TEN Q1 Net Income Soars 160% to $89M, Declares Highest Dividend in a Decade
TEN has more than doubled off its 52-week low of $17.14.
Summary
Tsakos Energy Navigation reported robust Q1 2026 results, with net income surging 160% year-over-year to $89 million ($2.72 EPS) and EBITDA up 55% to $154 million. The company declared a $1.00 semi-annual common share dividend, marking a 36% increase from 2025 and the highest distribution in over a decade, bringing total 2026 dividends to $1.50 per share. This strong performance, driven by solid tanker market fundamentals and increased utilization, contrasts with the decrease in 2025 net income reported in earlier filings. The company also highlighted a $3.5 billion contracted revenue backlog and recent charter extensions expected to generate over $200 million in gross revenues.
At the time of this announcement, TEN was trading at $45.00 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $1.3B. The 52-week trading range was $17.14 to $44.78. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.