5 Fastest Growing Energy Companies in the US

2. International Seaways, Inc. (NYSE:INSW)

Year over Year growth rate 2023: +86.61%

International Seaways, Inc. is involved in the transportation of crude oil and petroleum products, operating vessels in the International Flag trade. The company owns and operates a fleet of oceangoing vessels, with segments including Crude Tankers and Product Carriers.

In the twelve months ending September 30, 2023, International Seaways reported revenue of $1.16 billion, representing an impressive 86.61% year-over-year growth. However, revenue for the quarter ending September 30, 2023, experienced a more modest growth rate of 2.06% year-over-year, totaling $241.71 million. In 2022, the company achieved annual revenue of $864.67 million, demonstrating a substantial growth rate of 217.25%.