TEN Research | Milton Maxwell

TEN

Tsakos Energy Navigation Limited

22.61

-0.49-2.12%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q1 '26)

No earnings call transcript available yet

Last Quarter (Q4 '25)

FY Q4 '25

Profit sharing adds $27M, cap alloc tilt

3/5/26Mar 5, 2026

Q&A quantified profit sharing's heft, adding $27 million to Q4 net income from 13 vessels—mostly Suezmaxes and VLCCs—with a step-up eyed for Q1 amid spot surges. Management detailed new LNG orders as long-term plays sans immediate charters, fixed recent MR2 newbuilds accretively in the mid-20,000s, and secured Korean export financing for shuttles. Capital allocation prioritizes shareholder rewards as liquidity nears $0.5 billion by Q2 end, then deleveraging and possible preferred buybacks. War risk insurance spiked 500% but passes to charterers; fuel risks similarly hedged. Profit sharing packs a wallop. Geopolitics sharpen focus on chartering discipline.

Key Stats

Market Cap

681.19M

P/E (TTM)

7.16

Basic EPS (TTM)

3.16

Dividend Yield

0.06%

About

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, such as conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. The company was incorporated in 1993 and is based in Athens, Greece.

CEO

Mr. Nikolas P. Tsakos Ph.D.

IPO

3/5/2002

Website

https://www.tenn.gr

Sector

Energy

Industry

Oil & Gas Midstream