Tsakos Energy Navigation (TNP) Reports In-Line Q2 EPS

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Go back to Tsakos Energy Navigation (TNP) Reports In-Line Q2 EPS

Tsakos Energy Navigation Reports Second Quarter and Six Months 2016 Profits and Declares Next Dividend

September 9, 2016 9:00 AM EDT

ATHENS, GREECE -- (Marketwired) -- 09/09/16 -- Tsakos Energy Navigation Limited (NYSE: TNP)

RECENT HIGHLIGHTS

Net income for the first six months 2016 of $41.8 million ($0.39 per basic and diluted share) Net income in the second quarter 2016 of $16.4 million ($0.15 per basic and diluted share). EBITDA of $110.8 million for the first six months of 2016.EBITDA of $51.3 million for the second quarter 2016. Fleet utilization at 96.4% for Q2 2016 and 1.7% reduction in vessel operating expenses First six months 2016 average time charter equivalent rate per vessel per day at $22,477 Total fleet... More