Tsakos Energy Navigation Limited

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.

Earnings data Q3 2020

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Tsakos Energy Navigation achieves record earnings, eyes sustainable growth

Tsakos Energy Navigation delivered exceptional financial performance in Q4 2022, with record net income and revenue growth, supported by a robust fleet and high utilization rates.
The company's strengths in cash reserves, revenue stability, and market outlook position it well for future growth and strategic investments.
While facing challenges in maintaining profitability and managing debt, Tsakos Energy Navigation can leverage opportunities in sustainable shipping and market trends for continued success.

Tsakos Energy Navigation marks 30th year with record earnings and strategic growth plans

Tsakos Energy Navigation's Q1 2023 earnings call showcased robust financial results, strategic focus on key segments, and plans for debt reduction and dividend distributions. The company's management expressed confidence in future growth prospects and highlighted investor trust and undervaluation of the stock. Analyst inquiries centered on vessel contracts, LNG market potential, and dividend decisions, providing insights into the company's strategic direction.

Tsakos Energy Navigation excels in Q2 earnings, eyes sustainable growth

Tsakos Energy Navigation's Q2 2023 earnings call highlighted robust financial performance, strategic fleet initiatives, and a commitment to shareholder value. Despite challenges in tanker demand dynamics and operational expenses, the company remains focused on long-term sustainability and growth.

Tsakos Energy Navigation reports robust Q3 earnings and growth prospects

Tsakos Energy Navigation's Q3 2023 earnings call highlighted exceptional financial performance, strategic investments, and a positive market outlook. Despite challenges in trade flows and oil demand, the company's strong financial position, prudent management, and growth opportunities bode well for future success.

Tsakos Energy Navigation (TNP) reports record growth and optimistic outlook

Tsakos Energy Navigation's Q4 2023 earnings call highlighted a successful year marked by financial strength, strategic fleet management, and optimistic outlook for 2024. Despite challenges such as geopolitical risks and market volatility, TEN's proactive approach to debt reduction and growth initiatives positions it well for continued success. The company's focus on operational excellence and seizing market opportunities underscores its resilience and long-term sustainability.

TNP Q1 2024: Dividend Doubled, Fleet Renewal Underway

TNP remains optimistic about future market conditions, underpinned by a strategic fleet renewal and a focus on environmental sustainability. The company's financial health is solid, with substantial cash reserves and a commitment to returning value to shareholders through increased dividends. Management's confidence in maintaining profitability and shareholder value in a dynamic market environment is evident.

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Tsakos Energy (TNP) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.31 per share a year ago.

Tsakos Energy (TNP) Q2 Earnings and Revenues Beat Estimates

Over 350% increase in first half 2023 net income to $237 million $138 million in common stock dividend and preferred redemption so far in 2023 Long-term market fundamentals remain strong New charters secured over $1.5 billion in fleet revenue backlog 10-green vessel newbuilding program on track – Four dual-fuel aframaxes to be delivered from September 2023 to first quarter of 2024 ATHENS, Greece, Sept. 07, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the six months and second quarter ended June 30, 2023.

Ten Ltd. Reports Profits for the Second Quarter and Six Months Ended June 30, 2023 and Declares Total Annual Dividend of $1.00 Per Common Share for 2023

ATHENS, Greece, Aug. 29, 2023 (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 second quarter ended on June 30, 2023, prior to the open of the market in New York on Thursday, September 7, 2023.

TEN, Ltd. Announces Date of Second Quarter 2023 Results, Conference Call and Webcast

Tsakos Energy Navigation is a profitable company heading into a multi-year upcycle. However, its shares trade at 0.35x NAV due to management issues. I believe that a special dividend and/or buyback program may be on the horizon, which will lead the stock to re-rate.

Tsakos Energy Navigation: Call Option On Management

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Tsakos Energy operates sixty-seven oil and liquid gas tankers. The company reported record revenues for Q1-2023. TEN is considering a surprise dividend during 2023.

Tsakos Energy Remains Bullish On Record Q1 Revenues

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Tsakos Energy Navigation is experiencing a period of very strong cash flows thanks to its exposure to Suezmax and Aframax vessels. The company sold a bunch of vessels and generated a gain in excess of $80M. Tsakos is using its profits to fund the construction of newbuilds while it also will retire one series of preferred shares.

Tsakos Energy Navigation: Grab A 9.7% Yield With The Preferred Shares

ATHENS, Greece, June 21, 2023 (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 16, 2023 pursuant to a Notice of Annual Meeting of Shareholders dated May 5, 2023 (“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 88.43% or higher of the votes cast.

TEN, Ltd. Holds its Thirtieth Annual General Meeting

Tsakos Energy Navigation is a tanker firm with a diverse fleet of 66 ships, trading at a low PE ratio of between 2-3. TNP has a strong backlog of $1.6bn and is now using earnings to reduce debt/preferred shares. If you want exposure to the tanker market, TNP offers a cheap entry point to a diversified tanker firm. Strong Buy.

Tsakos Energy Navigation: Excellent Value For Tanker Exposure

Tsakos Energy Navigation Limited (NYSE:TNP ) Q1 2023 Earnings Conference Call May 30, 2023 10:00 AM ET Company Participants Nicolas Bornozis - Investor Relations Advisor Efstratios Arapoglou - Chairman Nikolas Tsakos - President and Chief Executive Officer George Saroglou - Chief Operating Officer Paul Durham - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies LLC 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 2023 Financial Results. We have with us Mr.

Tsakos Energy Navigation Limited (TNP) Q1 2023 Earnings Call Transcript

Tsakos Energy (TNP) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.79 per share. This compares to loss of $0.12 per share a year ago.

Tsakos Energy (TNP) Surpasses Q1 Earnings and Revenue Estimates

$177 million Q1 Net Income - $2.5 billion of Net Income since inception Fivefold increase in EBITDA from Q1 2022 Strong cash reserves support at par redemption of Series D perpetual Preferred Shares 15 new charters increase minimum contracted revenues to $1.6 billion Market fundamentals remain strong ATHENS, Greece, May 30, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter ended March 31, 2023. Q1 2023 SUMMARY RESULTS As TEN celebrates 30 years as a public entity, this quarter's performance highlights the Company's ability to achieve record profits by adapting its employment and investment policy to take advantage of market circumstances.

TEN, Ltd. Celebrates 30-Years as a Public Company and Reports Record Profits for the First Quarter 2023 and Preferred Shares Redemption

ATHENS, Greece, May 30, 2023 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Ltd. (“TEN” or the “Company”) (NYSE: TNP), a leading diversified crude, product and LNG tanker operator, today announced that it has called for redemption all 3,517,061 of its outstanding 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE: TNP-PD) (CUSIP: G9108L140) (the “Series D Preferred Shares”).

TEN Ltd. to Redeem all of its 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares

ATHENS, Greece, May 16, 2023 (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, 2023, prior to the open of the market in New York on Tuesday, May 30, 2023.

TEN, Ltd. Announces Date of First Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, May 08, 2023 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (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 $0.546875 per share for its Series D Cumulative Perpetual Preferred Shares (the “Series D Preferred Shares”; NYSE; TNPPRD) and the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TNPPRE).

TEN Ltd. Declares Dividend on its Series D and Series E Cumulative Perpetual Preferred Shares

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Tsakos Energy Navigation: Favor Their Preferred Shares During An Upcycle.

Tsakos Energy Navigation: Favor Their Preferred Shares During An Upcycle

Tsakos Energy reported $860M revenues. The current oil tanker market dynamics will benefit Tsakos Energy.

Tsakos Energy Navigation: Still Not Time To Jump Ship

Tsakos Energy Navigation Limited (NYSE:TNP ) Q4 2022 Earnings Conference Call March 16, 2023 10:00 AM ET Company Participants Nicolas Bornozis - Investor Relations Takis Arapoglou - Chairman Nikolas Tsakos - President and Chief Executive Officer Paul Durham - Chief Financial Officer George Saroglou - Chief Operating Officer Conference Call Participants Climent Molins - Value Investors Operator Thank you for standing by, ladies and gentlemen and welcome to the Tsakos Energy Navigation Conference Call on the Fourth Quarter 2022 Financial Results. We have with us Mr.

Tsakos Energy Navigation Limited (TNP) Q4 2022 Earnings Call Transcript

Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022)

TEN Ltd. Reports Record Profits for Fourth Quarter and Year-End 2022 and Declares Annual Dividend of $0.60 Per Common Share

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ATHENS, Greece, March 06, 2023 (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 fourth quarter and year ended on December 31, 2022, prior to the open of the market in New York on Thursday, March 16, 2023.

TEN, Ltd. Announces Date of Fourth Quarter and Year end 2022 Financial Results, Conference Call and Webcast

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Oil tanker stocks start 2023 with bang after posting strong Q4 earnings and sales. The post Oil Tankers Continue To Rally; Earnings Take Them To The Top appeared first on Investor's Business Daily.

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