International Seaways is trading at $115.25, up +4.78% in pre-market after Friday’s announcement of preliminary Q3 results and an agreement to acquire Bruton for approximately $370 million.
- The company estimated Q3 revenue of $480–$490 million and net income of $340–$350 million, including an approximately $50 million vessel-sale gain.
- The Bruton deal adds four VLCCs to the fleet; preliminary results cited strong tanker-market conditions.