Deutsche Bank Retains a Buy Rating on International Seaways, Inc. (INSW)

Group 1: Company Performance - International Seaways, Inc. reported fourth-quarter net income of $128 million, or $2.56 per share, with adjusted net income of $122 million, or $2.45 per share, and adjusted EBITDA of $175 million [2] - The company achieved full-year net income of $309 million and adjusted EBITDA of $475 million, maintaining $724 million in liquidity, including $167 million in cash [2] - Management indicated that the company had its best quarter since Q1 2024, driven by crude and product tanker divisions and higher VLCC profitability [3] Group 2: Financial Actions - International Seaways announced a dividend of $2.15 per share payable in March 2026, accounting for 87% of adjusted net income [2] - The company sold 10 vessels in 2025 for $131 million and seven vessels in 2026 for $216 million, accelerating fleet renewal through these sales and acquisitions [2][3] - The firm issued $250 million in bonds to service higher-cost debt and returned approximately $150 million to shareholders [3] Group 3: Analyst Ratings - Deutsche Bank upgraded International Seaways' price objective to $80 from $63 while maintaining a Buy rating [1]