Tsakos Energy (TNP) report Q3 2023

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)


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)

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