Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 50

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 50
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 |                             |       -313 |     |   |          — |     |                           |       -513 |     |   |          — |
| Net income attributable to common stockholders of Tsakos Energy Navigation Limited     |                             |     19,770 |     |   |     69,636 |     |                           |     50,531 |     |   |    116,922 |
| Denominator                                                                            |                             |            |     |   |            |     |                           |            |     |   |            |
| Weighted average number of shares basic and diluted                                    |                             | 29,661,103 |     |   | 29,505,603 |     |                           | 29,661,103 |     |   | 29,505,603 |
| Earnings per share attributable to Tsakos Energy Navigation Limited, basic and diluted | $                           |       0.67 |     | $ |       2,36 |     | $                         |       1.70 |     | $ |       3.96 |

12. Commitments and Contingencies

As of June 30, 2025, the Company had nineteen vessels under construction, comprising elevenDP2 shuttle tankers, onesuezmax tanker, twoMR tankers and fiveLR1 tankers.

The total contracted amount remaining to be paid for the nineteen vessels under construction plus the extra costs agreed as of June 30, 2025, was $ 1,812,924. The amount of $ 225,882is due to be paid within the second half of 2025, the amount of $ 385,775in 2026, the amount of $ 487,334in 2027 and the amount of $ 713,933in 2028.

In the ordinary course of the shipping business, various claims and losses may arise from disputes with charterers, agents and other suppliers relating to the operations of the Company ’s vessels. Management believes that all such matters are either adequately covered by insurance or are not expected to have a material adverse effect on the Company ’s results from operations or financial condition.

Charters-out

The future minimum revenues of vessels in operation at June 30, 2025, before reduction for brokerage commissions and assuming no off-hire days, expected to be recognized on non-cancelable time charters are as follows:

Commitments and Contingencies - Minimum Future Charter Revenue (Table)

| Period/ Year                |