TEN Ltd. to report Q2FY26 results on Sep 10; call at 10 am ET

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Reviewed by
Ashish TScanX News Team
Key Highlights
  • TEN Ltd. will report Q2 and H1 FY26 results before market open on September 10, 2026
  • Senior management will host a conference call at 10:00 am ET to discuss results and outlook
  • Live webcast and archived audio will be available via the company’s investor relations page
  • The company operates a diversified energy fleet of 83 vessels totaling approx. 11 million dwt
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Tsakos Energy Navigation Ltd. (NYSE: TEN) will report its financial results for the second quarter and the six months ended June 30, 2026, prior to the market open in New York on Thursday, September 10, 2026.

The Athens-based crude and LNG tanker operator will host a conference call later that day at 10:00 am Eastern Time. Senior management will review the results and provide an outlook for the business. The call may contain information beyond what is included in the earnings press release.

Conference Call Details

Participants can dial into the call 10 minutes before the scheduled time using the following numbers:

  • US Toll-Free: 877-405-1226
  • US and Standard International: +1 201-689-7823

Participants should quote "Tsakos" to the operator and/or use conference ID 13762392. Additional international toll-free access numbers are available on the company's website. Alternatively, participants can register for the "call me" option for a faster connection.

Webcast Access

A live webcast of the conference call and accompanying slides will be available through the company’s website. The audio file will also be archived for later listening. Participants interested in the live webcast should register on the website approximately 10 minutes prior to the start time.

About TEN Ltd.

Founded in Bermuda in 1993, TEN is one of the first and most established public shipping companies in the world. The company is celebrating 33 years as a public entity, with 24 of those years spent listed on the NYSE. Its diversified pro-forma energy fleet currently consists of 83 vessels, totaling approximately 11 million dwt.

How will Tsakos Energy's Q2 2026 earnings reflect the impact of current global crude and LNG supply chain disruptions on tanker freight rates?

What specific capital allocation strategies will management outline for the remainder of 2026, particularly regarding fleet expansion or debt reduction?

Will the company provide updated guidance on vessel utilization rates in light of evolving geopolitical tensions affecting key shipping routes?

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Tsakos Energy Navigation declares $0.578125 dividend on Series E shares

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Reviewed by
Naman SScanX News Team
Key Highlights

Tsakos Energy Navigation Ltd. declared a $0.578125 per share dividend for its Series E Preferred Shares, payable on August 28, 2026. This is the 38th dividend for the series, with a record date of August 25, 2026. The company has 4,745,947 such shares outstanding.

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Tsakos Energy Navigation Ltd. (NYSE: TEN) declared a regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (NYSE: TENPRE). The Board of Directors approved the distribution, which covers the period from May 28, 2026, through August 27, 2026. This declaration reinforces the company’s commitment to returning capital to preferred shareholders, marking the 38th consecutive dividend payment for this series since it began trading on the New York Stock Exchange.

The dividend will be paid on August 28, 2026, to all holders of record of the Series E Preferred Shares as of August 25, 2026. Dividends on these shares are payable quarterly in arrears on the 28th day of February, May, August, and November, provided the date does not fall on a weekend or public holiday. If the 28th falls on a non-business day, the payment date is moved to the next business day.

As of the date of the announcement, Tsakos Energy Navigation has 4,745,947 Series E Preferred Shares outstanding. The company’s pro-forma energy fleet consists of 83 vessels, totaling approximately 11 million dwt. Founded in Bermuda in 1993, Tsakos Energy Navigation is one of the first and most established public shipping companies globally, with 33 years as a public entity and 24 years listed on the NYSE.

Dividend Payment Details

Detail Information
Dividend Amount $0.578125 per share
Record Date August 25, 2026
Payment Date August 28, 2026
Coverage Period May 28, 2026 – August 27, 2026
Shares Outstanding 4,745,947
Dividend Number 38th since trading commencement

The declaration follows the standard schedule for the Series E Preferred Shares, which are cumulative and perpetual. Investors holding the shares on the record date are entitled to receive the full quarterly amount. The company noted that dividends are payable when, as, and if declared by the Board of Directors.

What the Numbers Show

The consistent payment of the 38th dividend highlights the stability of Tsakos Energy Navigation’s capital structure and its ability to service preferred equity obligations despite market volatility in the shipping sector. With nearly 4.75 million shares outstanding, the total quarterly outflow for this specific series is significant, reflecting the scale of the company’s preferred equity base. The adherence to the quarterly schedule—February, May, August, and November—provides predictable income streams for investors, a key feature of cumulative perpetual preferred shares.

How might the current volatility in global shipping rates impact Tsakos Energy Navigation's ability to maintain its dividend schedule for the Series E Preferred Shares in 2027?

Given the company's fleet size of 83 vessels, are there plans for further capital expenditures or acquisitions that could compete with preferred dividend obligations?

How does the yield on TENPRE compare to other energy sector preferred stocks, and is there a risk of increased issuance diluting current holders?

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