International Seaways' Q3 Revenue Surge Highlights Tanker Industry's Resilience

Grand News Network | November 7, 2023

International Seaways Inc (NYSE: INSW) reported a Q3 FY23 shipping revenue of $241.7 million, up from $236.8 million a year ago, beating the consensus of $217.1 million.

Consolidated TCE revenues rose to $236.0 million from $234.5 million a year ago. 

Total operating expenses increased to $127.5 million from $108.4 million a year ago.

Adjusted EBITDA stood at $150.9 million, compared to $157.1 million a year ago.

Adjusted EPS of $2.04 beat the consensus of $1.68.

In Q3, INSW raised contracted revenues to $344 million ...

Full story available on Benzinga.com

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