Tsakos Energy Navigation Limited (NYSE:TEN) Q4 2024 Earnings Conference Call March 27, 2025 11:00 AM ET Company Participants Nicolas Bornozis - Investor Relations, Capital Link Takis Arapoglou - Chairman of the Board Nikolas Tsakos - Founder & Chief Executive Officer George Saroglou - President & Chief Operating Officer Harrys Kosmatos - Co-Chief Financial Officer Conference Call Participants Poe Fratt - Alliance Global Partners Climent Molins - Value Investor's Edge Operator Good morning to all. Thank you ...

Q4 & YE 2024 Earnings Presentation March 27, 2025 TEN, Ltd. This presentation may contain forward-looking statements that are not based on historical fact, including without limitation, statements containing the words "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions. Because these forward-looking statements involve known and unknown risks and uncertainties, there are important factors that could cause actual results, events or developments to differ mate ...

Dynamic 21 vessel expansion - 36% dwt growth - 82 vessel proforma fleet. Doubling minimum contracted revenues to $4.0 billion Adjusted EBITDA of $400 million and Net income of $176 million for 2024   Annual EPS of $5.03 and $0.42 for the 2024 fourth quarter Nine DP2 shuttle tankers on long-term employment to Brazil's Transpetro with expected contracted revenues of $2.0 billion positioning TEN as one of the largest shuttle tankers owners in the world - Proforma Shuttle fleet of 16 vessels all on fixed employ ...

Expected gross revenues at $2.0 billionTEN to become one of the largest independent Shuttle tanker operators ATHENS, Greece, March 18, 2025 (GLOBE NEWSWIRE) -- TEN, Ltd (NYSE: TEN) (the “Company”) announces the construction of nine DP2 Suezmax Shuttle Tankers with 15-year employment contracts for Petrobras Transporte S.A. (“Transpetro”), Brazil’s largest oil and gas transportation company. The deliveries are scheduled for 2027 and 2028 and TEN intends to build the vessels at Samsung Heavy Industries Co. Ltd ...

ATHENS, Greece, March 14, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. ("TEN") (NYSE:TEN) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the fourth quarter and year ended December 31, 2024, prior to the open of the market in New York on Thursday, March 27, 2025. That same day, at 11:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as the management's outlook for the business. The call, which wil ...

ATHENS, Greece, Feb. 28, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. ("TEN") (NYSE:TEN) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced the passing of former banker and long-standing Chairman of Tsakos Energy Navigation, Mr. D. John Stavropoulos, who died in Athens on Tuesday at the age of 92. Mr. Stavropoulos joined the Tsakos Group after a distinguished 33-year career at The First National Bank of Chicago and its parent, First Chicago Corp., where he held the position ...

ATHENS, Greece, Feb. 05, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TENPRE). The dividend on the Series E Preferred Shares is for the period from the most recent dividend payment date of November 28, 2024 through Fe ...

ATHENS, Greece, Jan. 10, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. ("TEN") (NYSE:TEN) (the "Company"), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares ((the "Series F Preferred Shares", NYSE:TENPRF). The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on Octob ...

ATHENS, Greece, Jan. 10, 2025 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TEN) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of approximately $0.59375 per share for its Series F Cumulative Redeemable Perpetual Preferred Shares (the “Series F Preferred Shares”; NYSE: TENPRF). The dividend on the Series F Preferred Shares is for the period from the most recent dividend payment date on Octo ...

Core Viewpoint - TEN Ltd. has published its third annual 2023 Environmental, Social, and Governance (ESG) Report, highlighting its commitment to sustainability and strategic initiatives aimed at measurable results [1]. ESG Report Highlights - The report introduces the double materiality methodology, assessing both the company's environmental and societal impact and external factors affecting financial performance [1]. - It includes information for participation in the S&P Global Corporate Sustainability Assessment (CSA), a framework utilized by over 13,000 companies globally [1]. - The report received independent assurance for the second consecutive year from the Center for Sustainability and Excellence (CSE) North America [1]. - It aligns with the Global Reporting Initiative (GRI), Sustainability Accounting Standards Board (SASB), and United Nations Sustainable Development Goals [1]. Achievements in ESG Goals - The company reduced its fleet's average carbon intensity by 19.60% compared to 2008 levels through fleet optimization and the introduction of two dual fuel LNG powered vessels [2]. - TEN has set a net zero GHG emissions target by 2050 and is estimating Scope 3 emissions from key supply chain partners [2]. - The company enhanced its decarbonization strategy considering industry emissions compliance under the EU ETS regulation [2]. - TEN participates in the Maritime Anti-Corruption Network (MACN), promoting a corruption-free maritime industry [2]. Company Overview - TEN, founded in 1993, is one of the first public shipping companies, celebrating 31 years as a public entity [3]. - The company's diversified energy fleet consists of 74 vessels, including various types of tankers, totaling 8.9 million deadweight tonnage (dwt) [3].