Tsakos Energy Navigation Limited (TEN) Q1 2026 Earnings Call Transcript
Tsakos Energy Navigation Limited (TEN) Q1 2026 Earnings Call Transcript
Tsakos Energy Navigation Limited (TEN) Q1 2026 Earnings Call Transcript
Tsakos Energy Navigation NYSE: TEN reported sharply higher first-quarter 2026 results, with executives saying geopolitical disruptions and strong underlying tanker fundamentals drove higher utilization, stronger rates and increased profit-sharing revenue.
160% increase from Q1 2025 – Net income at $89 million ($2.72 p.s. v. $1.04 p.s.
ATHENS, Greece, May 05, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TENPRE).
ATHENS, Greece, May 05, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE:TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, announced that it will report financial results for the first quarter ended March 31, 2026, prior to the open of the market in New York on Thursday, May 21, 2026.
On May 01, 2026, Tsakos Energy Navigation Ltd (TEN) shares rose 4.2% to a current price of $42.40, continuing a strong upward trend with a year-to-date increase
$4.0 billion in minimum fleet revenue-backlog Tanker markets continue at record levels ATHENS, Greece, April 23, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN” or the “Company”) (NYSE: TEN) today announced the employment extension for two DP2 shuttle tankers, in direct continuation of the existing charters which commenced at delivery back in 2013, for up to five years each.
The UP World LNG Shipping Index (UPI) declined 1.78% as easing geopolitical tensions, lower spot rates, and the end of winter pressured LNG shipping equities. Despite the seasonal Q2 slowdown, ongoing supply disruptions and increased geographic diversification are expected to drive longer routes and tanker demand, supporting a positive long-term sector outlook. Key outperformers included Nakilat (+9%), Korea Line Corporation (+29.3%), and New Fortress Energy (+23.16%), while Chevron led declines (-5.24%) amid oil price and geopolitical volatility.
Tsakos Energy Navigation (TEN) remains a strong buy, with a $50 price target and +25% upside. TEN's fleet is expanding from 62 to over 80 vessels, at a time when underlying markets are incredibly strong. Q1+Q2 2026 earnings are projected to $10 per share in total, allowing TEN to generate 25% of its market cap in just six months.
ATHENS, Greece, April 07, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, announced today that it has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (“SEC”).
Tsakos Energy Navigation (NYSE: TEN) is positioned as a long-term partner to major oil companies and is increasingly optimistic about tanker market fundamentals, according to comments made during a fireside chat at a Lytham Partners event. Robert Blum, managing partner at Lytham Partners, moderated the discussion with Mike Kimble, who heads investor relations at Tsakos. Kimble
ATHENS, Greece, April 06, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF).
Tsakos Energy Navigation delivered strong Q4 2025 results, with operating income nearly doubling to $81M and EPS of $1.70. TNP's preferred shares remain well-covered, backed by $1.6B in common equity, but face a likely call in July 2028, limiting upside. Common shares are positioned to benefit from sector tailwinds, with over $4B in locked-in contract revenue and ongoing fleet optimization.
ATHENS, Greece, March 11, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, announced today that the Founder and CEO, Dr. Nikolas P. Tsakos, will be interviewed on Bloomberg Surveillance by Tom Keene, Alexis Christoforous and Damian Sassower, live today at 9:40 a.m. EST.
Nikolas Tsakos, CEO and founder of Tsakos Energy Navigation (TEN), talks about how his company is maneuvering mass disruptions in the Strait of Hormuz as the U.S.-Iran War continues. He talks about ways the company communicates with clients amid the disruption and alternatives Tsakos is weighing, including alternate shipping routes.
ATHENS, Greece, March 10, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, announced today that the Founder and CEO, Dr. Nikolas P. Tsakos, will be interviewed on the Watch List by Nicole Petallides, Lead Anchor at the Schwab Network, live today at 9:30 a.m. EST.
Tsakos Energy Navigation Limited (TEN) Q4 2025 Earnings Call Transcript
200% Q-O-Q increase in net income to $58 million in Q4 2025 $800 million of gross revenues and $161 million of net income for 2025 ($4.45 per share) $416 million in adj. EBITDA in 2025 TEN benefitting from historical high tanker rates.
ATHENS, Greece, Feb. 18, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE:TEN) (“TEN” or the “Company”) a leading diversified crude, product and LNG tanker operator, announced that it will report financial results for the fourth quarter and year ended on December 31, 2025, prior to the open of the market in New York on Friday, March 6, 2026.
ATHENS, Greece, Feb. 05, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TENPRE).