International Seaways Inc (NYSE: INSW) stock is soaring 5.66% in pre-market trading on Thursday following the release of its third-quarter 2025 financial results, which exceeded analyst expectations. The company reported adjusted earnings per share of $1.15, surpassing the consensus estimate of $0.93 by 24.06%.
The tanker company's quarterly performance was impressive, with adjusted EBITDA reaching $108 million, significantly beating the analyst forecast of $88.1 million. Despite a 12.79% year-over-year decrease in sales to $196.388 million, the figure still outperformed the estimated $183.279 million. Additionally, International Seaways announced an extension of its $50 million share repurchase program through the end of 2026, further boosting investor confidence.
While the company's net income of $71 million for Q3 2025 represents a decrease from the same period last year, International Seaways' ability to surpass market expectations in a challenging environment has clearly resonated with investors. The company's strategic fleet optimization, including the sale of older vessels and acquisition of new ones, along with balance sheet enhancements, have positioned it well in the current market conditions characterized by oil demand growth and constrained tanker supply.
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