TEN, Ltd. Reports Profits for First Quarter 2026 and Declares Second Semi-Annual Common Share Dividend of $1.00
TEN, Ltd. reported Q1 2026 net income of $89 million, a 160% increase year-over-year, driven by strong tanker market fundamentals and a 55% rise in Adjusted EBITDA to $154 million. The company declared a second semi-annual dividend of $1.00 per share, bringing the 2026 aggregate to $1.50, a 36% increase over 2025 and the highest in over a decade.
Key figures
- Eps
- 2.72
- Revenue
- 253000000
- Guidance
- None explicitly stated in text, but management cites strong market fundamentals and $3.6B contracted revenue backlog.
- Revenue Yoy
- 28.4%
- Ebitda
- 154000000
- Ebitda yoy
- 55%
- Net income
- 89000000
- Cash reserves
- 321400000
- Net income yoy
- 160%
- Operating income
- 110000000
- Fleet utilization
- 98.3%
- Dividend per share
- 1
- Dividend yoy increase
- 36%
- Tce per vessel per day
- 40960
- Contracted revenue backlog
- 3500000000
AI analysis
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