Filing Flows › International Seaways (INSW) › Q2 2026 › vs Q1 2026
International Seaways (INSW) Q2 2026 vs Q1 2026 (quarter over quarter)
International Seaways's revenue rose $142M (+44%) from $325M in Q1 2026 to $467M in Q2 2026. The biggest changes: Voyage charter revenues +$107M (+671%); Time and Bareboat Charter Leases +$27.6M (+45%); Pool Revenue Leases +$7.0M (+3%). Operating margin 64.5% against 88.7% (-24.2 pts).
International Seaways, Q2 2026: revenue $467M (+139% year over year), operating margin 64.5%, net earnings $295M, operating cash flow $268M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 64.5% | 88.7% | -24.2 pts |
| Net margin | 63.1% | 87.9% | -24.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Pool Revenue Leases | $256M | $248M | $7.0M | +3% |
| Voyage charter revenues | $123M | $16.0M | $107M | +671% |
| Time and Bareboat Charter Leases | $88.6M | $61.0M | $27.6M | +45% |
| Revenue | $467M | $325M | $142M | +44% |
| Operating profit | $301M | $289M | $12.8M | +4% |
| Costs & expenses | $166M | $36.9M | $129M | +350% |
| Pre-tax earnings | $295M | $286M | $8.8M | +3% |
| Other expense, net | $6.4M | $2.4M | $4.0M | +165% |
| General & admin | $16.6M | $9.3M | $7.3M | +78% |
| Other operating costs | $149M | $27.6M | $122M | +441% |
| Income tax benefit | $1K | $0 | $1K | — |
| Net earnings | $295M | $286M | $8.8M | +3% |
| Depreciation & amortization | $39.7M | $40.6M | −$878K | -2% |
| Share-based compensation | $1.6M | $1.5M | $105K | +7% |
| Working capital & other | $68.5M | $187M | −$119M | -63% |
| Operating cash flow | $268M | $141M | $127M | +90% |
Questions
How much did International Seaways's revenue grow quarter over quarter in Q2 2026?
International Seaways's revenue rose $142M (+44%) from $325M in Q1 2026 to $467M in Q2 2026.
What drove International Seaways's revenue change in Q2 2026?
Voyage charter revenues +$107M (+671%); Time and Bareboat Charter Leases +$27.6M (+45%); Pool Revenue Leases +$7.0M (+3%).