Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 45

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 45
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302 (positive) as at June 30, 2025 and December 31, 2024, respectively.The change in fair value amounted to $408 (negative) for the three-month period of 2025 and has been included in the change in fair value of non-hedging financial instruments. The change in the fair values for the first half of 2025 was $449 (negative). During the first half of 2025, the total cash received for those agreements amounted to $73. For the second quarter of 2025, the total cash paid for those agreements amounted to $ 56. ( 408) ( 449)

During the first half of 2024, the Company entered into eight bunker agreements and three other commodities swap agreements, in order to hedge its exposure to bunker price fluctuations associated with the consumption of bunkers by its vessels and the EUAs exposure, respectively with maturity dates between July through December 2024. As at June 30, 2024, the Company held eleven bunker agreements and five EUAs swap. The change in fair value amounted to $497 (negative) for the three-month period of 2024 and has been included in the change in fair value of non-hedging financial instruments. The change in the fair values for the first half of 2024 was $ 621(positive). During the first half of 2024, the total cash received for those agreements amounted to $ 1,119. For the second quarter of 2024, the total cash received for those agreements amounted to $ 521. ( 497)

For the second quarter of 2025 and 2024, the Company has written-off unamortized deferred finance costs of $nil and $ 176, respectively, according to debt extinguishment guidance of ASC 470-50, included in amortization of deferred finance costs in the above table. During the first half of 2025 and 2024, the Company has written-off unamortized deferred finance costs of $nil and $ 176, respectively. 0 0

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TSAKOS ENERGY NAVIGATION LIMITED AND SUBSIDIARIES NOTES TO INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) JUNE 30, 2025 AND 2024 (Expressed in thousands of U.S. Dollars, except for share and per share data, unless otherwise stated)

9. Stockholders' Equity

During