TSAKOS ENERGY NAVIGATION LTD

Tsakos Energy Navigation (TEN) announced its Board of Directors declared a second semi-annual dividend of $1.00 per share for common shareholders. This payment, combined with the first semi-annual dividend of $0.50 in February 2026, brings the total 2026 dividend to $1.50 per share, marking a 36% increase compared to 2025. With this distribution, TEN will have paid over $1 billion in cumulative common and preferred share dividends since its NYSE listing in 2002.

TEN Ltd. announced that its Thirty-Third Annual General Meeting of Shareholders was successfully held on May 27, 2026, with the required quorum. All proposed resolutions were approved by at least 93.8% of the votes cast. Key approvals included the election and re-election of directors, the reception and approval of the 2025 audited financial statements, the appointment of Ernst & Young (Hellas) as auditors for 2026, and the approval of directors' remuneration.

TEN, Ltd. reported strong financial results for the first quarter of 2026, with net income increasing by 160% to $89.0 million, or $2.72 per share, compared to the same period in 2025. Gross revenues rose to $253.0 million and Adjusted EBITDA increased by 55% to $154.0 million. The company also declared a second semi-annual common share dividend of $1.00, bringing the total 2026 dividend to $1.50 per share, a 36% increase and the highest in over 10 years. Operational highlights include a 98.3% fleet utilization, a $40,960 TCE per vessel per day, and a contracted revenue backlog exceeding $3.5 billion, alongside strategic vessel transactions and a newbuilding program on schedule.

Tsakos Energy Navigation (TEN) reported a strong first quarter for 2026, with net income surging 160% to $89.0 million, or $2.72 per share, and adjusted EBITDA increasing 55% to $154.0 million. The company announced a significant dividend increase, with total common dividends for 2026 reaching $1.50 per share, marking a 36% rise from 2025 and the highest in over 10 years. TEN also highlighted its $3.5 billion contracted revenue backlog, ongoing 22-vessel newbuilding program, and recent strategic activities including vessel sales and charter extensions, all supported by solid tanker market fundamentals.

TEN Ltd. announced its Board of Directors declared a regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares. This dividend covers the period from February 28, 2026, through May 27, 2026, and will be paid on May 28, 2026, to shareholders of record as of May 22, 2026. This marks the 37th dividend for these preferred shares, with 4,745,947 Series E Preferred Shares currently outstanding.

Tsakos Energy Navigation Ltd. (TEN) announced it will report its financial results for the first quarter ended March 31, 2026, prior to the market open on Thursday, May 21, 2026. Following the release, the company will host a conference call at 10:00 am Eastern Time to discuss the results and provide a management outlook. Details for participating in the call and accessing the webcast were provided.

TEN Ltd. announced employment extensions for two DP2 shuttle tankers for up to five years each, directly continuing existing charters. These new contracts, set to begin around mid-2028, are projected to generate over $200 million in gross revenues. The company emphasizes its strategy of long-term partnerships with major oil concerns to secure future cash flow growth and shareholder dividends.