TEN

Tsakos Energy Navigation Limited (TEN) Q2 2026 Earnings Call Transcript

Tsakos Energy Navigation NYSE: TEN reported record second-quarter and first-half results for 2026, citing stronger tanker markets, higher profit-sharing income and continued demand for long-term vessel charters.

300% plus increase in six-month net income to $7.12 per share Record revenues of $550 million in first half of 2026 Net income of $4.40 per share in Q2 2026 $3.6 billion in minimum contracted revenue Dynamic growth of 26 vessels under construction, seven of which already delivered $1.50 in common stock dividends paid in 2026 Tanker Market Fundamentals Remain Strong ATHENS, Greece, Sept. 10, 2026 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TEN) (the “Company”) today reported results (unaudited) for the six months and the second quarter ended June 30, 2026.

Dynamic renewal program on schedule 7 of 26 newbuildings successfully delivered & chartered $3.5 billion in future minimum secured revenues ATHENS, Greece, Sept. 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd (NYSE: TEN).

Tsakos Energy Navigation remains undervalued, with a prior target of $50 per share based on strong earnings expectations. TEN's sale of a VLCC for $83 million post-debt strengthens its capital buffer and reflects disciplined capital allocation. TEN continues its diversification strategy, adding a second LNG carrier at $254 million.

ATHENS, Greece, Aug. 20, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”) a leading diversified crude and LNG tanker operator, announced that it will report financial results for the second quarter and six months ended June 30, 2026, prior to the open of the market in New York on Thursday, September 10, 2026.

ATHENS, Greece, Aug. 03, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG 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).

$3.5 billion of minimum contracted revenue from 82 vessel pro-forma fleet 16-shuttle tanker fleet making TEN one of the largest shuttle tanker owners in the world ATHENS, Greece, July 24, 2026 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TEN) today announced the delivery and naming of DP2 suezmax shuttle tanker “Anfield DP” from Samsung Heavy Industries Co., Ltd (“Samsung”) in South Korea, the third in a series of 12 DP2 shuttle tankers under construction at Samsung. The vessel will commence a 10-year employment to a US oil major, with options to extend until the vessel's 20th year anniversary.

ATHENS, Greece, July 02, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG 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).

20-vessel newbuilding program on schedule Shuttle tanker Anfield DP to be delivered in July 2026 in South Korea $3.5 billion in minimum secured revenues ATHENS, Greece, July 01, 2026 (GLOBE NEWSWIRE) -- TEN Ltd. (NYSE: TEN) (“TEN” or the “Company”), a leading diversified tanker and LNG operator, today announced the order of a second LNG carrier at Hyundai Heavy Industries in South Korea, with expected delivery in the first quarter of 2029.