Tsakos Energy Navigation Ltd (TEN) reported robust financial results for the first quarter of 2026, with earnings per share (EPS) reaching $2.72, significantly surpassing the forecast of $1.35.
The company's revenue stood at $253 million, far exceeding the expected $181.97 million. Following the earnings release, TEN's stock rose by 2.02% in pre-market trading, reaching $45 per share.
The shipping company, with a market capitalization of $1.34 billion and trading at a P/E ratio of 10.1, has delivered exceptional returns with a year-to-date gain of over 100%.
Tsakos Energy Navigation has maintained dividend payments for 25 consecutive years, currently offering a 2.27% yield.
