Tsakos Energy Navigation (TNP) Tops Q4 EPS by 3c
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Ten Reports Fivefold Increase in Annual Earnings of $1.69p/s and Solid Fourth Quarter Profits of $0.41p/s
March 15, 2016 8:45 AM EDTATHENS, GREECE -- (Marketwired) -- 03/15/16 -- Tsakos Energy Navigation Limited (TEN) (NYSE: TNP)
2015 AND RECENT HIGHLIGHTS
Net income of $158.2 million ($1.69 per share) compared to $33.5 million ($0.32 per share) for 2014, a fivefold increase Net income in the fourth quarter 2015 of $39.6 million ($0.41 per share) compared to $13.5 million ($0.14 per share) in fourth quarter 2014, a threefold increase EBITDA of $292.1 million in 2015 against $179.5 million in 2014, a 63% increase Strong balance sheet -- Historical low Net Debt/Capital at 43.6% -- Current cash liquidity at $305 million Daily time charter equivalent increased by 30.8% to... MoreREMINDER - Tanker Sector Panel Discussions With Major Listed Company Executives at Capital Link's 10th Annual Shipping Forum on Monday, March 21, 2016 -- New York City
March 14, 2016 11:11 AM EDTNEW YORK, NY -- (Marketwired) -- 03/14/16 -- Senior executives from major listed shipping companies involved with the maritime transportation of crude oil and products will participate on panels and presentations at Capital Link's 10th Annual International Shipping Forum to be held in New York City on Monday, March 21, 2016, organized in cooperation with Citi.
The Forum will also feature panel discussions on other shipping sectors, such as dry bulk, containers, LNG and LPG, as well as on other topics of critical significance for the industry, such as bank finance, alternative finance, capital markets, restructuring and private equity. The Forum... More
TransAtlantic Petroleum Announces Delay in Filing Annual Report on Form 10-K and Participation in the 28th Annual Roth Conference
March 11, 2016 5:41 PM ESTHAMILTON, Bermuda, March 11, 2016 (GLOBE NEWSWIRE) -- TransAtlantic Petroleum Ltd. (NYSE-MKT: TAT) (TSX: TNP) (the Company or TransAtlantic) today announces the Companys intent to file a Form 12b-25 to provide an additional fifteen days to file its Annual Report on Form 10-K for the twelve months ended December 31, 2015 (the Form 10-K).
The Company will be unable to file its Form 10-K within the prescribed time period without unreasonable effort and expense. Due to the steep decline in oil prices during 2015, the classification of the Companys Albanian segment as... More
