Tsakos Earnings Reports

Tsakos delivered strong Q3 2025 results driven by consistent TCE rates and a gain on vessel sales. Net income improved notably year-over-year while operating expenses remained controlled. The company declared a $1.00 dividend for common shareholders and continued expanding its newbuilding program.

Tsakos Energy Navigation posted $193.3M in revenue and $26.8M in net income for Q2 2025, supported by high fleet utilization and stable TCE rates. The company continues to expand its fleet and secure long-term contracts despite macroeconomic challenges.

TEN delivered strong Q1 2025 results with $197.1M in revenue and $37.7M in net income, while maintaining 97.2% fleet utilization and launching its largest growth program in company history.

In Q4 2024, Tsakos Energy Navigation (TEN) generated $188.26 million in revenue and reported $0.42 in EPS. Net income attributable to common stockholders was $12.52 million, and adjusted EBITDA came in at $85.56 million. The company managed lower fleet utilization due to drydockings but continued to control costs and maintain a healthy balance sheet.