INSW Q2 2023 Earnings — International Seaways, Inc. Revenue & Financial Results | Market Cap Arena

INSWInternational Seaways, Inc.

$4B

Q2 2023 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$292M+55.3% YoY

Gross Profit

$180M61.7% margin

Operating Income

$169M57.7% margin

Net Income

$154M52.6% margin

EPS (Diluted)

$3.11

QoQ Revenue Growth

+1.8%

Cash Flow

Operating Cash Flow

$194M

Free Cash Flow

$72M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$1.0B

Stockholders' Equity

$1.6B

Cash & Equivalents

$116M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$292M	$188M	+55.3%
Gross Profit	$180M	$91M	+98.0%
Operating Income	$169M	$82M	+105.2%
Net Income	$154M	$69M	+122.7%

Revenue Segments

Pool Revenue Leases

$248M85%

Time and Bareboat Charter Leases

$26M9%

Voyage Charter Leases

$19M6%