TEN Ltd. Reports Record Profits for Year-End and Fourth Quarter 2023 Results and Dividend of $0.60 per Common Share
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
Record annual profits in excess of $300 million – an increase of 60% - EPS of $9.93 EBITDA of $490 million 100% increase of common dividend Dynamic growth and fleet renewal with green ship initiative Market fundamentals remain strong ATHENS. Greece, March 27, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) reports results (unaudited) for the fourth quarter and the year ended December 31, 2023. FINANCIAL RESULTS FOR THE YEAR 2023TEN celebrated its 30th year as a public company, with another record year performance. In 2023 it generated $890 million in revenues resulting to a net income of $327 million before impairment charges, a significant increase from last year. Adjusted EBITDA for the year reached $490 million, $95 million higher than in 2022, a 24% increase. Average TCE per ship per day for 2023 amounted to $36,822, 21% higher from the 2022 level while vessel utilization climbed to 96.3% in 2023 from 94.7% the prior year. Depreciation and amorti
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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