Filing Flows › International Seaways (INSW) › Q3 2026 › vs Q2 2026
International Seaways (INSW) Q3 2026 vs Q2 2026 (quarter over quarter)
International Seaways's revenue rose $15.9M (+3%) from $467M in Q2 2026 to $483M in Q3 2026. The biggest changes: Pool Revenue Leases −$40.0M (-16%); Voyage charter revenues +$30.6M (+25%); Time and Bareboat Charter Leases +$25.3M (+29%). Operating margin 72.7% against 64.5% (+8.2 pts).
International Seaways, Q3 2026: revenue $483M (+146% year over year), operating margin 72.7%, net earnings $344M, operating cash flow $243M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 72.7% | 64.5% | +8.2 pts |
| Net margin | 71.2% | 63.1% | +8.1 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Pool Revenue Leases | $216M | $256M | −$40.0M | -16% |
| Voyage charter revenues | $154M | $123M | $30.6M | +25% |
| Time and Bareboat Charter Leases | $114M | $88.6M | $25.3M | +29% |
| Revenue | $483M | $467M | $15.9M | +3% |
| Operating profit | $351M | $301M | $50.0M | +17% |
| Costs & expenses | $132M | $166M | −$34.1M | -21% |
| Pre-tax earnings | $345M | $295M | $49.8M | +17% |
| Other expense, net | $6.6M | $6.4M | $220K | +3% |
| General & admin | $19.6M | $16.6M | $3.0M | +18% |
| Other operating costs | $112M | $149M | −$37.1M | -25% |
| Net earnings | $344M | $295M | $49.3M | +17% |
| Income tax | $446K | −$1K | $447K | — |
| Depreciation & amortization | $41.3M | $39.7M | $1.6M | +4% |
| Share-based compensation | $2.1M | $1.6M | $525K | +34% |
| Working capital & other | $145M | $68.5M | $76.1M | +111% |
| Operating cash flow | $243M | $268M | −$24.7M | -9% |
Questions
How much did International Seaways's revenue grow quarter over quarter in Q3 2026?
International Seaways's revenue rose $15.9M (+3%) from $467M in Q2 2026 to $483M in Q3 2026.
What drove International Seaways's revenue change in Q3 2026?
Pool Revenue Leases −$40.0M (-16%); Voyage charter revenues +$30.6M (+25%); Time and Bareboat Charter Leases +$25.3M (+29%).