International Seaways Q4 adjusted EPS beats expectations on higher TCE revenue

Reuters02-26
International Seaways Q4 adjusted EPS beats expectations on higher TCE revenue

Overview

  • Tanker company's Q4 adjusted EPS beat analyst expectations

  • Adjusted net income for Q4 beat analyst expectations

  • Company completed strategic fleet optimizations and announced substantial shareholder returns

Outlook

  • Company expects continued strength in tanker markets into 2026

  • Seaways plans to leverage operating leverage for cash flow generation

  • Company aims to focus on fleet renewal and shareholder returns

Result Drivers

  • HIGHER SPOT EARNINGS - Co attributed increased Q4 net income to higher TCE revenues from spot earnings across the fleet, with significant gains in VLCC and Suezmax rates

  • FLEET OPTIMIZATION - Co's fleet optimization through vessel sales and strategic acquisitions reduced expenses and contributed to Q4 gains

  • MARKET FUNDAMENTALS - Strong market fundamentals and geopolitical factors supported tanker earnings, according to CEO Lois K. Zabrocky

Company press release: ID:nBw5JbF5ja

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Adjusted EPS

Beat

$2.45

$1.92 (4 Analysts)

Q4 EPS

$2.56

Q4 Adjusted Net Income

Beat

$122 mln

$92.53 mln (4 Analysts)

Q4 Net Income

$128 mln

Q4 Adjusted EBITDA

Beat

$175 mln

$157.77 mln (6 Analysts)

Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the oil & gas transportation services peer group is "buy"

  • Wall Street's median 12-month price target for International Seaways Inc is $64.00, about 7.9% below its February 25 closing price of $69.52

  • The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)

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