Welcome to our dedicated page for Tsakos Energy news (Ticker: TEN), a resource for investors and traders seeking the latest updates and insights on Tsakos Energy stock.
Tsakos Energy Navigation Ltd (TEN) provides essential seaborne transportation services for crude oil and petroleum products through flexible charter contracts. This news hub offers investors and industry professionals a centralized resource for tracking the company’s latest developments and market position.
Find timely updates on earnings reports, new charter agreements, fleet expansions, and strategic partnerships. Our curated collection ensures access to press releases and analysis covering TEN’s role in global energy logistics, including operational milestones and regulatory compliance achievements.
Key coverage areas: quarterly financial results, long-term contract signings, vessel acquisitions, and industry trend analyses. Bookmark this page to monitor how TEN navigates evolving energy markets through its diversified maritime services.
Rancho, a brand under Tenneco's DRiV group, has expanded its monotube shock product line with the RS7MT, designed for enhanced on- and off-road handling. The RS7MT features a two-inch monotube body, offering superior temperature endurance (-40 to 248°F), and includes a dirt wiper sealing system to combat contamination. Available for select Jeep, Chevrolet, Ford, and Toyota models, each RS7MT shock comes with a Limited Lifetime Warranty. The product will be showcased at SEMA 2021, indicating active involvement in the aftermarket sector.
Rancho Performance Suspension and Shocks is showcasing two custom builds at the 2021 SEMA Show in Las Vegas: a Jeep Wrangler Rubicon and a Ford Bronco. The Wrangler features the new RS7MT shocks and a 3.5-inch Crawler suspension system, tailored for off-road performance. The Bronco build highlights a 3-inch suspension system with RS9000XL struts and incorporates various Rancho rockGEAR products. Both vehicles are designed for extreme off-road capabilities and reflect Rancho's commitment to innovation in suspension systems, enhancing their market presence under Tenneco's DRiV business group.
Tenneco (NYSE: TEN) will release its third quarter 2021 financial results before the market opens on November 5, 2021. A conference call is scheduled for 9:30 a.m. ET on the same day to discuss these results and provide an outlook for the company. Tenneco is a leading automotive product manufacturer with revenues of $15.4 billion in 2020 and employs approximately 73,000 individuals across more than 270 sites globally.
Investors can access the call via a live webcast or telephone, with registration details provided.
On October 6, 2021, Monroe, a brand under Tenneco's (NYSE: TEN) DRiV group, launched a revamped website aimed at improving user experience. The new site features enhanced navigation, easier product searches through a 'Find My Part' tool, and technical resources such as 'Shocks 101' and Tech Tips. Notable updates include a new product section tailored to vehicle specifications and streamlined access to essential information for both consumers and technicians. Monroe's site supports the brand's goal to deliver superior ride control products.
Garage Gurus, part of Tenneco's DRiV group, is sponsoring the inaugural U.S. Auto Tech National Championship, aimed at identifying top automotive technicians. The event will feature in-person qualifying competitions in six U.S. cities, culminating in a final championship in Nashville on December 13-14, 2021. Participants can earn over $200,000 in cash and prizes, with $40,000 awarded to first-place winners in both professional and student categories. This initiative supports skills development for current and future technicians in the automotive aftermarket industry.
Garage Gurus®, part of Tenneco's DRiV group, has announced the winners of its 2021-2022 Automotive Technical Scholarship Program. Twelve students, all pursuing automotive education at accredited institutions, are awarded $2,500 each. This initiative contributes to addressing the shortage of automotive technicians and has committed over $200,000 since its inception in 2015. The program is designed to support the next generation of skilled service professionals, with scholarships awarded based on application reviews by ASE Master-certified technicians.
Tenneco Inc. (NYSE: TEN) has appointed Michelle A. Kumbier, former COO of Harley-Davidson, to its board of directors effective August 10, 2021. Kumbier brings valuable experience in manufacturing, product development, and strategic planning, having spent 23 years at Harley-Davidson. Her leadership and governance skills are expected to enhance Tenneco's strategic direction. Chairman Dennis J. Letham expressed confidence in her ability to contribute positively to shareholder value. Tenneco reported $15.4 billion in revenue for 2020 and operates across various automotive sectors.
Tenneco will participate in the 2021 J.P. Morgan Auto Conference virtually on August 12, 2021, beginning at 9:20 a.m. Eastern. Key executives, including CEO Brian Kesseler, CFO Matti Masanovich, and COO Kevin Baird, will provide a strategic overview and discuss Tenneco's outlook. The live webcast can be accessed via the company's website, with slides available under the Events & Presentations tab. A replay will be accessible until September 12, 2021.
Tenneco (NYSE: TEN) reported a significant revenue increase of 74% year-over-year for Q2 2021, reaching $4.6 billion, with value-add revenue climbing 68% to $3.5 billion. Although the company experienced a net loss of $10 million or $(0.12) per diluted share due to one-time charges from its Accelerate+ program, adjusted net income rose to $69 million or $0.84 per share. Adjusted EBITDA skyrocketed to $356 million, and net debt is projected to fall below $4.2 billion by year-end.
FAQ
What is the current stock price of Tsakos Energy (TEN)?
What is the market cap of Tsakos Energy (TEN)?
