Tsakos Energy Navigation Ltd

TEN.PE

Equity

ISIN BMG9108L1578 / Valor 36307341

New York Stock Exchange, Inc (2024-12-24)

USD 25.68-0.94%

Tsakos Energy Navigation Ltd
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About company

Tsakos Energy Navigation Ltd (TEN Ltd.) is a leading shipping company that owns a diverse fleet of modern crude, oil, and product tankers, LNG carriers, and shuttle tankers. Established in 1993, the company has consistently grown its operations and profitability, providing dividends to shareholders since its NYSE IPO in 2002. With a focus on operational efficiency, safety, and compliance with international regulations, TEN Ltd. serves a wide range of clients including state entities, international oil majors, and major oil traders. The company's commitment to safety and quality service is evident through its documented Health, Safety, Quality, Environmental, and Energy management system, as well as its efforts to promote an active safety culture among its personnel.

Summarized from source with an LLMView SourceSector: Consumer Services

Fourth Quarter 2016 Profits

Tsakos Energy Navigation Ltd reported strong financial results for the fourth quarter of 2016. The company achieved significant profits, reflecting its robust operational performance and strategic initiatives.

Revenue Growth

During the fourth quarter of 2016, Tsakos Energy Navigation Ltd experienced notable revenue growth. This increase was driven by higher charter rates and an expanded fleet, contributing to the company's overall financial health.

Dividend Declaration

In line with its commitment to returning value to shareholders, Tsakos Energy Navigation Ltd declared a dividend for the fourth quarter of 2016. This decision underscores the company's confidence in its financial stability and future prospects.

Annual Earnings

For the year ended December 31, 2016, Tsakos Energy Navigation Ltd reported a fivefold increase in annual earnings, amounting to $1.69 per share. This substantial growth highlights the company's successful year and effective management strategies.

Outlook for 2017

Looking ahead, Tsakos Energy Navigation Ltd remains optimistic about its prospects for 2017. The company plans to continue leveraging its strong market position and operational efficiencies to drive further growth and profitability.

Summarized from source with an LLMView Source

Key figures

-0.08%1Y

9.93%3Y

9.09%5Y

Performance

6.47%1Y

8.72%3Y

33.9%5Y

Volatility