International Seaways Q1 2025: Revenues at $491.9M
Ticker: INSW · Form: 10-Q · Filed: May 8, 2025 · CIK: 1679049
Sentiment: neutral
Topics: earnings, financials, shipping
TL;DR
INSW Q1 REVENUES $491.9M, RETAINED EARNINGS UP SLIGHTLY.
AI Summary
International Seaways, Inc. reported its first quarter 2025 results, with revenues of $491.9 million for the period ending March 31, 2025. The company's financial statements show retained earnings of $492.9 million as of March 31, 2025, compared to $491.9 million at the end of 2024. Key balance sheet items include common stock and accumulated other comprehensive income, with specific figures for cash flow hedges and defined benefit plans also detailed.
Why It Matters
This filing provides insight into the financial performance of a major player in the water transportation industry, impacting investors and the broader shipping market.
Risk Assessment
Risk Level: medium — The company operates in the volatile shipping industry, which is subject to global economic conditions and geopolitical events.
Key Numbers
- $491.9M — Revenues (First quarter 2025 revenue)
- $492.9M — Retained Earnings (As of March 31, 2025)
- $491.9M — Retained Earnings (As of December 31, 2024)
Key Players & Entities
- International Seaways, Inc. (company) — Filer of the 10-Q
- March 31, 2025 (date) — End of the reporting period
- $491.9 million (dollar_amount) — Revenues for Q1 2025
- $492.9 million (dollar_amount) — Retained earnings as of March 31, 2025
FAQ
What were International Seaways' total revenues for the first quarter of 2025?
International Seaways reported revenues of $491.9 million for the first quarter of 2025.
How did retained earnings change from the end of 2024 to March 31, 2025?
Retained earnings increased slightly from $491.9 million as of December 31, 2024, to $492.9 million as of March 31, 2025.
What is the company's fiscal year end?
The company's fiscal year ends on December 31.
What is the SIC code for International Seaways, Inc.?
The Standard Industrial Classification (SIC) code for International Seaways, Inc. is 4400, which corresponds to Water Transportation.
What was the previous name of International Seaways, Inc.?
The former company name was OSG International, INC, with a date of name change on July 7, 2016.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on May 8, 2025 regarding International Seaways, Inc. (INSW).