11/21
Tsakos Energy Navigation (TNP) report their Q3 2023 results
- Revenue of $186.7M
- Net income of $24.5M
- TNP purchased a portion of its preferred shares
- Took delivery of 2 dual-fuel Aframax tankers
- Another div declared - 30c/sh second regular (third for 2023)
http://tenn.irwebpage.com/files/TNP_Q3_2023.pdf
TNP shares took a hit on trading today. That shares took a hit - not a big surprise. Maybe the severity -6.62% seems high for a small revenue miss.
Only own the TNP preferred (TNP-E)