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.

Tsakos Energy Navigation posts strong Q3 results, eyes sustainable growth

Tsakos Energy Navigation demonstrated robust financial performance and strategic initiatives in Q3 2024, positioning the company for sustainable growth.
Despite operational challenges and industry uncertainties, TEN's strong market position, fleet quality, and growth prospects provide a solid foundation for future success.
Investors can be optimistic about TEN's ability to navigate challenges, capitalize on opportunities, and deliver value through its focused growth strategy.

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

Scorpio Tankers

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.

Tsakos Energy Navigation Limited (TNP) Q2 2023 Earnings Call Transcript

Tsakos Energy (TNP) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.31 per share a year ago.

Tsakos Energy (TNP) Q2 Earnings and Revenues Beat Estimates

Over 350% increase in first half 2023 net income to $237 million $138 million in common stock dividend and preferred redemption so far in 2023 Long-term market fundamentals remain strong New charters secured over $1.5 billion in fleet revenue backlog 10-green vessel newbuilding program on track – Four dual-fuel aframaxes to be delivered from September 2023 to first quarter of 2024 ATHENS, Greece, Sept. 07, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the six months and second quarter ended June 30, 2023.

Ten Ltd. Reports Profits for the Second Quarter and Six Months Ended June 30, 2023 and Declares Total Annual Dividend of $1.00 Per Common Share for 2023

ATHENS, Greece, Aug. 29, 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 second quarter ended on June 30, 2023, prior to the open of the market in New York on Thursday, September 7, 2023.

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

Tsakos Energy Navigation is a profitable company heading into a multi-year upcycle. However, its shares trade at 0.35x NAV due to management issues. I believe that a special dividend and/or buyback program may be on the horizon, which will lead the stock to re-rate.

Tsakos Energy Navigation: Call Option On Management

ACM Research

Chimerix

Rocky Brands

Vital Energy Inc

Zymeworks Inc

When dealing with the best small-cap stocks to buy, investors effectively absorb higher risk for the possibility of substantive rewards. Even better, these rewards can come in quickly, enabling those seeking a boost in their portfolio to make up for lost ground.

7 Small-Cap Stocks to Buy Before the Breakout

BJ's Restaurants

Blue Bird

For those who can handle a higher level of volatility and have a less conservative approach, small-cap stocks could be solid considerations.

3 Small-Caps to Buy for Big Growth

Tsakos Energy operates sixty-seven oil and liquid gas tankers. The company reported record revenues for Q1-2023. TEN is considering a surprise dividend during 2023.

Tsakos Energy Remains Bullish On Record Q1 Revenues

Federal Agricultural

Global Ship Lease

AGM, GSL and TNP are three stocks that should be looked into for income generation and lending solidity to the portfolio.

3 Stocks to Buy Amid Persisting Market Volatility

Tsakos Energy Navigation is experiencing a period of very strong cash flows thanks to its exposure to Suezmax and Aframax vessels. The company sold a bunch of vessels and generated a gain in excess of $80M. Tsakos is using its profits to fund the construction of newbuilds while it also will retire one series of preferred shares.

Tsakos Energy Navigation: Grab A 9.7% Yield With The Preferred Shares

ATHENS, Greece, June 21, 2023 (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 16, 2023 pursuant to a Notice of Annual Meeting of Shareholders dated May 5, 2023 (“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 88.43% or higher of the votes cast.

TEN, Ltd. Holds its Thirtieth Annual General Meeting

Tsakos Energy Navigation is a tanker firm with a diverse fleet of 66 ships, trading at a low PE ratio of between 2-3. TNP has a strong backlog of $1.6bn and is now using earnings to reduce debt/preferred shares. If you want exposure to the tanker market, TNP offers a cheap entry point to a diversified tanker firm. Strong Buy.

Tsakos Energy Navigation: Excellent Value For Tanker Exposure

Tsakos Energy Navigation Limited (NYSE:TNP ) Q1 2023 Earnings Conference Call May 30, 2023 10:00 AM ET Company Participants Nicolas Bornozis - Investor Relations Advisor Efstratios Arapoglou - Chairman Nikolas Tsakos - President and Chief Executive Officer George Saroglou - Chief Operating Officer Paul Durham - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies LLC 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 First Quarter 2023 Financial Results. We have with us Mr.

Tsakos Energy Navigation Limited (TNP) Q1 2023 Earnings Call Transcript

Tsakos Energy (TNP) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.79 per share. This compares to loss of $0.12 per share a year ago.

Tsakos Energy (TNP) Surpasses Q1 Earnings and Revenue Estimates

$177 million Q1 Net Income - $2.5 billion of Net Income since inception Fivefold increase in EBITDA from Q1 2022 Strong cash reserves support at par redemption of Series D perpetual Preferred Shares 15 new charters increase minimum contracted revenues to $1.6 billion Market fundamentals remain strong ATHENS, Greece, May 30, 2023 (GLOBE NEWSWIRE) -- TEN, Ltd (TEN) (NYSE: TNP) (the “Company”) today reported results (unaudited) for the quarter ended March 31, 2023. Q1 2023 SUMMARY RESULTS As TEN celebrates 30 years as a public entity, this quarter's performance highlights the Company's ability to achieve record profits by adapting its employment and investment policy to take advantage of market circumstances.

TEN, Ltd. Celebrates 30-Years as a Public Company and Reports Record Profits for the First Quarter 2023 and Preferred Shares Redemption

ATHENS, Greece, May 30, 2023 (GLOBE NEWSWIRE) -- Tsakos Energy Navigation Ltd. (“TEN” or the “Company”) (NYSE: TNP), a leading diversified crude, product and LNG tanker operator, today announced that it has called for redemption all 3,517,061 of its outstanding 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE: TNP-PD) (CUSIP: G9108L140) (the “Series D Preferred Shares”).

TEN Ltd. to Redeem all of its 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares

ATHENS, Greece, May 16, 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 first quarter ended on March 31, 2023, prior to the open of the market in New York on Tuesday, May 30, 2023.

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

ATHENS, Greece, May 08, 2023 (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 $0.546875 per share for its Series D Cumulative Perpetual Preferred Shares (the “Series D Preferred Shares”; NYSE; TNPPRD) and 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 D and Series E Cumulative Perpetual Preferred Shares

Ardmore Shipping

International Seaways

TORM

Product tanker equities have generated tremendous returns over the past year and certain names remain attractive for those with a positive view on future market balances. INSW and STNG are my favorites today, whereas TRMD and ASC are not very appealing at current pricing. I believe TNP, D'Amico, and Hafnia also are attractive at this time.

Top Picks For Today's Product Tanker Market

Tsakos Energy Navigation: Favor Their Preferred Shares During An Upcycle.

Tsakos Energy Navigation: Favor Their Preferred Shares During An Upcycle

Tsakos Energy reported $860M revenues. The current oil tanker market dynamics will benefit Tsakos Energy.

Tsakos Energy Navigation: Still Not Time To Jump Ship

Tsakos Energy Navigation Limited (NYSE:TNP ) Q4 2022 Earnings Conference Call March 16, 2023 10:00 AM ET Company Participants Nicolas Bornozis - Investor Relations Takis Arapoglou - Chairman Nikolas Tsakos - President and Chief Executive Officer Paul Durham - Chief Financial Officer George Saroglou - Chief Operating Officer Conference Call Participants Climent Molins - Value Investors Operator Thank you for standing by, ladies and gentlemen and welcome to the Tsakos Energy Navigation Conference Call on the Fourth Quarter 2022 Financial Results. We have with us Mr.

Tsakos Energy Navigation Limited (TNP) Q4 2022 Earnings Call Transcript

Year revenues at $860 million and record profits of $204.2 million (EPS at $6.02 for 2022)

TEN Ltd. Reports Record Profits for Fourth Quarter and Year-End 2022 and Declares Annual Dividend of $0.60 Per Common Share

Frontline

Nordic American Tankers

Teekay Tankers

When it comes to oil transportation, pipeline companies are attractive due to high yield and stable price performance, but tanker stocks have moved into technical leadership since the start of the year.

News for Tsakos Energy Navigation Limited Stock (TNP)