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Tsakos Energy Navigation Ltd. reports developments tied to its international seaborne transportation of crude oil, petroleum products and LNG. The company operates as a diversified tanker owner and operator, with news commonly addressing fleet employment, charter extensions, vessel deliveries, tanker-rate conditions, contracted revenue and operating results.
Company updates also include quarterly and annual earnings releases, Form 20-F filing announcements, and cash dividends on its Series E and Series F preferred shares. Recurring coverage reflects TEN's role in liquid energy shipping, including crude tankers, product tankers, LNG carriers and DP2 shuttle tankers serving oil companies, refiners and energy customers.
TEN (NYSE:TEN) reported strong Q1 2026 results, with net income of $89 million ($2.72 per share), up 160% year-over-year, and adjusted EBITDA of $154 million, up 55%.
The board declared a $1.00 second semi-annual dividend, lifting 2026 common dividends to $1.50 per share, a 36% increase over 2025 and the highest in more than 10 years. Fleet utilization reached 98.3%, contracted revenue backlog exceeds $3.5 billion, and a 22-vessel, 3 million dwt newbuilding program is on schedule.
TEN (NYSE: TEN) declared a regular quarterly cash dividend of $0.578125 per share on its Series E Cumulative Perpetual Preferred Shares (NYSE: TENPRE). The dividend covers Feb 28, 2026 through May 27, 2026, will be paid on May 28, 2026, and the record date is May 22, 2026. TEN reports 4,745,947 Series E preferred shares outstanding and notes this is the 37th dividend since listing. Dividends are payable quarterly in arrears on the 28th of Feb, May, Aug and Nov (adjusted for weekends/holidays).
TEN (NYSE:TEN) will report first quarter 2026 results for the period ended March 31, 2026, before the U.S. market open on Thursday, May 21, 2026.
Management will host a conference call and webcast the same day at 10:00 AM ET to discuss results and provide an outlook. Dial-in numbers, conference ID 13760496, and a live/archived webcast with slides will be available via the company website.
TEN (NYSE: TEN) announced up to five-year charter extensions for two DP2 shuttle tankers, continuing existing charters that began at delivery in 2013. The new charters take effect when the current 15-year contracts expire around mid-2028 and are expected to generate gross revenues in excess of $200 million over their durations. The company cites a $4.0 billion minimum fleet revenue backlog and a proforma shuttle-tanker fleet of 16 modern vessels. Management highlighted long-term partnerships with major oil companies and continued dividend policy.
TEN (NYSE: TEN) filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025 with the U.S. SEC on April 7, 2026. The filing is available on the company’s Investor Relations SEC Filings page.
Shareholders may request a free hard copy by contacting Capital Link using the contact details provided in the release.
TEN (NYSE: TEN) declared a quarterly cash dividend of $0.59375 per share on its Series F cumulative redeemable perpetual preferred shares (NYSE: TENPRF). The dividend covers the period Jan 30, 2026 through Apr 29, 2026 and will be paid on Apr 30, 2026 to holders of record as of Apr 27, 2026.
Dividends on Series F are payable quarterly in arrears on the 30th of Jan, Apr, Jul and Oct when declared. This is the 31st dividend since the Series F commenced trading. TEN has 6,747,147 Series F shares outstanding as of the announcement date.
TEN (NYSE: TEN) announced that Founder & CEO Dr. Nikolas P. Tsakos will be interviewed live on Bloomberg Surveillance today, March 11, 2026, at 9:40 a.m. EST. The interview is available via Bloomberg Originals live stream and Bloomberg’s YouTube channel.
According to the company, Dr. Tsakos will discuss the tanker sector outlook, the company’s near-full fleet utilization and strong 2025 results, plus implications of Middle East geopolitical tensions, volatile energy markets, and evolving ton-mile demand for global oil transportation.
TEN (NYSE: TEN) announced that Founder & CEO Dr. Nikolas P. Tsakos will be interviewed live on the Schwab Network Watch List today at 9:30 a.m. ET. He will discuss the tanker market outlook following the company’s robust 2025 performance, recent oil price strength, freight rates, and energy security implications.
TEN (NYSE: TEN) reported full-year 2025 results with $800 million in gross revenues and $161 million net income ($4.45 per share). Adjusted EBITDA was $416 million. Q4 2025 net income rose to $58.0 million and adjusted EBITDA to $127.6 million.
Fleet utilization strengthened, cash stood at $298 million at year-end, total debt was $1.9 billion, and the company announced newbuild deliveries, an LNG newbuilding contract and an expected ~$82 million sale proceeds in 2026.
TEN (NYSE:TEN) will report fourth quarter and year‑end 2025 financial results on Friday, March 6, 2026, prior to the NY market open. A conference call and webcast reviewing results and management outlook will follow at 10:00 AM ET the same day.
Participants may join by phone (877‑405‑1226 or +1 201‑689‑7823), using conference ID 13758914, or via the live slides and audio webcast on the company website; an archived replay will be available under Webcasts & Presentations.