After A 90% Cash Flow Collapse, What's Next For Euronav? [Seeking Alpha]
International Seaways, Inc. (INSW)
Last international seaways, inc. earnings: 3/3 06:00 am
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US:NASDAQ Investor Relations:
intlseas.com/corporateprofile
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Source: Seeking Alpha
Summary Introduction It’s not a secret Euronav ( EURN ) shareholders shouldn’t be expecting too much from this year as the oversupply of vessels results in lower day rates for VLCC and Suezmax vessels. And although I do believe Euronav’s management to be superior to most management teams in the oil shipping sector thanks to its financial discipline, fleet management and good instinct to take advantage of opportunities, it still is a price taker and needs to undergo the current soft pricing environment. EURN data by YCharts As expected, the cash flows were very weak In the first half of this year, Euronav saw its revenue decrease by approximately 30% to $202.8M from shipping activities, and a total of $215.1M which also takes the gains on the disposal of vessels into consideration. As the operating expenses totalled almost $285M (due to higher voyage expenses and commissions and a higher G&A bill – the other operating expenses remained stable), the
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News
- International Seaways to Announce First Quarter 2024 Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- International Seaways to Announce First Quarter 2024 Results on May 8, 2024Business Wire
- International Seaways (INSW) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- International Seaways (INSW) Is a Great Choice for 'Trend' Investors, Here's Why [Yahoo! Finance]Yahoo! Finance
- International Seaways, Inc. (NYSE: INSW) had its price target raised by analysts at Stifel Nicolaus from $63.00 to $64.00. They now have a "buy" rating on the stock.MarketBeat
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Earnings
- 2/29/24 - Beat
INSW
Sec Filings
- 4/22/24 - Form SC
- 4/19/24 - Form 8-K
- 4/19/24 - Form DEFA14A
- INSW's page on the SEC website