Record High Future Income Commitments
TEN has secured approximately $3.7 billion in future income through long-term charters, ensuring profitability and reduced volatility.
Fleet Expansion and Modernization
TEN is undergoing its largest fleet expansion with 21 new vessels being built, including advanced dual-fuel LNG-powered Aframax tankers.
Strong Financial Performance
TEN reported a net income of $37.7 million for Q1 2025, with an adjusted EBITDA of $99.3 million, close to the previous year's strong performance.
High Dividend Yield
The company declared a semiannual dividend of $0.60 per share, highlighting an 8-9% dividend yield, which is notable in the sector.