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

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Earnings data Q4 2021

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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.

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Tsakos (TNP) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Tsakos (TNP) Stock Jumps 6.4%: Will It Continue to Soar?

Tsakos (TNP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Tsakos (TNP) Upgraded to Strong Buy: What Does It Mean for the Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Tsakos Energy Navigation (TNP) a Great Value Stock Right Now?

Tsakos (TNP) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Will Tsakos (TNP) Gain on Rising Earnings Estimates?

Tsakos Energy Navigation Limited (NYSE:TNP ) Q1 2022 Earnings Conference Call June 30, 2022 10:00 AM ET Company Participants Nicolas Bornozis - President, Capital Link, Investor Relations Advisor Takis Arapoglou - Chairman Nikolas Tsakos - President and CEO Paul Durham - Chief Financial Officer George Saroglou - Chief Operating Officer Conference Call Participants Ben Nolan - Stifel Liam Burke - B. Riley Climent Molins - Value Investors Edge Operator Thank you for standing by.

Tsakos Energy Navigation Limited's (TNP) CEO Nikolas Tsakos on Q1 2022 Results - Earnings Call Transcript

TEN, Ltd. Reports Profits for the First Quarter 2022 and Common Dividend Distribution

ATHENS, Greece, June 27, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (“TEN”) (NYSE: TNP) (the “Company”), a leading crude, product, and LNG tanker operator, announced today that the Company's General Annual Meeting of Shareholders was duly held in Athens on June 17, 2022 pursuant to a Notice of Annual Meeting of Shareholders dated May 6, 2022 (“the Notice”). At the meeting which was conducted with a quorum of its common shares represented in person or by proxy, all of the resolutions proposed were approved by at least 91.67% or higher of the votes cast.

TEN, Ltd. Holds its Twenty-Nine Annual General Meeting

The oil shipping industry appears to rebound, and so does Tsakos Energy Navigation Limited. Time charter rate improvements and debt reductions remain an integral part of its corporate strategy.

Tsakos Navigates The Troughs And Sails On The Crest Towards A Strong Rebound

$80 Million of Additional Minimum Secured Revenues $80 Million of Additional Minimum Secured Revenues

TEN, Ltd. Announces the Delivery and Long - Term Charter of New DP2 Shuttle Tanker

ATHENS, Greece, June 17, 2022 (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 first quarter ended on March 31, 2022, prior to the open of the market in New York on Thursday, June 30, 2022.

TEN, Ltd. Announces Date of First Quarter 2022 Financial Results, Conference Call and Webcast

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Monday was a rough day all around on Wall Street but particularly painful for owners of ocean shipping stocks, which fell much more sharply than the broader market. Concerns over China's economy, oil demand, Fed tightening and inflation added up to one of the worst trading sessions of the year for shipping names.

Shipping stocks take another beating, sinking by double digits

ATHENS, Greece, April 29, 2022 (GLOBE NEWSWIRE) -- TEN, Ltd. (TEN) (NYSE: TNP) (the “Company”) announced today that its Annual Report on Form 20-F for the year ended December 31, 2021, has been filed with the U.S. Securities and Exchange Commission (“SEC”) and can be accessed on our website, www.tenn.gr.

TEN Ltd. Announces The Filing Of Form 20-F With The SEC

Tsakos Energy Navigation Limited (NYSE:TNP ) Q4 2021 Earnings Conference Call April 14, 2022 10:00 AM ET Company Participants Nicolas Bornozis - President of Capital Link, IR Advisor of Tsakos Energy Navigation Takis Arapoglou - Chairman of the Board Nikolas Tsakos - President and CEO George Saroglou - COO Paul Durham - CFO Conference Call Participants Christopher Robertson - Jefferies Magnus Fyhr - H.C. Wainwright Operator Thank you for standing by, ladies and gentlemen, and welcome to the Tsakos Energy Navigation Conference Call on the Fourth Quarter 2021 Financial Results.

Tsakos Energy Navigation Limited (TNP) CEO Nikolas Tsakos on Q4 2021 Results - Earnings Call Transcript

Tsakos Energy Navigation Ltd. (NYSE: TNP) reported a fourth-quarter Voyage revenue increase of 5.7% Y/Y to $139.13 million, beating the consensus of $100.38 million.

Tsakos Energy Navigation Clocks 6% Revenue Growth In Q4

$1.0 billion in minimum contracted charter earnings

TEN Ltd. Reports Results for Fourth Quarter and Year-End 2021 and Declares Dividend of $0.10 Per Common Share

The company has recently acquired its newbuild LNG carrier with $100 million revenue potential.

Tsakos Energy Navigation: LNG Exposure Will Enhance Returns

ATHENS, Greece, March 31, 2022 (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, 2021, prior to the open of the market in New York on Thursday, April 14, 2022.

TEN, Ltd. Announces Date of Fourth Quarter and Year End 2021 Financial Results, Conference Call and Webcast

Minimum Revenues at about $25 million Minimum Revenues at about $25 million

TEN Ltd. Announces 24-Month Charter for Two Panamax Tankers

Tsakos (TNP) Surges 13.7%: Is This an Indication of Further Gains?

Minimum Revenues of about $100 million Minimum Revenues of about $100 million

TEN Ltd. Announces Delivery and Long-Term Charter of LNG Carrier TENERGY

The oil shipping business has performed poorly in 2021, but it looks like the situation is starting to look better. I'm not interested in the Tsakos common shares, but I think the preferred shares offer an attractive risk/reward profile.

Tsakos Energy Navigation: Sticking With The 10% Yielding Preferreds

Tsakos Energy Navigation Limited (TNP) CEO Nikolas Tsakos on Q3 2021 Results - Earnings Call Transcript

Tsakos Energy Navigation Ltd (NYSE: TNP) reported a third-quarter Voyage revenue decline of 7.9% Y/Y to $131.56 million, beating the consensus of $84.34 million. EPS loss widened to $(1.72) from $(0.55) in 3Q20, missing consensus of $(1.12).

Tsakos Energy Navigation Registers 7.9% Voyage Revenue Decline In Q3

Tsakos Energy Navigation (NYSE:TNP) reported its Q3 earnings results on Thursday, December 16, 2021 at 08:00 AM. Here's what investors need to know about the announcement.

Tsakos Energy Navigation: Q3 Earnings Insights

Positive cash-flow despite weak freight market and increased dry-dockings

News for Tsakos Energy Navigation Limited Stock (TNP)