Tsakos Energy (TEN) Stock News

TEN (NYSE: TEN) announced a regular quarterly cash dividend of $0.59375 per Series F preferred share (NYSE: TENPRF) covering the period from July 30, 2025 through October 29, 2025. The dividend will be paid on October 30, 2025 to holders of record as of October 27, 2025. Dividends on the Series F Preferred Shares are payable quarterly in arrears on the 30th day of January, April, July and October when declared by TEN's board. This payment is the 29th dividend since the Series F began trading. TEN reports 6,747,147 Series F preferred shares outstanding as of the press release date.

TEN Ltd (NYSE:TEN) reported strong financial results for Q2 and H1 2025. The company generated $390.4 million in gross revenues and $64.5 million in net income ($1.70 per share) for H1 2025. Fleet utilization reached 96.9% with a healthy TCE of $30,754 per vessel per day.

The company maintains a robust $3.7 billion minimum contracted revenue and is executing a significant fleet expansion with 21 new vessels under construction, including 3 new VLCC orders from South Korea. TEN distributed a $0.60 per share dividend in July 2025, maintaining its commitment to shareholder returns with over $900 million distributed since 2002.

TEN Ltd. (NYSE:TEN), a leading diversified crude, product and LNG tanker operator, has scheduled its second quarter and six months 2025 earnings release and conference call. The company will announce its financial results for the period ended June 30, 2025, before the New York market opens on Wednesday, September 10, 2025.

A conference call hosted by TEN's senior management will follow at 10:00 a.m. Eastern Time to discuss the results and business outlook. The call will be accompanied by a simultaneous slides and audio webcast accessible through the company's website.

TEN Ltd. (NYSE: TEN), a leading diversified crude, product and LNG tanker operator, has declared its regular quarterly cash dividend for Series E Cumulative Perpetual Preferred Shares (NYSE: TENPRE). The company will distribute a dividend of $0.578125 per share for the period from May 28, 2025, through August 27, 2025.

The dividend payment is scheduled for August 28, 2025, with a record date of August 25, 2025. This marks the 34th dividend payment since the Series E Preferred Shares began trading on the NYSE. Currently, TEN has 4,745,947 Series E Preferred Shares outstanding.

TEN Ltd. (NYSE:TEN), a leading tanker operator, has announced significant fleet modernization initiatives. The company has ordered two eco VLCCs from Hanwha Ocean in South Korea, with deliveries scheduled for 2027 and 2028, and holds an option for an additional unit.

Simultaneously, TEN has sold three 2007-built vessels, including two handysize product tankers and one aframax crude carrier, generating $60 million in free cash and $9 million in capital gains. The company's strategic moves align with its commitment to eco-friendly vessels and portfolio optimization, with its proforma fleet approaching 11 million dwt capacity and securing $3.7 billion in minimum contracted revenues.

TEN Ltd. (NYSE:TEN), a leading diversified crude, product and LNG tanker operator, has declared its regular quarterly cash dividend for Series F Cumulative Redeemable Perpetual Preferred Shares (NYSE: TENPRF). The company will distribute a dividend of $0.59375 per share for the period from April 30, 2025, through July 29, 2025.

The dividend will be paid on July 30, 2025, to shareholders of record as of July 25, 2025. This marks the 28th dividend payment for the Series F Preferred Shares since their NYSE listing. Currently, TEN has 6,747,147 Series F Preferred Shares outstanding.

TEN Ltd., a leading diversified crude, product and LNG tanker operator, successfully held its 32nd Annual General Meeting in Athens on June 12, 2025. All proposed resolutions were approved with at least 94.6% of votes cast. The company, founded in 1993 and public for 32 years, operates a diverse energy fleet of 82 vessels, including twelve DP2 shuttle tankers and multiple vessels under construction. The total fleet capacity is 10.1 million dwt, comprising crude tankers, product tankers, and LNG carriers. The company currently has several vessels under construction, including two scrubber-fitted suezmax vessels, two scrubber-fitted MR product tankers, and five scrubber-fitted LR1 tankers.

TEN Ltd reported strong Q1 2025 financial results with EBITDA of $103 million and net income of $37.7 million ($1.04 EPS). The company achieved revenues of $197.1 million with 97.2% fleet utilization. TEN declared a semi-annual dividend of $0.60 per share, bringing total dividend distributions to over $900 million since its 2002 NYSE listing. The company secured a major contract from Brazil's Transpetro/Petrobras to build nine DP2 Shuttle Tankers, with minimum revenues of $2 billion. Total fleet contracted revenue backlog reached $3.7 billion. TEN is executing a significant 21-vessel eco growth program, with recent deliveries including Dr Irene Tsakos and Athens 04. The company maintains a strong financial position with $350 million in cash reserves and slightly reduced bank debt of $1.7 billion.

TEN Ltd announced the delivery of eco-friendly scrubber-fitted suezmax tanker 'Dr Irene Tsakos' and the naming of sister vessel 'Silia T' from Hyundai Heavy Industries. Both vessels secured long-term charters with European and US energy majors, with Dr Irene Tsakos chartered for 5 years and Silia T for 3 years with extension options up to 9 years. These contracts boost TEN's revenue backlog to $3.7 billion. The company's fleet renewal program, initiated in January 2023, has replaced 14 older vessels with 30 eco-friendly newbuildings and acquisitions, increasing total carrying capacity from 1.2 million dwt to 3.7 million dwt. TEN's proforma fleet now consists of 82 vessels, with 19 under construction scheduled for delivery between Q3 2025 and Q4 2028.