TEN - Tsakos Energy Navigation Limited reported FY 2025 (ended Dec. 31, 2025) net income of USD 161 million (USD 4.45 per share) on gross revenues of nearly USD 800 million, with adjusted EBITDA of USD 416 million and fleet utilization of 96.6%. Operating income for FY 2025 was about USD 252 million, including USD 12.5 million in capital gains from the sale of four older vessels; cash at year-end was USD 298 million and total debt obligations were USD 1.9 billion. For Q4 2025, TEN posted gross revenues of USD 222.1 million (+17.9%) and net income of USD 58.0 million (3.0x), or USD 1.70 per share, with adjusted EBITDA of USD 127.6 million (+49.0%) and utilization of 97.7%; average TCE per vessel per day was USD 36,300 (+20.6%). Subsequent to quarter-end, TEN took delivery of two newbuilding MR product tankers (Delos T and Dion) on Jan. 12 and Feb. 12, 2026, chartered for up to 12 months, signed an agreement to sell the 2016-built VLCC Ulysses with expected delivery to buyers in late May 2026 and expected free cash generation of about USD 82 million, and signed a newbuilding contract for up to two 174,000 cbm LNG carriers with expected delivery in Q3 2028. The company said it had USD 4 billion in minimum contracted revenue and noted it is benefiting from historically high tanker rates, with 22 vessels exposed to spot markets.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TEN - Tsakos Energy Navigation Limited published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202603060850PRIMZONEFULLFEED9667362) on March 06, 2026, and is solely responsible for the information contained therein.