Tsakos Energy Navigation boosts dividend after tanker profits surge

TEN Ltd. (NYSE: TEN) said it ordered a second LNG carrier from Hyundai Heavy Industries, with delivery expected in Q1 2029. The order brings TEN’s newbuilding program to 20 vessels. TEN’s first newbuild, the Anfield DP (a DP2 shuttle tanker), is due for delivery in late July 2026, tied to at least 10 years of employment to a U.S. oil major with extension options up to 20 years.

Tenaris (NYSE: TEN) shares rose 6.2% after the company began operations at a new Suriname service center in Paramaribo. The 74,500-sq.-meter facility will support TotalEnergies’ GranMorgu offshore project, supplying casing and production tubing; capacity is 15,000 metric tons. The article also notes broader oil-price weakness and TEN’s YTD and 52-week performance.

The article says the IRGC assessed a U.S.-Iran war risk as “low,” which it says contributed to a drop in crude oil prices. Louis Navellier says energy and tanker stocks remain attractive, citing strong forecast sales/earnings and longer routes and Strait of Hormuz bottlenecks. It also notes Elbit Systems Q1 revenue rose 15.5% to $2.189B, beating expectations, and Micron’s UBS price target was raised to $1,625.

Bloomberg reported the US Army plans to buy at least $400 million of AeroVironment counter-drone laser systems, citing a person familiar with the deal. The order would include dozens of LOCUST units that use AI to detect and track small to medium drones and then engage them with a high-energy laser. AeroVironment’s stock rose about 8% on Friday.

Rocket Lab (RKLB) said it won a $397 million U.S. Space Force contract to develop, launch, and operate multiple Flatellites for the SB-AMTI program. Flatellites are slimmer, stackable satellites intended to increase deployments per launch and integrate with Rocket Lab’s Neutron rocket. The article cites analyst forecasts for revenue rising from $602M (2025) to $1.7B (2028).

Diversified Energy (LSE:DEC, NYSE:DEC) said it will shift from acquisition-led growth to drilling its own wells, launching a one-rig operated development programme in Oklahoma in 2H, spending $35m to $50m. It expects drilling to materially affect 2027 production. Q2 adjusted EBITDA fell 14% to $240m; guidance calls for $960m-$1.01b adjusted earnings and ~$440m free cash flow.