TSAKOS ENERGY NAVIGATION LTD (TEN) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: April 06, 2026

Risk Assessment Details

Potential Dilution: 266.99% of current shares
Recent Dilution: 0.79% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
30M
Potential Supply
79M
Additional shares possible
Splits
None
Past 2 years

Summary

TEN currently has 29.7M outstanding shares. with significant dilution risk as 79.4M authorized shares could dilute existing holders by 267.0%. The company has minimally diluted shareholders by 0.79% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Apr 06, 2026

20-F filing | 29.7M shares outstanding

30M 79M
Apr 11, 2025

20-F filing | 29.5M shares outstanding

30M 80M
Apr 19, 2024

20-F filing | 29.5M shares outstanding

30M 80M
Aug 04, 2023

F-3 filing: Tsakos Energy Navigation Limited files an F-3 form for a shelf offering of debt securities, warrants, rights, depositary shares, purchase contracts, units, common shares or preferred shares, with an aggregate public offering price of up to $500,000,000; and also for selling shareholders to sell up to 7,736,805 common shares, 181,500 Series E Fixed-to-FloatingRate Cumulative Redeemable Perpetual Preferred Shares and 259,000 Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares.

28M 81M
Apr 06, 2023

20-F filing | 28.2M shares outstanding

28M 73M
Apr 28, 2022

20-F filing | 24.6M shares outstanding

25M 77M
Apr 16, 2021

20-F filing | 18.2M shares outstanding

18M 83M
Jul 31, 2020

F-3 filing: Tsakos Energy Navigation Limited files an F-3 registration statement for the potential offering of various securities, including debt, warrants, rights, depositary shares, purchase contracts, units, common shares, and preferred shares, with an aggregate offering price of up to $500,000,000; additionally, selling shareholders may offer up to 6,325,604 common shares and 948715 preferred shares.

95M 6.3M
Apr 14, 2020

20-F filing | 95.1M shares outstanding

95M 0
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