Welcome to our dedicated page for Tsakos Energy Navigation Ltd. news (Ticker: TNP), a resource for investors and traders seeking the latest updates and insights on Tsakos Energy Navigation Ltd. stock.
Tsakos Energy Navigation Limited, historically trading on the New York Stock Exchange under the symbol TNP, is a crude, product, and LNG tanker operator active in deep sea freight transportation. Company press releases describe TEN as a diversified energy fleet owner and one of the first and most established public shipping companies in the world. The news flow around TNP and its successor ticker TEN focuses on operational performance, fleet developments, and corporate actions in the maritime energy transportation sector.
On this news page, readers can review company-issued announcements that have been referenced in regulatory and market communications. These include earnings updates, such as reports of quarterly results that detail voyage revenues, operating income, net income, and non-GAAP measures like adjusted EBITDA. TEN also issues news about its dividend decisions, including semi-annual common share dividends and cumulative preferred share distributions, as well as information on its long record of dividend payments since its NYSE listing.
Fleet activity is a recurring theme in TEN’s news. Press releases describe the delivery of dual-fuel LNG LR2 product tankers, the acquisition of modern Aframax and suezmax tankers, and the sale of older Aframax and LNG vessels. The company also reports on its green-growth initiative and green ship initiative, highlighting environmentally focused vessels, scrubber-fitted ships, and a multi-year newbuilding program that includes DP2 shuttle tankers, scrubber-fitted suezmax tankers, MR product tankers, and Panamax LR1 units under construction.
Corporate and capital markets updates also feature prominently. TEN has announced the filing of its Annual Report on Form 20-F, the scheduling of conference calls and webcasts to discuss results and outlook, and a change in its NYSE ticker symbol from TNP to TEN, along with corresponding changes for its preferred share symbols. Investors following TNP-related news can use this page as an archive of company communications that trace the evolution of Tsakos Energy Navigation Limited’s fleet, financial performance, and trading symbol over time.
ATHENS, Greece, March 06, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (NYSE: TNP), a leader in the tanker industry, will report its earnings for Q4 and the full year ended December 31, 2022, on March 16, 2023, before market opening. A conference call will follow at 10:00 a.m. ET to discuss results and management's outlook. The call will be accessible via phone; participants can dial in or register for a call-back option. Additionally, a live webcast with slides will be available on the company's website. TEN has a fleet of 73 double-hull vessels, including LNG carriers, and marks 30 years as a public company.
On February 7, 2023, TEN Ltd. (NYSE: TNP) announced the declaration of a quarterly cash dividend of $0.546875 per share for its Series D Preferred Shares and $0.578125 per share for its Series E Preferred Shares. This dividend covers the period from November 28, 2022, to February 27, 2023, and will be paid on February 28, 2023, to holders of record as of February 23, 2023. The company has 3,517,061 Series D and 4,745,947 Series E Preferred Shares outstanding, marking the 31st and 24th dividend payments since their respective trading commencements on the NYSE.
On January 10, 2023, TEN, a leading diversified crude, product, and LNG tanker operator, announced its participation in Capital Link’s Corporate Presentation Series. The presentation is scheduled for January 12, 2023, at 10:00 AM EST, where senior management will discuss current operations, business development, and the outlook for the tanker sectors. Attendees can register for the webinar and submit questions during the session. Founded in 1993, TEN's fleet includes 73 double-hull vessels, with a total of 8.5 million dwt, marking 30 years as a public company.
ATHENS, Greece, Jan. 03, 2023 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TNP) has declared a quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares. This dividend is for the period from October 30, 2022, to January 29, 2023, and will be paid on January 30, 2023, to holders of record as of January 25, 2023. This marks the 18th dividend declared since the Series F shares commenced trading on the NYSE. TEN currently has 6,747,147 Series F Preferred Shares outstanding.
Ten Ltd. (NYSE:TNP) has released its inaugural 2021 Environmental, Social, and Governance (ESG) Report, highlighting its sustainability strategy in line with the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI). The report reflects the company's commitment to the UN Sustainable Development Goals, aiming to showcase its efforts in promoting sustainable business practices. COO George Saroglou emphasized the company's dedication to fostering positive impacts on the global community as part of its growth strategy.
In the nine months ending September 30, 2022, TEN, Ltd reported significant financial growth with a 600% increase in operating income, reaching $134 million and a net income rise to $103 million or $2.77 per share. Gross revenues hit $590 million, $183 million more than 2021. A 50% increase in dividend payment was announced, totaling $500 million paid since 2002. The company secured a 15-year contract for shuttle tankers, expanding its fleet with new deliveries and emphasizing favorable market fundamentals.
Tsakos Energy Navigation (TNP) announced the acquisition of a 2020 South Korean-built Very Large Crude Carrier (VLCC), to be named 'Dias I.' The purchase was completed after the vessel's previous contract with a major oil company. COO George Saroglou expressed optimism about the current buoyant tanker market, indicating plans to capitalize on favorable employment opportunities for the new vessel. With 65% of their fleet in spot or profit-sharing contracts, TEN aims to leverage the evolving global oil transport landscape.
Tsakos Energy Navigation (TNP) will announce its Q3 earnings on November 22, 2022, prior to the market opening. A conference call will take place at 10:00 a.m. Eastern Time to discuss the results and management's outlook. TEN, a leader in crude, product, and LNG transportation, boasts a fleet of 70 vessels and continues to expand with dual-fuel LNG powered vessels under construction. As the company celebrates 29 years as a public entity, shareholders should tune in to gain insights into its financial performance and future direction.
On November 8, 2022, TEN Ltd. (NYSE: TNP) announced a quarterly cash dividend for its preferred shares. The Board declared a dividend of $0.546875 per share for the Series D Cumulative Perpetual Preferred Shares and $0.578125 per share for the Series E Cumulative Perpetual Preferred Shares. These dividends cover the period from August 28, 2022, to November 27, 2022, with payment scheduled for November 28, 2022, to shareholders of record as of November 22, 2022. This marks the 30th dividend for Series D and the 23rd for Series E since trading began.
On October 6, 2022, TEN Ltd. (NYSE: TNP) announced a quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares. This dividend covers the period from July 30, 2022, to October 29, 2022, and will be paid on October 31, 2022. Holders of record as of October 26, 2022 will receive the payment. This marks the 17th dividend since the Series F began trading. TEN has a total of 6,747,147 Series F Preferred Shares outstanding.