TEN PRESS-RELEASE SEC Filing Analysis

Latest settled — T+5d ⚠ clustered

TEN ▼ -14.53% at T+5d

LONG call ✗ call lost -14.53% · α vs SPY -16.13% · entry $44.47 → $38.01

Next anchor: T+20d in 9d

Currently $38.77 · -12.82% from $44.47 entry

Entry anchored
May 20, 03:59 PM ET
via Databento tick

T+1d

-4.18%

call -4.18% · α -4.63%

$42.61

settled 22d ago

T+5d

-14.53%

call -14.53% · α -16.13%

$38.01

settled 15d ago

T+20d

—

call — · α —

—

in 9d

T+60d

—

call — · α —

—

in 2mo

Price Chart

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Executive Summary

TEN reported Q1 2026 results that significantly beat the consensus EPS estimate of $2.02, with actual EPS of $2.72 (+34.7% surprise). Revenue of $253.0M also exceeded the $216.0M consensus. The company highlighted a 160% YoY net income increase, a 55% EBITDA rise to $154M, and announced a 36% dividend increase to $1.50/share for 2026. The strong operational performance and positive forward commentary on tanker market fundamentals drive a bullish outlook.

Actionable Insight

The strong beat and raised dividend signal accelerating cash flow generation and management confidence. With a $3.5B contracted revenue backlog and favorable tanker market fundamentals (geopolitical dislocations, fleet tightness), TEN is well-positioned. Monitor the newbuilding deliveries and spot market rates for further upside. The stock may gap up on this release.

Key Facts

Q1 2026 EPS of $2.72 vs consensus $2.02 (+34.7% beat)
Q1 2026 revenue of $253.0M vs consensus $216.0M (+17.1% beat)
Net income $89.0M, up 160% YoY from $37.7M
Adjusted EBITDA $154.0M, up 55% YoY from $99.3M
TCE per day $40,960, up 33% YoY from $30,741
Fleet utilization 98.3%, up from 97.2% YoY
Dividend increased 36% to $1.50/share for 2026, highest in 10 years
Contracted revenue backlog exceeds $3.5 billion
Sale of a VLCC generated ~$83M in free cash after debt repayment
22-vessel newbuilding program on schedule, totaling 3 million dwt

Financial Impact

EPS beat consensus by $0.70 (+34.7%), revenue beat by $37.0M (+17.1%). Net income up 136% YoY. Dividend increased 36%.

epsrevenuenet incomeebitdadividendcash flow

Risk Factors

Geopolitical risks: Strait of Hormuz closure, Middle East turmoil could disrupt operations
Tanker market volatility: spot rates could decline if geopolitical tensions ease
Execution risk on large newbuilding program (22 vessels through 2029)
Debt level of $2.14B vs equity $1.95B (leverage ratio ~1.1x)

Market Snapshot

Exchange

NYSE

Sector

Deep Sea Foreign Transportation of Freight

Analyst Consensus

86% bullish (7 analysts)

Documents Analyzed

This report is based on 1 press release from GlobeNewswire.

Document	Accession Number
PRESS-RELEASE Data (Synthetic)	press-3299421

5 reports for TEN

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for TEN — sortable, filterable
	Type				Now
May 21, 2026 23d ago	Press Release BULLISH ★ 7/10	$44.47 $38.01	▼ −14.53%	▼ −16.13%	$38.77 (−12.82%)
May 5, 2026 5w ago	Press Release NEUTRAL ★ 2/10	$44.01 $43.44	▼ −1.30%	▼ −3.28%	$38.77 (−11.91%)
Apr 17, 2026 8w ago	6-K NEUTRAL ★ 3/10	$27.01 $27.39	▲ +1.40%	▲ +0.49%	$38.77 (+43.53%)
Apr 7, 2026 9w ago	Press Release NEUTRAL ★ 5/10	$39.41 $38.82	▼ −1.50%	▼ −5.01%	$38.77 (−1.62%)
Mar 6, 2026 14w ago	Press Release BULLISH ★ 8/10	$34.75 $33.75	▼ −2.88%	▼ −1.35%	$38.77 (+11.57%)

US Market Status

Market Closed — Opens Mon (46h 58m)

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