Tsakos Energy Navigation (NYSE:TEN) Releases Earnings Results, Beats Expectations By $0.93 EPS

Tsakos Energy Navigation (NYSE:TEN) announced its quarterly earnings data on Friday. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.93, Zacks reports. Tsakos Energy Navigation had a return on equity of 13.36% and a net margin of 15.97%.The business had revenue of $182.96 million during the quarter, compared to analyst estimates of $162.84 million.

Here are the key takeaways from Tsakos Energy Navigation’s conference call:

• TEN reported strong 2025 results with $161 million net income (EPS $4.45), adjusted EBITDA of $416 million, and $298 million cash on hand, driving a material improvement in profitability versus 2024.
• The company has a secured revenue backlog of over $4 billion and record-high fleet utilization (~97%), leaving most near-term cash flows contracted and reducing short-term revenue volatility.
• Management says 22 vessels (9 spot, 13 profit-share) meaningfully benefited from the surge in spot rates, generating about $27 million of profit-share income in Q4 and expecting further upside in early 2026 as rates remain elevated.
• TEN has accelerated fleet renewal—selling older tonnage and adding modern VLCCs, shuttle tankers and LNG units at attractive prices with financing largely in place, keeping net debt-to-cap around 47% and lowering long?run breakevens.
• Geopolitical turmoil (Red Sea/Strait of Hormuz) raises operational and safety risks and pushed war?risk insurance sharply higher (management cited ~500% increase), creating uncertainty that could disrupt voyages or increase costs despite charters currently absorbing much of the premium.

Tsakos Energy Navigation Price Performance

Shares of NYSE TEN traded down $0.26 during mid-day trading on Friday, reaching $34.70. The company had a trading volume of 588,289 shares, compared to its average volume of 458,514. The company has a current ratio of 1.30, a quick ratio of 1.25 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.05 billion, a PE ratio of 10.91 and a beta of -0.27. The company has a 50-day moving average price of $27.71 and a two-hundred day moving average price of $24.66. Tsakos Energy Navigation has a 1-year low of $13.40 and a 1-year high of $37.61.

Hedge Funds Weigh In On Tsakos Energy Navigation

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new position in Tsakos Energy Navigation in the 2nd quarter worth about $672,000. Hsbc Holdings PLC lifted its stake in Tsakos Energy Navigation by 91.1% during the second quarter. Hsbc Holdings PLC now owns 29,880 shares of the company’s stock valued at $573,000 after buying an additional 14,242 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in Tsakos Energy Navigation during the second quarter valued at about $761,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Tsakos Energy Navigation by 312.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the company’s stock worth $25,000 after buying an additional 993 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of Tsakos Energy Navigation in the second quarter worth approximately $296,000. Institutional investors and hedge funds own 19.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TEN shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research report on Friday, January 9th. Clarkson Capital began coverage on shares of Tsakos Energy Navigation in a research note on Monday, December 15th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 target price on shares of Tsakos Energy Navigation in a report on Thursday, November 20th. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Tsakos Energy Navigation presently has an average rating of “Hold” and a consensus target price of $29.50.

Tsakos Energy Navigation Company Profile

Tsakos Energy Navigation Ltd. (NYSE: TEN) is an international shipping company specializing in the transportation of crude oil and refined petroleum products. Founded in 1993 by Nikolas P. Tsakos, the company has built a reputation for operating a modern, well-maintained fleet of double-hull tankers. Tsakos Energy Navigation is organized around both ownership and technical management of vessels, offering chartering, commercial operations and crew services under one umbrella.

The company’s fleet consists primarily of very large crude carriers (VLCCs), Suezmax and Aframax tankers, as well as medium-range (MR) and Handy product carriers.