Tsakos Energy Navigation Reports Strong Earnings and Fleet Expansion
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Tsakos Energy Navigation Limited (TEN) reported strong Q3 earnings with a net income of $103 million for the first nine months of 2025. The company announced a $1.00 dividend per share and highlighted its strategic growth and robust financial performance. Key metrics include $577 million in gross revenues, $289 million in adjusted EBITDA, and a 96.2% fleet utilization rate. TEN's strategic initiatives include a 20-vessel newbuilding program and securing long-term contracts. The company remains optimistic about its growth prospects.
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