Tsakos Energy Navigation reported strong third quarter results, exceeding market expectations with a robust $4 billion in contracted future revenue and a solid cash position of nearly $300 million.

• Achieved high fleet utilization, leading to sustainable profits amid favorable tanker market conditions.
• Declared an additional dividend of $1 per share, with a total annual yield exceeding 4%.
• Established a backlog of approximately $4 billion in minimum fleet contracted revenue, ensuring revenue stability.
• Record 20 Vessel Newbuilding Program set to commence deliveries in Q1 2026, enhancing fleet modernity and capacity.
• Secured multiple long-term profit-sharing arrangements, providing a robust minimum earnings foundation with potential for upside.