Tsakos Energy Navigation Limited

Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. Its activities include the operation of crude tankers, product tankers, and liquefied natural gas carriers. The company was founded by Nikolas P. Tsakos and Michael Gordon Jolliffee in July 1993 and is headquartered in Athens, Greece.

Earnings data Q3 2020

Earnings data Q4 2020

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q3 2024

Tsakos Energy Navigation achieves record earnings, eyes sustainable growth

Tsakos Energy Navigation delivered exceptional financial performance in Q4 2022, with record net income and revenue growth, supported by a robust fleet and high utilization rates.
The company's strengths in cash reserves, revenue stability, and market outlook position it well for future growth and strategic investments.
While facing challenges in maintaining profitability and managing debt, Tsakos Energy Navigation can leverage opportunities in sustainable shipping and market trends for continued success.

Tsakos Energy Navigation marks 30th year with record earnings and strategic growth plans

Tsakos Energy Navigation's Q1 2023 earnings call showcased robust financial results, strategic focus on key segments, and plans for debt reduction and dividend distributions. The company's management expressed confidence in future growth prospects and highlighted investor trust and undervaluation of the stock. Analyst inquiries centered on vessel contracts, LNG market potential, and dividend decisions, providing insights into the company's strategic direction.

Tsakos Energy Navigation excels in Q2 earnings, eyes sustainable growth

Tsakos Energy Navigation's Q2 2023 earnings call highlighted robust financial performance, strategic fleet initiatives, and a commitment to shareholder value. Despite challenges in tanker demand dynamics and operational expenses, the company remains focused on long-term sustainability and growth.

Tsakos Energy Navigation reports robust Q3 earnings and growth prospects

Tsakos Energy Navigation's Q3 2023 earnings call highlighted exceptional financial performance, strategic investments, and a positive market outlook. Despite challenges in trade flows and oil demand, the company's strong financial position, prudent management, and growth opportunities bode well for future success.

Tsakos Energy Navigation (TNP) reports record growth and optimistic outlook

Tsakos Energy Navigation's Q4 2023 earnings call highlighted a successful year marked by financial strength, strategic fleet management, and optimistic outlook for 2024. Despite challenges such as geopolitical risks and market volatility, TEN's proactive approach to debt reduction and growth initiatives positions it well for continued success. The company's focus on operational excellence and seizing market opportunities underscores its resilience and long-term sustainability.

TNP Q1 2024: Dividend Doubled, Fleet Renewal Underway

TNP remains optimistic about future market conditions, underpinned by a strategic fleet renewal and a focus on environmental sustainability. The company's financial health is solid, with substantial cash reserves and a commitment to returning value to shareholders through increased dividends. Management's confidence in maintaining profitability and shareholder value in a dynamic market environment is evident.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ATHENS, Greece, May 08, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE; TNPPRE).

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

If you are looking for stocks that are well positioned to maintain their recent uptrend, Tsakos (TNP) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.

What Makes Tsakos (TNP) a Good Fit for 'Trend Investing'

16 acquisitions with 1.2 year average 10 sales with 18.5 year average Green-growth initiative program continues

TEN Ltd. Announces the Sale of A 2007-Built Aframax Tanker

Tsakos Energy Navigation reported a strong quarter with a decrease in operating expenses and a net profit of $25 million for common shareholders despite an impairment charge. TNP's balance sheet is in excellent shape with a large cash position and a net debt of just under $1.2 billion. The preferred shares of Tsakos Energy Navigation remain attractive with a high dividend yield and potential for a call in the future.

Tsakos Energy Navigation: Dividend Bump For Common Shares, 7.8% YTC On Preferred Shares

Tsakos Energy Navigation Limited (TNP) Q4 2023 Earnings Call Transcript

Record annual profits in excess of $300 million – an increase of 60% - EPS of $9.93 EBITDA of $490 million 100% increase of common dividend Dynamic growth and fleet renewal with green ship initiative Market fundamentals remain strong ATHENS. Greece, March 27, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd.

TEN Ltd. Reports Record Profits for Year-End and Fourth Quarter 2023 Results and Dividend of $0.60 per Common Share

ATHENS, Greece, March 21, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN” or the “Company”) (NYSE: TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the fourth quarter and year ended on December 31, 2023, prior to the open of the market in New York on Wednesday, March 27, 2024.

TEN, Ltd. Announces Date of Fourth Quarter and Year End 2023 Results, Conference Call and Webcast

ATHENS, Greece, Feb. 07, 2024 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading diversified crude, product and LNG tanker operator, today announced that its Board of Directors declared the regular quarterly cash dividend of $0.578125 per share for its Series E Cumulative Perpetual Preferred Shares (the “Series E Preferred Shares”; NYSE: TNPPRE).

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

Vessels chartered to a major energy company Three vessels to be delivered with Special-Survey passed LNG-powered tankers in TEN's fleet increase to six 11 eco-friendly vessels to join the fleet ATHENS, Greece, Jan. 31, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the acquisition of five high-spec environmentally-friendly vessels from Norway's Viken Crude AS. The fleet is comprised of two 2023-built Dual-Fuel LNG LR2 aframaxes, one 2019-built super-eco suezmax and two 1A ice-class scrubber-fitted aframaxes built in 2018 and 2019 respectively.

TEN Ltd. Announces the Acquisition of a Fleet of Five Modern Environmentally-Friendly Vessels

Green initiative newbuilding program on track Red Sea tensions further boosts tanker rates ATHENS, Greece, Jan. 22, 2024 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) announces the sale of the 2005-built suezmax tanker Eurochampion 2004 and the concurrent delivery of two LNG powered aframax tankers, the Chios DF and the Ithaki DF, the last remaining vessels in a series of four high-spec eco-designed tankers built against long-term employment to a major oil concern. The Eurochampion 2004 which was debt free, will contribute approximately $40 million to the Company's cash balances with management in continuous discussions for further such sales in the near future.

TEN Ltd. Announces the Sale of a 2005-Built Suezmax Tanker and Completion of the First Phase of Its Dual-Fuel Renewal Program

Teekay Tankers

Riding The Tanker Tide Of Fortune With Teekay Tankers And Tsakos Energy

Tsakos Energy Navigation's preferred dividends were well covered this year. The company reported a strong operating income in the third quarter due to high spot and charter prices in the Aframax segment. The balance sheet shows a strong amount of common equity, providing a cushion to absorb potential losses.

Tsakos Energy Navigation: Perfectly Happy With The 8.8% Yield-To-Call On The Preferreds

Scorpio Tankers

J Mintzmyer discusses his favorite tanker stocks, Scorpio Tankers and Tsakos Energy Navigation, highlighting their strong balance sheets and potential for growth. He believes that the market is skeptical about the tanker industry's prospects, leading to undervalued stocks.

J Mintzmyer's 2 Favorite Tankers

NEW YORK, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Ltd. (NYSE: TNP) announced today that the Founder and CEO, Dr. Nikolas Tsakos, will be interviewed on the Watch List with Nicole Petallides, Lead Anchor at the Schwab Network, live today at 2:20 pm EST.

Dr. Nikolas Tsakos, Founder & CEO of Ten Ltd. Interview Today Live at NYSE – Schwab Network

ATHENS, Greece, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Dr. Nikolaos P. Tsakos, Founder & CEO of Tsakos Energy Navigation received the Tanker of the Year award at the 20th Lloyd's List Greek Shipping event in Athens.

TEN Ltd. Lloyd's List Tanker Company of the Year for 2023

Inflation has surged, eroding the real value of portfolios, but investors can protect their portfolios by locking in attractive yields thanks to 16-year high interest rates. Tsakos Energy Navigation's preferred stock offers a highly attractive dividend yield of 9.2%, backed by the company's record profits and consistent dividend payments. The preferred dividend has a margin of safety under normal conditions, though the shipping industry's cyclicality and the high debt load of Tsakos Energy pose risks.

Understanding The Risks Of 9.2% Yielding Preferred Stock Of Tsakos Energy Navigation

Tsakos Energy Navigation Limited (NYSE:TNP ) Q3 2023 Earnings Call Transcript November 21, 2023 10:00 AM ET Company Participants Nicolas Bornozis - IR Advisor Takis Arapoglou - Chairman Nikolas Tsakos - President and CEO George Saroglou - COO Paul Durham - CFO Conference Call Participants Sherif Elmaghrabi - BTIG Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to Tsakos Energy Navigation Conference Call on the Third Quarter 2023 Financial Results. We have with us Mr.

Tsakos Energy Navigation Limited (TNP) Q3 2023 Earnings Call Transcript

160% increase in nine-months net income to $272 million equating to $8.19 per share $1.00 per share common stock dividend distributed in 2023 – In excess of $800 million in preferred and common stock dividends since NYSE listing $108.3 million in at-par preferred share redemptions in Q3 2023 generating over $9 million in annual coupon savings Two Green LNG-powered aframax tankers in a series of four, delivered and commenced long-term employment - Remaining eight-vessel newbuilding program on track 26 new charters in first nine-months of 2023 resulting to over $1.4 billion in minimum secured revenue backlog - Current tanker rates and future supply and demand fundamentals remain strong ATHENS, Greece, Nov. 21, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the nine months and third quarter ended September 30, 2023. NINE MONTHS 2023 SUMMARY RESULTS In the first nine months of 2023, TEN's fleet generated gross revenues of $669 million, $79 million higher than the 2022 first nine-months, reflecting the continued strength of the tanker market.

Ten Ltd. Reports Results For the Nine Months and Third Quarter Ended September 30, 2023 and Declares Dividend Date

Tsakos Energy is one of the leading companies in the crude and product tanker industry. It has 58 vessels at an average age of 10.5 years. TNP's capital structure remained unchanged for the last five years. The company has $1.59 billion in total debt and $530 million in cash. TNP's gross profit margin is in the highest percentile in the industry. Despite the improved profitability, ROE and ROTC figures are in the lower percentile.

Tsakos Energy Navigation: When Having A Diverse Fleet And Robust Financials Is Not Enough

ATHENS, Greece, Nov. 07, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN” or the “Company”) (NYSE: TNP) a leading diversified crude, product and LNG tanker operator, today announced that the Company will report earnings for the third quarter ended on September 30, 2023, prior to the open of the market in New York on Tuesday, November 21, 2023.

TEN, Ltd. Announces Date of Third Quarter 2023 Results, Conference Call and Webcast

ATHENS, Greece, Oct. 12, 2023 (GLOBE NEWSWIRE) -- TEN Ltd. (“TEN”) (NYSE: TNP) (the “Company”), celebrated its 30th year as a publicly listed company. TEN was listed on the Oslo Stock Exchange in 1993 and transferred its listing to the New York Stock Exchange in March 2002.

TEN Ltd. Celebrates 30 Years Since Inception

Danaos

Genco Shipping & Trading

Last year, I wrote a report on Seeking Alpha titled: "Excellent Time to Overweight Shipping Positions." This was controversial due to the challenging macro environment, but over the course of 1 year, the four picks in that report returned 36.7%. This was a nearly 20% outperformance of the S&P 500 and nearly 30% outperformance of the Russell 2000. I still believe selective shipping stocks are attractive today.

Today's Best Picks In Shipping Markets

Tsakos Energy Navigation is a shipowner focused on the ownership and operation of crude and product tankers, with some limited exposure to shuttle tankers and LNG carriers. Shareholder returns have lagged those of peers, ultimately leading to cratering sentiment and an extremely low relative valuation. The company is trading at ~0.33x NAV, the highest discount (by far) in the tanker industry, potentially creating an opportunity for patient investors.

Tsakos Energy Navigation: Low Valuation With Significant Upside Potential

Shipping industry is cyclical and volatile, with different subsegments experiencing independent cycles. Tankers are currently in the middle innings of the cycle, benefiting from geopolitical events and strong demand.

J Mintzmyer Unpacks Cyclical And Fickle Shipping Sector

Tsakos Energy Navigation Limited (NYSE:TNP ) Q2 2023 Earnings Conference Call September 7, 2023 10:00 AM ET Company Participants Nicolas Bornozis - Investor Relations, Capital Link Takis Arapoglou - Chairman of the Board Nikolas Tsakos - President and Chief Executive Officer George Saroglou - Chief Operating Officer Paul Durham - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Climent Molins - Value Investor's Edge Operator Thank you for standing by, ladies and gentlemen, and welcome to the Tsakos Energy Navigation Conference Call on the Second Quarter 2023 Financial Results. We have with us Mr.

News for Tsakos Energy Navigation Limited Stock (TNP)