Tsakos Energy Navigation Limited (TNP) |
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Price: $25.2200
$0.95
3.914%
|
Day's High:
| $25.3
| Week Perf:
| 5.35 %
|
Day's Low: |
$ 24.11 |
30 Day Perf: |
1.9 % |
Volume (M): |
339 |
52 Wk High: |
$ 25.36 |
Volume (M$): |
$ 8,550 |
52 Wk Avg: |
$20.51 |
Open: |
$24.38 |
52 Wk Low: |
$15.50 |
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Market Capitalization (Millions $) |
711 |
Shares
Outstanding (Millions) |
28 |
Employees |
1 |
Revenues (TTM) (Millions $) |
860 |
Net Income (TTM) (Millions $) |
208 |
Cash Flow (TTM) (Millions $) |
182 |
Capital Exp. (TTM) (Millions $) |
32 |
Tsakos Energy Navigation Limited
Tsakos Energy Navigation Limited is a leading provider of international seaborne
crude oil and petroleum product transportation services. In 2007, it also started
to transport liquefied natural gas. It was incorporated in 1993 as an exempted
company under the laws of Bermuda under the name Maritime Investment Fund Limited.
In 1996, Maritime Investment Fund Limited was renamed MIF Limited. Our common
shares were listed in 1993 on the Oslo Stock Exchange (OSE) and the Bermuda
Stock Exchange, although we de-listed from the OSE in March 2005 due to limited
trading. The Company’s shares are no longer actively traded on the Bermuda
exchange. In July 2001, the Company’s name was changed to Tsakos Energy
Navigation Limited to enhance our brand recognition in the tanker industry,
particularly among charterers. In March 2002, we completed an initial public
offering of our common shares in the United States and our common shares began
trading on the New York Stock Exchange under the ticker symbol “TNP.”
Since incorporation, the Company has owned and operated 79 vessels and has sold
28 vessels (of which three had been chartered back and eventually repurchased
at the end of their charters. All three have since been sold again).
Tsakos Energy Navigation Limited is a leading provider of international seaborne
petroleum product and crude oil transportation services and, as of April 8,
2015, operated a fleet of 47 modern crude oil and petroleum product tankers
that provide world-wide marine transportation services for national, major and
other independent oil companies and refiners under long, medium and short-term
charters. Our fleet also includes one 2007-built LNG carrier and two 2013-built
shuttle suezmax tankers with advanced dynamic positioning technology (DP2),
bringing our total operating fleet to 50 vessels. We have also under construction
a 174,000 cbm LNG carrier with expected delivery in 2016, nine crude aframaxes
with expected deliveries in 2016 and 2017, two LR1 product carriers with expected
deliveries in 2016 and one shuttle suezmax tanker with expected delivery in
2017. The resulting fleet (assuming no further sales or acquisitions) would
comprise 63 vessels representing approximately 6.5 million dwt.
We believe that we have established a reputation as a safe, high quality, cost
efficient operator of modern and well-maintained tankers. We also believe that
these attributes, together with our strategy of proactively working towards
meeting our customers’ chartering needs, has contributed to our ability
to attract world-class energy producers as customers and to our success in obtaining
charter renewals generating strong fleet utilization.
Our fleet is managed by Tsakos Energy Management, an affiliate company owned
by our chief executive officer. Tsakos Energy Management provides us with strategic
advisory, financial, accounting and administrative services, while subcontracting
the commercial management of our business to Tsakos Shipping. In its capacity
as commercial manager, Tsakos Shipping manages vessel purchases and sales and
identifies and negotiates charter opportunities for our fleet. Until June 30,
2010, Tsakos Shipping also provided technical and operational management for
the majority of our vessels.
Tsakos Energy Management subcontracts the technical and operational management
of our fleet to TCM. TCM was formed in February 2010 by Tsakos family interests
and a German private company, the owner of the ship management company Columbia
Shipmanagement Ltd., or CSM, as a joint-venture ship management company on an
equal partnership basis to provide technical and operational management services
to owners of vessels, primarily within the Greece-based market. TCM, which formally
commenced operations on July 1, 2010, now manages the technical and operational
activities of all of our vessels apart from the LNG carrier Neo Energy, the
VLCC Millennium and the Suezmax tanker Eurochampion 2004, which are technically
managed by a non-affiliated ship manager. TCM is based in Athens, Greece. TCM
and CSM cooperate in the purchase of certain supplies and services on a combined
basis. By leveraging the purchasing power of CSM, which currently provides full
technical management services for 190 vessels and crewing services for an additional
129 vessels, we believe TCM is able to procure services and supplies at lower
prices than Tsakos Shipping could alone, thereby reducing overall operating
expenses for us. In its capacity as technical manager, TCM manages our day-to-day
vessel operations, including provision of supplies, maintenance and repair,
and crewing. Members of the Tsakos family are involved in the decision-making
processes of Tsakos Energy Management, Tsakos Shipping and TCM.
Company Address: 367 Syngrou Avenue Athens 175
Company Phone Number: 30210-9407710 Stock Exchange / Ticker: NYSE TNP
TNP is expected to report next financial results on April 05, 2024. |
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Customers Net Income fell by |
TNP's Customers Net Profit Margin fell to |
-37.15 % |
4.19 %
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Stock Performances by Major Competitors |
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Dividend
Published Wed, Feb 7 2024 9:05 PM UTC
TEN Ltd., a prominent crude, product, and LNG tanker operator, recently announced the declaration of a regular quarterly cash dividend on its Series E Cumulative Perpetual Preferred Shares. This press release reveals important facts about the company's financial performance and highlights the positive impact it may have on the company's shares. Facts: 1. TE...
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Merger and Acquisition
Published Wed, Jan 31 2024 2:01 PM UTC
Breaking News: Tsakos Energy Navigation Limited Expands Fleet and Rewards Shareholders with Cash Dividend Date In a significant feat for the global maritime industry, Tsakos Energy Navigation Limited (TEN Ltd.) has emerged as a leading provider of maritime energy transportation services, revolutionizing the transportation of crude oil and petroleum products worl...
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Dividend
Published Tue, Jan 9 2024 2:20 PM UTC
In an official press release on January 9, 2024, TEN Ltd. (TEN), a prominent crude, product, and LNG tanker operator, declared its regular quarterly cash dividend for its Series F Cumulative Redeemable Perpetual Preferred Shares (Series F Preferred Shares). The dividend amount is approximately $0.59375 per share. This announcement further strengthens TEN's commitme...
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Dividend
Published Tue, Nov 7 2023 9:05 PM UTC
Introduction In a positive move for shareholders, TEN Ltd., a renowned tanker operator, recently announced the declaration of its regular quarterly cash dividend for its Series E Cumulative Perpetual Preferred Shares. This news comes shortly after the company rewarded its investors with a similar dividend for its Series F Preferred Shares. The consistent payout of d...
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Dividend
Published Thu, Oct 5 2023 8:05 PM UTC
Title of the TEN Ltd. Announces Quarterly Cash Dividend for Series F Preferred Shares
Athens, Greece - October 05, 2023: TEN Ltd. (TEN), a renowned crude, product, and LNG tanker operator, has made a significant announcement today regarding its regular quarterly cash dividend. The company's Board of Directors has declared a dividend of approximately $0.59375 per sh...
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Per Share |
Current |
Earnings (TTM) |
6.01 $ |
Revenues (TTM) |
30.52 $
|
Cash Flow (TTM) |
6.47 $ |
Cash |
10.95 $
|
Book Value |
54.03 $
|
Dividend (TTM) |
1.55 $ |
|
Per Share |
|
Earnings (TTM) |
6.01 $
|
Revenues (TTM) |
30.52 $ |
Cash Flow (TTM) |
6.47 $ |
Cash |
10.95 $
|
Book Value |
54.03 $ |
Dividend (TTM) |
1.55 $ |
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