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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) declared a regular quarterly cash dividend of $0.578125 per share on its Series E Cumulative Perpetual Preferred Shares (NYSE:TENPRE). The dividend covers the period from May 28, 2026, to August 27, 2026, and will be paid on August 28, 2026 to holders of record as of August 25, 2026. This is the 38th dividend on the Series E Preferred Shares, of which 4,745,947 are outstanding.
TEN (NYSE:TEN) announced the delivery and naming of the DP2 suezmax shuttle tanker “Anfield DP” from Samsung Heavy Industries in South Korea, the third in a planned series of 12 DP2 shuttle tankers. The vessel will begin a 10-year employment with a US oil major, with options that could extend employment to its 20th anniversary, supporting TEN’s second-phase expansion in the Brazilian offshore market.
With Anfield DP, TEN now operates seven shuttle tankers on long-term employment, with nine more shuttle newbuildings on order, contributing to a shuttle fleet of 16 vessels and making TEN one of the larger shuttle tanker owners globally. According to TEN, minimum gross revenues from its long-term charter backlog total approximately $3.5 billion. The company’s diversified fleet stands at 82 vessels, including twelve DP2 shuttle tankers and multiple scrubber-fitted crude and product tankers, totaling 10.1 million dwt, alongside an extensive newbuilding program of conventional tankers, additional shuttle tankers and LNG carriers.
TEN (NYSE:TEN) declared a regular quarterly cash dividend of approximately $0.59375 per Series F Preferred Share (NYSE:TENPRF). The dividend covers the period from April 30, 2026, to July 29, 2026, and will be paid on July 30, 2026, to shareholders of record on July 27, 2026.
This is the 32nd dividend on the Series F Preferred Shares, of which 6,747,147 shares are outstanding.
TEN (NYSE:TEN) ordered a second LNG carrier from Hyundai Heavy Industries, scheduled for delivery in Q1 2029. This brings TEN’s newbuilding program to 20 vessels.
The first newbuild, the Anfield DP shuttle tanker, should deliver in July 2026 with minimum 10-year employment, extendable to 20 years, contributing to $3.5 billion in minimum secured revenues.
TEN (NYSE:TEN) declared its second semi-annual 2026 common stock dividend.
The dividend is $1.00 per share, payable July 30, 2026, to shareholders of record on July 23, 2026. Combined with the $0.50 February 2026 dividend, this equals a 36% increase vs 2025. Cumulative dividends since 2002 exceed $1 billion.
TEN (NYSE:TEN) held its Thirty-Third Annual General Meeting of Shareholders in Athens on May 27, 2026. The required quorum was achieved and all resolutions passed with at least 93.8% of votes cast.
Shareholders approved director elections, 2025 audited financial statements, 2026 auditors, and directors’ remuneration.
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.