Tsakos Energy Navigation Ltd

Tsakos Energy Navigation Ltd

34.58
EUR
-0.68
(-1.93%)
9.74EPS
3.56P/E
933.35MMarket Cap
Nov 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
36.89
31.66
34.24
28.37
31.23
30.41
33.66
34.32
27.79
30.76
30.15
27.25
26.86
32.1
Basic EPS, GAAP
-3.63
1.59
8.43
2.35
-0.95
-7.63
-1.58
-0.8
-9.53
6.06
9.04
5.06
4.5
9.95
Free Cash Flow per Basic Share
-2.48
-9.31
0.98
-23.89
-7.23
3.25
4.63
0.92
-0.41
-1.6
3.28
-11.6
-7.54
15.48
Dividend per Share
0.92
1.35
1.95
2.38
2.35
2.55
2.78
2.49
1.85
1.56
2.1
2.43
2.02
- -
Book Value per Share
84.74
68.62
79.92
83.48
85.86
84.28
75.35
73.4
49.88
49.38
54.47
56.96
60.01
66.15
Tangible Book Value per Share
84.74
68.62
79.92
83.48
85.86
84.28
75.35
73.4
49.88
49.38
54.47
56.96
60.01
66.15
Basic Weighted Avg Shares
11
16
17
17
17
17
18
19
20
28
30
30
30
30
Sales/Revenue/Turnover
418
501
588
482
529
530
597
644
546
860
890
804
799
960
Operating Margin (%)
7.93
15.18
31.65
18.64
14.41
7.21
18.99
20.48
-5.07
29.85
37.85
28.59
30.03
38.29
Depreciation Expense
95
98
100
107
132
137
129
127
127
122
123
140
148
- -
Net Income, GAAP
-37
34
158
56
8
-99
15
24
-151
204
300
176
161
324
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-8.95
6.69
26.92
11.58
1.44
-18.72
2.53
3.73
-27.72
23.74
33.74
21.92
20.15
33.81
Working Capital
4
-37
52
-35
-35
63
43
-61
-92
143
186
43
-23
176
LT Debt
1,254
1,190
1,074
1,466
1,526
1,435
1,313
1,314
1,262
1,416
1,238
1,359
1,487
1,875
Total Equity
998
1,178
1,415
1,417
1,508
1,507
1,472
1,382
1,292
1,523
1,653
1,767
1,863
2,055
Return on Invested Capital (%)
- -
3.06
6.96
3
1.97
- -
2.8
3.23
- -
8.62
12.46
8.6
7.18
11.16
Return on Capital (%)
- -
2.59
6.91
3.09
2.11
- -
2.78
2.36
- -
8.59
12.66
8.77
7.13
10.92
Return on Common Equity (%)
-4.31
2.34
11.32
2.86
-1.12
-8.99
-1.93
-1.09
-14.61
12.64
17.41
8.98
7.6
15.88

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
301
- -
2
LT Borrowings
1,487
- -
1,852
LT Finance Leases
- -
- -
23
Preferred Equity and Hybrid Capital
11
- -
11
Shares Outstanding
30
30
30
Market Capitalization
681
1,190
1,066

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
435
321
616
Cash, Cash Equivalents & STI
329
321
484
Accounts Receivable, Net
41
- -
67
Inventories
13
- -
22
Total Current Liabilities
458
- -
440
Payables & Accruals
129
- -
176
ST Debt
301
- -
2
Deferred Revenue
17
- -
12

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.03%
6.45%
5.42%
Free Cash Flow
-325.04%
-99.75%
-34.53%
Net Income, GAAP
-257.96%
-193.74%
-8.7%
Sales/Revenue/Turnover
4.79%
7.09%
-0.67%
Total Cash Common Dividend
165.56%
343.84%
-26.05%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
202
214
200
188
804
2025
197
193
186
222
799
2026
253
298
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.6
2.36
0.67
0.65
5.06
2025
1.04
0.68
1.06
1.72
4.5
2026
2.74
4.42
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.43
2025
- -
- -
- -
- -
2.02
2026
- -
- -
- -
- -
- -

Company Description

CEO
Nikolas Panagiotis Tsakos
Full Time Employees
77
Sector
Transportation
Industry
Marine shipping
Address
Megaron Makedonia Athens GI Greece 175 64
IPO Date
Mar 5, 2002
Website
tenn.gr
Business
Tsakos Energy Navigation Limited (TEN) operates as an international shipping company focused on the transportation of crude oil, refined petroleum products, and liquefied natural gas. The company owns and operates a diversified fleet of modern, high-quality crude tankers, product tankers, and LNG carriers; it also engages in the chartering of these vessels on long-term, medium-term, and spot voyages to major oil companies, oil traders, and refiners worldwide. TEN provides technical management services for its vessels, including crew management, maintenance, and safety compliance, through its subsidiary Tsakos Technitrol Ltd.; additionally, it offers vessel acquisition, construction supervision, and sale services via Tsakos Marine Consultants Ltd. Founded in 1993 and headquartered in Athens, Greece, TEN serves global energy markets across key trading routes in the Atlantic Basin, Mediterranean, Middle East Gulf, West Africa, and Asia-Pacific regions, with a customer base comprising international oil majors and independent charterers. The company operates through segments including tanker operations, LNG operations, and management services, targeting spot and time charter contracts to optimize fleet utilization and revenue stability. Its fleet, managed from offices in Greece, the United States, United Kingdom, and Liberia, emphasizes eco-friendly vessels equipped with scrubbers, ballast water treatment systems, and low-emission engines to meet stringent environmental regulations. In recent developments, TEN expanded its fleet in 2024-2025 through the acquisition of two eco-designed LR1 product tankers and one suezmax tanker, bolstering its capacity in response to rising global energy demand; the company also secured a strategic long-term charter for a newbuild LNG dual-fuel suezmax tanker with an oil major, extending revenue visibility. TEN completed a significant debt refinancing in late 2024, issuing $150 million in senior unsecured notes to strengthen its balance sheet amid volatile freight rates. Furthermore, the company announced partnerships for vessel retrofits to LNG propulsion in early 2025, aligning with decarbonization goals, and reported robust Q3 2025 earnings driven by strong tanker utilization.

Company News

  • Sun Pharma Announces UNLOXCYT® (cosibelimab-ipdl) Has Received a Category 2A Preferred Designation in the Updated NCCN Guidelines for Locally Advanced Cutaneous Squamous Cell Carcinoma (laCSCC) Patien

  • TEN Hires Versatile Marketing Leader Daniel Incandela as Chief Marketing Officer

  • TEN Ltd. Declares Dividend on its Series F Cumulative Redeemable Perpetual Preferred Shares

  • Tsakos Energy Navigation Highlights $3.6B Contract Backlog, Tanker Fleet Expansion

  • TEN, Ltd. Continues Its Fleet Renewal and Reports Sale of Panamax Tanker

  • Tsakos Energy Navigation (NYSE:TEN) CFO Theoharrys Evgenios Kosmatos Sells 10,000 Shares

  • WINTON GROUP Ltd Cuts Stock Holdings in Tsakos Energy Navigation Ltd $TEN

  • RYBREVANT FASPRO™ (amivantamab and hyaluronidase-lpuj) plus LAZCLUZE® (lazertinib) with prophylactic strategies shows low rates of treatment-related events at WCLC 2026

  • Johnson & Johnson's RYBREVANT® (amivantamab-vmjw) plus chemotherapy delivers longest reported median overall survival in EGFR exon 20 insertion mutation-positive lung cancer

  • TAGRISSO® (osimertinib) demonstrated unprecedented eight-year landmark survival in early-stage EGFR-mutated lung cancer in ADAURA Phase III trial

  • Tsakos Energy Navigation Limited (TEN) Q2 2026 Earnings Call Transcript

  • Tsakos Energy Navigation Q2 Earnings Call Highlights

  • TEN, Ltd. Reports Profits for the First Half and Second Quarter of 2026

  • TEN Ltd. Announces Sale of Two First-Generation Suezmax Tankers

  • Tsakos Energy Navigation: Buy Before Earnings

  • TEN Ltd. Announces Date for the Second Quarter and Six Months 2026 Results, Conference Call and Webcast

  • Tsakos Energy Navigation (NYSE:TEN) versus Hermitage Offshore Services (OTCMKTS:HOFSQ) Critical Contrast

  • TEN Ltd. Declares Dividend on its Series E Cumulative Perpetual Preferred Shares

  • TEN Ltd. Announces Delivery and Naming of the Third in a Series of Twelve DP2 Shuttle Tankers Ordered at Samsung Heavy Industries, South Korea

  • Tsakos Energy Navigation (NYSE:TEN) Stock Passes Above 200 Day Moving Average – Here’s Why