TNP - Earnings announcements

Dividend doubles from amount paid at same time last year Significant fleet renewal - increased sale & purchase and newbuilding activity since beginning of 2024 Green initiative on target - Six Dual-Fuel LNG vessels fully operational New NYSE Ticker Symbol "TEN" effective July 1st, 2024 Tanker market fundamentals remain solid ATHENS, Greece, June 20, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the quarter ended March 31, 2024. Q1 2024 SUMMARY RESULTSThe first quarter of 2024 has been the springboard for TEN's green drive with a series of vessel renewals and future growth initiatives. Dur

ATHENS, Greece, May 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the first quarter ended on March 31, 2024 prior to the open of the market in New York on Thursday, June 20, 2024. That same day, at 10:00 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 will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the call 10 minute

Record annual profits in excess of $300 million – an increase of 60% - EPS of $9.93 EBITDA of $490 million 100% increase of common dividend Dynamic growth and fleet renewal with green ship initiative Market fundamentals remain strong ATHENS. Greece, March 27, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE:TNP) (the "Company") reports results (unaudited) for the fourth quarter and the year ended December 31, 2023. FINANCIAL RESULTS FOR THE YEAR 2023TEN celebrated its 30th year as a public company, with another record year performance. In 2023 it generated $890 million in revenues resulting to a net income of $327 million before impairment charges, a significant increase from last yea

ATHENS, Greece, March 21, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the fourth quarter and year ended on December 31, 2023, prior to the open of the market in New York on Wednesday, March 27, 2024. That same day, at 12:00 p.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 will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into

160% increase in nine-months net income to $272 million equating to $8.19 per share $1.00 per share common stock dividend distributed in 2023 – In excess of $800 million in preferred and common stock dividends since NYSE listing $108.3 million in at-par preferred share redemptions in Q3 2023 generating over $9 million in annual coupon savings Two Green LNG-powered aframax tankers in a series of four, delivered and commenced long-term employment - Remaining eight-vessel newbuilding program on track 26 new charters in first nine-months of 2023 resulting to over $1.4 billion in minimum secured revenue backlog - Current tanker rates and future supply and demand fundamentals remain strong A

ATHENS, Greece, Nov. 07, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the third quarter ended on September 30, 2023, prior to the open of the market in New York on Tuesday, November 21, 2023. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the c

Over 350% increase in first half 2023 net income to $237 million $138 million in common stock dividend and preferred redemption so far in 2023 Long-term market fundamentals remain strong New charters secured over $1.5 billion in fleet revenue backlog 10-green vessel newbuilding program on track – Four dual-fuel aframaxes to be delivered from September 2023 to first quarter of 2024 ATHENS, Greece, Sept. 07, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the six months and second quarter ended June 30, 2023. SIX MONTHS 2023 SUMMARY RESULTSWith tanker markets remaining strong, primarily spurred by favorable supply and demand fu

ATHENS, Greece, Aug. 29, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the second quarter ended on June 30, 2023, prior to the open of the market in New York on Thursday, September 7, 2023. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the call 10

$177 million Q1 Net Income - $2.5 billion of Net Income since inception Fivefold increase in EBITDA from Q1 2022 Strong cash reserves support at par redemption of Series D perpetual Preferred Shares 15 new charters increase minimum contracted revenues to $1.6 billion Market fundamentals remain strong ATHENS, Greece, May 30, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the quarter ended March 31, 2023. Q1 2023 SUMMARY RESULTSAs TEN celebrates 30 years as a public entity, this quarter's performance highlights the Company's ability to achieve record profits by adapting its employment and investment policy to take a

ATHENS, Greece, May 16, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the first quarter ended on March 31, 2023, prior to the open of the market in New York on Tuesday, May 30, 2023. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the call 10 minutes

Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022) 240% increase in annual EBITDA 140% increase in common stock dividend Dynamic fleet renewal - Boosts sale & purchase activity Strong market fundamentals remain - Over $1.2 billion in minimum contracted revenue ATHENS, Greece, March 16, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE:TNP) (the "Company") reports results (unaudited) for the fourth quarter and the year ended December 31, 2022. FINANCIAL RESULTS FOR THE YEAR 2022Positive market fundamentals and the ongoing geopolitical events have maintained a strong market throughout 2022 and have resulted in TEN's fleet generating $860 million o

ATHENS, Greece, March 06, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the fourth quarter and year ended on December 31, 2022, prior to the open of the market in New York on Thursday, March 16, 2023. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into t

600% increase in nine-month operating income Three-fold net income rise to $103 million in first nine months of 2022 50% increase in dividend payment. Total payments of $500 million since 2002 New strategic partnership with major energy company Market fundamentals remain positive ATHENS, Greece, Nov. 22, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the nine months and third quarter ended September 30, 2022. NINE MONTHS 2022 SUMMARY RESULTSIn the first nine months of 2022, TEN's modern and diversified fleet generated gross revenues of $590 million, $183 million higher than the 2021 first nine-months,

ATHENS, Greece, Nov. 11, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the third quarter ended on September 30, 2022, prior to the open of the market in New York on Tuesday, November 22, 2022. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the call

Ninefold increase of net income from Q1 2022 6mo net income of $51.7 million 6mo EBITDA $133.3 million 50% increase in common stock dividend from July 2022 Half a billion dollars distribution since 2002 NYSE listing Long-term market fundamentals remain strong ATHENS, Greece, Sept. 14, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the six months and second quarter ended June 30, 2022. SIX MONTHS 2022 SUMMARY RESULTSAs global oil demand seems to be recovering from the Covid-19 pandemic, the severe and largely unexpected geopolitical events that unfolded in the first quarter of the year, le

ATHENS, Greece, Aug. 31, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the second quarter ended on June 30, 2022, prior to the open of the market in New York on Wednesday, September 14, 2022. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call Details:Participants should dial into the ca

Over 200% increase in Net Income $150 million in revenues – Solid Balance Sheet $500 million of continued dividend payments – Reduced bank debt $1.0 billion in minimum contracted revenues Strong market fundamentals for product, gas and crude vessels ATHENS, Greece, June 30, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the quarter ended March 31, 2022. Q1 2022 SUMMARY RESULTSIn the first quarter of 2022, and after six vessels going through dry-docking for survey or upgrade purposes, TEN generated $150 million in gross revenues and $9.6 million in operating income, the latter more than four times higher than the one in the

ATHENS, Greece, June 17, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the first quarter ended on March 31, 2022, prior to the open of the market in New York on Thursday, June 30, 2022. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call details:Participants should dial into the call 10

$1.0 billion in minimum contracted charter earnings 6% increase in voyage revenues – Positive fundamentals for 2022 Strong balance sheet - Continuous debt reduction Greenship initiative with four Dual-Fuel vessels $500 million in dividend payments since NYSE listing in 2002 ATHENS, Greece, April 14, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE:TNP) (the "Company") reports results (unaudited) for the fourth quarter and the year ended December 31, 2021. FINANCIAL RESULTS FOR THE FOURTH QUARTER OF 2021In the fourth quarter of 2021, TEN incurred a net loss of $14.9 million before taking account of non-cash vessel impairment charges of $86.4 million, as compared to a $10.8

ATHENS, Greece, March 31, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the fourth quarter and year ended on December 31, 2021, prior to the open of the market in New York on Thursday, April 14, 2022. That same morning, at 10:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call details:Participants should dial into t

Positive cash-flow despite weak freight market and increased dry-dockings $500 million in minimum revenues from recent long-term charters New LNG vessel with market-related employment rate to be delivered in January 2022 Initiation of dual-fuel fleet expansion with long-term charters to oil majors Drastic debt and opex reduction Strong product and LNG market recovery ATHENS, Greece, Dec. 16, 2021 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the third quarter and nine months ended September 30, 2021. Q3 2021 SUMMARY RESULTS In what has been described as one of the worst tanker market in 30 years, TEN generated po

ATHENS, Greece, Dec. 09, 2021 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the third quarter ended on September 30, 2021, prior to the open of the market in New York on Thursday, December 16, 2021. That same morning, at 9:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call details:Participants should dial into the call

Initiation of dual-fuel newbuilding program for up to six tankers chartered to a major oil concern Timely completion of four-vessel newbuilding program chartered to a US oil major Half-year revenues of $275 million despite challenging market $87 million further net debt reduction in first six months Total opex decrease irrespective of larger fleet and dry-dockings Strong cash reserves of $140 million ATHENS, Greece, Oct. 07, 2021 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE:TNP) (the "Company") today reported results (unaudited) for the six months and second quarter ended June 30, 2021. SIX MONTHS 2021 SUMMARY RESULTSDuring the first half of 2021 TEN continued its counterc

ATHENS, Greece, Oct. 04, 2021 (GLOBE NEWSWIRE) -- TEN, Ltd. ("TEN" or the "Company") (NYSE:TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the second quarter ended on June 30, 2021, prior to the open of the market in New York on Thursday, October 7, 2021. That same morning, at 11:00 a.m. Eastern Time, TEN will host a conference call to review the results as well as management's outlook for the business. The call, which will be hosted by TEN's senior management, may contain information beyond that which is included in the earnings press release. Conference Call details:Participants should dial into the call 10 mi