Tsakos Energy Navigation (NYSE:TEN) Issues Quarterly Earnings Results

Tsakos Energy Navigation (NYSE:TEN) posted its earnings results on Friday. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $182.96 million for the quarter, compared to analysts’ expectations 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 Stock Performance

Shares of TEN traded down $0.26 during trading hours on Friday, reaching $34.70. 588,289 shares of the company’s stock traded hands, compared to its average volume of 458,514. Tsakos Energy Navigation has a twelve month low of $13.40 and a twelve month high of $37.61. The business’s fifty day simple moving average is $27.71 and its two-hundred day simple moving average is $24.66. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.30 and a quick ratio of 1.25. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 10.91 and a beta of -0.27.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tsakos Energy Navigation in a report on Friday, January 9th. Clarkson Capital assumed coverage on shares of Tsakos Energy Navigation in a research report on Monday, December 15th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Jefferies Financial Group restated a “hold” rating and issued a $24.00 price target on shares of Tsakos Energy Navigation in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $29.50.

Hedge Funds Weigh In On Tsakos Energy Navigation

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

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.