Company: TEN-PE
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001193125-25-225057
Chunk: 49

Company: TSAKOS ENERGY NAVIGATION LTD
Filing Date: 2025-09-30
Form: 6-K
Chunk 49
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 is used to compute the dilutive effect of shares issued under the Company’s equity incentive plan. The two-class method is used for diluted earnings per share when such is the most dilutive method, considering anti – dilution sequencing as per ASC 260. Potential common shares that have an anti-dilutive effect are excluded from the calculation of diluted earnings per share. For purposes of the treasury stock calculation, weighted non-vested restricted shares of 200,639and 134,078, for the second quarter and the first half of 2025, respectively, are considered common share equivalents but have been excluded from the calculation of diluted earnings per share as their effect is anti-dilutive.

For the first half and the second quarter of 2024, there were no potentially dilutive securities outstanding.

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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)

The following table sets forth the computation of basic and diluted net income per share:

Earnings per Common Share (Table)

| Numerator                                                                              | Three months ended June 30, |       2025 |     |   |       2024 |     | Six months ended June 30, |       2025 |     |   |       2024 |
|:---------------------------------------------------------------------------------------|:----------------------------|-----------:|:----|:--|-----------:|:----|:--------------------------|-----------:|:----|:--|-----------:|
| Net income attributable to Tsakos Energy Navigation Limited                            | $                           |     26,833 |     | $ |     76,386 |     | $                         |     64,544 |     | $ |    130,422 |
| Preferred share dividends Series E                                                     |                             |     -2,744 |     |   |     -2,744 |     |                           |     -5,488 |     |   |     -5,488 |
| Preferred share dividends Series F                                                     |                             |     -4,006 |     |   |     -4,006 |     |                           |     -8,012 |     |   |     -8,012 |
| Undistributed income allocated to non-vested restricted common stock