TEN: Contracted revenues of over 3.7 billion dollars

NYSE-listed shipping institution Tsakos Energy Navigation (TEN), owned by Dr. Nikolaos Tsakos, has posted different 4th of strong profitability, cementing its presumption arsenic 1 of the starring players successful tankers.

With minimal contracted revenues exceeding 3.7 cardinal dollars, TEN has guaranteed nett visibility done 2028, providing credibility to some shareholders and charterers.

In the archetypal fractional of 2025, TEN reported gross revenues of 390.4 cardinal and nett net of 64.5 million, oregon 1.70 dollars per share.

The clip charter complaint (TCE) remained steadfast astatine 30,754 per time per vessel, while fleet utilization reached 96.9%.

In the 2nd quarter, revenues amounted to 193.3 million, with nett net of 26.8 cardinal dollars.

The company’s strategy focuses connected dynamic fleet renewal. It presently has 82 vessels with a total capableness of 11 cardinal dwt, while it has a programme of 21 newbuildings, including three VLCCs precocious ordered successful South Korea, with an enactment for a fourth.

Strong liquidity is different pillar of stability for TEN. At the extremity of June 2025, currency and currency equivalents amounted to 287.2 million, providing the institution with important flexibility to instrumentality its concern programme and conscionable its fiscal obligations.

A dividend of 0.60 dollars per stock was paid successful July 2025, with absorption readying a 2nd organisation successful November.

TEN’s quality to concern caller orders, repay loans and astatine the aforesaid clip instrumentality dividends to shareholders demonstrates its sound superior structure.