Jefferies Remains Bullish Following Tsakos Energy Navigation's (TNP) 4Q

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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 EDT

ATHENS, 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... More

REMINDER - 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 EDT

NEW 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