Tsakos Energy Navigation Key Executives
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Tsakos Energy Navigation Earnings
This section highlights Tsakos Energy Navigation's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q3 | 2024 | 2024-11-26 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-09-11 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-06-20 | $2.02 | $1.05 |
| Read Transcript | Q4 | 2023 | 2024-03-27 | $1.59 | $1.56 |
| Read Transcript | Q3 | 2023 | 2023-11-21 | $0.83 | $0.83 |
| Read Transcript | Q2 | 2023 | 2023-09-07 | $1.60 | $1.65 |
| Read Transcript | Q1 | 2023 | 2023-05-30 | $2.79 | $2.94 |
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. As of April 21, 2022, it operated a fleet of 66 double-hull vessels, comprising of 60 conventional tankers, three LNG carriers, and three suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. Tsakos Energy Navigation Limited was incorporated in 1993 and is based in Athens, Greece.
$18.28
Stock Price
$539.36M
Market Cap
175
Employees
Athens, None
Location
Financial Statements
Access annual & quarterly financial statements for Tsakos Energy Navigation, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $889.57M | $860.40M | $546.12M | $644.13M | $597.45M |
| Cost of Revenue | $518.96M | $573.75M | $544.66M | $483.17M | $456.28M |
| Gross Profit | $370.61M | $286.65M | $1.46M | $160.96M | $141.17M |
| Gross Profit Ratio | 41.70% | 33.32% | 0.30% | 24.99% | 23.63% |
| Research and Development Expenses | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $33.34M | $29.85M | $29.13M | $29.04M | $27.70M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $33.34M | $29.85M | $29.13M | $29.04M | $27.70M |
| Other Expenses | $-176.00K | $366.00K | $-18.00K | $36.00K | $-825.00K |
| Operating Expenses | $33.34M | $29.85M | $29.13M | $29.04M | $27.70M |
| Cost and Expenses | $552.30M | $603.61M | $573.79M | $512.21M | $483.98M |
| Interest Income | $14.58M | $2.00M | $703.00K | $1.07M | $3.69M |
| Interest Expense | $102.59M | $55.45M | $38.41M | $49.62M | $68.96M |
| Depreciation and Amortization | $144.24M | $120.19M | $126.82M | $157.12M | $154.20M |
| EBITDA | $555.78M | $409.20M | $34.49M | $218.00M | $240.06M |
| EBITDA Ratio | 54.13% | 43.76% | 17.55% | 39.40% | 40.18% |
| Operating Income | $337.27M | $256.35M | $-31.00M | $96.69M | $85.86M |
| Operating Income Ratio | 37.91% | 29.79% | -5.68% | 15.01% | 14.37% |
| Total Other Income Expenses Net | $-32.18M | $-47.89M | $-119.58M | $-105.50M | $-99.27M |
| Income Before Tax | $305.08M | $208.47M | $-150.58M | $27.22M | $14.01M |
| Income Before Tax Ratio | 34.30% | 24.23% | -27.57% | 4.23% | 2.34% |
| Income Tax Expense | $4.90M | $-4.72M | $39.22M | $52.87M | $67.02M |
| Net Income | $300.18M | $204.23M | $-189.80M | $-25.65M | $-53.01M |
| Net Income Ratio | 33.74% | 23.74% | -34.75% | -3.98% | -8.87% |
| EPS | $9.04 | $6.02 | $-9.66 | $-1.37 | $-2.99 |
| EPS Diluted | $9.04 | $5.97 | $-9.66 | $-1.37 | $-2.99 |
| Weighted Average Shares Outstanding | 29.51M | 27.97M | 19.65M | 18.77M | 17.75M |
| Weighted Average Shares Outstanding Diluted | 29.51M | 28.19M | 19.65M | 18.77M | 17.75M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $201.59M | $220.24M | $186.66M | $221.45M | $261.21M | $270.25M | $223.74M | $216.70M | $149.70M | $139.13M | $131.56M | $136.41M | $139.01M | $131.63M | $142.83M | $190.77M | $178.90M | $175.39M | $131.00M | $144.02M |
| Cost of Revenue | $134.19M | $129.59M | $127.31M | $126.56M | $136.10M | $140.22M | $147.94M | $152.25M | $133.34M | $138.42M | $140.43M | $135.86M | $129.95M | $125.86M | $121.10M | $118.04M | $118.17M | $113.07M | $112.15M | $118.22M |
| Gross Profit | $67.40M | $90.65M | $59.35M | $94.90M | $125.11M | $130.03M | $75.80M | $64.45M | $16.36M | $711.00K | $-8.87M | $556.00K | $9.06M | $5.77M | $21.73M | $72.73M | $60.73M | $62.31M | $18.85M | $25.80M |
| Gross Profit Ratio | 33.40% | 41.20% | 31.80% | 42.90% | 47.90% | 48.10% | 33.90% | 29.70% | 10.90% | 0.50% | -6.70% | 0.40% | 6.50% | 4.38% | 15.21% | 38.12% | 33.95% | 35.53% | 14.39% | 17.91% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $7.33M | $7.50M | $6.34M | $12.34M | $7.16M | $7.62M | $8.06M | $7.38M | $6.79M | $7.20M | $7.46M | $7.63M | $6.84M | $7.18M | $6.59M | $7.67M | $7.60M | $7.32M | $7.14M | $6.80M |
| Selling and Marketing Expenses | $- | $1.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $7.33M | $7.50M | $6.34M | $12.34M | $7.16M | $7.62M | $8.06M | $7.38M | $6.79M | $7.20M | $7.46M | $7.63M | $6.84M | $7.18M | $6.59M | $7.67M | $7.60M | $7.32M | $7.14M | $6.80M |
| Other Expenses | $70.00K | $-150.00K | $154.00K | $-241.00K | $61.00K | $197.00K | $-13.00K | $349.00K | $-167.00K | $65.00K | $110.00K | $-80.00K | $-113.00K | $-341.00K | $-140.00K | $108.00K | $408.00K | $-791.00K | $-3.00K | $-2.00K |
| Operating Expenses | $7.33M | $7.50M | $6.34M | $12.34M | $7.16M | $7.62M | $8.06M | $7.38M | $6.79M | $7.20M | $7.46M | $7.63M | $6.84M | $7.18M | $6.59M | $7.67M | $7.60M | $7.32M | $7.14M | $6.80M |
| Cost and Expenses | $141.51M | $137.09M | $133.65M | $138.89M | $143.26M | $147.84M | $156.00M | $159.63M | $140.13M | $145.61M | $147.90M | $143.49M | $136.79M | $133.04M | $127.69M | $125.71M | $125.77M | $120.39M | $119.29M | $125.02M |
| Interest Income | $3.25M | $4.47M | $3.22M | $4.12M | $2.76M | $1.16M | $429.00K | $226.00K | $190.00K | $201.00K | $175.00K | $200.00K | $127.00K | $533.00K | $28.00K | $120.00K | $391.00K | $456.00K | $690.00K | $1.77M |
| Interest Expense | $25.14M | $29.70M | $24.04M | $25.75M | $24.52M | $26.09M | $15.07M | $10.68M | $3.30M | $15.66M | $8.19M | $7.53M | $7.04M | $-11.34M | $13.48M | $13.52M | $33.59M | $7.97M | $22.13M | $17.84M |
| Depreciation and Amortization | $37.53M | $37.54M | $3.38M | $4.26M | $-78.37M | $-2.84M | $1.16M | $-594.00K | $23.00K | $6.60M | $285.00K | $5.94M | $14.00K | $12.43M | $-112.00K | $34.50M | $-839.00K | $22.22M | $687.00K | $31.67M |
| EBITDA | $117.09M | $98.64M | $56.38M | $86.82M | $120.78M | $119.58M | $68.16M | $56.77M | $9.59M | $-56.54M | $-16.05M | $-6.95M | $2.23M | $-7.71M | $15.03M | $64.31M | $53.93M | $49.60M | $12.40M | $51.31M |
| EBITDA Ratio | 48.42% | 54.80% | 30.21% | 39.20% | 46.24% | 44.25% | 30.46% | 26.20% | 6.41% | -7.35% | -12.20% | -5.10% | 1.61% | -5.86% | 10.52% | 33.71% | 30.14% | 28.28% | 9.46% | 35.63% |
| Operating Income | $60.08M | $83.15M | $53.01M | $82.56M | $199.15M | $122.42M | $67.00M | $57.37M | $9.57M | $-92.85M | $-16.34M | $-12.89M | $2.22M | $-20.14M | $15.14M | $46.93M | $54.77M | $27.38M | $11.71M | $19.00M |
| Operating Income Ratio | 29.80% | 37.75% | 28.40% | 37.28% | 76.24% | 45.30% | 29.95% | 26.47% | 6.39% | -66.74% | -12.42% | -9.45% | 1.60% | -15.30% | 10.60% | 24.60% | 30.61% | 15.61% | 8.94% | 13.19% |
| Total Other Income Expenses Net | $-5.66M | $-49.97M | $-20.67M | $-20.45M | $59.51M | $-19.54M | $-15.39M | $-10.42M | $-3.28M | $-94.75M | $-7.90M | $-13.22M | $-7.03M | $-28.15M | $-13.60M | $-13.65M | $-32.79M | $-41.68M | $-21.45M | $-19.49M |
| Income Before Tax | $54.42M | $33.17M | $32.34M | $62.11M | $177.46M | $102.88M | $52.35M | $46.95M | $6.29M | $-101.24M | $-24.24M | $-20.29M | $-4.81M | $-29.57M | $1.54M | $33.27M | $21.97M | $13.31M | $-9.73M | $-489.00K |
| Income Before Tax Ratio | 26.99% | 15.06% | 17.33% | 28.05% | 67.94% | 38.07% | 23.40% | 21.67% | 4.20% | -72.76% | -18.42% | -14.88% | -3.46% | -22.46% | 1.08% | 17.44% | 12.28% | 7.59% | -7.43% | -0.34% |
| Income Tax Expense | $384.00K | $1.41M | $21.93M | $22.72M | $103.86M | $-4.81M | $577.00K | $460.00K | $750.00K | $-6.60M | $8.78M | $879.00K | $6.93M | $-23.56M | $13.58M | $-19.08M | $35.59M | $-14.84M | $21.24M | $17.04M |
| Net Income | $54.03M | $31.76M | $24.48M | $60.64M | $176.55M | $101.14M | $51.35M | $46.23M | $5.52M | $-101.91M | $-25.01M | $-19.66M | $-4.82M | $-30.12M | $1.42M | $31.48M | $21.22M | $13.12M | $-9.53M | $305.00K |
| Net Income Ratio | 26.80% | 14.42% | 13.11% | 27.38% | 67.59% | 37.42% | 22.95% | 21.33% | 3.69% | -73.25% | -19.01% | -14.41% | -3.47% | -22.88% | 0.99% | 16.50% | 11.86% | 7.48% | -7.27% | 0.21% |
| EPS | $1.60 | $0.85 | $0.83 | $1.65 | $5.69 | $3.17 | $1.79 | $1.63 | $0.22 | $-3.99 | $-1.26 | $-1.05 | $-0.26 | $-1.74 | $0.08 | $1.65 | $1.11 | $0.69 | $-0.53 | $0.02 |
| EPS Diluted | $1.60 | $0.85 | $0.83 | $1.65 | $5.69 | $3.17 | $1.77 | $1.61 | $0.22 | $-3.99 | $-1.26 | $-1.05 | $-0.26 | $-1.65 | $0.08 | $1.65 | $1.02 | $0.69 | $-0.53 | $0.02 |
| Weighted Average Shares Outstanding | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.68M | 28.40M | 25.57M | 25.57M | 19.78M | 18.66M | 18.20M | 17.32M | 18.61M | 19.09M | 19.12M | 18.23M | 17.83M | 17.55M |
| Weighted Average Shares Outstanding Diluted | 29.51M | 29.51M | 29.51M | 29.51M | 29.51M | 29.19M | 28.94M | 28.70M | 25.57M | 25.57M | 19.79M | 18.66M | 18.20M | 18.20M | 18.61M | 19.09M | 20.87M | 19.12M | 17.83M | 17.55M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $376.69M | $304.37M | $117.19M | $160.47M | $184.84M |
| Short Term Investments | $646.00K | $193.00K | $7.00K | $- | $798.00K |
| Cash and Short Term Investments | $376.69M | $304.37M | $117.19M | $160.47M | $184.84M |
| Net Receivables | $51.98M | $87.09M | $57.97M | $46.06M | $60.45M |
| Inventory | $22.51M | $26.22M | $22.92M | $21.81M | $13.03M |
| Other Current Assets | $56.70M | $95.44M | $41.58M | $93.13M | $138.69M |
| Total Current Assets | $507.89M | $513.11M | $239.66M | $321.47M | $397.01M |
| Property Plant Equipment Net | $2.79B | $2.73B | $2.60B | $2.73B | $2.72B |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $28.88M | $23.31M | $24.69M | $27.29M | $13.29M |
| Tax Assets | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $39.76M | $44.37M | $34.30M | $32.26M | $27.65M |
| Total Non-Current Assets | $2.86B | $2.80B | $2.66B | $2.79B | $2.76B |
| Other Assets | $- | $- | $- | $- | $- |
| Total Assets | $3.36B | $3.31B | $2.89B | $3.11B | $3.15B |
| Account Payables | $40.21M | $48.16M | $74.91M | $55.29M | $36.61M |
| Short Term Debt | $214.07M | $250.82M | $202.69M | $253.40M | $243.05M |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $31.90M | $26.05M | $9.02M | $12.62M | $12.07M |
| Other Current Liabilities | $37.02M | $44.67M | $45.48M | $60.72M | $62.48M |
| Total Current Liabilities | $323.20M | $369.69M | $332.10M | $382.04M | $354.20M |
| Long Term Debt | $1.39B | $1.42B | $1.26B | $1.31B | $1.31B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $524.00K | $5.00K | $11.85M | $34.35M | $14.91M |
| Total Non-Current Liabilities | $1.39B | $1.42B | $1.27B | $1.35B | $1.33B |
| Other Liabilities | $- | $- | $- | $- | $- |
| Total Liabilities | $1.71B | $1.79B | $1.60B | $1.73B | $1.68B |
| Preferred Stock | $11.49M | $15.01M | $15.46M | $16.64M | $18.65M |
| Common Stock | $150.92M | $150.92M | $126.22M | $95.97M | $95.08M |
| Retained Earnings | $548.24M | $311.73M | $149.50M | $338.80M | $364.00M |
| Accumulated Other Comprehensive Income Loss | $2.48M | $7.67M | $-17.18M | $-36.99M | $-18.35M |
| Other Total Stockholders Equity | $905.42M | $986.58M | $966.79M | $939.26M | $992.02M |
| Total Stockholders Equity | $1.62B | $1.47B | $1.24B | $1.35B | $1.45B |
| Total Equity | $1.65B | $1.52B | $1.29B | $1.38B | $1.47B |
| Total Liabilities and Stockholders Equity | $3.36B | $3.31B | $2.89B | $3.11B | $3.15B |
| Minority Interest | $34.09M | $51.02M | $50.99M | $28.14M | $20.92M |
| Total Liabilities and Total Equity | $3.36B | $3.31B | $2.89B | $3.11B | $3.15B |
| Total Investments | $28.88M | $23.31M | $24.69M | $27.29M | $798.00K |
| Total Debt | $1.60B | $1.67B | $1.46B | $1.57B | $1.56B |
| Net Debt | $1.23B | $1.36B | $1.34B | $1.41B | $1.37B |
Balance Sheet Charts
| Breakdown | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $343.99M | $376.69M | $393.50M | $529.22M | $475.68M | $304.37M | $201.43M | $161.15M | $142.97M | $117.19M | $115.63M | $128.85M | $126.90M | $160.47M | $236.49M | $244.50M | $220.85M | $184.84M | $177.00M | $182.93M |
| Short Term Investments | $- | $646.00K | $- | $854.00K | $- | $193.00K | $193.00K | $3.96M | $- | $7.00K | $- | $- | $- | $- | $- | $- | $- | $798.00K | $- | $176.00K |
| Cash and Short Term Investments | $343.99M | $376.69M | $393.50M | $529.22M | $475.68M | $304.37M | $201.43M | $161.15M | $142.97M | $117.19M | $115.63M | $128.85M | $126.90M | $160.47M | $236.49M | $244.50M | $220.85M | $184.84M | $177.00M | $182.93M |
| Net Receivables | $- | $51.98M | $- | $44.76M | $- | $87.09M | $78.20M | $78.33M | $- | $57.97M | $- | $48.65M | $- | $46.06M | $- | $61.45M | $- | $60.45M | $- | $52.25M |
| Inventory | $- | $22.51M | $- | $20.99M | $- | $26.22M | $26.22M | $32.95M | $- | $22.92M | $- | $24.72M | $- | $21.81M | $- | $14.87M | $- | $13.03M | $- | $17.46M |
| Other Current Assets | $- | $56.70M | $- | $49.03M | $- | $95.44M | $-104.42M | $52.33M | $290.48M | $41.58M | $280.31M | $34.84M | $279.44M | $93.13M | $290.64M | $61.91M | $- | $138.69M | $- | $125.58M |
| Total Current Assets | $343.99M | $507.89M | $393.50M | $644.00M | $475.68M | $513.11M | $201.43M | $324.76M | $433.44M | $239.66M | $395.93M | $237.06M | $406.34M | $321.47M | $527.13M | $382.73M | $220.85M | $397.01M | $177.00M | $378.23M |
| Property Plant Equipment Net | $2.93B | $2.79B | $2.75B | $2.74B | $2.67B | $2.73B | $2.62B | $2.67B | $2.62B | $2.60B | $2.59B | $2.72B | $2.65B | $2.73B | $2.65B | $2.73B | $2.70B | $2.72B | $2.72B | $2.75B |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $28.88M | $- | $23.62M | $- | $23.31M | $- | $4.53M | $- | $24.69M | $- | $441.00K | $- | $- | $- | $- | $- | $260.00K | $- | $1.00M |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $229.79M | $39.76M | $217.18M | $45.55M | $278.87M | $44.37M | $286.10M | $68.12M | $- | $34.30M | $- | $74.07M | $- | $59.55M | $- | $46.47M | $234.03M | $40.67M | $242.64M | $39.07M |
| Total Non-Current Assets | $3.16B | $2.86B | $2.97B | $2.81B | $2.95B | $2.80B | $2.91B | $2.74B | $2.62B | $2.66B | $2.59B | $2.80B | $2.65B | $2.79B | $2.65B | $2.77B | $2.94B | $2.76B | $2.96B | $2.79B |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $3.50B | $3.36B | $3.36B | $3.45B | $3.42B | $3.31B | $3.11B | $3.06B | $3.05B | $2.89B | $2.99B | $3.04B | $3.06B | $3.11B | $3.18B | $3.16B | $3.16B | $3.15B | $3.14B | $3.16B |
| Account Payables | $- | $40.21M | $- | $44.59M | $- | $48.16M | $- | $71.49M | $- | $74.91M | $- | $64.03M | $- | $55.29M | $- | $33.34M | $- | $36.61M | $- | $35.65M |
| Short Term Debt | $- | $214.07M | $- | $191.36M | $- | $250.82M | $- | $226.34M | $- | $202.69M | $- | $212.79M | $- | $253.40M | $- | $201.94M | $- | $243.05M | $- | $200.51M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $31.90M | $- | $33.37M | $- | $26.05M | $- | $7.08M | $- | $9.02M | $- | $8.34M | $- | $12.62M | $- | $15.02M | $- | $12.07M | $- | $10.99M |
| Other Current Liabilities | $- | $37.02M | $- | $147.56M | $- | $44.67M | $- | $55.49M | $- | $45.48M | $- | $56.49M | $- | $60.72M | $- | $67.05M | $- | $62.48M | $- | $102.37M |
| Total Current Liabilities | $- | $323.20M | $- | $416.88M | $- | $369.69M | $369.69M | $360.39M | $- | $332.10M | $- | $341.65M | $- | $382.04M | $- | $317.35M | $- | $354.20M | $- | $349.50M |
| Long Term Debt | $1.66B | $1.39B | $1.56B | $1.40B | $1.56B | $1.42B | $1.49B | $1.32B | $1.50B | $1.26B | $1.39B | $1.31B | $1.47B | $1.31B | $1.50B | $1.32B | $1.48B | $1.31B | $1.53B | $1.36B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $161.48M | $524.00K | $172.06M | $178.00K | $197.69M | $5.00K | $188.80M | $2.80M | $212.67M | $11.85M | $247.29M | $19.43M | $210.19M | $34.35M | $262.90M | $38.66M | $214.52M | $14.91M | $146.76M | $15.65M |
| Total Non-Current Liabilities | $1.82B | $1.39B | $1.73B | $1.40B | $1.75B | $1.42B | $1.68B | $1.33B | $1.72B | $1.27B | $1.63B | $1.33B | $1.68B | $1.35B | $1.76B | $1.36B | $1.70B | $1.33B | $1.68B | $1.37B |
| Other Liabilities | $1.82B | $- | $- | $- | $- | $- | $-369.69M | $- | $- | $- | $- | $- | $1.68B | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $1.82B | $1.71B | $1.73B | $1.81B | $1.75B | $1.79B | $1.68B | $1.69B | $1.72B | $1.60B | $1.63B | $1.67B | $1.68B | $1.73B | $1.76B | $1.68B | $1.70B | $1.68B | $1.68B | $1.72B |
| Preferred Stock | $- | $11.49M | $- | $11.49M | $- | $15.01M | $15.01M | $15.47M | $- | $15.46M | $- | $15.07M | $- | $16.64M | $- | $18.64M | $- | $18.65M | $- | $16.02M |
| Common Stock | $- | $150.92M | $1.63B | $150.92M | $1.67B | $150.92M | $150.92M | $146.54M | $1.33B | $126.22M | $1.35B | $102.19M | $1.38B | $95.97M | $1.42B | $95.97M | $1.46B | $95.08M | $1.46B | $87.87M |
| Retained Earnings | $- | $548.24M | $- | $510.61M | $- | $311.73M | $311.73M | $181.01M | $- | $149.50M | $- | $294.09M | $- | $338.80M | $- | $390.54M | $- | $364.00M | $- | $383.92M |
| Accumulated Other Comprehensive Income Loss | $- | $2.48M | $- | $5.04M | $- | $7.67M | $-477.65M | $4.00M | $- | $-17.18M | $- | $-26.53M | $- | $-36.99M | $- | $-42.67M | $- | $-18.35M | $- | $-18.15M |
| Other Total Stockholders Equity | $- | $905.42M | $-51.65M | $905.42M | $-51.02M | $986.58M | $1.37B | $980.08M | $-50.99M | $966.79M | $-46.41M | $937.02M | $-28.14M | $939.26M | $-27.47M | $989.53M | $-20.92M | $992.02M | $-20.93M | $952.19M |
| Total Stockholders Equity | $1.68B | $1.62B | $1.58B | $1.58B | $1.62B | $1.47B | $1.37B | $1.33B | $1.28B | $1.24B | $1.31B | $1.32B | $1.35B | $1.35B | $1.39B | $1.45B | $1.44B | $1.45B | $1.44B | $1.42B |
| Total Equity | $1.68B | $1.65B | $1.58B | $1.64B | $1.62B | $1.52B | $1.42B | $1.38B | $1.33B | $1.29B | $1.35B | $1.37B | $1.38B | $1.38B | $1.42B | $1.48B | $1.46B | $1.47B | $1.46B | $1.44B |
| Total Liabilities and Stockholders Equity | $3.50B | $3.36B | $3.31B | $3.45B | $3.37B | $3.31B | $3.11B | $3.06B | $3.05B | $2.89B | $2.99B | $3.04B | $3.06B | $3.11B | $3.18B | $3.16B | $3.16B | $3.15B | $3.14B | $3.16B |
| Minority Interest | $- | $34.09M | $- | $51.65M | $- | $51.02M | $50.87M | $50.87M | $50.99M | $50.99M | $46.41M | $46.41M | $28.14M | $28.14M | $27.47M | $27.47M | $20.92M | $20.92M | $20.93M | $20.93M |
| Total Liabilities and Total Equity | $3.50B | $3.36B | $3.31B | $3.45B | $3.37B | $3.31B | $3.11B | $3.06B | $3.05B | $2.89B | $2.99B | $3.04B | $3.06B | $3.11B | $3.18B | $3.16B | $3.16B | $3.15B | $3.14B | $3.16B |
| Total Investments | $- | $28.88M | $- | $23.62M | $- | $23.31M | $193.00K | $8.49M | $- | $24.69M | $- | $441.00K | $- | $- | $- | $- | $- | $798.00K | $- | $1.18M |
| Total Debt | $1.66B | $1.60B | $1.56B | $1.59B | $1.56B | $1.67B | $1.49B | $1.55B | $1.50B | $1.46B | $1.39B | $1.52B | $1.47B | $1.57B | $1.50B | $1.52B | $1.48B | $1.56B | $1.53B | $1.56B |
| Net Debt | $1.32B | $1.23B | $1.17B | $1.06B | $1.08B | $1.36B | $1.29B | $1.39B | $1.36B | $1.34B | $1.27B | $1.39B | $1.35B | $1.41B | $1.26B | $1.28B | $1.26B | $1.37B | $1.35B | $1.37B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $300.18M | $208.47M | $-150.58M | $27.22M | $14.01M |
| Depreciation and Amortization | $144.24M | $121.58M | $126.82M | $127.28M | $128.78M |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $26.65M | $-43.67M | $4.25M | $8.32M | $12.17M |
| Accounts Receivables | $28.37M | $-35.24M | $-1.33M | $19.66M | $-9.06M |
| Inventory | $3.70M | $-3.30M | $-1.10M | $-8.78M | $7.36M |
| Accounts Payables | $-11.83M | $-27.06M | $23.36M | $14.98M | $2.42M |
| Other Working Capital | $6.41M | $21.93M | $-16.68M | $-17.54M | $11.46M |
| Other Non Cash Items | $-79.75M | $2.16M | $72.62M | $42.59M | $29.39M |
| Net Cash Provided by Operating Activities | $391.33M | $288.53M | $53.11M | $205.42M | $184.35M |
| Investments in Property Plant and Equipment | $-298.38M | $-333.37M | $-61.23M | $-188.24M | $-102.20M |
| Acquisitions Net | $165.94M | $31.55M | $53.22M | $97.63M | $10.00M |
| Purchases of Investments | $-5.00M | $- | $- | $- | $- |
| Sales Maturities of Investments | $-160.94M | $- | $- | $- | $- |
| Other Investing Activities | $160.94M | $31.55M | $53.22M | $-4.00M | $-10.00M |
| Net Cash Used for Investing Activities | $-137.44M | $-301.81M | $-8.00M | $-94.61M | $-102.20M |
| Debt Repayment | $-16.45M | $204.00M | $-129.15M | $-34.76M | $-62.57M |
| Common Stock Issued | $- | $43.84M | $53.48M | $3.46M | $16.55M |
| Common Stock Repurchased | $-108.31M | $-2.50M | $-168.00K | $-59.83M | $-50.00M |
| Dividends Paid | $-61.86M | $-43.71M | $-36.31M | $-46.71M | $-49.31M |
| Other Financing Activities | $-3.95M | $-6.30M | $-1.27M | $1.04M | $6.44M |
| Net Cash Used Provided by Financing Activities | $-186.63M | $195.53M | $-89.68M | $-136.80M | $-104.90M |
| Effect of Forex Changes on Cash | $-376.69M | $- | $- | $- | $- |
| Net Change in Cash | $67.25M | $182.24M | $-44.57M | $-26.00M | $-22.76M |
| Cash at End of Period | $376.69M | $309.44M | $127.20M | $171.77M | $197.77M |
| Cash at Beginning of Period | $309.44M | $127.20M | $171.77M | $197.77M | $220.53M |
| Operating Cash Flow | $391.33M | $288.53M | $53.11M | $205.42M | $184.35M |
| Capital Expenditure | $-298.38M | $-333.37M | $-61.23M | $-188.24M | $-102.20M |
| Free Cash Flow | $92.94M | $-44.84M | $-8.12M | $17.18M | $82.14M |
Cash Flow Charts
| Breakdown | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 | September 30, 2019 | June 30, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $54.03M | $31.76M | $31.23M | $60.64M | $176.55M | $101.14M | $51.35M | $46.23M | $5.52M | $-94.63M | $-25.01M | $-19.66M | $-4.82M | $-30.12M | $1.42M | $31.48M | $21.22M | $13.12M | $-9.53M | $-487.00K |
| Depreciation and Amortization | $37.53M | $37.54M | $36.30M | $35.26M | $35.14M | $37.41M | $35.89M | $34.17M | $33.35M | $36.05M | $36.36M | $- | $- | $- | $- | $- | $- | $- | $- | $31.67M |
| Deferred Income Tax | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $- | $- | $- | $- | $-658.50K | $-658.50K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $10.45M |
| Accounts Receivables | $- | $- | $- | $- | $- | $-4.03M | $-4.03M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $4.36M |
| Inventory | $- | $- | $- | $- | $- | $3.37M | $3.37M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $648.00K |
| Accounts Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Working Capital | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $9.80M |
| Other Non Cash Items | $58.45M | $18.95M | $-22.95M | $47.59M | $-96.68M | $-5.05M | $-4.45M | $-31.12M | $18.76M | $112.54M | $29.62M | $37.82M | $17.25M | $48.35M | $43.68M | $53.15M | $36.23M | $49.86M | $46.30M | $3.73M |
| Net Cash Provided by Operating Activities | $74.96M | $88.25M | $44.57M | $143.50M | $115.01M | $132.84M | $82.14M | $49.27M | $24.28M | $17.91M | $4.62M | $18.16M | $12.43M | $18.24M | $45.10M | $84.63M | $57.45M | $62.98M | $36.77M | $45.37M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $-84.71M | $-84.71M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-12.01M |
| Acquisitions Net | $- | $- | $- | $165.94M | $- | $- | $- | $- | $- | $53.22M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $- | $- | $- | $-215.24M | $- | $-15.49M | $27.25M | $14.04M | $-158.20M | $-26.68M | $-1.89M | $40.56M | $-19.99M | $-24.34M | $-86.38M | $-6.44M | $22.55M | $-41.91M | $-27.45M | $- |
| Net Cash Used for Investing Activities | $-197.02M | $-83.60M | $-90.87M | $-49.30M | $86.32M | $-100.20M | $-57.45M | $14.04M | $-158.20M | $-26.68M | $-1.89M | $40.56M | $-19.99M | $-24.34M | $-86.38M | $-6.44M | $22.55M | $-41.91M | $-27.45M | $-12.01M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-129.15M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-28.39M |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $- | $- | $- | $77.22M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $871.00K |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-168.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $48.59M |
| Dividends Paid | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-14.60M |
| Other Financing Activities | $89.36M | $-21.46M | $-94.30M | $-35.79M | $-35.09M | $75.38M | $4.95M | $-34.48M | $149.68M | $72.44M | $-26.01M | $-46.70M | $-37.31M | $-58.62M | $21.22M | $-42.48M | $-56.92M | $-302.00K | $-24.90M | $9.60M |
| Net Cash Used Provided by Financing Activities | $89.36M | $-21.46M | $-94.30M | $-35.79M | $-35.09M | $75.38M | $4.95M | $-34.48M | $149.68M | $20.34M | $-26.01M | $-46.70M | $-37.31M | $-58.62M | $21.22M | $-42.48M | $-56.92M | $-302.00K | $-24.90M | $-32.52M |
| Effect of Forex Changes on Cash | $- | $- | $-534.09M | $-475.68M | $-309.44M | $-6.88M | $-171.80M | $-142.97M | $- | $- | $-2.73M | $-58.72M | $7.56M | $6.10M | $41.28M | $-78.18M | $-80.00M | $-21.07M | $-9.32M | $- |
| Net Change in Cash | $-32.70M | $-16.81M | $-674.68M | $-417.27M | $-143.20M | $-100.29M | $-142.17M | $-114.14M | $-111.43M | $-104.06M | $-164.92M | $-46.70M | $-37.31M | $-58.62M | $21.22M | $-42.48M | $-56.92M | $-302.00K | $-217.48M | $832.00K |
| Cash at End of Period | $343.99M | $376.69M | $-140.59M | $58.41M | $166.24M | $101.14M | $29.63M | $28.83M | $15.77M | $11.57M | $-26.01M | $-46.70M | $-37.31M | $-58.62M | $21.22M | $-42.48M | $-56.92M | $-302.00K | $-24.90M | $192.59M |
| Cash at Beginning of Period | $376.69M | $393.50M | $534.09M | $475.68M | $309.44M | $201.43M | $171.80M | $142.97M | $127.20M | $115.63M | $138.91M | $- | $- | $- | $- | $- | $- | $- | $192.59M | $191.75M |
| Operating Cash Flow | $74.96M | $88.25M | $44.57M | $143.50M | $115.01M | $132.84M | $82.14M | $49.27M | $24.28M | $17.91M | $4.62M | $18.16M | $12.43M | $18.24M | $45.10M | $84.63M | $57.45M | $62.98M | $36.77M | $45.37M |
| Capital Expenditure | $- | $- | $- | $- | $- | $-84.71M | $-84.71M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-12.01M |
| Free Cash Flow | $74.96M | $88.25M | $44.57M | $143.50M | $115.01M | $48.13M | $-2.57M | $49.27M | $24.28M | $17.91M | $4.62M | $18.16M | $12.43M | $18.24M | $45.10M | $84.63M | $57.45M | $62.98M | $36.77M | $33.35M |
Tsakos Energy Navigation Dividends
Explore Tsakos Energy Navigation's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
9.44%
Dividend Payout Ratio
20.61%
Dividend Paid & Capex Coverage Ratio
1.09x
Tsakos Energy Navigation Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.6 | $0.6 | July 12, 2024 | July 12, 2024 | July 18, 2024 | June 20, 2024 |
| $0.3 | $0.3 | December 13, 2023 | December 14, 2023 | December 20, 2023 | November 21, 2023 |
| $0.4 | $0.4 | October 19, 2023 | October 20, 2023 | October 26, 2023 | September 07, 2023 |
| $0.3 | $0.3 | June 08, 2023 | June 09, 2023 | June 15, 2023 | May 30, 2023 |
| $0.15 | $0.15 | December 13, 2022 | December 14, 2022 | December 20, 2022 | November 22, 2022 |
| $0.1 | $0.1 | July 13, 2022 | July 14, 2022 | July 20, 2022 | June 30, 2022 |
| $0.1 | $0.1 | July 13, 2021 | July 14, 2021 | July 20, 2021 | June 29, 2021 |
| $0.125 | $0.125 | December 15, 2020 | December 16, 2020 | December 22, 2020 | November 23, 2020 |
| $0.075 | $0.375 | June 19, 2020 | June 22, 2020 | June 26, 2020 | June 11, 2020 |
| $0.05 | $0.25 | December 11, 2019 | December 12, 2019 | December 18, 2019 | November 26, 2019 |
| $0.05 | $0.25 | November 29, 2018 | November 30, 2018 | December 06, 2018 | September 07, 2018 |
| $0.05 | $0.25 | August 01, 2018 | August 02, 2018 | August 08, 2018 | June 15, 2018 |
| $0.05 | $0.25 | May 02, 2018 | May 03, 2018 | May 10, 2018 | March 12, 2018 |
| $0.05 | $0.25 | December 20, 2017 | December 21, 2017 | December 29, 2017 | November 30, 2017 |
| $0.05 | $0.25 | November 08, 2017 | November 09, 2017 | November 15, 2017 | September 15, 2017 |
| $0.05 | $0.25 | July 07, 2017 | July 11, 2017 | July 14, 2017 | May 12, 2017 |
| $0.05 | $0.25 | April 21, 2017 | April 25, 2017 | April 28, 2017 | March 20, 2017 |
| $0.05 | $0.25 | December 14, 2016 | December 16, 2016 | December 22, 2016 | November 30, 2016 |
| $0.08 | $0.4 | November 02, 2016 | November 04, 2016 | November 10, 2016 | September 09, 2016 |
| $0.08 | $0.4 | August 01, 2016 | August 03, 2016 | August 10, 2016 | May 31, 2016 |
Tsakos Energy Navigation News
Read the latest news about Tsakos Energy Navigation, including recent articles, headlines, and updates.
The 9.0%-Yielding Preferred Stock Of Tsakos Energy Navigation Is Highly Attractive Under Current Conditions
I maintain a "hold" rating on Tsakos Energy Navigation preferred stock for its 9.0% yield and wide margin of safety amid economic uncertainty. The preferred stock offers a fixed 9.0% yield until May 2027, then a floating yield tied to 3-month Libor, potentially reaching 11.7%. Tsakos Energy Navigation's preferred dividend is secure, supported by a low payout ratio, consistent common dividends, and reduced debt levels.
Tsakos Energy Navigation: Time To Switch From Preferreds To Common Shares
Tsakos Energy Navigation's robust financials make common shares attractive, with an EPS of $0.67 and potential for $0.17 quarterly EPS increase from reduced G&A expenses. Preferred Series F shares offer a 7.55% yield to call, trading at a 6% premium, but I sold some to capitalize on the strong USD. The common shares are appealing after a 45% price drop since Q2, despite the preferred shares still being a good buy for income investors.
Tsakos Energy Navigation: Stable Operations And High Liquidity Yet Undervalued
Tsakos Energy Navigation maintained stable core operations despite market volatility. Its high liquidity helps it cover its expanding operations, debt payments, and dividends. Its well-diversified fleet data puts it in a strategic position against potential market challenges in FY26.
Tsakos Energy Navigation: A Compelling Purchase At Today's Price
Tsakos Energy Navigation appears undervalued, trading down 45% from its peak, with a low PE ratio. The company has a diverse fleet of 74 ships, including 12 newbuilds, offering balanced exposure to energy/shipping markets. Management actions are very supportive of the company.
Tsakos Energy Navigation: Fleet Renewal And Sound Financials, Rating Upgrade
Tsakos Energy Navigation Limited has significantly improved its fleet, replacing older vessels with newer, scrubber-fitted ships, enhancing its fleet age profile and technical specifications. TEN reported strong Q3 2024 financials with increased revenue and EBITDA, despite a challenging year for tanker investors. In my opinion, the fundamentals support a long-term bull market for tankers.
The High-Yield Preferred Stock Of Tsakos Energy Navigation Remains Attractive
Tsakos Energy Navigation's preferred stock offers an 8.7% yield, supported by strong business performance and a resilient history of dividend payments. Despite the shipping industry's cyclicality, Tsakos Energy Navigation's preferred dividends are well-covered. The company has a manageable debt level and promising growth prospects, benefiting from rising oil transportation volumes and favorable market conditions.
Tsakos Energy Navigation: The 7% YTC On Preferred Stock Remains Attractive
Tsakos Energy Navigation's strong financial performance and well-covered preferred dividends make both common and preferred shares appealing investments. The company's asset recycling program and new vessel deliveries enhance its financial stability and growth prospects. With a 7% yield to call, the Series F preferred shares remain an attractive investment, despite potential future rate adjustments.
8.8%-Yielding Preferreds Of Tsakos Energy Navigation Remains Safe, Despite Earnings Decline
Tsakos Energy Navigation preferred stock offers an 8.8% dividend yield, with potential for a higher yield in 2027. Business fundamentals remain positive for the company, with growth expected in earnings per share in 2025 and 2026. Preferred dividends have a wider margin of safety compared to common dividends, with the company showing consistency in dividend payments.
TEN Ltd. NYSE Ticker Change to “TEN” Effective Today
ATHENS, Greece, July 01, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (the “Company”), a leading diversified crude, product, and LNG tanker operator, would like to remind its shareholders and the investing public of the new ticker symbol that comes into effect today. As such, the Company's common shares will immediately transition from “TNP” to “TEN” on the New York Stock Exchange (“NYSE”), where it will continue to be listed under the name “Tsakos Energy Navigation Limited.”
Tsakos Energy Remains Bullish On Geopolitical Trade Disruptions
TEN reported lower Q1-2024 revenues but expects long-term growth due high demand for oil transport. Geopolitical tension in the Black Sea and Red Sea have caused ongoing disruptions in oil transport. The company recently reported Q1-2024 financial results which show that revenues remain elevated due to these disruptions.
TEN, Ltd. Holds its Thirty First Annual General Meeting
ATHENS, Greece, June 21, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading crude, product, and LNG tanker operator, announced today that the Company's General Annual Meeting of Shareholders was duly held in Athens on June 14, 2024 pursuant to a Notice of Annual Meeting of Shareholders dated May 3, 2024 (“the Notice”). At the meeting which was conducted with a quorum of its common shares represented in person or by proxy, all of the resolutions proposed were approved by at least 89,27% or higher of the votes cast.
Tsakos Energy Navigation Limited (TNP) Q1 2024 Earnings Call Transcript
Tsakos Energy Navigation Limited (NYSE:TNP ) Q1 2024 Earnings Call Transcript June 20, 2024 10:00 AM ET Company Participants Nicolas Bornozis - IR Advisor Takis Arapoglou - Chairman Nikolas Tsakos - Founder and CEO George Saroglou - Chief Operating Officer Paul Durham - Chief Financial Officer Conference Call Participants Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to Tsakos Energy Navigation Conference Call on the First Quarter 2024 Financial Results. We have with us today Mr.
TEN, Ltd. Reports Profits for the First Quarter 2024 and Sets Date for First Common Share Semi-Annual Dividend of $0.60
Dividend doubles from amount paid at same time last year Significant fleet renewal - increased sale & purchase and newbuilding activity since beginning of 2024 Green initiative on target - Six Dual-Fuel LNG vessels fully operational New NYSE Ticker Symbol “TEN” effective July 1 st , 2024 Tanker market fundamentals remain solid ATHENS, Greece, June 20, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter ended March 31, 2024. Q1 2024 SUMMARY RESULTS The first quarter of 2024 has been the springboard for TEN's green drive with a series of vessel renewals and future growth initiatives.
TEN Ltd. Announces New NYSE Ticker Symbol “TEN”
ATHENS, Greece, June 14, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (the “Company”), a leading diversified crude, product and LNG tanker operator, is pleased to announce an upcoming change in its ticker symbol. Effective Monday, July 1, 2024, the Company's common shares will transition from “TNP” to “TEN” on the New York Stock Exchange (“NYSE”). The Company will continue to be listed on the NYSE under the name “Tsakos Energy Navigation Limited.”
Are Investors Undervaluing Tsakos Energy Navigation (TNP) Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TEN Ltd. Announces Completion of Viken Fleet Acquisition and Sale of Aframax Tanker and LNG Carrier
Green-growth initiative program in progress Fleet acquisition to generate in excess of $200 million of minimum gross revenues ATHENS, Greece, June 03, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TNP) (the “Company”) announces the completion of the Viken Crude AS acquisition with the delivery of a 2019-built scrubber fitted 1A Ice-Class Aframax tanker. Concurrently the Company has sold a 2008-built Aframax and a 2007-built Steam Turbine LNG carrier to third party interests.
TEN, Ltd. Announces Date of First Quarter 2024 Results, Conference Call and Webcast
ATHENS, Greece, May 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN” or the “Company”) (NYSE: TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the first quarter ended on March 31, 2024 prior to the open of the market in New York on Thursday, June 20, 2024.
Is Tsakos Energy Navigation (TNP) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
TEN Ltd. Announces Delivery of Six Environmentally Friendly Vessels Since the Beginning of 2024
Green-growth initiative program in progress Strong tanker market fundamentals ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TNP) (the “Company”) announces that following the delivery of three vessels since the beginning of 2024, the Dual-Fuel LNG LR2 product tankers “Ithaki DF”, “Chios DF” and “DF Montmartre”, three more vessels have recently joined the fleet and consist of the 2023-built Dual-Fuel LNG LR2 product tanker “DF Mystras”, the 2018-built scrubber fitted 1A Ice Class, Aframax “Alpes”and the 2018-built Super Eco Suezmax, “Poppy S” which was delivered on May 14, 2024. An additional seventh vessel, the 2019-built scrubber fitted 1A Ice Class, Aframax “Aspen”, will be delivered by the end of May upon completion of its special survey currently performed by her present owners.
Dr. Nikolas Tsakos, Founder & CEO of TEN Ltd. Interview on Fox Business Network – Friday, May 17, 2024
ATHENS, Greece, May 16, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) announced today that the Founder and CEO, Dr. Nikolas Tsakos, will be interviewed by Ms. Lauren Simonetti on the Claman Countdown program at the Fox Business Network on Friday, May 17, 2024 between 3.15 p.m. and 3.45 p.m. EST.
Dr. Nikolas Tsakos, Founder & CEO of TEN Ltd. Interview Today Live at NYSE – Schwab Network
ATHENS, Greece, May 14, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) announced today that the Founder and CEO, Dr. Nikolas Tsakos, will be interviewed on the Watch List with Nicole Petallides, Lead Anchor at the Schwab Network, live today at 2:20 pm EST.
TEN Ltd. Announces the Filing of Form 20-F With the SEC
ATHENS, Greece, May 08, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2023, has been filed with the U.S. Securities and Exchange Commission (“SEC”) and can be accessed on its website, www.tenn.gr.
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