Earnings Call Summary | International Seaways(INSW.US) Q3 2024 Earnings Conference
Earnings Call Summary | International Seaways(INSW.US) Q3 2024 Earnings Conference
Cash breakeven on spot fleet is notably low, under $13,500 per day, with strong liquidity totaling nearly $700 million, encompassing over $540 million of undrawn revolver capacity.The following is a summary of the International Seaways, Inc. (INSW) Q3 2024 Earnings Call Transcript:
以下是International Seaways, Inc. (INSW) 2024年第三季度業績發佈會記錄的摘要：
Financial Performance:
財務表現：
Net income for Q3 2024 was $92 million, or $1.84 per diluted share, with adjusted net income at $78 million or $1.57 per share.
EBITDA recorded at $143 million with adjusted EBITDA at $130 million.
Cash breakeven on spot fleet is notably low, under $13,500 per day, with strong liquidity totaling nearly $700 million, encompassing over $540 million of undrawn revolver capacity.
Net loan to vessel value ratio is historically low at under 14%.
A balance of $694 million in cash and undrawn revolving capacity by the end of the quarter.
2024年第三季度的凈利潤爲9200萬美金，稀釋每股收益爲1.84美金，調整後的凈利潤爲7800萬美金，每股收益爲1.57美金。
記錄的EBITDA爲14300萬美金，調整後的EBITDA爲13000萬美金。
現貨船隊的現金盈虧平衡點明顯較低，每天低於13500美金，流動性強，達到近70000萬美金，包含超過54000萬美金的未提款循環信貸額度。
貸款與船舶價值比率歷史低於14%。
截至本季度末，現金餘額爲69400萬美金，尚未提款的循環信貸額度。
Business Progress:
業務進展：
During 2024, sold three 15-year-old MR tankers for $72 million and acquired six MRs under 10 years old for $232 million, reflecting fleet renewal and strength.
Successfully bought and retired over 500,000 shares at an average price under $50 per share, along with a combined dividend of $1.50 per share in third quarter, returning $100 million to shareholders, 84% of adjusted net income from the prior quarter.
Strong financial positioning with considerable liquidity and a well-maintained, optimized vessel fleet.
在2024年，出售了三艘15年的MR油輪，售價爲7200萬美元，並收購了六艘10歲以下的MR油輪，售價爲23200萬美元，反映了艦隊更新和實力。
成功購買並退休超過500,000股，平均價格低於每股50美元，同時在第三季度還支付了每股1.50美元的綜合股息，向股東返還了10000萬美元，占上季度調整後凈利潤的84%。
強大的財務定位，擁有相當的流動性和良好維護、優化的船舶艦隊。
Opportunities:
機會：
Anticipated oil demand growth, along with non-OPEC countries increasing their output, could likely lead to increased ton-mile demand and benefit tanker markets.
Limited tanker supply projected to bolster tanker earnings in the foreseeable future.
預計石油需求增長，加上非OPEC國家增加產量，可能導致噸英里需求上升，從而有利於油輪市場。
預計有限的油輪供應將推動油輪的業績，在可預見的未來。
Risks:
風險：
Potential disruptions from geopolitical actions like increased sanctions on Russia could impact tanker rates and market dynamics.
An aging tanker fleet globally could pose challenges, although it presents a rejuvenation opportunity for the company.
來自地緣政治行動的潛在干擾，例如對俄羅斯加大制裁，可能會影響油輪運費和市場動態。
全球老舊油輪船隊可能帶來挑戰，儘管這爲公司提供了更新換代的機會。
More details: International Seaways IR
更多詳細信息：International Seaways IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更全面的細節，請參閱IR網站。 文章僅供投資者參考，不構成任何指導或推薦建議。
譯文內容由第三人軟體翻譯。