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Jun 30
Tsakos Q2 2025 Earnings Report
Tsakos reported solid results with positive net income and strong vessel utilization for Q2 2025.
Key Takeaways
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.
Reported net income of $26.8M and EPS of $0.67
Adjusted EBITDA reached $93.9M for the quarter
Fleet utilization remained strong at 96.6%
Average TCE per vessel per day was $30,767
Tsakos
Tsakos
Forward Guidance
TEN maintains a positive outlook with forward-contracted revenues of $3.7B, fleet expansion plans, and favorable market fundamentals despite geopolitical and macroeconomic headwinds.
Positive Outlook
- Minimum forward earnings of $3.7B secured
- Ongoing fleet expansion with 21 newbuilds underway
- Strong tanker market fundamentals
- Strategic vessel divestments and upgrades improving fleet quality
- High charter rates supported by global oil demand and trade disruptions
Challenges Ahead
- Macroeconomic uncertainty due to global tariff impacts
- Geopolitical risks in the Middle East and Red Sea
- Ongoing inflationary pressures on operating costs
- Higher vessel operating expenses year-over-year
- Valuation of tanker stocks affected by investor sentiment