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Tsakos Energy Navigation Limited  (TNP)
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Price: $24.5300 $-0.76 -3.005%
Day's High: $25.39 Week Perf: -3.23 %
Day's Low: $ 24.51 30 Day Perf: 1.07 %
Volume (M): 268 52 Wk High: $ 27.20
Volume (M$): $ 6,569 52 Wk Avg: $21.06
Open: $25.29 52 Wk Low: $15.50



 Market Capitalization (Millions $) 691
 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
    Next quarterly dividend pay out on May 01, 2024.


Customers Net Income fell by TNP's Customers Net Profit Margin fell to

-37.15 %

4.19 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
CMRE   -3%    
DAC   -0.42%    
EXPD   -2.46%    
FRO   -5.02%    
NMM   -3.63%    
SBLK        1.73% 
• View Complete Report
   



Dividend

TEN Ltd. Sails Ahead with Quarterly Dividend Declaration on Series F Preferred Shares

Published Mon, Apr 8 2024 8:05 PM UTC

TEN Ltd. Continues to Reward Shareholders with Quarterly Dividend on Series F Preferred Shares
ATHENS, Greece, April 08, 2024 - TEN Ltd. (TEN) (NYSE: TNP), a prominent crude, product, and LNG tanker operator, has once again demonstrated its commitment to rewarding shareholders by declaring a regular quarterly cash dividend of approximately $0.59375 per share for its Seri...

Dividend

TEN Ltd. Declares Dividend on Series E Preferred Shares: Boosting Investor Confidence in the Leading Tanker Operator

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...

Merger and Acquisition

Tsakos Energy Navigation Limited Sets Sail for Success in Global Energy Transportation Sector, Rewards Shareholders with Cash Dividend

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...

Dividend

TEN Ltd. Empowers Shareholders with Consistent Dividends on Series F Preferred Shares.

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...

Dividend

TEN Ltd. Continues Strong Dividend Tradition for Preferred Shareholders

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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