Tsakos Energy Navigation (NYSE:TEN) Issues Quarterly Earnings Results, Beats Estimates By $0.65 EPS

Tsakos Energy Navigation (NYSE:TEN) posted its earnings results on Thursday. The company reported $2.72 EPS for the quarter, topping the consensus estimate of $2.07 by $0.65, Zacks reports. Tsakos Energy Navigation had a net margin of 24.81% and a return on equity of 17.44%. The firm had revenue of $223.12 million for the quarter, compared to analysts’ expectations of $208.77 million.

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

• Record-like quarter driven by strong tanker markets and geopolitical dislocation. TEN said first-quarter 2026 benefited from Venezuela-related ton-mile growth and Middle East disruptions, with utilization at 98.3% and voyage revenue rising to $253 million.
• Profitability surged year over year. Net income jumped to $89 million from $37.7 million a year ago, while adjusted EBITDA increased to $154 million and EPS rose to $2.72.
• Visible contracted revenue remains very high. Management said the company has about $3.6 billion of upfront revenue booked over the next two years, supported by a fleet that is largely on secured contracts and profit-sharing arrangements.
• Shareholder returns were emphasized again. TEN announced a $1.00 per share common dividend to be paid in July, up from last year, and highlighted its long history of paying substantial dividends while maintaining a cash buffer.
• Fleet modernization and optionality remain key priorities. TEN continues to replace older vessels with newer, more eco-friendly ships, is considering additional vessel sales, and said it will decide soon on its LNG newbuild option, while the shuttle tanker business remains part of the core platform for now.

Tsakos Energy Navigation Stock Performance

NYSE TEN opened at $42.61 on Friday. Tsakos Energy Navigation has a 52-week low of $17.14 and a 52-week high of $45.85. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.92 and a current ratio of 0.95. The company has a market capitalization of $1.28 billion, a P/E ratio of 6.94 and a beta of -0.27. The company has a fifty day moving average of $39.75 and a 200-day moving average of $31.09.

Wall Street Analyst Weigh In

TEN has been the subject of a number of recent research reports. Wall Street Zen upgraded shares of Tsakos Energy Navigation from a “hold” rating to a “buy” rating in a research note on Saturday, April 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Tsakos Energy Navigation in a research note on Wednesday, April 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $29.50.

Insider Activity

In related news, CEO Nikolaos Tsakos acquired 12,500 shares of the company’s stock in a transaction dated Tuesday, April 28th. The stock was bought at an average cost of $39.92 per share, with a total value of $499,000.00. Following the acquisition, the chief executive officer owned 906,000 shares of the company’s stock, valued at approximately $36,167,520. The trade was a 1.40% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.41% of the company’s stock.

Institutional Trading of Tsakos Energy Navigation

Several hedge funds have recently added to or reduced their stakes in TEN. Schonfeld Strategic Advisors LLC purchased a new position in shares of Tsakos Energy Navigation during the third quarter valued at about $461,000. Graham Capital Management L.P. purchased a new position in shares of Tsakos Energy Navigation during the fourth quarter valued at about $353,000. Walleye Capital LLC purchased a new position in shares of Tsakos Energy Navigation during the second quarter valued at about $296,000. Tidal Investments LLC increased its position in shares of Tsakos Energy Navigation by 13.2% during the second quarter. Tidal Investments LLC now owns 12,733 shares of the company’s stock valued at $244,000 after buying an additional 1,482 shares during the period. Finally, Nipun Capital L.P. purchased a new position in shares of Tsakos Energy Navigation during the fourth quarter valued at about $235,000. 19.24% of the stock is owned by institutional investors.

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.