TEN Q2 Results Show Revenue of $298M and Net Profit of $139.3M
Revenue from profit participation is projected to rise in the second half, with full-year revenue expected to exceed $1 billion. In 2Q26, revenue increased by $105 million year over year to $298 million, and net profit reached $139.3 million, including a $38 million capital gain. Profit participation revenue grew to $71 million in the first semester. TEN’s proforma fleet is 81 vessels and it has a 26-ship construction program, plus the sale of two 2006 Suezmax tankers for $100 million net revenue.