Segment
Crude Oil Tankers stands out as the most promising segment in the immediate term, given the reported integration of spot-trading Suezmax vessels into a newly formed pool under Tankers International’s management. The segment delivered 96.47 million in last quarter’s revenue, and while segment-specific year-over-year metrics are not disclosed, the reorganization of commercial operations points to improved coordination and the potential for more efficient voyage selection. This structural change can enhance the segment’s ability to convert vessel days into revenue and EBIT, thereby contributing to the 108.39% year-over-year increase implied for EBIT at the consolidated level.The pool framework consolidates commercial decisions across managed tonnage and can help align positioning, bunker planning, and laycan commitments within a broader schedule, generally enhancing utilization. For International Seaways Inc, allocating spot-trading Suezmaxes to this platform is a concrete step to capture trading opportunities that suit the fleet’s profile while maintaining flexibility to adjust to the voyage pipeline. When combined with the refreshed fleet profile from the sale of older MR and VLCC units, the segment should have a cleaner base of assets capable of supporting reported profitability.
It is also worth noting that segment performance feeds directly into the consolidated EPS forecast of 1.92; the size of the estimated EPS increase—120.01% year over year—indicates that the segment’s operational contribution will be complemented by company-level items, including the expected gains of approximately 65.00 million from vessel sales in the first quarter of 2026. This blend of operating and non-operating drivers frames a quarter in which reported EPS can rise meaningfully, even as revenue growth is forecast at 31.42% year over year.
Stock Price Drivers
The stock’s movement around the print is likely to hinge most on the magnitude of revenue, EBIT, and EPS relative to these forecasts, together with clarity on the timing and accounting of gains from asset sales. Positive variance to the 244.65 million revenue estimate and the 116.28 million EBIT estimate, combined with EPS exceeding the 1.92 forecast, would be supportive for the share price. Conversely, a miss on any of these benchmarks would recalibrate expectations; the last quarter’s track record showed revenue and EPS beats versus estimates, which investors will factor into their probability ranges for this quarter.Management commentary on fleet deployment within the Tankers International framework will be closely parsed for concrete evidence of scheduling efficiency, voyage returns, and expected synergies. Specific color on how the Suezmax pool organizes fixtures and whether this has translated into better utilization and voyage economics would help the market connect the commercial strategy to the forecasted EBIT trajectory. Particularly because last quarter’s net margin was 35.92%, investors will be attentive to any commentary about cost control and operating expense trends, as these shape the conversion from revenue to EBIT and from EBIT to EPS.
Updates on capital allocation are also important, given the sale of five vessels for approximately 185.00 million net. Implementation details on the closing schedule—expected in the first quarter of 2026—and confirmation of the anticipated 65.00 million gains will inform near-term earnings quality. If management confirms efficient redeployment of the proceeds—whether to balance sheet strength, maintenance of leverage ratios, or selective investment—market participants may view the quarter’s report as a pivot toward a more streamlined asset base and a more focused commercial platform under the new pool structure. All of this integrates with the expectation of higher consolidated revenue and EPS this quarter and frames how investors will assess sustainability into subsequent periods.
Analyst Opinions
The prevailing stance among the limited set of identified institutional views is bullish, comprising 100% of the opinions observed. BTIG maintained a Buy rating on International Seaways Inc with a price target of 60.00, reflecting confidence in the company’s trajectory and the setup into the upcoming report; the rating framework suggests that improved earnings visibility, active portfolio management of assets, and the reorganization of commercial operations are viewed constructively. This aligns with the forecast of 244.65 million revenue, 116.28 million EBIT, and 1.92 EPS, which collectively point to stronger profitability versus the same quarter last year.Depth in the bullish perspective centers on the catalysts that can influence reported results and forward guidance. The acquisition of Tankers International and the formation of a new pool to manage Suezmax vessels, with International Seaways Inc contributing its spot-trading Suezmaxes, offers a tangible mechanism to enhance commercial execution. Investors will look for management’s validation of schedule optimization and utilization benefits tied to the pool arrangement, connecting those operational details to the implied EBIT growth. In parallel, the planned recognition of approximately 65.00 million gains from vessel sales in the first quarter of 2026 provides an additional uplift to net profit, reinforcing the EPS forecast.
The observed bullish view also implicitly accounts for last quarter’s performance against estimates, in which revenue and EPS surpassed expectations. Building on that context, the current quarter’s higher forecast levels suggest that operational consistency combined with asset rotation could sustain a favorable earnings profile. Should International Seaways Inc deliver results near or above the forecasted revenue and EPS, and provide credible detail on how the Tankers International platform will augment commercial outcomes, the bullish stance is likely to remain the majority view among institutions tracking the name. The proximity of the earnings date on February 26, 2026 and the Pre-Market release schedule means that investors will have prompt visibility into whether the forecasted improvements—31.42% revenue growth, 108.39% EBIT growth, and 120.01% EPS growth—materialize and how management narrates the contribution from recent corporate actions to the quarter’s performance.
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