insw: the income statement

MyFinsight

International Seaways, Inc. (INSW)

For the quarter ending 2025-06-30, INSW made $195,641K in revenue. $61,646K in net income. Net profit margin of 31.51%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30	2025-03-31	2024-09-30	2024-06-30
Shipping revenues	195,641	183,394	225,190	257,409
Recapitalization costs	-	-	-	168
Other operating expenses	122	95	985	1,454
Charter hire expenses	9,627	9,145	7,245	6,948
General and administrative	12,165	13,217	13,411	11,985
Gain on disposal of vessels and other assets, net	11,229	10,021	13,499	27,852
Depreciation and amortization	41,349	39,705	39,304	36,517
Voyage expenses	6,819	5,052	5,503	5,561
Vessel expenses	67,421	67,028	71,269	67,840
Total operating expenses	126,274	124,221	124,218	102,621
Income from vessel operations	69,367	59,173	100,972	154,788
Other income	2,040	1,844	3,211	2,360
Income before interest expense	71,407	61,017	104,183	157,148
Interest expense	9,761	11,452	12,496	12,425
Income tax expense (benefit)	-	-	-1	-
Income (loss) from continuing operations before income taxes, extraordinary items, noncontrolling interest	-	-	91,687	144,723
Net income (loss), including portion attributable to noncontrolling interest	-	-	91,688	144,723
Net income	61,646	49,565	91,688	144,723

Earnings per share, basic	1.25	1	1.85	2.93
Earnings per share, diluted	1.25	1	1.84	2.91
Weighted average number of shares outstanding, basic	49,323,071	49,307,449	49,544,412	49,387,193
Weighted average number of shares outstanding, diluted	49,476,481	49,528,814	49,881,317	49,721,858

Unit: Thousand (K) dollars (except for numbers of shares and EPS)