International Seaways stock gains as Q2 profits surge and tanker demand stays strong

International Seaways stock (ISIN MHY410381037) has been on a strong run in recent weeks, with a market capitalization of about USD 5.5 billion as of September 18, 2026, reflecting robust demand for oil shipping and record earnings in the quarter ended June 2026.

Q2 2026 earnings show profit surge

According to Zacks on September 18, 2026, International Seaways reported revenue of USD 467.29 million in the quarter ended June 2026, an increase of 138.9 percent compared with the same quarter a year earlier when revenue stood near USD 195.7 million.

In the same Q2 2026 period, earnings per share reached USD 5.91, up sharply from USD 1.02 a year earlier, meaning EPS rose by 4.89 dollars and more than quintupled year over year, underscoring how much tanker freight rates and fleet utilization have improved.Zacks

Commenting on those results, TheStreet highlighted that International Seaways achieved a time charter equivalent rate of about USD 51,500 per day across its fleet in Q2 2026, helping adjusted earnings for the quarter surge by roughly 485 percent year over year to USD 294.97 million, or USD 5.91 per share.

Analyst expectations and valuation signals

Looking ahead to the current quarter, consensus forecasts compiled by Zacks on September 18, 2026, point to expected earnings of USD 3.09 per share for International Seaways in the quarter now underway, implying a projected year over year increase of 168.7 percent versus the same quarter of the prior year.

The same Zacks overview notes that the consensus revenue estimate for the upcoming quarter stands near USD 397.19 million, which would more than double versus the comparable period of the previous year, indicating that analysts expect tanker market strength to persist even after the record Q2 2026 figures.TheStreet

From a quantitative scoring perspective, TheStreet reported on September 18, 2026, that Louis Navellier's system currently rates International Seaways as an A, reflecting strong earnings revisions and momentum, with Q3 2026 earnings forecast to rise about 416.7 percent year over year to USD 5.27 per share and revenue expected to more than double to roughly USD 397.19 million.

Stock performance and market context

Valuation narratives compiled by Simply Wall St on September 18, 2026, observed that at a share price of USD 110.53 International Seaways delivered a seven day share price return of 8.21 percent and a 90 day move of 30.82 percent, showing how quickly the stock has repriced to reflect stronger earnings.

That Simply Wall St piece also noted that against the prevailing market price of USD 110.53, a commonly cited fair value narrative pegs International Seaways at about USD 102.17, implying the shares trade roughly 8.2 dollars, or around 8 percent, above that fair value estimate, a premium that investors may see as justified by the recent step change in tanker profits.Simply Wall St

Sector context from an energy shipping overview on Yahoo Finance dated September 19, 2026, underscores that International Seaways operates a global fleet of crude and product tankers and that the business generates about USD 724 million per year from crude tankers and roughly USD 533 million from product carriers, supporting its approximately USD 5.5 billion market capitalization.

Stock price level and investor takeaway

Per recent market data as of September 18, 2026, International Seaways stock on the New York Stock Exchange traded close to USD 111.15, with a small daily gain of about 0.56 percent and a market capitalization near USD 5.505 billion, leaving the shares not far from their 52 week highs and signaling that investors continue to price in strong tanker fundamentals.

More news and analyses on International Seaways stock