TEN, Ltd. Reports Profits for the First Quarter 2022 and Common Dividend Distribution
Tsakos Energy Navigation Ltd Common Shares (TNP)
Last tsakos energy navigation ltd common shares earnings: 3/24 08:00 am
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tenn.gr
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Source: GlobeNewswire
Over 200% increase in Net Income $150 million in revenues – Solid Balance Sheet $500 million of continued dividend payments – Reduced bank debt $1.0 billion in minimum contracted revenues Strong market fundamentals for product, gas and crude vessels ATHENS, Greece, June 30, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter ended March 31, 2022. Q1 2022 SUMMARY RESULTSIn the first quarter of 2022, and after six vessels going through dry-docking for survey or upgrade purposes, TEN generated $150 million in gross revenues and $9.6 million in operating income, the latter more than four times higher than the one in the 2021 first quarter. A net income of $5.5 million was achieved, approximately a $10 million improvement from the first quarter of 2021, as several of the spot vessels begun to enjoy significantly higher rates since global oil demand rebounded after two years of pandemic lockdowns. Fleet utilizatio
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News
- Tsakos Energy Navigation Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags [Yahoo! Finance]Yahoo! Finance
- TEN Ltd. Announces the Sale of A 2007-Built Aframax Tanker [Yahoo! Finance]Yahoo! Finance
- TEN Ltd. Announces the Sale of A 2007-Built Aframax TankerGlobeNewswire
- Tsakos Energy Navigation Limited (NYSE: TNP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares [Yahoo! Finance]Yahoo! Finance
TNP
Earnings
- 3/27/24 - Miss
TNP
Sec Filings
- 4/19/24 - Form 20-F
- TNP's page on the SEC website