TEN Tsakos Energy Navigation
Price Chart
Executive Summary
TEN reported Q1 2026 results that significantly beat the consensus EPS estimate of $2.02, with actual EPS of $2.72 (+34.7% surprise). Revenue of $253.0M also exceeded the $216.0M consensus. The company highlighted a 160% YoY net income increase, a 55% EBITDA rise to $154M, and announced a 36% dividend increase to $1.50/share for 2026. The strong operational performance and positive forward commentary on tanker market fundamentals drive a bullish outlook.
Actionable Insight
The strong beat and raised dividend signal accelerating cash flow generation and management confidence. With a $3.5B contracted revenue backlog and favorable tanker market fundamentals (geopolitical dislocations, fleet tightness), TEN is well-positioned. Monitor the newbuilding deliveries and spot market rates for further upside. The stock may gap up on this release.
Key Facts
- Q1 2026 EPS of $2.72 vs consensus $2.02 (+34.7% beat)
- Q1 2026 revenue of $253.0M vs consensus $216.0M (+17.1% beat)
- Net income $89.0M, up 160% YoY from $37.7M
- Adjusted EBITDA $154.0M, up 55% YoY from $99.3M
- TCE per day $40,960, up 33% YoY from $30,741
- Fleet utilization 98.3%, up from 97.2% YoY
- Dividend increased 36% to $1.50/share for 2026, highest in 10 years
- Contracted revenue backlog exceeds $3.5 billion
- Sale of a VLCC generated ~$83M in free cash after debt repayment
- 22-vessel newbuilding program on schedule, totaling 3 million dwt
Financial Impact
EPS beat consensus by $0.70 (+34.7%), revenue beat by $37.0M (+17.1%). Net income up 136% YoY. Dividend increased 36%.
Risk Factors
- Geopolitical risks: Strait of Hormuz closure, Middle East turmoil could disrupt operations
- Tanker market volatility: spot rates could decline if geopolitical tensions ease
- Execution risk on large newbuilding program (22 vessels through 2029)
- Debt level of $2.14B vs equity $1.95B (leverage ratio ~1.1x)
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3299421 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 21, 2026
2d ago
|
Press Release
| $44.15 awaiting T+5 | awaiting T+5 | — | $42.61 (−3.49%) |
|
May 5, 2026
18d ago
|
Press Release
| $44.01 $43.44 | ▼ −1.30% | ▼ −3.28% | $42.61 (−3.18%) |
|
Apr 7, 2026
6w ago
|
Press Release
| $39.41 $38.82 | ▼ −1.50% | ▼ −5.01% | $42.61 (+8.12%) |
|
Mar 6, 2026
11w ago
|
Press Release
| $34.75 $33.75 | ▼ −2.88% | ▼ −1.35% | $42.61 (+22.62%) |
US Market Status
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