Tsakos Energy (TNP) q4 2023

Tsakos tends to report later than other shipping companies.

  • Voyage rev of $220.2M
  • Net Income of $33.2M
  • Company declared a semi-annual div of 60c/sh
  • Subsequent to end of q4 2023, company has declared option on newbuild shuttle tanker. The vessel has already secured a 10-yr contract, with an additional 10 possible option years. (Interestingly, TNP provided the data in the case of maximum contract)
  • Company indicates it has $2B of contracted backlog