TEN, Ltd. reports Q2 EPS $2.36 vs. $1.65 last year

Reports Q2 revenue $214.1M vs. $221.5M last year. “We are pleased to report another profitable quarter which despite being impacted by various repositioning voyages and three drydockings, allowed TEN to reward its shareholders with a dividend payment 50% higher than the one paid for 2023 operations,” Mr. George Saroglou, President & COO of TEN, commented. “With a fleet continuing to reap the rewards of the solid tanker market and receiving encouraging signs from our clients for attractive long-term business, we remain confident that we will continue to generate healthy cash flows and reward shareholders in order to elevate TEN in the forefront of their investment consideration,” Mr. Saroglou concluded.