Tsakos Energy Navigation Limited
TNP-PE
New York Stock Exchange78.39
USD
+3.78
- -
Tsakos Energy Navigation Limited
TNP-PE
(New York Stock Exchange)
Recent
price
78.39
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Tsakos Energy Navigation Limited (NYSE: TNP) provides international seaborne crude oil and petroleum product transportation services worldwide to national oil companies, major integrated oil companies, independent oil producers and refiners under long-term, medium-term and short-term charters; the company owns and operates a diversified fleet of modern double-hull vessels including crude oil tankers such as very large crude carriers, suezmaxes, aframaxes and smaller classes, product tankers ranging from LR2 and LR1 to handysize, LNG carriers, suezmax DP2 shuttle tankers and ice-class vessels with total deadweight capacity exceeding 10.8 million tons across approximately 70 owned vessels plus vessels under construction; it maintains operations globally with a focus on energy trade routes and serves blue-chip clients through spot and time charter arrangements. Incorporated in 1993 and formerly known as MIF Limited, the company changed its name to Tsakos Energy Navigation Limited in July 2001 and is headquartered at 367 Syngrou Avenue, Athens, Greece. In recent developments, Tsakos Energy Navigation completed the acquisition of five high-specification eco-friendly vessels from Viken Crude AS in 2024 including two 2023-built dual-fuel LNG LR2 aframaxes, a 2019-built suezmax and two ice-class aframaxes built in 2018-2019 which are chartered to a major energy company and expected to generate over $200 million in minimum gross revenues; concurrently it sold multiple older vessels such as aframaxes, suezmaxes and an LNG carrier generating approximately $100 million in free cash while since early 2023 divesting 13-17 older ships totaling over 1.1 million dwt averaging 18.5 years old and acquiring or ordering around 20-33 modern vessels averaging 1.2 years old including dual-fuel LNG-powered aframaxes and others under construction for delivery through 2028; these fleet renewal initiatives have reduced the average fleet age to around 10 years, enhanced environmental performance, secured $3.7 billion in minimum contracted revenue and positioned the company as a leader in shuttle tankers and LNG dual-fuel tonnage.