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1. Basis of Presentation The accompanying unaudited interim condensed consolidated financial statements of Tsakos Energy Navigation Limited (the “Holding Company”) and subsidiaries (collectively, the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 6-K and Article 10 of Regulation S-X of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, they do not include all of the footnotes required by U.S. GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the six months ended June 30, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026. The consolidated balance sheet as of December 31, 2025, has been derived from the audited consolidated financial statements included in the Company’s annual report on Form 20-F filed with the SEC on April 6, 2026 (“Annual Report”), but does not include all of the footnotes required by U.S. GAAP for complete financial statements. The Company has determined that it operates in one reportable segment, the worldwide maritime transportation of liquid energy-related products and the assets of such segment are presented under the caption total assets in the accompanying consolidated balance sheets. No change has been performed on the accounting policies applied to the reportable segment, as those presented in the Company’s Annual Report. Significant Accounting Policies A discussion of the Company’s significant accounting policies can be found in Note 1 of the Company’s consolidated financial statements included in the Annual Report. There have been no material changes to these policies in the six-month period ended June 30, 2026, except as disclosed below: New Accounting Pronouncements The Company, following the Accounting Standard Update (“ASU”) No. 2025-05, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets, issued in July 2025, adopted the practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the asset when developing a reasonable and supportable forecast as part of estimating expected credit losses on these assets, effective January 1, 2026. There was no material impact for the Company due to the foregoing ASU’s amendments. In May 2026, the FASB issued ASU 2026-02, “Environmental Credits and Environmental Credit Obligations” (Topic 818). This guidance establishes recognition, measurement, presentation and disclosure requirements for all entities that generate, purchase, or receive environmental credits or have a regulatory compliance obligation that may be settled with environmental credits. This guidance is required to be adopted by the Company in the first quarter of 2028 on a retrospective basis. The Company is currently assessing the impact this standard may have on its consolidated financial statements and related disclosures.

2. Transactions with Related Parties (a) Tsakos Energy Management Limited (the “Management Company”): The Holding Company has a Management Agreement (“Management Agreement”) with the Management Company, a Liberian corporation, to provide overall executive and commercial management of its affairs for a monthly fee, which may be adjusted per the Management Agreement of March 8, 2007, effective from January 1, 2008, in accordance with the terms of the Management Agreement, if both parties agree. The monthly fees include fees which are paid to the technical managers on a monthly basis, including third-party managers for the LNG carriers, Maria Energy, Tenergy, the VLCCs Ulysses, Hercules I, Dias I, the suezmax tankers Decathlon and Popi Sazaklis, the aframax tankers Maria Princess, DF Montmartre, DF Mystras, Alpes and Aspen. On January 1, 2026, monthly fees for operating conventional vessels were $32.5, apart from the LNG carriers, the DP2 suezmax shuttle tankers, the third-party managed vessels, chartered in vessels or chartered out on a bare-boat basis, and for vessels under construction. Monthly fees for third-party managed vessels were $30.4, for the suezmax tanker Decathlon, $30.2 for the VLCCs Ulysses, Hercules I (from March 3, 2026, upon change of technical manager), $49.4 for the LNG carrier Maria Energy, $41.3 for the LNG carrier Tenergy, $32.5 for the aframax tanker Maria Princess, respectively. Monthly fees for VLCC Dias I amounted to $30.2. For the aframax tankers Alpes, Aspen, and the suezmax tanker Popi Sazaklis, monthly fees amounted to $28.7 and $28.5 for the dual fuel LNG aframax tankers DF Montmartre and DF Mystras, respectively. Monthly fees for DP2 suezmax shuttle tankers were $38.5. For chartered in vessels or chartered out on a bare-boat basis and for vessels under construction, monthly fees were $<span id="xdx_90C_ecustom--MonthlyManagementFees_pin3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CharteredInVesselsOrOutOnBareboatBasisAndVesselsUnderConstructionMember_zCjarFZmaGW4">22.5. On January 1, 2025, monthly fees for operating conventional vessels were $31.0 apart from the LNG carriers, the DP2 suezmax shuttle tankers, the third-party managed vessels, chartered in vessels or chartered out on a bare-boat basis, and for vessels under construction. Monthly fees for third-party managed vessels were $29.3, for the suezmax tanker Decathlon, $31.0 for the VLCCs Ulysses, Hercules I, $47.1 for the LNG carrier Maria Energy, $38.8 for the LNG carrier Tenergy, $31.0 for the aframax tanker Maria Princess and $30.0 for the aframax tanker Ise Princess (up to the sale on July 14, 2025), respectively. Monthly fees for VLCC Dias I amounted to $29.2. For the aframax tankers Alpes, Aspen, and the suezmax tanker Popi Sazaklis, monthly fees amounted to $28.7 and $28.4 for the dual fuel LNG aframax tankers DF Montmartre and DF Mystras, respectively. Monthly fees for DP2 suezmax shuttle tankers were $37.2. For chartered in vessels or chartered out on a bare-boat basis and for vessels under construction, monthly fees were $<span id="xdx_90D_ecustom--MonthlyManagementFees_pin3_c20250101__20250630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--CharteredInVesselsOrOutOnBareboatBasisAndVesselsUnderConstructionMember_zzY7mKsezyZ2">21.7. The Management Company, for services rendered, charged $<span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260401__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zoOKQ80RHenf">5,607 for the second quarter of 2026 and $<span id="xdx_906_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250401__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zD1dmWRVEoU8">5,143 for the prior year second quarter. Charges for the first half of 2026 amounted to $<span id="xdx_90D_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zcMCqR2TStX2">14,659 and $<span id="xdx_901_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_ztVzNrfGRMuh">10,217 for the prior year respective period. In addition to the management fee, the Management Agreement provides for an incentive award to the Management Company, which is at the absolute discretion of the Holding Company’s Board of Directors. For the first half of 2026 and 2025, an award of $5,000 and $3,000 respectively, was granted to the Management Company and is included in the general and administrative expenses in the accompanying consolidated statements of comprehensive income. The Holding Company and the Management Company have certain officers and directors in common. The Chief Executive Officer and Director of the Holding Company is also the sole stockholder of the Management Company and the son of the founder of TST (as defined below). The Management Company may unilaterally terminate its Management Agreement with the Holding Company at any time upon one year’s notice. In addition, if even one director is elected to the Holding Company without the recommendation of the existing Board of Directors, the Holding Company would be obligated to pay the Management Company an amount calculated in accordance with the terms of the Management Agreement. Under the terms of the Management Agreement between the Holding Company and the Management Company, the Holding Company may terminate the Management Agreement only under specific circumstances, without the prior approval of the Holding Company’s Board of Directors. Estimated future management fees payable over the next ten years under the Management Agreement, exclusive of any incentive awards and based on existing vessels and known vessels scheduled for future delivery, as at June 30, 2026, are $<span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2026Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zpQd2PXL0Nrk">13,843 for the remainder of 2026, $<span id="xdx_90F_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2027Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_z5ZUb43DiZ0e">27,702 for 2027, $<span id="xdx_908_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2028Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zFrCDlZhk6P6">29,136 for 2028, $<span id="xdx_903_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2029Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zdHY06ZPcSxg">30,114 for 2029, $<span id="xdx_905_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2030Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zd3No0D8wQ5i">30,108 for 2030 and $<span id="xdx_90E_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__srt--StatementScenarioAxis__custom--EstimatedFutureManagementFeesPayableOverTheNextTenYearsMember__us-gaap--RelatedPartyTransactionAxis__custom--EstimatedPayable2031to2035Member__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zZf22q35c5X2">119,521 from 2031 to 2035. Management fees for vessels are included in general and administrative expenses in the accompanying consolidated statements of comprehensive income. Also, under the terms of the Management Agreement, the Management Company provides supervisory services for the construction of new vessels. During the six months ended June 30, 2026, and June 30, 2025, $<span id="xdx_90A_ecustom--ManagementFeesCapitalized_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zjxXZaXbRhXa" title="Supervisory services expenses">2,171 and $<span id="xdx_90C_ecustom--ManagementFeesCapitalized_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosEnergyManagementLimitedMember_zGSdziKQt6e7" title="Supervisory services expenses">2,022, respectively, were charged and accounted for as part of construction costs. For the second quarter of 2026, the amount of $926 was charged, compared to $1,241 in the second quarter of 2025. As of June 30, 2026, the amount due to the Management Company was $130 ($144 at December 31, 2025). (b) Tsakos Shipping and Trading S.A. (“TST”): TST provides technical management to the Company’s vessels. The Management Company, at its own expense, pays technical management fees to TST, and the Company bears and pays directly to TST most of its operating expenses, including repairs and maintenance, provisioning and crewing of the Company’s vessels, as well as certain charges which are capitalized or deferred, including reimbursement of the costs of TST personnel sent overseas to supervise repairs and perform inspections on the Company’s vessels. TST for technical services rendered charged $<span id="xdx_90B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260401__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_zp7suPdDauAg">559 for the second quarter of 2026 and $<span id="xdx_903_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250401__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_z3SntODCpwu7">681 for the prior year second quarter. For the first half of 2026, charges amounted to $<span id="xdx_905_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_zQ8Ap4SrMsd4">1,034 compared to $<span id="xdx_900_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_z4Yy92wMzts5">1,196 for the prior year first half, included in operating expenses in the accompanying consolidated statements of comprehensive income. At June 30, 2026, the amount due to TST as technical manager was $<span id="xdx_908_eus-gaap--OtherLiabilities_iI_pn3n3_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_zSpR9Ukczzea">39 ($<span id="xdx_90A_eus-gaap--OtherLiabilities_iI_pn3n3_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSATechnicalServicesMember_zXozon6X9HI2">828 due to TST at December 31, 2025). TST provides chartering services for the Company’s vessels by communicating with third party brokers to solicit research and propose charters. For this service, the Company pays TST a chartering commission of approximately <span id="xdx_90F_eus-gaap--RelatedPartyTransactionRate_dp_uPure_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSACharteringServicesMember_zYtRRzUK1TT1">1.25% on all freights, hires and demurrages. Such commissions are included in voyage expenses in the accompanying consolidated statements of comprehensive income. TST also provides sale and purchase of vessels brokerage service. For this service, TST may charge brokerage commissions. In the first half of 2026 and 2025, TST charged a brokerage commission of $<span id="xdx_907_ecustom--CommissionOnPurchaseOnSalePriceOfVesselsAmount_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VLCCTankerUlyssesMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_zCxjCJIyL7d7">540 for the sale of the VLCC tanker Ulysses and $<span id="xdx_904_ecustom--CommissionOnPurchaseOnSalePriceOfVesselsAmount_pn3n3_c20260101__20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SuezmaxTankerPenathlonMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_zcHJDs5Iuf69">203 for the sale of the suezmax tanker Pentathlon, respectively. TST may also charge a fee of $<span id="xdx_901_ecustom--CommissionsInConnectionWithDeliveryOfEachNewBuilding_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_z8BTVK1NmZB6">250 (or such other sum as may be agreed) on delivery of each new-building vessel in payment for the cost of design and supervision of the new-building by TST. In the first half of 2026 and 2025, $nil supervision fees were charged. <span id="xdx_904_eus-gaap--CostsAndExpensesRelatedParty_pin6_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_zha0CUqcPMf6" style="display: none">0 TST for chartering services rendered charged $<span id="xdx_904_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260401__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSACharteringServicesMember_zS7YkrPrOnT2">3,575 for the second quarter of 2026 compared to $<span id="xdx_901_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250401__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSACharteringServicesMember_zZR4SlDZGtZ4">2,265 for the prior year second quarter. For the first half of 2026, the charge amounted to $<span id="xdx_905_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSACharteringServicesMember_z32dywAmwNe6">6,602 compared to $<span id="xdx_902_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember__srt--StatementScenarioAxis__custom--TsakosShippingAndTradingSACharteringServicesMember_zsGUfZfFgWd8">4,604 for the prior year first half. At June 30, 2026, the amount due to TST as commercial manager was $2,100 ($577 at December 31, 2025). At June 30, 2026, an amount of $<span id="xdx_901_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_zO8sBuL9cdWf" title="Accrued liabilities">865 ($<span id="xdx_90A_eus-gaap--AccruedLiabilitiesCurrent_iI_pn3n3_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--TsakosShippingAndTradingSAMember_z9RgjIEIP5jg" title="Accrued liabilities">474 at December 31, 2025) is also due to TST, included in accrued liabilities, which relates to services rendered but not yet invoiced. (c) Argosy Insurance Company Limited (“Argosy”): The Company places its hull and machinery insurance, increased value insurance and war risk and certain other insurances through Argosy, a captive insurance company affiliated with TST. During the first half of 2026, the Company incurred insurance recoveries from loss of hire recorded in voyage revenues amounting to $nil and $3,524 for the prior year first half, and insurance recoveries from damages to fixed assets recorded in vessel operating expenses of $<span id="xdx_90E_eus-gaap--OtherNonoperatingIncomeExpense_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FixedAssetsMember_zcjn8080rEq4">1,212 and $<span id="xdx_907_eus-gaap--OtherNonoperatingIncomeExpense_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--FixedAssetsMember_zv38ZOk76XYi">2,907 for the prior year first half, presented in the accompanying consolidated statements of comprehensive income, respectively. For the second quarter of 2026, Argosy, for services rendered, charged $<span id="xdx_909_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260401__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_ztP8oXt8s8Pa">4,617 compared to $<span id="xdx_900_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250401__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_z5qOXvy4en5i">4,378 for the prior year quarter and $<span id="xdx_90A_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_zGV1L16ymCv4">9,036 for the first half of 2026, compared to $<span id="xdx_908_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_pn3n3_c20250101__20250630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_z42eLbtF0RFk">8,908 for the prior year first half, included in operating expenses in the accompanying consolidated statements of comprehensive income. <span id="xdx_909_eus-gaap--OtherNonoperatingIncomeExpense_pn3n3_c20260101__20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_zJkNS5iIPS1h" style="display: none">0 At June 30, 2026, the amount due to Argosy was $7,083 ($1,181 at December 31, 2025). At June 30,2026, an amount of $<span id="xdx_909_eus-gaap--AccruedInsuranceCurrent_iI_pn3n3_c20260630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_zmqBD3Ce8kR4" title="Accrued Insurance, Current">597 ($<span id="xdx_90C_eus-gaap--AccruedInsuranceCurrent_iI_pn3n3_c20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ArgosyInsuranceCompanyLimitedMember_zPLfBy6jbUn9" title="Accrued Insurance, Current">2,027 at December 31, 2025) is also due to Argosy, included in accrued liabilities, which relates to services rendered but not yet invoiced. (d) AirMania Travel S.A. (“AirMania”): Apart from third-party agents, the Company also uses an affiliated company, AirMania, for travel services. For the second quarter of 2026, AirMania, for services rendered, charged $1,592 compared to $2,387 in the prior year quarter. For the first half of 2026, charges amounted to $3,432 compared to $4,048 for the prior year’s first half. At June 30, 2026, the amount due to AirMania was $360 ($440 at December 31, 2025).

32500 30400 30200 49400 41300 32500 30200 28700 28500 38500 22500 31000 29300 31000.0 47100 38800 31000.0 30000.0 29200 28700 28400 37200 21700

5607000

5143000

14659000

10217000

5000000

3000000

13843000

27702000

29136000

30114000

30108000

119521000

2171000 2022000 926000 1241000

130000

144000

559000

681000

1034000

1196000

39000

828000

0.0125

540000 203000 250000

3575000

2265000

6602000

4604000

2100000

577000

865000

474000

3524000

1212000

2907000

4617000

4378000

9036000

8908000

7083000

1181000

597000

2027000

1592000

2387000

3432000

4048000

360000

440000

3. Revenue from contracts with customers Voyage charters and contracts of affreightment: Revenues amounted to $<span id="xdx_90D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20260401__20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--VoyageChartersAndContractsOfAffreightmentMember_zbcaL687RLQ5">79,313 and $<span id="xdx_90D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20250401__20250630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--VoyageChartersAndContractsOfAffreightmentMember_zXTImsiey17b">38,230 for the second quarters of 2026 and 2025, respectively, and $<span id="xdx_90F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20260101__20260630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--VoyageChartersAndContractsOfAffreightmentMember_zaLx947ZVdyb">122,815 for the first half of 2026, compared to $<span id="xdx_908_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pn3n3_c20250101__20250630__us-gaap--FiniteLivedIntangibleAssetsByMajorClassAxis__custom--VoyageChartersAndContractsOfAffreightmentMember_zzgo5z4Vl6Ka">81,289 for the prior year first half. Time, bareboat charters and pooling arrangements: Revenues amounted to $219,092 and $155,079 for the second quarters of 2026 and 2025, respectively, and $428,552 for the first half of 2026, compared to $309,071 for the prior year first half. Unearned revenue: Unearned revenue represents cash received within the reporting period, for which related service has not been provided. It primary relates to charter hire received in advance at the amount of $9,520 as of June 30, 2026 ($12,450 at December 31, 2025) and to revenue resulting from charter agreements with varying rates at the amount of $2,339 as of June 30, 2026 ($4,823 at December 31, 2025).

79313000

38230000

122815000

81289000

219092000

155079000

428552000

309071000

9520000

12450000

2339000

4823000

4. Right-of-use assets and lease liabilities Operating leases On December 21, 2020, the Company commenced a new five-year sale and leaseback agreement for the aframax, Sakura Princess. The agreed net sale price was $24,527. Under this leaseback agreement, there is a seller’s credit of $4,425 on the sales price that becomes immediately payable to the Company by the owners at the end of the five-year charter or upon sale of the vessel during the charter period. On September 19, 2025, the Company exercised the option to extend the charter period for one year. As of the effective date of the extension, the Company has remeasured the right-of-use asset under operating leases, and the corresponding obligation under operating leases based on the present value of the future minimum lease payments. In addition, the discount rate was revised at the remeasurement date based on the remaining lease term and lease payments. As of June 30, 2026, the Company has classified the seller’s credit, as short-term receivable amounting to $<span id="xdx_900_eus-gaap--FinancingReceivableExcludingAccruedInterestBeforeAllowanceForCreditLossCurrent_iI_pn3n3_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zt5ySwEbcjIl" title="short-term receivable">4,418. In accordance with ASC 842 and the package of practical expedients, the Company accounts for the transaction as an operating lease. Upon execution of the sale and leaseback of the aframax tanker, Sakura Princess, the Company recognized a financial liability amounting to $5,148, being the difference between the sale price of the asset and its fair value, as per ASC 842-40. The financial liability recognized for aframax Sakura Princess was $138 (current) as of June 30, 2026, and $ 249(current) as of December 31, 2025. At June 30, 2026 and December 31, 2025, the Company assessed the recoverability of the seller's credits and there was no indication of impairment. As at June 30, 2026, the Company recognized on its consolidated balance sheet a right-of-use asset of $1,700 ($3,441 at December 31, 2025 for the aframax tanker Sakura Princess and $<span id="xdx_906_eus-gaap--OperatingLeaseRightOfUseAsset_iI_pn3n3_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zbeFHwMZgmSk" title="Operating Lease, Right-of-Use Asset">4,329 at December 31, 2025 for the suezmaxes Arctic and Antarctic), equal to the corresponding obligation under operating leases based on the present value of the future minimum lease payments. The Company has not incurred any initial direct costs for the sale and leaseback transaction and has not made any payments prior to the commencement date of the contract. The leaseback agreement include option periods, which are not recognized as part of the right-of-use asset and the obligation under operating leases (except for the one exercised described above). The incremental borrowing rate used to determine the obligations under operating leases was <span id="xdx_908_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_dp_uPure_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_zywYjx5OrY0h" title="incremental borrowing rate">4.55% (<span id="xdx_90A_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_pip0_dp_uPure_c20250919__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--SakuraPrincessMember_z2GIqJ4yIkyl" title="incremental borrowing rate">2.54% prior to re-measurement date, September 19, 2025) for the sale and leaseback agreement of the aframax, Sakura Princess and the respective weighted average remaining lease term was 0.48 years as at June 30, 2026 and 0.97 years, as at December 31, 2025. Right-of-use assets and lease liabilities - Operating Leases (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 88%">Period </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 1%"> </td> <td id="xdx_49A_20260630_z5jx5BpxrTfi" style="border-bottom: Black 0.5pt solid; text-align: right; width: 10%">Lease Commitment</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_zKLQYsa5odLj" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Minimum net lease payments (July 1 to December 31, 2026)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,890</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zkGMGcQI8WN1" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Less: present value discount</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(190)</td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_zsVglMfdgSX" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0.8pt">Total obligations under operating leases and financial liability (current portion)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="padding-right: 0.8pt; text-align: right">1,700</td></tr> </table> The Company has subleased one vessel (Sakura Princess) and recognized sublease revenue, net of voyage expenses of $7,220, for the second quarter of 2026, compared to three vessels (Arctic, Antarctic, Sakura Princess) with recognized sublease revenue, net of voyage expenses of $7,192 for the second quarter of 2025. The amount of $12,908 was recognized for the first half of 2026 for one vessel, compared to $12,728 in the prior year first half for three vessels. Finance leases On June 21, 2021, the Company commenced a five-year sale and leaseback agreement for each of the two suezmax tankers, Arctic and Antarctic. The agreed net sale price was $52,304. Under these leaseback agreements, there is a seller's credit of $8,415 on the sales price that becomes immediately payable to the Company by the owners at the end of the five-year charter, unless the Company elects to exercise any of its charter extension options or upon sale of the vessel during the charter period. At inception, the Company accounted for the transaction as an operating lease and continued to do so following the adoption of ASC 842 and the package of practical expedients. On April 7, 2026, the Company signed an addendum in the bareboat agreement for each of the two suezmax tankers, Arctic and Antarctic, to repurchase both vessels. In accordance with ASC 842, the Company accounted for the transaction as a lease modification and upon reassessment of the classification of the lease, the Company has classified the above transaction as a finance lease. On May 28, 2026 and June 11, 2026, the Company repurchased Arctic and Antarctic, respectively, at a purchase price of $20,000 each, net of the seller’s credit amount of $4,207.5 for each vessel. As of the effective date of the modification, the corresponding lease liability under finance leases was remeasured to $41,304, including the application of the seller’s credit of $8,415 as a prepayment to repurchase the vessels. The incremental borrowing rate used to determine the right-of-use assets and the obligations under finance leases was 4.97%. During the second quarter of 2026, the lease liability under finance leases was reduced by $1,637 to reflect the lease payments made during the period and increased by an interest expense of $332, presented in the Company’s consolidated statements of comprehensive income under interest and finance costs. In addition, as of the effective date of the modification, the right-of-use assets were adjusted, upon remeasurement of the lease liability resulting in total amount of $<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization_iI_pn3n3_c20260407__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticAndAntarcticMember_zIX1VGocKd5i">49,719. The amount of the right-of-use assets is amortized on a straight-line method based on the estimated remaining economic lives of the vessels and is presented in the Company’s consolidated statements of comprehensive income under depreciation and amortization. During the second quarter of 2026, the right-of-use assets were amortized by $1,357. Upon repurchase of Arctic and Antarctic, the Company derecognized the right-of-use assets and the lease liability amounting to $<span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_iI_pn3n3_c20260528__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArcticMember_zgBNx9SqaPVd">48,362 and $<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization_iI_pn3n3_c20260711__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AntarcticMember_zdbeqyjnwuu8">39,999, respectively, and recognized both vessels as fixed assets in the accompanying consolidated balance sheets (Note 5). During the first half of 2026, the Company has subleased both vessels (Arctic and Antarctic), and the amount of $8,402 and $3,527 was recognized as sublease revenue, net of voyage expenses for the operating lease period (January 1, 2026 until April 7, 2026) and the finance lease period, respectively (April 7, 2026 until May 28, 2026 and June 11, 2026 for Arctic and Antarctic, respectively). During the second quarter of 2026, the Company has subleased both vessels (Arctic and Antarctic), and the amount of $173 and $3,527 was recognized as sublease revenue, net of voyage expenses for the operating lease period (April 1, 2026 until April 7, 2026) and the finance lease period, respectively (April 7, 2026 until May 28, 2026 and June 11, 2026 for Arctic and Antarctic, respectively).

five-year

24527000 4425000

4418000

5148000

138000

249000

1700000

3441000

4329000

0.0455

0.0254

P0Y5M23D

P0Y11M19D

Right-of-use assets and lease liabilities - Operating Leases (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 88%">Period </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 1%"> </td> <td id="xdx_49A_20260630_z5jx5BpxrTfi" style="border-bottom: Black 0.5pt solid; text-align: right; width: 10%">Lease Commitment</td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_pn3n3_zKLQYsa5odLj" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Minimum net lease payments (July 1 to December 31, 2026)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">$</td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,890</td></tr> <tr id="xdx_40D_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_pn3n3_di_zkGMGcQI8WN1" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Less: present value discount</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(190)</td></tr> <tr id="xdx_407_eus-gaap--OperatingLeaseLiability_iTI_pn3n3_zsVglMfdgSX" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-right: 0.8pt">Total obligations under operating leases and financial liability (current portion)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="padding-right: 0.8pt; text-align: right">1,700</td></tr> </table>

1890000

190000

1700000

7220000

7192000

12908000

12728000

five-year

52304000 8415000

20000000

4207500

41304000

8415000

0.0497

1637000

332000

49719000

1357000

48362000

39999000

8402000

3527000

173000

3527000

5. Vessels Acquisitions On January 12, 2026 and on February 12, 2026 the Company took delivery of its newbuilding MR tankers Delos T (Daphne Marine S.A.) and Dion (Ioli Marine S.A.), for an aggregate cost of $95,797. On May 28, 2026 and June 11, 2026, the Company acquired the two suezmaxes Arctic (Argon Shipping Co.) and Antarctic (Alinda Enterprises Inc.), respectively (Note 4). On April 28, 2025 and on June 5, 2025, the Company took delivery of its newbuilding DP2 shuttle tanker Athens 04 (Adrian Maritime Ltd) and its suezmax tanker Dr Irene Tsakos (Scout Shiptrade Ltd), for an aggregate cost of $<span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentAdditions_pn3n3_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--Athens04DrIreneTsakosMember_zgSf8uOy3RNf" title="aggregate cost">229,658. Sales On May 20, 2026, the Company sold its VLCC tanker Ulysses, for net proceeds of $<span id="xdx_90E_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn3n3_c20260101__20260520__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--VLCCTankerUlyssesMember_zEocPlWNDNQ8" title="net proceeds">106,427, realizing a gain of $37,870. On March 26, 2025, the Company sold its suezmax tanker Pentathlon, for net proceeds of $39,483, realizing a gain of $3,553. The gain from the sale of the vessels is separately reflected in the accompanying consolidated statements of comprehensive income. Impairment As of June 30, 2026, and December 31, 2025, the Company reviewed the carrying amount including any unamortized dry-docking costs and leasehold improvements in connection with the estimated recoverable amount and the probability of sale for each of its vessels under construction and its right-of-use-assets under operating leases. As of June 30, 2026, and December 31, 2025, this review did not indicate an impairment charge. 0

January 12, 2026 February 12, 2026

95797000

May 28, 2026 June 11, 2026 April 28, 2025 June 5, 2025

229658000

106427000

37870000

39483000

3553000

6. Deferred charges and leasehold improvements Deferred charges consisting of dry-docking and special survey costs, net of accumulated amortization, amounted to $26,997 and $23,786, at June 30, 2026 and December 31, 2025, respectively. Leasehold improvements amounted to $583 at June 30, 2026 for the aframax tanker Sakura Princess and $3,717 for the suezmax tankers Arctic, Antarctic, and the aframax tanker Sakura Princess, at December 31, 2025. Amortization of deferred dry-docking costs and of leasehold improvements is included in depreciation and amortization in the accompanying consolidated statements of comprehensive income.

26997000

23786000

583000

3717000

7. Long-term debt and other financial liabilities Long-term debt Long-term debt (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 76%">Facility </td> <td style="vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_496_20260630_zl4Ig2KMiLPi" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 10%; padding-right: 0.8pt; text-align: right">June 30, 2026</td> <td style="vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td id="xdx_49B_20251231_z4OQH6BP3qUf" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 10%; padding-right: 0.8pt; text-align: right">December 31, 2025</td></tr> <tr id="xdx_402_eus-gaap--LoansPayableToBank_iI_pn3n3_maLTDzUhA_zCKSvGuG4Wx1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Loans</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,976,571</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,788,115</td></tr> <tr id="xdx_409_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di_msLTDzUhA_zk10Ht4CAYza"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Deferred finance costs, net</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(10,795)</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,059)</td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebt_iTI_pn3n3_mtLTDzUhA_z0WKuL9BbObj" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Total long-term debt</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,965,776</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,780,056</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtCurrent_iNI_pn3n3_di_zIP8jmsKciqc"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Current portion of debt</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(244,004)</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(295,490)</td></tr> <tr id="xdx_404_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_zZv0lyFjhcGl" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Add: Deferred finance costs, current portion</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">2,681</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">2,797</td></tr> <tr id="xdx_401_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_zdhBPFJsoQYk"> <td style="vertical-align: top; padding-right: 0.8pt">Long-term debt, net of current portion and deferred finance costs</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,724,453</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,487,363</td></tr> </table> Loan balances outstanding at June 30, 2026, amounted to $1,976,571. These bank loans are payable in U.S. Dollars in semi-annual installments, with balloon payments due at maturity between December 2026 and December 2034. Interest rates on the outstanding loans as at June 30, 2026, are based on Secured Overnight Financing Rate (“SOFR”) plus a spread. On February 13, 2026, the Company signed a seven-year loan agreement amounting to $120,000 relating to the refinancing of the LNG carrier, Maria Energy. On February 19, 2026, the Company drew down the amount of $120,000 and prepaid the amount of $84,310. The new loan is repayable in fourteen semi-annual installments of $5,455, plus a balloon of $43,630 payable together with the last installment. On May 11, 2026, the Company prepaid the amount of $23,175 to the lender due to sale of its VLCC tanker Ulysses. On May 14, 2026, the Company signed a <span id="xdx_90D_eus-gaap--DebtInstrumentMaturityDateDescription_c20260101__20260514__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EliasTsakosLeontiosHThomasZafirasBergenTSSunrayMember_zoxy9qwxQOb7">five-year loan agreement amounting to $<span id="xdx_90D_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pn3n3_c20260514__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EliasTsakosLeontiosHThomasZafirasBergenTSSunrayMember_zpz5tVQP1MXd">142,000 relating to the refinancing of the aframax tankers Elias Tsakos, Leontios H, Thomas Zafiras, Bergen TS and the panamax tanker Sunray. On May 20, 2026, the Company drew down the amount of $142,000 and on May 21, 2026 prepaid the amount of $100,740. The new loan is repayable in ten <span id="xdx_902_eus-gaap--DebtInstrumentFrequencyOfPeriodicPayment_c20260101__20260514__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EliasTsakosLeontiosHThomasZafirasBergenTSSunrayMember_zSVpOnlZE2W1">semi-annual installments of $8,563.2, plus a balloon of $<span id="xdx_900_eus-gaap--DebtInstrumentPeriodicPaymentTermsBalloonPaymentToBePaid_iI_pn3n3_c20260514__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--EliasTsakosLeontiosHThomasZafirasBergenTSSunrayMember_zzATuG1Y9JHj">56,368 payable together with the last installment. The Company has the option to place in a collateral account amounts equal, or less, of the outstanding loan amount for the purpose of reducing the applicable loan margin. The amount placed in the collateral account is not legally restricted unless the Company receives from the lenders any notice for an event of default, and may at the Company’s discretion, be withdrawn from the collateral account on the last day of the interest period with prior written notice to the lender. The interest period of such loan is three months. As of June 30, 2026, the Company had placed the amount of $10,000 in a collateral account, which is included in cash and cash equivalents in the accompanying consolidated balance sheets. As of June 30, 2026, total undrawn amounts of the existing loan agreements amounted to $1,027,830. An amount of $15,233 related to deferred finance costs attributable to the undrawn portions of the existing loan agreements, is included in other non-current assets in the accompanying consolidated balance sheets. According to the debt extinguishment guidance of ASC 470-50 “Debt Modifications and Extinguishments”, the Company expenses any unamortized deferred financing costs on its prepaid loans (Note 8). The weighted-average interest rates on the above executed loans for the applicable periods were: Long-term debt - Weighted-Average Interest Rates (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 20%; padding-right: 0.8pt">Three months ended June 30, 2026</td> <td style="vertical-align: bottom; width: 20%; padding-right: 0.8pt; text-align: left">4.75%</td> <td style="width: 20%; padding-right: 0.8pt"> </td> <td style="width: 20%; padding-right: 0.8pt">Six months ended June 30, 2026</td> <td style="vertical-align: bottom; width: 20%; padding-right: 0.8pt; text-align: left">4.86%</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Three months ended June 30, 2025</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: left">5.74%</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">Six months ended June 30, 2025</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: left">5.83%</td></tr> </table> The bank loans are secured by first priority mortgages on all vessels, by assignments of earnings and insurances of the respectively mortgaged vessels, and by corporate guarantees of the relevant vessel-owning subsidiaries and in certain cases of the Holding Company as well. The loan agreements include, among other covenants, covenants requiring the Company to obtain the lenders’ prior consent in order to incur or issue any financial indebtedness, additional borrowings, pay dividends if an event of default has occurred, sell vessels and assets, and change the beneficial ownership or management of the vessels. Also, covenants require the Company to maintain a minimum liquidity, not legally restricted, of $17,366 at June 30, 2026 and $37,038 at December 31, 2025, a minimum consolidated leverage ratio, a minimum hull value in connection with the vessels’ outstanding loans and insurance coverage of the vessels against all customary risks. One loan agreement requires a monthly pro rata transfer to retention account of any principal due but unpaid. Two loan agreements require the Company to maintain throughout the security period, an aggregate balance in a deposit account of $2,050, not legally restricted. As of June 30, 2026, the Company and its subsidiaries had thirty-four loan agreements, totaling $1,976,571. The Company fulfilled its requirements in respect of the financial covenants of all of its loan agreements as at June 30, 2026. The Company’s liquidity requirements relate primarily to servicing its debt, funding the equity portion of investments in vessels and funding expected capital expenditure on dry-dockings and working capital. The annual principal payments, including balloon payments on loan maturity, required to be made after June 30, 2026, are as follows: Long-term debt - Principal Payments (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 88%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49B_20260630_zBDyX5q1W0y8" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_404_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextSixMonths_iI_pn3n3_maLTDMRzei0_zodIBgi9MLv2" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">July to December 2026</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">100,164</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_maLTDMRzei0_zRy0j19uAx54" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">362,188</td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_maLTDMRzei0_zxWt2DiOrW3g" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">298,879</td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_maLTDMRzei0_zjMqfg6ePiQf" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">342,253</td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_maLTDMRzei0_zgp9I3VLPSzi" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">130,197</td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pn3n3_maLTDMRzei0_zWtb4v9Jy42c" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 and thereafter</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">742,890</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 107%"> </td> <td> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td id="xdx_986_eus-gaap--LoansPayableToBank_iTI_pn3n3_mtLTDMRzei0_c20260630_zri9e1FI4IAh" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right" title="Total">1,976,571</td></tr> </table> Other financial liabilities, net The amounts in the accompanying consolidated balance sheets are analyzed as follows: Long-term debt and other financial liabilities - Other financial liabilities, net (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 76%; padding-right: 0.8pt; line-height: 107%"> </td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49B_20260630_zzgOUvjQH7Ec" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">June 30, 2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt"> </td> <td id="xdx_491_20251231_zsIGz4RQIy8e" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">December 31, 2025</td></tr> <tr id="xdx_401_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zQm2P4Jynuha" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">137,592</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">142,256</td></tr> <tr id="xdx_40E_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_ziogNkDXo2J5" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Deferred finance costs, net</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,191)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,337)</td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiability_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_z91Kk2mHRdWk" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Total other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">136,401</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">140,919</td></tr> <tr id="xdx_408_ecustom--OtherFinanceLeaseLiabilityCurrent_iNI_pn3n3_di0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zYhMJJfpTBN2" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Current portion of other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(9,328)</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(9,328)</td></tr> <tr id="xdx_400_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zom2OaJ93Ft3" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Add: Deferred finance costs, current portion</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">275</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">287</td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zad3uUJVpkRf" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Other financial liabilities, net of current portion and deferred finance costs</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">127,348</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">131,878</td></tr> </table> On December 21, 2021, the Company entered into a new ten-year sale and leaseback agreement for its under-construction LNG carrier, Tenergy. The Company chartered back the vessel on a bareboat basis, having a purchase obligation at the end of the ten-year period, and has continuous options to repurchase the vessel at any time following the fifth anniversary of the commencement date. In accordance with ASC 842-40, the Company did not derecognize the respective vessel from its balance sheet and recognized the sale proceeds as other financial liabilities. The annual principal payments of other financial liabilities required to be made after June 30, 2026, are as follows: Long-term debt and other financial liabilities - Schedule of annual lease liability (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 88%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49D_20260630_zeDdSPCnjkk6" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_40B_ecustom--FinanceLeaseLiabilityPaymentsDueInNextRollingSixMonths_iI_pn3n3_zMEOW9xk4b29" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">July to December 2026</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">4,665</td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearTwo_iI_pn3n3_zAdpFtIEujY9" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearThree_iI_pn3n3_zoLhhLK8Uv62" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_401_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearFour_iI_pn3n3_zKgIsQHe8Vc3" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearFive_iI_pn3n3_z5Pla2AOAvU1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive_iI_pn3n3_znJU8XO8VRB5" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 and thereafter</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">95,615</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 107%"> </td> <td> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td id="xdx_980_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iTI_pn3n3_mtFLLPDzwd3_c20260630_zFyBPCWho2C2" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right" title="Total">137,592</td></tr> </table>

Long-term debt (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 76%">Facility </td> <td style="vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_496_20260630_zl4Ig2KMiLPi" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 10%; padding-right: 0.8pt; text-align: right">June 30, 2026</td> <td style="vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; width: 1%; padding-right: 0.8pt"> </td> <td id="xdx_49B_20251231_z4OQH6BP3qUf" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 10%; padding-right: 0.8pt; text-align: right">December 31, 2025</td></tr> <tr id="xdx_402_eus-gaap--LoansPayableToBank_iI_pn3n3_maLTDzUhA_zCKSvGuG4Wx1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Loans</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,976,571</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">1,788,115</td></tr> <tr id="xdx_409_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di_msLTDzUhA_zk10Ht4CAYza"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Deferred finance costs, net</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(10,795)</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 1pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,059)</td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebt_iTI_pn3n3_mtLTDzUhA_z0WKuL9BbObj" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Total long-term debt</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,965,776</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,780,056</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtCurrent_iNI_pn3n3_di_zIP8jmsKciqc"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Current portion of debt</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(244,004)</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(295,490)</td></tr> <tr id="xdx_404_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_zZv0lyFjhcGl" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Add: Deferred finance costs, current portion</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">2,681</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">2,797</td></tr> <tr id="xdx_401_eus-gaap--LongTermDebtNoncurrent_iI_pn3n3_zdhBPFJsoQYk"> <td style="vertical-align: top; padding-right: 0.8pt">Long-term debt, net of current portion and deferred finance costs</td> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,724,453</td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,487,363</td></tr> </table>

1976571000

1788115000

10795000

8059000

1965776000

1780056000

244004000

295490000

2681000

2797000

1724453000

1487363000

1976571000

semi-annual

December 2026 and December 2034

Interest rates on the outstanding loans as at June 30, 2026, are based on Secured Overnight Financing Rate (“SOFR”) plus a spread

2026-02-13

seven-year

120000000

to the refinancing of the LNG carrier, Maria Energy

120000000

84310000 fourteen

semi-annual

5455000

43630000

23175000

2026-05-14

five-year

142000000

to the refinancing of the aframax tankers Elias Tsakos, Leontios H, Thomas Zafiras, Bergen TS and the panamax tanker Sunray

142000000

100740000 ten

semi-annual

8563200

56368000

10000000

1027830

15233000

Long-term debt - Weighted-Average Interest Rates (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; width: 20%; padding-right: 0.8pt">Three months ended June 30, 2026</td> <td style="vertical-align: bottom; width: 20%; padding-right: 0.8pt; text-align: left">4.75%</td> <td style="width: 20%; padding-right: 0.8pt"> </td> <td style="width: 20%; padding-right: 0.8pt">Six months ended June 30, 2026</td> <td style="vertical-align: bottom; width: 20%; padding-right: 0.8pt; text-align: left">4.86%</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Three months ended June 30, 2025</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: left">5.74%</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">Six months ended June 30, 2025</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: left">5.83%</td></tr> </table> 0.0475 0.0486 0.0574 0.0583

17366000

37038000

2050000

1976571000

The Company fulfilled its requirements in respect of the financial covenants of all of its loan agreements as at June 30, 2026

Long-term debt - Principal Payments (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 88%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49B_20260630_zBDyX5q1W0y8" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_404_ecustom--LongTermDebtMaturitiesRepaymentsOfPrincipalInNextSixMonths_iI_pn3n3_maLTDMRzei0_zodIBgi9MLv2" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">July to December 2026</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">100,164</td></tr> <tr id="xdx_406_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo_iI_pn3n3_maLTDMRzei0_zRy0j19uAx54" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">362,188</td></tr> <tr id="xdx_40E_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree_iI_pn3n3_maLTDMRzei0_zxWt2DiOrW3g" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">298,879</td></tr> <tr id="xdx_40B_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour_iI_pn3n3_maLTDMRzei0_zjMqfg6ePiQf" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">342,253</td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive_iI_pn3n3_maLTDMRzei0_zgp9I3VLPSzi" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">130,197</td></tr> <tr id="xdx_407_eus-gaap--LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive_iI_pn3n3_maLTDMRzei0_zWtb4v9Jy42c" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 and thereafter</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">742,890</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 107%"> </td> <td> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td id="xdx_986_eus-gaap--LoansPayableToBank_iTI_pn3n3_mtLTDMRzei0_c20260630_zri9e1FI4IAh" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right" title="Total">1,976,571</td></tr> </table>

100164000

362188000

298879000

342253000

130197000

742890000

1976571000

Long-term debt and other financial liabilities - Other financial liabilities, net (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 76%; padding-right: 0.8pt; line-height: 107%"> </td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49B_20260630_zzgOUvjQH7Ec" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">June 30, 2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt"> </td> <td id="xdx_491_20251231_zsIGz4RQIy8e" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">December 31, 2025</td></tr> <tr id="xdx_401_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zQm2P4Jynuha" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">137,592</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">142,256</td></tr> <tr id="xdx_40E_eus-gaap--DeferredFinanceCostsNet_iNI_pn3n3_di0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_ziogNkDXo2J5" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Deferred finance costs, net</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,191)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,337)</td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiability_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_z91Kk2mHRdWk" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Total other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">136,401</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">140,919</td></tr> <tr id="xdx_408_ecustom--OtherFinanceLeaseLiabilityCurrent_iNI_pn3n3_di0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zYhMJJfpTBN2" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Current portion of other financial liabilities</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(9,328)</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(9,328)</td></tr> <tr id="xdx_400_eus-gaap--DeferredFinanceCostsCurrentNet_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zom2OaJ93Ft3" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Add: Deferred finance costs, current portion</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">275</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: top; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">287</td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityNoncurrent_iI_pn3n3_d0_hus-gaap--FairValueByLiabilityClassAxis__custom--FinancialLiabilitiesNetMember_zad3uUJVpkRf" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Other financial liabilities, net of current portion and deferred finance costs</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">127,348</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">131,878</td></tr> </table>

137592000

142256000

1191000

1337000

136401000

140919000

9328000 9328000

275000

287000

127348000

131878000

December 21, 2021

ten-year

for its under-construction LNG carrier, Tenergy

Long-term debt and other financial liabilities - Schedule of annual lease liability (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="border-bottom: Black 0.5pt solid; width: 88%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt; text-align: right"> </td> <td id="xdx_49D_20260630_zeDdSPCnjkk6" style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_40B_ecustom--FinanceLeaseLiabilityPaymentsDueInNextRollingSixMonths_iI_pn3n3_zMEOW9xk4b29" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">July to December 2026</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">4,665</td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearTwo_iI_pn3n3_zAdpFtIEujY9" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_408_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearThree_iI_pn3n3_zoLhhLK8Uv62" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_401_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearFour_iI_pn3n3_zKgIsQHe8Vc3" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_405_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingYearFive_iI_pn3n3_z5Pla2AOAvU1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">9,328</td></tr> <tr id="xdx_404_eus-gaap--FinanceLeaseLiabilityPaymentsDueInRollingAfterYearFive_iI_pn3n3_znJU8XO8VRB5" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 and thereafter</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">95,615</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; line-height: 107%"> </td> <td> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td id="xdx_980_eus-gaap--FinanceLeaseLiabilityPaymentsDue_iTI_pn3n3_mtFLLPDzwd3_c20260630_zFyBPCWho2C2" style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right" title="Total">137,592</td></tr> </table>

4665000

9328000

95615000

137592000

8. Interest and Finance Costs, net Interest and Finance Costs, net (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt"> </td> <td id="xdx_497_20260401__20260630_zARWpzLd22Z6" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 2.8pt; text-align: right"> </td> <td id="xdx_49B_20250401__20250630_zDcYOeW2OWLa" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_493_20260101__20260630_zDUQ9e0lyVrg" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 2.8pt; text-align: right"> </td> <td id="xdx_495_20250101__20250630_zkzOEdPlAe38" style="padding-right: 2.8pt; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 2.8pt; text-align: center">Three months ended June 30,</td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 2.8pt; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 57%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2025</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2025</td></tr> <tr id="xdx_40E_eus-gaap--InterestCostsIncurred_pn3n3_maIEzF53_zYmfYuXA4hL1" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Interest expense</td> <td style="padding-right: 0.8pt; text-align: right">25,787</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">26,073</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">51,463</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">52,064</td></tr> <tr id="xdx_405_eus-gaap--InterestCostsCapitalizedAdjustment_iN_pn3n3_di_msIEzF53_zc8CPwhQRIe1" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Interest capitalized</td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(2,837)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(3,128)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(5,717)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(5,672)</td></tr> <tr id="xdx_405_eus-gaap--InterestExpense_iT_pn3n3_mtIEzF53_zwbjZKhUMA29" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Interest expense, net</td> <td style="padding-right: 0.8pt; text-align: right">22,950</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">22,945</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">45,746</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">46,392</td></tr> <tr id="xdx_400_ecustom--DerivativeCashReceivedOnHedge1_pn3n3_d0_msIADEzIGy_zFYVNRxtSK09" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and other commodities swaps, cash settlements</td> <td style="padding-right: 0.8pt; text-align: right">(538)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">56</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(481)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(73)</td></tr> <tr id="xdx_406_eus-gaap--AmortizationOfFinancingCosts_pn3n3_maIADEzIGy_zoCKDOEW3L7g" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of deferred finance costs</td> <td style="padding-right: 0.8pt; text-align: right">931</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">749</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">1,946</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">1,586</td></tr> <tr id="xdx_40F_eus-gaap--AmortizationOfDebtDiscountPremium_pn3n3_maIADEzIGy_z8DqW1bQtq7b" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of bond premium</td> <td style="padding-right: 0.8pt; text-align: right">1</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">2</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td></tr> <tr id="xdx_403_eus-gaap--AmortizationOfDeferredHedgeGains_iN_pn3n3_di0_zV5szlCffzw" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of deferred gain on termination of financial instruments</td> <td style="padding-right: 0.8pt; text-align: right">(424)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(225)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(647)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(733)</td></tr> <tr id="xdx_402_ecustom--BankCharges_pn3n3_maIADEzIGy_z1EW9RI2LaK" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bank charges</td> <td style="padding-right: 0.8pt; text-align: right">(66)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">47</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">101</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">75</td></tr> <tr id="xdx_409_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_z8WxX5OzC4h6" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Change in fair value of FX derivative</td> <td style="padding-right: 0.8pt; text-align: right">29</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">29</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td></tr> <tr id="xdx_40D_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_pn3n3_ziggAzrexgMa" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Change in fair value of non-hedging financial instruments</td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(240)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">1,406</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(3,266)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">1,733</td></tr> <tr id="xdx_403_eus-gaap--InterestAndDebtExpense_iT_pn3n3_z2eKahzQZpY2" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Net total</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">22,643</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">24,978</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">43,430</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">48,980</td></tr> </table> Interest expense was $25,787 for the second quarter of 2026, compared to $26,073 for the second quarter of 2025. For the six months ended June 30, 2026, interest expense was $51,463 compared to $52,064 for the six months ended June 30, 2025. Capitalized interest is based on expenditure incurred to date on vessels under construction. Capitalized interest amounted to $2,837 and $5,717 for the three and six-month periods ended June 30, 2026, compared to $3,128 and $5,672 for the equivalent periods of 2025. <span id="xdx_903_eus-gaap--DescriptionOfInterestRateDerivativeActivities_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--DesignatedAsHedgingInstrumentMember_z4GKXJb0wkV7">In 2022, the Company discontinued ten of its cash flow hedge interest rate swaps through early termination agreements. The Company considered the forecasted transactions as still probable for seven of those interest rate swaps, and presented the amount received in Accumulated other comprehensive income. Respective amounts are amortized into Company’s earnings until the expiry date of each interest rate swap. For the second quarter of 2026, amortization of deferred gain on termination of hedging interest rate swaps amounted to $<span id="xdx_906_ecustom--Amortizationofdeferredhedgegains1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zAlNIlkY0uXg" title="Amortization of deferred gain on termination of hedging interest rate swaps">424 (positive) and $<span id="xdx_909_ecustom--Amortizationofdeferredhedgegains1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zanOl3lu15qa" title="Amortization of deferred gain on termination of hedging interest rate swaps">225 (positive) for the prior year’s second quarter. For the first half of 2026, amortization of deferred gain on termination of hedging interest rate swaps amounted to $<span id="xdx_909_ecustom--Amortizationofdeferredhedgegains1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zAf5YIreqDid" title="Amortization of deferred gain on termination of hedging interest rate swaps">647 (positive) and $<span id="xdx_903_ecustom--Amortizationofdeferredhedgegains1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_z17CtOpKwwtf" title="Amortization of deferred gain on termination of hedging interest rate swaps">733 (positive) for the prior year’s first half. At June 30, 2026, the Company was committed to eight floating-to-fixed interest rate swaps with major financial institutions covering notional amounts aggregating $399,776, maturing from September 2026 through March 2028, on which it pays fixed rates averaging 3.13% and receives floating rates based on three-month SOFR and six-month SOFR. Seven out of the eight interest rate swaps have an option for extension at the financial institutions’ discretion, maturing from November 2027 through September 2031. The interest rate swap agreements were designated and qualified as non-hedging interest rate swaps. The change in fair value of the above non-hedging interest rate swaps has been included in the change in fair value of non-hedging financial instruments. The fair value of these swap agreements was $<span id="xdx_90F_eus-gaap--FairValueHedgeAssetsAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zb6iKX420E79">1,167 (positive) and $<span id="xdx_904_eus-gaap--FairValueHedgeLiabilitiesAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zyfKZZxL5w65">201 (negative) as at June 30, 2026 and December 31, 2025, respectively. The change in fair value amounted to $<span id="xdx_90E_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zEH9aX7OM5r8">878 (positive) for the second quarter of 2026 and $<span id="xdx_902_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_iN_pn3n3_di_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_ztlsrZqi8pW5">998 (negative) for the prior year’s second quarter. The change in fair value amounted to $<span id="xdx_901_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zfGB9zsjbANb">1,368 (positive) for the six-month period of 2026 and $<span id="xdx_908_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_iN_pn3n3_di_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zPp6Sg6CsoO2">1,284 (negative) for the prior year’s first half. During the first half of 2026, the Company entered into <span id="xdx_901_ecustom--DerivativeNumberOfInstrumentsHeld1_iI_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zYIlHXSS1dZg">five bunker swap agreements and seven other commodities swap agreements, in order <span id="xdx_903_eus-gaap--DerivativeDescriptionOfHedgedItem_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zJOfcyfHv2tc">to hedge its exposure to bunker price fluctuations associated with the consumption of bunkers by its vessels and the European Union Allowances (“EUAs”) exposure, respectively, with maturity dates <span id="xdx_90F_eus-gaap--DerivativeDescriptionOfTerms_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zzpylYvTdw05">between July 2026 through August 2027. As at June 30, 2026, the Company held eight bunker agreements and eight EUAs swap agreements (six bunker agreements and one EUAs swap agreement at December 31, 2025). The fair value of bunker swap agreements and EUAs emission swap agreements at June 30, 2026 and December 31, 2025, was $<span id="xdx_906_eus-gaap--FairValueHedgeAssetsAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zBcg7cLZgRZe">935 (positive) and $<span id="xdx_900_eus-gaap--FairValueHedgeLiabilitiesAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_z1dzuftmebo1">963 (negative), respectively. The change in fair value amounted to $<span id="xdx_905_eus-gaap--HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_iNI_pn3n3_di_c20260331__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_z7V1BWTIiBic">638(negative) and $<span id="xdx_909_eus-gaap--HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_iNI_pn3n3_di_c20250331__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zElxGRnh8ETi">408 (negative) for the three-month period of 2026 and 2025, respectively, and has been included in the change in fair value of non-hedging financial instruments. The change in the fair values for the first half of 2026 and 2025 was $<span id="xdx_905_eus-gaap--HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_zL6WdXlXf5Vd">1,898 (positive) and $<span id="xdx_90E_eus-gaap--HedgedAssetFairValueHedgeCumulativeIncreaseDecrease_iNI_pn3n3_di_c20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember_z2RXpwyceZz2">449 (negative), respectively. During the first half of 2026 and 2025, the total cash received, net for those agreements amounted to $<span id="xdx_905_ecustom--NetProceedsFromHedgeFinancingActivities_pn3n3_c20260101__20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember_zaAnQOXJnxK6">481 and $<span id="xdx_90C_ecustom--NetProceedsFromHedgeFinancingActivities_pn3n3_c20250101__20250630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember_zuDMr4m47uc4">73, respectively. For the second quarter of 2026, total cash received was $<span id="xdx_908_ecustom--NetProceedsFromHedgeFinancingActivities_pn3n3_c20260401__20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember_zkzP9ny4hSOa">538, and for the second quarter of 2025, the total cash paid for those agreements amounted to $<span id="xdx_901_eus-gaap--PaymentsForHedgeFinancingActivities_pn3n3_c20250401__20250630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerSwap2026EUAsSwapMember_zzYpd1jzXny6">56. For the second quarter of 2026 and 2025, the Company has written-off unamortized deferred finance costs of $100 and $nil, respectively, according to debt extinguishment guidance of ASC 470-50, included in amortization of deferred finance costs in the above table. During the first half of 2026 and 2025, the Company has written-off unamortized deferred finance costs of $296 and $nil, respectively.

Interest and Finance Costs, net (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt"> </td> <td id="xdx_497_20260401__20260630_zARWpzLd22Z6" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 2.8pt; text-align: right"> </td> <td id="xdx_49B_20250401__20250630_zDcYOeW2OWLa" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_493_20260101__20260630_zDUQ9e0lyVrg" style="padding-right: 2.8pt; text-align: right"> </td> <td style="padding-right: 2.8pt; text-align: right"> </td> <td id="xdx_495_20250101__20250630_zkzOEdPlAe38" style="padding-right: 2.8pt; text-align: right"> </td></tr> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 2.8pt; text-align: center">Three months ended June 30,</td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 2.8pt; text-align: center">Six months ended June 30,</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 57%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2025</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2026</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 10%; padding-right: 0.8pt; text-align: right">2025</td></tr> <tr id="xdx_40E_eus-gaap--InterestCostsIncurred_pn3n3_maIEzF53_zYmfYuXA4hL1" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Interest expense</td> <td style="padding-right: 0.8pt; text-align: right">25,787</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">26,073</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">51,463</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">52,064</td></tr> <tr id="xdx_405_eus-gaap--InterestCostsCapitalizedAdjustment_iN_pn3n3_di_msIEzF53_zc8CPwhQRIe1" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Less: Interest capitalized</td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(2,837)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(3,128)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(5,717)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(5,672)</td></tr> <tr id="xdx_405_eus-gaap--InterestExpense_iT_pn3n3_mtIEzF53_zwbjZKhUMA29" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Interest expense, net</td> <td style="padding-right: 0.8pt; text-align: right">22,950</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">22,945</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">45,746</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">46,392</td></tr> <tr id="xdx_400_ecustom--DerivativeCashReceivedOnHedge1_pn3n3_d0_msIADEzIGy_zFYVNRxtSK09" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and other commodities swaps, cash settlements</td> <td style="padding-right: 0.8pt; text-align: right">(538)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">56</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(481)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(73)</td></tr> <tr id="xdx_406_eus-gaap--AmortizationOfFinancingCosts_pn3n3_maIADEzIGy_zoCKDOEW3L7g" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of deferred finance costs</td> <td style="padding-right: 0.8pt; text-align: right">931</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">749</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">1,946</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">1,586</td></tr> <tr id="xdx_40F_eus-gaap--AmortizationOfDebtDiscountPremium_pn3n3_maIADEzIGy_z8DqW1bQtq7b" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of bond premium</td> <td style="padding-right: 0.8pt; text-align: right">1</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">2</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td></tr> <tr id="xdx_403_eus-gaap--AmortizationOfDeferredHedgeGains_iN_pn3n3_di0_zV5szlCffzw" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Amortization of deferred gain on termination of financial instruments</td> <td style="padding-right: 0.8pt; text-align: right">(424)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(225)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(647)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">(733)</td></tr> <tr id="xdx_402_ecustom--BankCharges_pn3n3_maIADEzIGy_z1EW9RI2LaK" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bank charges</td> <td style="padding-right: 0.8pt; text-align: right">(66)</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">47</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">101</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">75</td></tr> <tr id="xdx_409_eus-gaap--GainLossOnForeignCurrencyDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_z8WxX5OzC4h6" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Change in fair value of FX derivative</td> <td style="padding-right: 0.8pt; text-align: right">29</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">29</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right">— </td></tr> <tr id="xdx_40D_eus-gaap--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet_pn3n3_ziggAzrexgMa" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Change in fair value of non-hedging financial instruments</td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(240)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">1,406</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">(3,266)</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right">1,733</td></tr> <tr id="xdx_403_eus-gaap--InterestAndDebtExpense_iT_pn3n3_z2eKahzQZpY2" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Net total</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">22,643</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">24,978</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">43,430</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">48,980</td></tr> </table>

25787000

26073000

51463000

52064000

2837000

3128000

5717000

5672000

22950000

22945000

45746000

46392000

-538000 56000 -481000 -73000

931000

749000

1946000

1586000

1000

2000

424000

225000

647000

733000

-66000 47000 101000 75000

29000

-240000

1406000

-3266000

1733000

22643000

24978000

43430000

48980000

25787000

26073000

51463000

52064000

2837000

5717000

3128000

5672000

In 2022, the Company discontinued ten of its cash flow hedge interest rate swaps through early termination agreements. The Company considered the forecasted transactions as still probable for seven of those interest rate swaps

424000 225000 647000 733000

399776000

from September 2026 through March 2028

0.0313

three-month SOFR and six-month SOFR

1167000

201000

878000

-998000

1368000

-1284000

five bunker swap agreements and seven other commodities swap agreements

to hedge its exposure to bunker price fluctuations associated with the consumption of bunkers by its vessels and the European Union Allowances (“EUAs”) exposure

between July 2026 through August 2027

eight bunker agreements and eight EUAs swap agreements six bunker agreements and one EUAs swap agreement

935000

963000

-638000

-408000

1898000

-449000

481000 73000 538000

56000

100000

296000

9. Stockholders' Equity On <span id="xdx_908_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_pip0_c20260101__20260130__us-gaap--StatementClassOfStockAxis__custom--SeriesFPreferredStockIIMember_zvIPEhVUFVsf" title="Dividends paid">January 30, 2026, and <span id="xdx_90F_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_pip0_c20260101__20260430__us-gaap--StatementClassOfStockAxis__custom--SeriesFPreferredStockIIMember_zgbkkpR1qaid" title="Dividends paid">April 30, 2026, the Company paid dividends of $0.59375 per share, $8,012 in aggregate, on its Series F Preferred Shares. On <span id="xdx_902_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_pip0_c20250101__20250130__us-gaap--StatementClassOfStockAxis__custom--SeriesFPreferredStockIIMember_zods8cZA2skk" title="Dividends paid">January 30, 2025, and <span id="xdx_90D_eus-gaap--DividendPayableDateToBePaidDayMonthAndYear_pip0_c20250101__20250430__us-gaap--StatementClassOfStockAxis__custom--SeriesFPreferredStockIIMember_zTVfFcOiLB64" title="Dividends paid">April 30, 2025, the Company paid dividends of $0.59375 per share, $8,012 in aggregate, on its Series F Preferred Shares. On March 2, 2026, and May 28, 2026, the Company paid dividends of $0.57812 per share $5,488 in total, on its Series E Preferred Shares. On February 28, 2025, and May 28, 2025, the Company paid dividends of $0.57812 per share $5,488 in total, on its Series E Preferred Shares. On February 19, 2026, the Company paid dividend of $0.50 per common share amounting to $15,064 and on June 15, 2026, the Company declared a dividend of $1.00 per common share payable on July 30, 2026, to the shareholders of record as of July 23, 2026. On March 27, 2025, the Company declared the first semi-annual dividend of $0.60 per common share, $18,077 in total, which was paid on July 18, 2025. On May 1, 2024, the Company’s Board of Directors adopted, in accordance with Bermuda law, the Tsakos Energy Navigation Limited 2024 Equity Incentive Plan (the “2024 Plan”), which replaced the Company’s share-based incentive plan adopted in 2012. The 2024 Plan permits the Company to grant share options or other share based awards with respect to up to <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized_iI_pip0_c20240501__us-gaap--PlanNameAxis__custom--Plan2024Member__srt--RangeAxis__srt--MaximumMember_zN5Z287kuR3h">1,000,000 of the Company’s common shares to its directors and officers, to the officers of the vessels in the fleet, and to the directors, officers and employees of our managers. On July 24, 2024, <span id="xdx_900_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod_pip0_uShares_c20240101__20240724__us-gaap--PlanNameAxis__custom--Plan2024Member_zbEJ8hinleM8" title="Restricted shares">625,000 restricted common shares were granted under the 2024 Plan to Company directors and officers as well as other employees and persons who provide services to the Company and its subsidiaries and employees of any management company, of which <span id="xdx_904_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod_pip0_uShares_c20240101__20240724__us-gaap--PlanNameAxis__custom--Plan2024Member_zhRqzWzZlLJ6" title="Forfeited shares">3,000 shares were subsequently forfeited during the second half of 2024. The restricted shares were scheduled to vest upon satisfaction of the time-based and performance-based conditions. The time-based condition is satisfied so long as the participant continues to have a service relationship with the Company or its subsidiaries or any management company on the applicable vesting dates. The performance-based condition is satisfied upon determination by the Company that the fleet utilization as defined in the awards, equals or exceeds 85% for the period from January 1, 2024 through the end of the last complete fiscal quarter preceding each vesting date. The vesting schedule is as follows: <span id="xdx_90D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pip0_dp_uPure_c20250101__20250101__us-gaap--PlanNameAxis__custom--Plan2024Member_zO5ahSOqtmfh" title="Award vesting percentage">25% of the shares vested on January 1, 2025, <span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pip0_dp_uPure_c20250101__20250701__us-gaap--PlanNameAxis__custom--Plan2024Member_zaiolM4xnyIc">25% vested on July 1, 2025, <span id="xdx_903_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pip0_dp_uPure_c20260101__20260101__us-gaap--PlanNameAxis__custom--Plan2024Member_zMCLFQ8GvHYk">25% vested on January 1, 2026, and <span id="xdx_907_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardAwardVestingRightsPercentage_pip0_dp_uPure_c20260101__20260701__us-gaap--PlanNameAxis__custom--Plan2024Member__us-gaap--VestingAxis__custom--VestOnJuly12026Member_zL4lHwnTAnv9">25% vested on July 1, 2026. During the first half of 2026 and 2025, stock-based compensation expense on restricted common stock amounted to $1,020 and $4,578, respectively, whereas total unrecognized stock-based compensation expense relating to the Company’s outstanding restricted common stock was $nil as of June 30, 2026 ($<span id="xdx_901_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pn3n3_c20250630_zTkXBk0skAo1" title="Share based compensation of restricted shares">3,511 as of June 30, 2025). During the second quarter of 2026 and 2025, stock-based compensation expense on restricted common shares amounted to $507 and $2,302, respectively. <span id="xdx_90E_eus-gaap--EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions_iI_pn3n3_c20260630_zaVqe93TseP8" style="display: none" title="Share based compensation of restricted shares">0 Movements under this plan are as follows: <p id="xdx_892_eus-gaap--ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_zCwOwq7uDeS8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; display: none; text-align: justify">Stockholder’s Equity - Plan 2024 movements (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left; width: 45%"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Granted</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Forfeited</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Vested</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Balance of Non-Vested RSUs</td> <td style="vertical-align: middle; white-space: nowrap; padding-left: 5.4pt; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Grant – Date Fair Value per share</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">December 31, 2024</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zWu7m3potb28" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zaXtpJCD8VF" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zRaen7BNT913" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">— </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zH3o8F75acl8" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">622,000</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zLC4RmKH6bH9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">Vested January 1 to June 30, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_z7r2cEXyInQf" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zopt1jQ5EgW1" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zkRYBsClHuGa" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zkrYeHNEVfSk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">(155,500)</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zpBFJhmjdwHk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">26.07</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">June 30, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zdYnYLp7Fflb" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zrlIdqzDD3p5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zqt2cl40VnY5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zZutKo4ufPWl" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">466,500</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zBUwtqBuIApk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">December 31, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zSI1FjGSqcb5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber2_iNS_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zD5j2FlugyE9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber3_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zrYSJEVXgR13" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">(311,000)</td> <td style="white-space: nowrap; vertical-align: bottom"></td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zYKkW9jUgTB4" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">311,000</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zKJ5xVF7KtNd" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">Vested January 1 to June 30, 2026</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zNZOkpRjD971" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zQu4WfjGFtff" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod2_iN_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zulYlz7DyCc9" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod2_iN_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zcTBKJa2e5Q5" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">(155,500)</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zq0RtgsHFSX7" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">26.07</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">June 30, 2026</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zZ3bJOAqToQ9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber2_iNE_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zH2smGGHMyz6" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber3_iNE_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zAIDQvUVOryh" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">(466,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zGRcbrdac4Gj" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">155,500</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zj7UvUL5SqU3" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">26.07</td></tr> </table> During the first half of 2026 and 2025, the Company had no new issuances of shares (other than the restricted shares discussed above). The Company owns <span id="xdx_90D_eus-gaap--MinorityInterestOwnershipPercentageByParent_iI_pip0_dp_uPure_c20260630__srt--ConsolidatedEntitiesAxis__custom--MareSuccessSAMember__srt--OwnershipAxis__custom--TsakosEnergyNavigationLimitedAndSubsidiariesMember_zGYd2LdipFt6">51% of Mare Success S.A., the holding-company of two Liberian registered companies which own the vessels Selini and Salamina and two Marshall Islands registered companies which own the vessels Byzantion and Bosporos. <span id="xdx_906_eus-gaap--MinorityInterestOwnershipPercentageByNoncontrollingOwners_iI_pip0_dp_uPure_c20260630__srt--OwnershipAxis__custom--PolarisOilShippingIncMember__srt--ConsolidatedEntitiesAxis__custom--MareSuccessSAMember_zXfRRrBNjHV7">49% of Mare Success S.A. is owned by Polaris Oil Shipping Inc. (“Polaris”), an affiliate of the Company’s charterer, Flopec Petrolera Ecuatoriana (“Flopec”). Mare Success S.A. is fully consolidated in the accompanying consolidated financial statements. There have been no transactions between Polaris and the Company since the incorporation of Mare Success S.A. No revenue was generated through charter agreements with Flopec during the second quarter and the first half of 2026, compared to 4.6% of the Company’s revenue in the prior year quarter and 4.7% in the prior year’s first half. 0

2026-01-30

2026-04-30

0.59375

8012000

2025-01-30

2025-04-30

0.59375

8012000

2026-03-02

2026-05-28

0.57812

5488000

2025-02-28

2025-05-28

0.57812

5488000

2026-02-19

0.50

15064000

2026-06-15

1.0

2026-07-30

2026-07-23

2025-03-27

0.60

18077000

2025-07-18

1000000

625000

3000

The performance-based condition is satisfied upon determination by the Company that the fleet utilization as defined in the awards, equals or exceeds 85% for the period from January 1, 2024 through the end of the last complete fiscal quarter preceding each vesting date

0.25

1020000

4578000

3511000

507000

2302000

<p id="xdx_892_eus-gaap--ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock_zCwOwq7uDeS8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; display: none; text-align: justify">Stockholder’s Equity - Plan 2024 movements (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left; width: 45%"> </td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Granted</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Forfeited</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Number of RSUs Vested</td> <td style="white-space: nowrap; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Balance of Non-Vested RSUs</td> <td style="vertical-align: middle; white-space: nowrap; padding-left: 5.4pt; text-align: right; width: 1%"> </td> <td style="vertical-align: middle; padding-left: 5.4pt; text-align: right; width: 10%">Grant – Date Fair Value per share</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">December 31, 2024</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zWu7m3potb28" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zaXtpJCD8VF" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zRaen7BNT913" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">— </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zH3o8F75acl8" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">622,000</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iS_pip0_d0_c20250101__20251231__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zLC4RmKH6bH9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2024">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">Vested January 1 to June 30, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98F_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_z7r2cEXyInQf" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zopt1jQ5EgW1" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_986_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zkRYBsClHuGa" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_987_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zkrYeHNEVfSk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">(155,500)</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_988_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod1_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zpBFJhmjdwHk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2025">26.07</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">June 30, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_980_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zdYnYLp7Fflb" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98E_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zrlIdqzDD3p5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_985_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zqt2cl40VnY5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"></td> <td id="xdx_989_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zZutKo4ufPWl" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">466,500</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98D_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber1_iE_pip0_d0_c20250101__20250630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zBUwtqBuIApk" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2025">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt"> </td> <td style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">December 31, 2025</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_982_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zSI1FjGSqcb5" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber2_iNS_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zD5j2FlugyE9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98A_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber3_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zrYSJEVXgR13" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">(311,000)</td> <td style="white-space: nowrap; vertical-align: bottom"></td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zYKkW9jUgTB4" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">311,000</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iS_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zKJ5xVF7KtNd" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="December 31, 2025">26.07</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">Vested January 1 to June 30, 2026</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zNZOkpRjD971" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_985_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zQu4WfjGFtff" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">—</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_982_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod2_iN_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zulYlz7DyCc9" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">(155,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_98B_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod2_iN_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zcTBKJa2e5Q5" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">(155,500)</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zq0RtgsHFSX7" style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="Vested January 1 to June 30, 2026">26.07</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; white-space: nowrap; padding-right: 5.4pt; text-align: left">June 30, 2026</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsGrantedMember_zZ3bJOAqToQ9" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">625,000</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber2_iNE_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsForfeitedMember_zH2smGGHMyz6" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">(3,000)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_983_ecustom--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber3_iNE_pip0_di0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--NumberOfRSUsVestedMember_zAIDQvUVOryh" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">(466,500)</td> <td style="white-space: nowrap; vertical-align: bottom"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--BalanceOfNonVestedRSUsMember_zGRcbrdac4Gj" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">155,500</td> <td style="text-align: right; white-space: nowrap; vertical-align: middle; padding-left: 5.4pt">$</td> <td id="xdx_98E_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber_iE_pip0_d0_c20260101__20260630__us-gaap--AwardTypeAxis__custom--GrantDateFairValueMember_zj7UvUL5SqU3" style="white-space: nowrap; vertical-align: middle; padding-left: 5.4pt; text-align: right" title="June 30, 2026">26.07</td></tr> </table>

625000 -3000 0 622000 26.07 0 0 -155500 -155500 26.07 625000 -3000 -155500 466500 26.07

625000

3000 -311000

311000

26.07

155500 155500

26.07

625000

3000 466500

155500

26.07

0.51

0.49

0.046 0.047 0

10. Investments in debt securities As of December 31, 2025, the Company held six investments in debt securities classified as held to maturity and recognized at amortized cost basis with carrying value $40,374 (current portion $15,141 and non-current portion $25,233). On January 28, 2026, the Company entered into an investment in a senior unsecured bond in the amount of $10,000 to receive a coupon rate of 4.25% on a semi-annual basis. On February 11, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $5,000. Interest income is earned on a <span id="xdx_90E_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260211__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026IMember_zq3zKRgpM65" title="interest income frequence receipt">quarterly basis on the 18th day of February, May, August and November in each year from, and including, May 18, 2026, to, and including, February 18, 2033. On March 13, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $5,000. Interest income is earned on a <span id="xdx_90C_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260313__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026IIMember_zUSUnltbIzw8" title="interest income frequence receipt">quarterly basis on the 18th day of March, June, September and December in each year from, and including, June 18, 2026, to, and including, March 18, 2033. On March 23, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $10,000. Interest income is earned on a <span id="xdx_90D_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260323__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026IIIMember_zDE0NcYmOxOa" title="interest income frequence receipt">quarterly basis on the 30th day of March, June, September and December in each year from, and including, June 30, 2026, to, and including, March 30, 2033. On February 17, 2026, an investment of debt securities amounting to $10,000 was redeemed. On April 28, 2025, an investment of debt securities amounting to $5,000 was redeemed. The issuer exercised their redemption option as per contractual terms. These proceeds are reflected in the accompanying consolidated statements of cash flows. On March 27, 2026, the Company entered into an investment in a senior unsecured bond in the amount of $6,000 to receive a coupon rate of 5.00% on a quarterly basis. On April 1, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $10,000. Interest income is earned on a <span id="xdx_903_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260401__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026IVMember_zw5la9JAOQN4" title="interest income frequence receipt">quarterly basis on the 10th day of January, April, July and October in each year from, and including, July 10, 2026, to, and including, April 10, 2033. On May 22, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $5,000. Interest income is earned on a <span id="xdx_905_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260522__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026VMember_zJegXcjZIack" title="interest income frequence receipt">quarterly basis on the 8th day of September, December, March and June in each year from, and including, September 8, 2026, to, and including, June 8, 2033. On June 15, 2026, the Company entered into a seven-year investment agreement in debt securities, amounting to $5,000. Interest income is earned on a <span id="xdx_90F_ecustom--DebtSecurityInterestFrequencyOfPeriodicReceipt_iI_c20260615__us-gaap--FinancialInstrumentAxis__custom--SevenYearInvestment2026VIMember_zE6XcyixC5rc" title="interest income frequence receipt">quarterly basis on the 30th day of September, December, March and June in each year from, and including, September 30, 2026, to, and including, June 30, 2033. On June 23, 2026, the Company entered into an investment of one seven-year, two six-year and one five-year senior unsecured bonds at a total face value of $19,500 and paid a premium of $223 in total, to receive coupon rates of 4.65%, 5.174%, 5.049% and 4.909% on a six-month period. As of December 31, 2025, the Company held an investment classified as available for sale of $15,494. On February 9, 2026, the Company redeemed its investment classified as available for sale, with realized gains amounting to $127 recognized under interest income in the Company’s consolidated statements of comprehensive income. As of June 30, 2026, the Company held seventeen investments in debt securities classified as held to maturity and recognized at amortized cost basis with carrying value $106,413. The maturity schedule of the outstanding investments in debt securities as of June 30, 2026, is as follows: Investments in debt securities - maturity schedule of the outstanding investments in debt securities (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: White"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 76%">Maturity date</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 10%">Carrying amount</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 10%">Fair value</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom">Due within 1 year</td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right">$</td> <td id="xdx_985_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zVGsR77Ltjc7" style="vertical-align: middle; text-align: right">15,143</td> <td> </td> <td>$</td> <td id="xdx_98B_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zohi1uAfk8O2" style="vertical-align: middle; text-align: right">15,142</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Due in 1-5 years</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_z0X6ZJJXW4mg" style="vertical-align: middle; text-align: right">35,916</td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zlWq8AiA3vEa" style="vertical-align: middle; text-align: right">35,477</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom">Due in 5-10 years</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom"> </td> <td id="xdx_984_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zBSH4nzZlQjd" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right">55,354</td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td id="xdx_98C_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_z7ZieI5HeHd6" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right">51,499</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Total</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 2pt double; vertical-align: bottom; text-align: right">$</td> <td id="xdx_986_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zACyIKzYkkDj" style="border-bottom: Black 2pt double; vertical-align: middle; text-align: right">106,413</td> <td> </td> <td style="border-bottom: Black 2pt double">$</td> <td id="xdx_98B_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zsFiHlXP8u6f" style="border-bottom: Black 2pt double; vertical-align: middle; text-align: right">102,118</td></tr> </table> No allowance for credit losses was warranted on investments as of June 30, 2026 and December 31, 2025, respectively.

40374000

15141000 25233000

10000000

0.0425

5000000

quarterly basis on the 18th day of February, May, August and November in each year from, and including, May 18, 2026, to, and including, February 18, 2033

5000000

quarterly basis on the 18th day of March, June, September and December in each year from, and including, June 18, 2026, to, and including, March 18, 2033

10000000

quarterly basis on the 30th day of March, June, September and December in each year from, and including, June 30, 2026, to, and including, March 30, 2033

10000000

5000000

6000000

0.0500

10000000

quarterly basis on the 10th day of January, April, July and October in each year from, and including, July 10, 2026, to, and including, April 10, 2033

5000000

quarterly basis on the 8th day of September, December, March and June in each year from, and including, September 8, 2026, to, and including, June 8, 2033

5000000

quarterly basis on the 30th day of September, December, March and June in each year from, and including, September 30, 2026, to, and including, June 30, 2033

19500000

223000

0.0465

0.05174

0.05049

0.04909

15494000

127000

106413000

Investments in debt securities - maturity schedule of the outstanding investments in debt securities (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: White"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 76%">Maturity date</td> <td style="vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 10%">Carrying amount</td> <td style="width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right; width: 10%">Fair value</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom">Due within 1 year</td> <td style="vertical-align: bottom; text-align: right"></td> <td style="vertical-align: bottom; text-align: right">$</td> <td id="xdx_985_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zVGsR77Ltjc7" style="vertical-align: middle; text-align: right">15,143</td> <td> </td> <td>$</td> <td id="xdx_98B_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zohi1uAfk8O2" style="vertical-align: middle; text-align: right">15,142</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Due in 1-5 years</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="vertical-align: bottom; text-align: right"> </td> <td id="xdx_987_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_z0X6ZJJXW4mg" style="vertical-align: middle; text-align: right">35,916</td> <td> </td> <td> </td> <td id="xdx_985_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zlWq8AiA3vEa" style="vertical-align: middle; text-align: right">35,477</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom">Due in 5-10 years</td> <td style="vertical-align: bottom"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom"> </td> <td id="xdx_984_eus-gaap--HeldtomaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenAmortizedCost_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zBSH4nzZlQjd" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right">55,354</td> <td> </td> <td style="border-bottom: Black 0.5pt solid"> </td> <td id="xdx_98C_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesRollingYearSixThroughTenFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_z7ZieI5HeHd6" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right">51,499</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom">Total</td> <td style="vertical-align: bottom; text-align: right"> </td> <td style="border-bottom: Black 2pt double; vertical-align: bottom; text-align: right">$</td> <td id="xdx_986_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--CarryingAmountMember_zACyIKzYkkDj" style="border-bottom: Black 2pt double; vertical-align: middle; text-align: right">106,413</td> <td> </td> <td style="border-bottom: Black 2pt double">$</td> <td id="xdx_98B_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateFairValue_iI_pn3n3_d0_c20260630__us-gaap--FinancialInstrumentAxis__custom--FairValueMember_zsFiHlXP8u6f" style="border-bottom: Black 2pt double; vertical-align: middle; text-align: right">102,118</td></tr> </table>

15143000

15142000

35916000

35477000

55354000

51499000

106413000

102118000

11. Earnings per common share The computation of basic and diluted earnings per share is based on the weighted average number of common shares outstanding during the period. The Company calculates basic earnings per share in conformity with the two-class method required for companies with participating securities. Non-vested restricted common stock granted under the Company’s 2024 Plan, are entitled to receive dividends which are not refundable, and therefore are considered participating securities (Note 9). Under the two-class method, net income is reduced by the amount of dividends declared or accumulated in the current period for common stockholders and participating security holders. The remaining earnings or “undistributed income” is allocated between common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Once calculated, basic earnings per share is computed by dividing the net income attributable to common stockholders by the weighted average number of common shares outstanding during each year presented, less shares subject to repurchase. The Company’s participating securities do not contractually require their holders to participate in the Company’s losses. The calculation of basic earnings per share does not consider the non-vested restricted common stock as outstanding. Diluted earnings per share is computed by giving effect to all potentially dilutive common share equivalents outstanding for the period. For the first half and the second quarter of 2026 and 2025, respectively, securities that could potentially dilute basic earnings per share in the future, included in the computation of diluted earnings per share, were the non-vested restricted common stock. The treasury stock method 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 148,441 and 140,285 for the second quarter and first half of 2026, respectively, (200,639 and 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. The following table sets forth the computation of basic and diluted net income per share: Earnings per Common Share (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td id="xdx_49A_20260401__20260630_zkZHGQ5zdmze" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zsWNy3lE7339" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td id="xdx_49B_20260101__20260630_z06osFj1fdl2" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td colspan="2" id="xdx_492_20250101__20250630_zuAZzkz2GcDc" style="padding-right: 4.8pt; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 4.8pt; text-align: center">Three months ended June 30,</td> <td style="padding-right: 0.8pt"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 4.8pt; text-align: center">Six months ended June 30, </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; line-height: 107%; width: 53%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2025</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2025</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareReconciliationAbstract_i01B_zRr1PBLx6qpa" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Numerator</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_pn3n3_z7qjVrBkVLVa" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Net income attributable to Tsakos Energy Navigation Limited</td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">139,300</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">26,833</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">228,142</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">64,544</td></tr> <tr id="xdx_40A_ecustom--PreferredStockSeriesEDividendsIncomeStatementImpact_pn3n3_d0_zNLs4GpypKxi" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Preferred share dividends Series E</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(2,744)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(2,744)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(5,488)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(5,488)</td></tr> <tr id="xdx_403_ecustom--PreferredStockSeriesFDividendsIncomeStatementImpact_pn3n3_zZX0NyXj3oua" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Preferred share dividends Series F</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(4,006)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(4,006)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,012)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,012)</td></tr> <tr id="xdx_40B_eus-gaap--UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_iN_pn3n3_di0_zN7WbjNZTDI7" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Undistributed and distributed income allocated to non-vested restricted common stock</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(684)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(313)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,108)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(513)</td></tr> <tr id="xdx_40D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_iT_pn3n3_zQVDCj2KBQ0e" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Net income attributable to common stockholders of Tsakos Energy Navigation Limited</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">131,866</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">19,770</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">213,534</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">50,531</td></tr> <tr id="xdx_401_eus-gaap--WeightedAverageNumberOfSharesOutstandingAbstract_iB_zLn1OE1sVp5l" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Denominator</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Weighted average number of shares basic and diluted</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260401__20260630_z2Hwc8pYpJGa" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Weighted average number of shares, basic">29,972,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td id="xdx_989_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250401__20250630_z8OZVI7mkAi4" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Weighted average number of shares, diluted">29,661,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_90C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260101__20260630_zje2g5OYYjm2" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,972,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; text-align: right"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_902_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250101__20250630_zz5W2JgY0On8" title="Weighted average number of shares, basic"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250101__20250630_zvciPTaPj4Ai" title="Weighted average number of shares, diluted">29,661,103</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Earnings per share attributable to Tsakos Energy Navigation Limited, basic and diluted</td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_988_eus-gaap--EarningsPerShareBasic_pip0_c20260401__20260630_zcFwzRrbFOL7" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">4.40</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_989_eus-gaap--EarningsPerShareBasic_pip0_c20250401__20250630_zHQeb9RrgfJg" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">0.67</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_986_eus-gaap--EarningsPerShareBasic_pip0_c20260101__20260630_zOHK5j0c0Qu1" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">7.12</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_98B_eus-gaap--EarningsPerShareBasic_pip0_c20250101__20250630_z0DUaudq6rqb" style="vertical-align: bottom; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">1.70</td></tr> </table>

148441

140285

200639

134078

Earnings per Common Share (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td id="xdx_49A_20260401__20260630_zkZHGQ5zdmze" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td colspan="2" id="xdx_49A_20250401__20250630_zsWNy3lE7339" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td id="xdx_49B_20260101__20260630_z06osFj1fdl2" style="padding-right: 4.8pt; text-align: right"> </td> <td style="padding-right: 4.8pt; text-align: right"> </td> <td colspan="2" id="xdx_492_20250101__20250630_zuAZzkz2GcDc" style="padding-right: 4.8pt; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 4.8pt; text-align: center">Three months ended June 30,</td> <td style="padding-right: 0.8pt"> </td> <td colspan="5" style="border-bottom: Black 0.5pt solid; vertical-align: middle; padding-right: 4.8pt; text-align: center">Six months ended June 30, </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; line-height: 107%; width: 53%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2025</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: right; width: 10%">2025</td></tr> <tr id="xdx_400_eus-gaap--EarningsPerShareReconciliationAbstract_i01B_zRr1PBLx6qpa" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Numerator</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td></tr> <tr id="xdx_409_eus-gaap--NetIncomeLoss_pn3n3_z7qjVrBkVLVa" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Net income attributable to Tsakos Energy Navigation Limited</td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">139,300</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">26,833</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">228,142</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">64,544</td></tr> <tr id="xdx_40A_ecustom--PreferredStockSeriesEDividendsIncomeStatementImpact_pn3n3_d0_zNLs4GpypKxi" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Preferred share dividends Series E</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(2,744)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(2,744)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(5,488)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(5,488)</td></tr> <tr id="xdx_403_ecustom--PreferredStockSeriesFDividendsIncomeStatementImpact_pn3n3_zZX0NyXj3oua" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Preferred share dividends Series F</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(4,006)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(4,006)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,012)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">(8,012)</td></tr> <tr id="xdx_40B_eus-gaap--UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic_iN_pn3n3_di0_zN7WbjNZTDI7" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Undistributed and distributed income allocated to non-vested restricted common stock</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(684)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(313)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(1,108)</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">(513)</td></tr> <tr id="xdx_40D_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_iT_pn3n3_zQVDCj2KBQ0e" style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Net income attributable to common stockholders of Tsakos Energy Navigation Limited</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">131,866</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">19,770</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">213,534</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">50,531</td></tr> <tr id="xdx_401_eus-gaap--WeightedAverageNumberOfSharesOutstandingAbstract_iB_zLn1OE1sVp5l" style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Denominator</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Weighted average number of shares basic and diluted</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td id="xdx_98E_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20260401__20260630_z2Hwc8pYpJGa" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Weighted average number of shares, basic">29,972,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td id="xdx_989_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250401__20250630_z8OZVI7mkAi4" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Weighted average number of shares, diluted">29,661,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_90C_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20260101__20260630_zje2g5OYYjm2" style="font-family: Times New Roman, Times, Serif; font-size: 10pt">29,972,103</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; text-align: right"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_902_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_pip0_c20250101__20250630_zz5W2JgY0On8" title="Weighted average number of shares, basic"><span class="xdx_phnt_U3RhdGVtZW50IC0gQ29uc29saWRhdGVkIFN0YXRlbWVudHMgb2YgQ29tcHJlaGVuc2l2ZSBJbmNvbWUgKFVuYXVkaXRlZCkA" id="xdx_90D_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_pip0_c20250101__20250630_zvciPTaPj4Ai" title="Weighted average number of shares, diluted">29,661,103</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Earnings per share attributable to Tsakos Energy Navigation Limited, basic and diluted</td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_988_eus-gaap--EarningsPerShareBasic_pip0_c20260401__20260630_zcFwzRrbFOL7" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">4.40</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_989_eus-gaap--EarningsPerShareBasic_pip0_c20250401__20250630_zHQeb9RrgfJg" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">0.67</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_986_eus-gaap--EarningsPerShareBasic_pip0_c20260101__20260630_zOHK5j0c0Qu1" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">7.12</td> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">$</td> <td id="xdx_98B_eus-gaap--EarningsPerShareBasic_pip0_c20250101__20250630_z0DUaudq6rqb" style="vertical-align: bottom; text-align: right" title="Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders">1.70</td></tr> </table>

139300000

26833000

228142000

64544000

-2744000 -2744000 -5488000 -5488000 -4006000 -4006000 -8012000 -8012000

684000

313000

1108000

513000

131866000

19770000

213534000

50531000

29972103

29661103

29972103

29661103

4.40

0.67

7.12

1.70

12. Commitments and Contingencies As of June 30, 2026, the Company had twenty vessels under construction, comprising ten DP2 shuttle tankers, two LNG carriers, three VLCC tankers and five LR1 tankers. The total contracted amount remaining to be paid for the twenty vessels under construction plus the extra costs agreed as of June 30, 2026, was $2,233,409. The amount of $<span id="xdx_90E_eus-gaap--UnrecordedUnconditionalPurchaseObligationBalanceOnFirstAnniversary_iI_pn3n3_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwentyVesselsUnderConstructionMember_zCSmE7387i1l">228,339 is due to be paid within the second half of 2026, the amount of $<span id="xdx_901_eus-gaap--UnrecordedUnconditionalPurchaseObligationBalanceOnSecondAnniversary_iI_pn3n3_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwentyVesselsUnderConstructionMember_zA2IH8I1Nbf8">723,029 in 2027, the amount of $<span id="xdx_909_eus-gaap--UnrecordedUnconditionalPurchaseObligationBalanceOnThirdAnniversary_iI_pin3_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwentyVesselsUnderConstructionMember_zhVrQC0Zznj9">1,127,374 in 2028 and the amount of $<span id="xdx_906_eus-gaap--UnrecordedUnconditionalPurchaseObligationBalanceOnFourthAnniversary_iI_pn3n3_c20260630__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--TwentyVesselsUnderConstructionMember_z3pExviUgk4c">154,667 in 2029. In the ordinary course of the shipping business, various claims and losses may arise from disputes with charterers, agents and other suppliers relating to the operations of the Company’s vessels. Management believes that all such matters are either adequately covered by insurance or are not expected to have a material adverse effect on the Company’s results from operations or financial condition. Charters-out The future minimum revenues of vessels in operation at June 30, 2026, before reduction for brokerage commissions and assuming no off-hire days, expected to be recognized on non-cancelable time charters are as follows: Commitments and Contingencies - Minimum Future Charter Revenue (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: bottom; padding-right: 0.8pt; width: 85%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td id="xdx_49D_20260630_zVmc0EdYpAie" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; width: 13%"> </td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Period/ Year</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_403_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableCurrent1_iI_pn3n3_maOLFMPzwXK_zNY23iRVq4u9" style="background-color: #CCEEFF"> <td style="vertical-align: bottom; padding-right: 0.8pt">July 1 to December 31, 2026</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">283,413</td></tr> <tr id="xdx_409_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears1_iI_pn3n3_maOLFMPzwXK_zm0ZscRkYGt4" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">403,371</td></tr> <tr id="xdx_40C_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears1_iI_pn3n3_maOLFMPzwXK_zUmwmDsUo8D1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">240,174</td></tr> <tr id="xdx_404_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears1_iI_pn3n3_maOLFMPzwXK_z2ghMtZrN61g" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">143,169</td></tr> <tr id="xdx_40D_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears1_iI_pn3n3_maOLFMPzwXK_zbkFRafejOT5" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">135,684</td></tr> <tr id="xdx_405_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableThereafter1_iI_pn3n3_maOLFMPzwXK_z1RKWI33wzWb" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 to 2038</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">329,203</td></tr> <tr id="xdx_40F_ecustom--OperatingLeasesFutureMinimumPaymentsReceivable1_iTI_pn3n3_mtOLFMPzwXK_z9sQhoT8PoLf" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Minimum charter revenues</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,535,014</td></tr> </table>

10 2 3 5

2233409000

228339000

723029000

1127374000

154667000

Commitments and Contingencies - Minimum Future Charter Revenue (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="vertical-align: bottom; padding-right: 0.8pt; width: 85%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td id="xdx_49D_20260630_zVmc0EdYpAie" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right; width: 13%"> </td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Period/ Year</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center">Amount</td></tr> <tr id="xdx_403_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableCurrent1_iI_pn3n3_maOLFMPzwXK_zNY23iRVq4u9" style="background-color: #CCEEFF"> <td style="vertical-align: bottom; padding-right: 0.8pt">July 1 to December 31, 2026</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">283,413</td></tr> <tr id="xdx_409_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears1_iI_pn3n3_maOLFMPzwXK_zm0ZscRkYGt4" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2027</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">403,371</td></tr> <tr id="xdx_40C_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears1_iI_pn3n3_maOLFMPzwXK_zUmwmDsUo8D1" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2028</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">240,174</td></tr> <tr id="xdx_404_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInFourYears1_iI_pn3n3_maOLFMPzwXK_z2ghMtZrN61g" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2029</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">143,169</td></tr> <tr id="xdx_40D_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears1_iI_pn3n3_maOLFMPzwXK_zbkFRafejOT5" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">2030</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">135,684</td></tr> <tr id="xdx_405_ecustom--OperatingLeasesFutureMinimumPaymentsReceivableThereafter1_iI_pn3n3_maOLFMPzwXK_z1RKWI33wzWb" style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">2031 to 2038</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: right">329,203</td></tr> <tr id="xdx_40F_ecustom--OperatingLeasesFutureMinimumPaymentsReceivable1_iTI_pn3n3_mtOLFMPzwXK_z9sQhoT8PoLf" style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Minimum charter revenues</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">1,535,014</td></tr> </table> 283413000 403371000 240174000 143169000 135684000 329203000 1535014000

13. Financial Instruments (a) Interest rate risk: The Company is subject to interest rate risk associated with changing interest rates with respect to its variable interest rate loans and financial liabilities as described in Notes 7, 8 and 9. (b) Concentration of credit risk: Financial Instruments subject to credit risk consist principally of cash, trade accounts receivable, short-term receivables related to seller’s credits under sale and leaseback transactions, investments in debt securities held to maturity, time deposits and derivatives. The Company places its temporary cash investments, consisting mostly of deposits, primarily with high credit qualified financial institutions. The Company performs periodic evaluations of the relative credit standing of those financial institutions that are considered in the Company’s investment strategy. The Company limits its credit risk with receivable by performing ongoing credit evaluations of its customers’ financial condition and generally does not require collateral for its receivable and does not have any agreements to mitigate credit risk. The Company limits the exposure of non-performance by counterparties to derivative instruments by diversifying among counterparties with high credit ratings and performing periodic evaluations of the relative credit standing of the counterparties. The Company performs relevant enquiries on a periodic basis to assess the recoverability of the short-term receivable related to seller’s credits under sale and leaseback transactions and estimates that the amount presented on the accompanying balance sheets approximates the amount that is expected to be received by the Company at the end of the non-cancellable lease period. (c) Fair value: The carrying amounts reflected in the accompanying interim consolidated balance sheet of cash and cash equivalents, restricted cash, trade accounts receivable, margin deposits, time deposits, accounts payable and due from (to) related parties, approximate their respective fair values due to the short maturity of these instruments. The fair value of long-term debt and other financial liabilities with variable interest rates approximate the recorded values, generally due to their variable interest rates, except for the long-term debt, relating to the pre- and post- delivery financing of the nine DP2 suezmax shuttle tankers, which contains credit enhancements, estimated using a discounted cash flow analysis, based on borrowings that do not contain third party credit enhancements (Level 2). The carrying value of the short-term receivables related to seller's credits under sale and leaseback transactions approximate their fair value. The carrying amount of investments in debt securities approximates their respective fair values due to their short maturity and/or the volatility of the underlying interest rates. The fair values of interest rate swap agreements, bunker swap agreements and other commodities swap agreements discussed in Note 8 above and the fair values of the investments in debt securities discussed in Note 10 above, are determined through Level 2 of the fair value hierarchy as defined in FASB guidance for Fair Value Measurements and are derived principally from or corroborated by observable market data, interest rates, yield curves and other items that allow value to be determined. The estimated fair values of the Company’s financial instruments, other than derivatives as of June 30, 2026, and December 31, 2025, are as follows: Financial Instruments - Schedule of Carrying Values and Estimated Fair Values of Financial Instruments (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt; width: 57%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Carrying Amount June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Fair Value June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Carrying Amount December 31, 2025 </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Fair Value December 31, 2025</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Financial assets (liabilities)</td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Cash and cash equivalents</td> <td id="xdx_984_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20260630_zOV5ub1hICF" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Carrying Amount">463,989</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20260630_zQcERvP5quva" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Fair Value">463,989</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20251231_zZosmYNqmZ4g" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Carrying Amount">293,312</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20251231_zHHI2RJFPni3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Fair Value">293,312</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Restricted cash</td> <td id="xdx_982_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20260630_z3LfY0bbyVb6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Carrying Amount">2,154</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_ecustom--RestrictedCashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20260630_zXD40pydnNY9" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Fair Value">2,154</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20251231_zf2RIniY0XK" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Carrying Amount">4,817</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_ecustom--RestrictedCashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20251231_zWwixUMLhhHj" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Fair Value">4,817</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Margin deposits</td> <td id="xdx_981_eus-gaap--MarginDepositAssets_iI_pn3n3_c20260630_z8agIc5MxiP2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Carrying Amount">4,470</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98E_ecustom--MarginDepositAssetsFairValueDisclosure_iI_pn3n3_c20260630_zPIccg2hMLh7" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Fair Value">4,470</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--MarginDepositAssets_iI_pn3n3_c20251231_zmANMNGAOeE4" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Carrying Amount">4,270</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_ecustom--MarginDepositAssetsFairValueDisclosure_iI_pn3n3_c20251231_za1zFFPg5rT3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Fair Value">4,270</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Time deposits</td> <td id="xdx_986_ecustom--TimeDepositsAssetsCurrent_iI_pn3n3_c20260630_zbJAjMcKTGX8" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Carrying Amount">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_ecustom--TimeDepositsAssetsFairValueDisclosure_iI_pn3n3_c20260630_zm0m1lRvxNp9" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Fair Value">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98E_ecustom--TimeDepositsAssetsCurrent_iI_pn3n3_c20251231_zu9oCCjTjOjb" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Carrying Amount">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_ecustom--TimeDepositsAssetsFairValueDisclosure_iI_pn3n3_c20251231_zbU8RdsTrqv6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Fair Value">5,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Short-term receivable</td> <td id="xdx_987_eus-gaap--FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_iI_pn3n3_c20260630_zHhZV8ObedGe" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Carrying Amount">4,418</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--ReceivablesFairValueDisclosure_iI_pn3n3_c20260630_zmTQDvg4G74i" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Fair Value">4,418</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_eus-gaap--FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_iI_pn3n3_c20251231_zBkQzaHianMk" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Carrying Amount">12,767</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--ReceivablesFairValueDisclosure_iI_pn3n3_c20251231_zQc9F77cm57d" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Fair Value">12,767</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Investments in debt securities, held to maturity (including short-term portion)</td> <td id="xdx_981_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_c20260630_zWiEDXHuv0ok" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Carrying Amount">106,413</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DebtSecuritiesHeldToMaturityFairValueCurrent_iI_pn3n3_c20260630_z20LLoJpCtMl" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Fair Value">102,118</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_c20251231_zZDGRkimFcsa" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Carrying Amount">40,374</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DebtSecuritiesHeldToMaturityFairValueCurrent_iI_pn3n3_c20251231_zjZMHVYNihq3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Fair Value">39,820</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Investment in debt securities, available for sale</td> <td id="xdx_98D_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_d0_c20260630_zP8T1FuzQyzc" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Carrying Amount"> —</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_ecustom--DebtSecuritiesFairValueDisclosure_iI_pn3n3_d0_c20260630_z1jbQb9w9Yci" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Fair Value"> —</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98F_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_d0_c20251231_zPYmBihaiCu6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Carrying Amount">15,494</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_989_ecustom--DebtSecuritiesFairValueDisclosure_iI_pn3n3_d0_c20251231_zwZcOGYUHV8" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Fair Value">15,494</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Debt and other financial liabilities</td> <td id="xdx_98E_eus-gaap--DebtInstrumentCarryingAmount_iNI_pn3n3_di_c20260630_z1kFsMcUYFN6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Carrying Amount">(2,114,163)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98F_eus-gaap--DebtInstrumentFairValue_iNI_pn3n3_di_c20260630_zNS0xgmUgIJf" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Fair Value">(2,112,737)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DebtInstrumentCarryingAmount_iNI_pn3n3_di_c20251231_ztWxYa4xlzRd" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Carrying Amount">(1,930,371)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DebtInstrumentFairValue_iNI_pn3n3_di_c20251231_zHLBnnXEJAL" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Fair Value">(1,930,371)</td></tr> </table> The Company does not offset fair value amounts recognized for derivatives by the right to reclaim cash collateral or the obligation to return cash collateral. The amount of collateral to be posted is defined in the terms of respective master agreement executed with counterparties or exchanges and is required when agreed upon threshold limits are exceeded. As of June 30, 2026, the Company deposited cash collateral related to its derivative instruments under its collateral security arrangements of $4,470 ($4,270 as of December 31, 2025), which is recorded within margin deposits in the accompanying consolidated balance sheets. Tabular Disclosure of Derivatives Location Derivatives are recorded in the consolidated balance sheets on a net basis by counterparty when a legal right of set-off exists. The following tables present information with respect to the fair values of derivatives reflected in the consolidated balance sheets on a gross basis by transaction. The tables also present information with respect to gains and losses on derivative positions reflected in the consolidated statements of comprehensive income or in the consolidated balance sheets, as a component of accumulated other comprehensive income. <p id="xdx_89D_eus-gaap--ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zYxeU9h8w3jk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial Instruments - Schedule of Derivative Instruments - Statements of Financial Position Location (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"> </td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Asset Derivatives</td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Liability Derivatives</td></tr> <tr style="background-color: white"> <td style="vertical-align: bottom; padding-right: 0.8pt; width: 45%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">December 31, 2025</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">December 31, 2025</td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Balance Sheet Location </td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td></tr> <tr style="background-color: White"> <td colspan="7" style="vertical-align: top; padding-right: 6.8pt">Derivatives not designated as hedging instruments</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; padding-right: 0.8pt">Interest rate swaps</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments—Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zjw1UrFSMfX2" style="padding-right: 0.8pt; text-align: right">1,441</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zqunv7YckRob" style="padding-right: 0.8pt; text-align: right">1,126</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_985_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zR1th4KhJL1k" style="padding-right: 0.8pt; text-align: right">220</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_985_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zKIlT0BLI7x" style="padding-right: 0.8pt; text-align: right">1,019</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; padding-right: 0.8pt">Interest rate swaps </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Financial instruments—Fair Value, net of current portion</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zTQHhPilpHM4" style="padding-right: 0.8pt; text-align: right">20</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zpp1YhwD994i" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zDF2Zquziatj" style="padding-right: 0.8pt; text-align: right">75</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zGqBuhDmEmWb" style="padding-right: 0.8pt; text-align: right">308</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and EUAs swaps</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments — Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zdJVCgg6fGM" style="padding-right: 0.8pt; text-align: right">940</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_z3wlQT1P4n46" style="padding-right: 0.8pt; text-align: right">170</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zLUedzPp9bJl" style="padding-right: 0.8pt; text-align: right">291</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_ziwWvse71PN3" style="padding-right: 0.8pt; text-align: right">968</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and EUAs swaps </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Financial instruments—Fair Value, net of current portion</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zU07f3I3FwUf" style="padding-right: 0.8pt; text-align: right">322</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zyV1fvbryjf5" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zW9qnLAGiUwk" style="padding-right: 0.8pt; text-align: right">35</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zoAjH9PRJ68k" style="padding-right: 0.8pt; text-align: right">165</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">FX derivative</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments—Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zh7LemGPv2Qi" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_983_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zImhyNNzbp6l" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_z9vjd5rJK9df" style="padding-right: 0.8pt; text-align: right">50</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zrWvFUbPogRf" style="padding-right: 0.8pt; text-align: right">—</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Total derivatives</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-left: 6.45pt; text-align: center"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeInstrumentsInHedgesAssetsAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_zdykZMuj554h" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Assets">2,723</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeInstrumentsInHedgesAssetsAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_zKBoh5fymo97" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Assets">1,296</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_z6AiGYEknyfi" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Liabilities">671</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_z3ITUrRWYT5j" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Liabilities">2,460</td></tr> </table> Derivatives - Net effect on the Consolidated Statements of Comprehensive Income Financial Instruments - Loss Recognized in Accumulated Other Comprehensive Loss on Derivative (Effective Portion) (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Loss Recognized in Accumulated Other Comprehensive Loss on Derivative (Effective Portion) Location</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Derivative</td> <td style="padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Amount Three months ended June 30,</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Amount Six months ended June 30,</td></tr> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 56%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2025</td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2025</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Interest rate swaps</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_983_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zWTzkQOBEjol" style="vertical-align: middle; text-align: right">81</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zEMj1AOOSxEe" style="vertical-align: middle; text-align: right">23</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_980_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zwDuEzpsXimk" style="vertical-align: middle; text-align: right">104</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zOuG0u6TN7Q6" style="vertical-align: middle; text-align: right">45</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Reclassification to Interest and finance costs, net due to de-designations</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98B_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_z5iXCAHTnEz" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(424)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98C_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zMbqBNgUHRKd" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(225)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_98F_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zvfb2fGwde41" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(647)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zzJBcRb63mPa" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(733)</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Reclassification to depreciation expense</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_z0tjtamaC7Wg" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">29</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_zK2YUjmTtqU7" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">29</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_z6yF6VEaC3ka" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">58</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_zO17NpSMf425" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">58</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Total</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_985_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_znYR33hPt8nj" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(314)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98B_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_z8hk1OjeHQhk" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(173)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_zaPQwffMyDy9" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(485)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98C_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_z0mwdOH0Ist" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(630)</td></tr> </table> The accumulated loss from Derivatives designated as Hedging instruments recognized in accumulated other comprehensive loss as of June 30, 2026 and December 31, 2025, was $2,371 (loss) and $1,886 (loss), respectively. <span id="xdx_90D_ecustom--AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax1_iI_pn3n3_c20260630_zMeZpeHhwAGc" style="display: none" title="Accumulated income/(loss) from Derivatives designated as Hedging instruments">(2,371) <span id="xdx_904_ecustom--AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax1_iI_pn3n3_c20251231_zziHREbgnLq9" style="display: none" title="Accumulated income/(loss) from Derivatives designated as Hedging instruments">(1,886) Derivatives – Net effect on the Consolidated Statements of Comprehensive Income <p id="xdx_895_eus-gaap--ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zjW6UjRYwRa6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial Instruments - Schedule of Derivatives Not Designated as Hedging Instruments - Net Effect on the Statement Of Comprehensive Income (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; vertical-align: top; text-align: center">Net Realized and Unrealized Gain (Loss) recognized on Statement of Comprehensive Income</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom">Derivative</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom">Location</td> <td style="padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center">Amount Three months ended June 30,</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center">Amount Six months ended June 30,</td></tr> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 27%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 27%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2025</td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2025</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top">Interest rate swaps</td> <td> </td> <td style="vertical-align: top">Interest and finance costs, net</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98B_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260401__20260630_zoLTNaSXDoJ7" style="vertical-align: bottom; padding-left: 4.85pt; text-align: right" title="Interest rate swaps">878</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_989_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250401__20250630_zJLk5DRp30lc" style="vertical-align: bottom; padding-left: 4.85pt; text-align: right" title="Interest rate swaps">(998)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_981_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260101__20260630_zERan8pzKKf4" style="padding-left: 4.85pt; text-align: right" title="Interest rate swaps">1,368</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98F_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250101__20250630_zkv3fBP57yBb" style="padding-left: 4.85pt; text-align: right" title="Interest rate swaps">(1,284)</td></tr> <tr style="background-color: white"> <td style="vertical-align: top">Bunker and EUAs swaps</td> <td> </td> <td style="vertical-align: top">Interest and finance costs, net</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_980_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260401__20260630_z9LSfgkFsYv4" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(100)</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250401__20250630_zeuFF6xxrrQ2" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(464)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_982_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260101__20260630_zRmXcwc21yHd" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">2,379</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_984_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250101__20250630_z7pAnPNBJedl" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(376)</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top">Total</td> <td> </td> <td style="padding-left: 4.85pt"> </td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20260401__20260630_zvhWbLqBehde" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">778</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20250401__20250630_zf3KFGR0NQTh" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">(1,462)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20260101__20260630_zsKiOEeBvSJ4" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">3,747</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98E_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20250101__20250630_zIqwYYVvmHDi" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">(1,660)</td></tr> </table>

Financial Instruments - Schedule of Carrying Values and Estimated Fair Values of Financial Instruments (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: white"> <td style="padding-right: 0.8pt; width: 57%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Carrying Amount June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Fair Value June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Carrying Amount December 31, 2025 </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%">Fair Value December 31, 2025</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Financial assets (liabilities)</td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="text-align: center; vertical-align: bottom; padding-right: 0.8pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Cash and cash equivalents</td> <td id="xdx_984_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20260630_zOV5ub1hICF" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Carrying Amount">463,989</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20260630_zQcERvP5quva" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Fair Value">463,989</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--CashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20251231_zZosmYNqmZ4g" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Carrying Amount">293,312</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--CashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20251231_zHHI2RJFPni3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Cash and cash equivalents - Fair Value">293,312</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Restricted cash</td> <td id="xdx_982_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20260630_z3LfY0bbyVb6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Carrying Amount">2,154</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_ecustom--RestrictedCashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20260630_zXD40pydnNY9" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Fair Value">2,154</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--RestrictedCashAndCashEquivalentsAtCarryingValue_iI_pn3n3_c20251231_zf2RIniY0XK" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Carrying Amount">4,817</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_ecustom--RestrictedCashAndCashEquivalentsFairValueDisclosure_iI_pn3n3_c20251231_zWwixUMLhhHj" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Restricted cash - Fair Value">4,817</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Margin deposits</td> <td id="xdx_981_eus-gaap--MarginDepositAssets_iI_pn3n3_c20260630_z8agIc5MxiP2" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Carrying Amount">4,470</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98E_ecustom--MarginDepositAssetsFairValueDisclosure_iI_pn3n3_c20260630_zPIccg2hMLh7" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Fair Value">4,470</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--MarginDepositAssets_iI_pn3n3_c20251231_zmANMNGAOeE4" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Carrying Amount">4,270</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_ecustom--MarginDepositAssetsFairValueDisclosure_iI_pn3n3_c20251231_za1zFFPg5rT3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Margin deposits - Fair Value">4,270</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Time deposits</td> <td id="xdx_986_ecustom--TimeDepositsAssetsCurrent_iI_pn3n3_c20260630_zbJAjMcKTGX8" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Carrying Amount">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_ecustom--TimeDepositsAssetsFairValueDisclosure_iI_pn3n3_c20260630_zm0m1lRvxNp9" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Fair Value">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98E_ecustom--TimeDepositsAssetsCurrent_iI_pn3n3_c20251231_zu9oCCjTjOjb" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Carrying Amount">5,000</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_ecustom--TimeDepositsAssetsFairValueDisclosure_iI_pn3n3_c20251231_zbU8RdsTrqv6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Time deposits - Fair Value">5,000</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Short-term receivable</td> <td id="xdx_987_eus-gaap--FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_iI_pn3n3_c20260630_zHhZV8ObedGe" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Carrying Amount">4,418</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--ReceivablesFairValueDisclosure_iI_pn3n3_c20260630_zmTQDvg4G74i" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Fair Value">4,418</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_982_eus-gaap--FinancingReceivableAccruedInterestBeforeAllowanceForCreditLoss_iI_pn3n3_c20251231_zBkQzaHianMk" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Carrying Amount">12,767</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--ReceivablesFairValueDisclosure_iI_pn3n3_c20251231_zQc9F77cm57d" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Short-term receivable - Fair Value">12,767</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Investments in debt securities, held to maturity (including short-term portion)</td> <td id="xdx_981_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_c20260630_zWiEDXHuv0ok" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Carrying Amount">106,413</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DebtSecuritiesHeldToMaturityFairValueCurrent_iI_pn3n3_c20260630_z20LLoJpCtMl" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Fair Value">102,118</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_eus-gaap--HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis_iI_pn3n3_c20251231_zZDGRkimFcsa" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Carrying Amount">40,374</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DebtSecuritiesHeldToMaturityFairValueCurrent_iI_pn3n3_c20251231_zjZMHVYNihq3" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investments in debt securities, held to maturity - Fair Value">39,820</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Investment in debt securities, available for sale</td> <td id="xdx_98D_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_d0_c20260630_zP8T1FuzQyzc" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Carrying Amount"> —</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_ecustom--DebtSecuritiesFairValueDisclosure_iI_pn3n3_d0_c20260630_z1jbQb9w9Yci" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Fair Value"> —</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98F_eus-gaap--AvailableForSaleSecuritiesDebtSecurities_iI_pn3n3_d0_c20251231_zPYmBihaiCu6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Carrying Amount">15,494</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_989_ecustom--DebtSecuritiesFairValueDisclosure_iI_pn3n3_d0_c20251231_zwZcOGYUHV8" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Investment in debt securities available for sale - Fair Value">15,494</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Debt and other financial liabilities</td> <td id="xdx_98E_eus-gaap--DebtInstrumentCarryingAmount_iNI_pn3n3_di_c20260630_z1kFsMcUYFN6" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Carrying Amount">(2,114,163)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98F_eus-gaap--DebtInstrumentFairValue_iNI_pn3n3_di_c20260630_zNS0xgmUgIJf" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Fair Value">(2,112,737)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DebtInstrumentCarryingAmount_iNI_pn3n3_di_c20251231_ztWxYa4xlzRd" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Carrying Amount">(1,930,371)</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DebtInstrumentFairValue_iNI_pn3n3_di_c20251231_zHLBnnXEJAL" style="vertical-align: bottom; padding-right: 0.8pt; text-align: center" title="Debt and other financial liabilities - Fair Value">(1,930,371)</td></tr> </table>

463989000

293312000

2154000

4817000

4470000

4270000

4270000 5000000 5000000 5000000 5000000

4418000

12767000

106413000

102118000

40374000

39820000

15494000

2114163000

2112737000

1930371000

4470000

4270000

<p id="xdx_89D_eus-gaap--ScheduleOfDerivativesInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zYxeU9h8w3jk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial Instruments - Schedule of Derivative Instruments - Statements of Financial Position Location (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center"> </td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Asset Derivatives</td> <td style="padding-right: 0.8pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Liability Derivatives</td></tr> <tr style="background-color: white"> <td style="vertical-align: bottom; padding-right: 0.8pt; width: 45%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: center; width: 10%"> </td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">December 31, 2025</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">June 30, 2026</td> <td style="padding-right: 0.8pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center; width: 10%">December 31, 2025</td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Balance Sheet Location </td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; padding-right: 0.8pt; text-align: center">Fair Value</td></tr> <tr style="background-color: White"> <td colspan="7" style="vertical-align: top; padding-right: 6.8pt">Derivatives not designated as hedging instruments</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-left: 6.45pt; text-align: right"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: bottom; padding-right: 0.8pt">Interest rate swaps</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments—Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zjw1UrFSMfX2" style="padding-right: 0.8pt; text-align: right">1,441</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zqunv7YckRob" style="padding-right: 0.8pt; text-align: right">1,126</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_985_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zR1th4KhJL1k" style="padding-right: 0.8pt; text-align: right">220</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_985_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zKIlT0BLI7x" style="padding-right: 0.8pt; text-align: right">1,019</td></tr> <tr style="background-color: White"> <td style="vertical-align: bottom; padding-right: 0.8pt">Interest rate swaps </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Financial instruments—Fair Value, net of current portion</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zTQHhPilpHM4" style="padding-right: 0.8pt; text-align: right">20</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_988_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zpp1YhwD994i" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_981_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zDF2Zquziatj" style="padding-right: 0.8pt; text-align: right">75</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__us-gaap--InterestRateSwapMember_zGqBuhDmEmWb" style="padding-right: 0.8pt; text-align: right">308</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and EUAs swaps</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments — Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zdJVCgg6fGM" style="padding-right: 0.8pt; text-align: right">940</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_z3wlQT1P4n46" style="padding-right: 0.8pt; text-align: right">170</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zLUedzPp9bJl" style="padding-right: 0.8pt; text-align: right">291</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_ziwWvse71PN3" style="padding-right: 0.8pt; text-align: right">968</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Bunker and EUAs swaps </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Financial instruments—Fair Value, net of current portion</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_986_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zU07f3I3FwUf" style="padding-right: 0.8pt; text-align: right">322</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeAssetsNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zyV1fvbryjf5" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98B_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zW9qnLAGiUwk" style="padding-right: 0.8pt; text-align: right">35</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98A_eus-gaap--DerivativeLiabilitiesNoncurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--BunkerAndEUAsSwapsMember_zoAjH9PRJ68k" style="padding-right: 0.8pt; text-align: right">165</td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="vertical-align: top; padding-right: 0.8pt">FX derivative</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt">Current portion of financial instruments—Fair Value</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zh7LemGPv2Qi" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_983_eus-gaap--DerivativeAssetsCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zImhyNNzbp6l" style="padding-right: 0.8pt; text-align: right">—</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20260630__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_z9vjd5rJK9df" style="padding-right: 0.8pt; text-align: right">50</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DerivativeLiabilitiesCurrent_iI_pn3n3_d0_c20251231__us-gaap--HedgingDesignationAxis__us-gaap--NondesignatedMember__us-gaap--DerivativeInstrumentRiskAxis__custom--FXDerivativeMember_zrWvFUbPogRf" style="padding-right: 0.8pt; text-align: right">—</td></tr> <tr style="background-color: White"> <td style="vertical-align: top; padding-right: 0.8pt">Total derivatives</td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-left: 6.45pt; text-align: center"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_984_eus-gaap--DerivativeInstrumentsInHedgesAssetsAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_zdykZMuj554h" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Assets">2,723</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_980_eus-gaap--DerivativeInstrumentsInHedgesAssetsAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_zKBoh5fymo97" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Assets">1,296</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_987_eus-gaap--DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_iI_pn3n3_c20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_z6AiGYEknyfi" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Liabilities">671</td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_98D_eus-gaap--DerivativeInstrumentsInHedgesLiabilitiesAtFairValue_iI_pn3n3_c20251231__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalDerivativesMember_z3ITUrRWYT5j" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right" title="Total Liabilities">2,460</td></tr> </table>

1441000

1126000

220000

1019000

20000

75000

308000

940000

170000

291000

968000

322000

35000

165000

50000

2723000

1296000

671000

2460000

Financial Instruments - Loss Recognized in Accumulated Other Comprehensive Loss on Derivative (Effective Portion) (Table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Loss Recognized in Accumulated Other Comprehensive Loss on Derivative (Effective Portion) Location</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-right: 0.8pt">Derivative</td> <td style="padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Amount Three months ended June 30,</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; padding-right: 2.8pt; text-align: center">Amount Six months ended June 30,</td></tr> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 56%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2025</td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right; width: 10%">2025</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Interest rate swaps</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_983_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zWTzkQOBEjol" style="vertical-align: middle; text-align: right">81</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zEMj1AOOSxEe" style="vertical-align: middle; text-align: right">23</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_980_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zwDuEzpsXimk" style="vertical-align: middle; text-align: right">104</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_eus-gaap--UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestRateSwapsMember_zOuG0u6TN7Q6" style="vertical-align: middle; text-align: right">45</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Reclassification to Interest and finance costs, net due to de-designations</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98B_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_z5iXCAHTnEz" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(424)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98C_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zMbqBNgUHRKd" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(225)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_98F_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zvfb2fGwde41" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(647)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--InterestAndFinanceCostsNetMember_zzJBcRb63mPa" style="vertical-align: middle; text-align: right" title="Reclassification to Interest and finance costs, net due to de-designations">(733)</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top; padding-right: 0.8pt">Reclassification to depreciation expense</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_z0tjtamaC7Wg" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">29</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_zK2YUjmTtqU7" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">29</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_z6yF6VEaC3ka" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">58</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--DepreciationExpenseMember_zO17NpSMf425" style="border-bottom: Black 0.5pt solid; vertical-align: middle; text-align: right" title="Reclassification to Depreciation expense">58</td></tr> <tr style="background-color: white"> <td style="vertical-align: top; padding-right: 0.8pt">Total</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_985_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260401__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_znYR33hPt8nj" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(314)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98B_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250401__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_z8hk1OjeHQhk" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(173)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_981_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20260101__20260630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_zaPQwffMyDy9" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(485)</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98C_ecustom--DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet1_pn3n3_c20250101__20250630__us-gaap--DerivativeInstrumentRiskAxis__custom--TotalMember_z0mwdOH0Ist" style="border-bottom: black 2.25pt double; vertical-align: middle; white-space: nowrap; text-align: right">(630)</td></tr> </table>

81000

23000

104000

45000

-424000 -225000 -647000 -733000 29000 29000 58000 58000 -314000 -173000 -485000 -630000 -2371000 -1886000

<p id="xdx_895_eus-gaap--ScheduleOfOtherDerivativesNotDesignatedAsHedgingInstrumentsStatementsOfFinancialPerformanceAndFinancialPositionLocationTableTextBlock_zjW6UjRYwRa6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial Instruments - Schedule of Derivatives Not Designated as Hedging Instruments - Net Effect on the Statement Of Comprehensive Income (Table) <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="7" style="border-bottom: Black 0.5pt solid; vertical-align: top; text-align: center">Net Realized and Unrealized Gain (Loss) recognized on Statement of Comprehensive Income</td></tr> <tr> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom">Derivative</td> <td> </td> <td style="border-bottom: Black 0.5pt solid; white-space: nowrap; vertical-align: bottom">Location</td> <td style="padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center">Amount Three months ended June 30,</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td colspan="3" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center">Amount Six months ended June 30,</td></tr> <tr> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 27%"> </td> <td style="vertical-align: bottom; width: 2%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 27%"> </td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2025</td> <td style="vertical-align: bottom; padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2026</td> <td style="padding-left: 4.85pt; width: 1%"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: center; width: 10%">2025</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top">Interest rate swaps</td> <td> </td> <td style="vertical-align: top">Interest and finance costs, net</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98B_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260401__20260630_zoLTNaSXDoJ7" style="vertical-align: bottom; padding-left: 4.85pt; text-align: right" title="Interest rate swaps">878</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_989_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250401__20250630_zJLk5DRp30lc" style="vertical-align: bottom; padding-left: 4.85pt; text-align: right" title="Interest rate swaps">(998)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_981_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260101__20260630_zERan8pzKKf4" style="padding-left: 4.85pt; text-align: right" title="Interest rate swaps">1,368</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_98F_eus-gaap--GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250101__20250630_zkv3fBP57yBb" style="padding-left: 4.85pt; text-align: right" title="Interest rate swaps">(1,284)</td></tr> <tr style="background-color: white"> <td style="vertical-align: top">Bunker and EUAs swaps</td> <td> </td> <td style="vertical-align: top">Interest and finance costs, net</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_980_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260401__20260630_z9LSfgkFsYv4" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(100)</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250401__20250630_zeuFF6xxrrQ2" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(464)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_982_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20260101__20260630_zRmXcwc21yHd" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">2,379</td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_984_ecustom--GainLossOnBunkerSwapsDerivativeInstrumentsNotDesignatedAsHedgingInstruments_pn3n3_c20250101__20250630_z7pAnPNBJedl" style="border-bottom: Black 0.5pt solid; vertical-align: bottom; padding-left: 4.85pt; text-align: right">(376)</td></tr> <tr style="background-color: #CCEEFF"> <td style="vertical-align: top">Total</td> <td> </td> <td style="padding-left: 4.85pt"> </td> <td style="padding-left: 4.85pt"> </td> <td id="xdx_988_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20260401__20260630_zvhWbLqBehde" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">778</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20250401__20250630_zf3KFGR0NQTh" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">(1,462)</td> <td style="vertical-align: bottom; padding-left: 4.85pt"> </td> <td id="xdx_989_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20260101__20260630_zsKiOEeBvSJ4" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">3,747</td> <td style="padding-left: 4.85pt; text-align: right"> </td> <td id="xdx_98E_ecustom--DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossRecognizedInIncome_pn3n3_c20250101__20250630_zIqwYYVvmHDi" style="border-bottom: black 2.25pt double; white-space: nowrap; text-align: right">(1,660)</td></tr> </table>

878000

-998000

1368000

-1284000

-100000 -464000 2379000 -376000 778000 -1462000 3747000 -1660000 14. Liabilities assumed from time charters attached In 2024, upon acquisition of the four aframax tankers, DF Montmartre, Alpes, DF Mystras and Aspen, and the suezmax tanker Popi Sazaklis, with time charter agreements attached, the Company recognized a liability of $46,927 (Level 2), being the present value of the difference between the existing charter rates and the market rates on the acquisition date of each vessel, included in liabilities assumed from time charters attached in the accompanying consolidated balance sheets. For each of the second quarter and the first half of 2026, the amortization of liabilities assumed from time charters attached amounted to $2,001 and $4,098, respectively, compared to $4,753 and $10,596 for the prior year second quarter and first half, respectively. The amortization of liabilities assumed from time charters attached is included in voyage revenues in the accompanying consolidated statements of comprehensive income. The unamortized balance of the liability as of June 30, 2026, is expected to be amortized over the weighted average period of 1.1 years as follows: Liabilities assumed from time charters attached - Unamortized balance expected to be amortized (table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_49A_20260630_zLXyAsYjfBZf" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; text-align: left; vertical-align: bottom; width: 85%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 13%; padding-right: 0.8pt; text-align: right">Amount</td></tr> <tr id="xdx_406_eus-gaap--BelowMarketLeaseAmortizationIncomeNextTwelveMonths_iI_pn3n3_zI9WEdily95i" style="background-color: rgb(204,238,255)"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">July 1 to December 31, 2026</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">3,949</td></tr> <tr id="xdx_402_eus-gaap--BelowMarketLeaseAmortizationIncomeYearTwo_iI_pn3n3_z3w6j0q64zDa" style="background-color: White"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">2027</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">4,275</td></tr> <tr id="xdx_406_eus-gaap--BelowMarketLeaseNet_iTI_pn3n3_zpGT6imu6L69" style="background-color: White"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">Liabilities assumed from time charters attached</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: Black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">8,224</td></tr> </table>

46927000

2001000

4098000

4753000

10596000

Liabilities assumed from time charters attached - Unamortized balance expected to be amortized (table) <table cellpadding="0" cellspacing="0" style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: white"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td id="xdx_49A_20260630_zLXyAsYjfBZf" style="vertical-align: bottom; padding-right: 0.8pt; text-align: right"> </td></tr> <tr style="background-color: white"> <td style="border-bottom: Black 0.5pt solid; text-align: left; vertical-align: bottom; width: 85%; padding-right: 0.8pt">Period/ Year</td> <td style="width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; width: 1%; padding-right: 0.8pt"> </td> <td style="border-bottom: Black 0.5pt solid; vertical-align: bottom; width: 13%; padding-right: 0.8pt; text-align: right">Amount</td></tr> <tr id="xdx_406_eus-gaap--BelowMarketLeaseAmortizationIncomeNextTwelveMonths_iI_pn3n3_zI9WEdily95i" style="background-color: rgb(204,238,255)"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">July 1 to December 31, 2026</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt">$</td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">3,949</td></tr> <tr id="xdx_402_eus-gaap--BelowMarketLeaseAmortizationIncomeYearTwo_iI_pn3n3_z3w6j0q64zDa" style="background-color: White"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">2027</td> <td style="padding-right: 0.8pt"> </td> <td style="padding-right: 0.8pt"> </td> <td style="vertical-align: bottom; padding-right: 0.8pt; text-align: right">4,275</td></tr> <tr id="xdx_406_eus-gaap--BelowMarketLeaseNet_iTI_pn3n3_zpGT6imu6L69" style="background-color: White"> <td style="text-align: left; vertical-align: bottom; padding-right: 0.8pt">Liabilities assumed from time charters attached</td> <td style="padding-right: 0.8pt"> </td> <td style="border-bottom: Black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">$</td> <td style="border-bottom: Black 2.25pt double; white-space: nowrap; vertical-align: bottom; text-align: right">8,224</td></tr> </table>

3949000

4275000

8224000

15. European Union’s Emissions Trading System As of December 31, 2025, the Company’s European Union Allowances (“EUAs”) obligation amounted to $<span id="xdx_904_ecustom--EuropeanUnionEmissionsTradingSystemLiabilityForEmissionsAllowancesCurrent_iI_pn3n3_c20251231__custom--StatementOfFinancialPositionLocationAxis__us-gaap--AccruedLiabilitiesMember_zZQmjJKcSafa">28,477, to be surrendered by September 30, 2026, and were included in accrued liabilities in the accompanying consolidated balances sheets. As of December 31, 2025, the amount of $17,385 due to be collected from charterers is included in trade accounts receivable, net, in the accompanying consolidated balance sheets. As of June 30, 2026, the Company has recognized EUAs obligation amounting to $51,371. The amount of $28,645 to be surrendered by September 30, 2026, is included in accrued liabilities in the accompanying consolidated balances sheets and the amount of $22,726 to be surrendered by September 30, 2027, is included in accrued liabilities, net of current portion, in the accompanying consolidated balances sheets. As of June 30, 2026, the amount of $31,889 due to be collected from charterers is included in trade accounts receivable, net, in the accompanying consolidated balance sheets. During the year ended December 31, 2025, the Company purchased units with value $5,444 to be used for settlement of its own outstanding EUAs obligation and received by charterers units with value of $7,174. Following the settlement of the Company’s obligation due on September 30, 2025, the balancing amount of $4,049 is included in advances and other, in the accompanying consolidated balance sheets as of December 31, 2025. During the first half of 2026, the Company purchased units with value $1,542 to be used for settlement of its own outstanding EUAs obligation and received by charterers units with value of $1,993. As of June 30, 2026, the balancing amount of $7,584 is included in advances and other, in the accompanying consolidated balance sheets. The Company’s EUAs obligations recognized under voyage expenses in the Company’s consolidated statements of comprehensive income, amounted to $13,477 for the second quarter of 2026 compared to $7,468, for the prior year second quarter, and $22,840 for the first half of 2026 compared to $13,025 for the prior year first half. The value of EUAs provided by charterers recognized under voyage revenues in the Company’s consolidated statements of comprehensive income, amounted to $10,664 for the second quarter of 2026 compared to $5,097, for the prior year second quarter, and $18,629 for the first half of 2026 compared to $8,883 for the prior year first half. EUAs obligations not reimbursable from charterers are revalued using market prices from an EUA index. During the second quarter of 2026, the Company recorded $664 (loss) for remeasurement of EUAs obligations, compared to $715 (loss), for the prior year second quarter, and the amount of $576 (loss) for the first half of 2026, compared to $694 (loss) for the prior year first half. 28477000 17385000 51371000 28645000 22726000 31889000 5444000 7174000 4049000 1542000 1993000 7584000 13477000 7468000 22840000 13025000 10664000 5097000 18629000 8883000 664000 715000 576000 694000

16. Subsequent Events The Company evaluated subsequent events (other than those disclosed above), until the date these interim condensed consolidated financial statements were available to be issued. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 5.7pt; margin-bottom: 0"> <tr style="vertical-align: top"> <td style="width: 8.95pt"></td> <td style="width: 15.95pt">(a)</td> <td style="text-align: justify">On <span id="xdx_903_ecustom--DeliveryDateVessel_c20260101__20260728__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AnfieldDPMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zezLOnYfnik">July 28, 2026, the Company took delivery of the DP2 shuttle tanker Anfield DP.</td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td>(b)</td> <td style="text-align: justify">On July 30, 2026, the Company paid dividends of $<span id="xdx_900_eus-gaap--PreferredStockDividendsPerShareCashPaid_pip0_c20260101__20260730__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesFPreferredStockMember_zSn65lTZa4Ij" title="Preferred Stock, Dividends, Per Share, Cash Paid">0.59375 per share on its <span id="xdx_901_eus-gaap--PreferredStockDividendRatePercentage_pip0_dp_uPure_c20260101__20260730__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesFPreferredStockMember_zomG80eIlLM7">9.50% Series F Preferred Shares.</td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td>(c)</td> <td style="text-align: justify">On July 30, 2026, the Company paid a dividend of $<span id="xdx_900_eus-gaap--CommonStockDividendsPerShareCashPaid_pip0_c20260101__20260730__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zk7AEKtY1fXl">1.00 per common share to shareholders of record as of <span id="xdx_90B_eus-gaap--DividendsPayableDateOfRecordDayMonthAndYear_pip0_c20260101__20260723__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonStockMember_zuEwO2lrmkX6">July 23, 2026.</td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td>(d)</td> <td style="text-align: justify">On <span id="xdx_908_ecustom--DeliveryDateVessel_uPure_c20260101__20260814__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ArchangelMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z6T1p3RUmg7e">August 14 and <span id="xdx_901_ecustom--DeliveryDateVessel_uPure_c20260101__20260826__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--AlaskaMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zZsS72eIKvka">August 26, 2026, the Company sold its suezmax tankers Archangel and Alaska, respectively.</td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td> </td> <td>(e)</td> <td style="text-align: justify">On August 28, 2026, the Company paid dividends of $<span id="xdx_908_eus-gaap--PreferredStockDividendsPerShareCashPaid_pip0_c20260101__20260828__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zqDvjTVOKUl8" title="Preferred Stock, Dividends, Per Share, Cash Paid">0.57812 per share on its <span id="xdx_902_eus-gaap--PreferredStockDividendRatePercentage_pip0_dp_uPure_c20260101__20260828__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--SeriesEPreferredStockMember_zshCufgwbJy8">9.25% Series E Preferred Shares.</td></tr> </table>

July 28, 2026

0.59375

0.0950

1.00

2026-07-23

August 14 August 26, 2026

0.57812

0.0925