The earnings call highlighted strong financial performance, fleet expansion, and a significant future income stream. Despite these positives, challenges such as stock price underperformance and geopolitical uncertainties were noted. Overall, positive achievements and strategic management significantly outweighed the lowlights.

Company Guidance

During the Tsakos Energy Navigation conference call on June 17, 2025, the company provided several key metrics and guidance on its financial performance and strategic initiatives. The company reported a committed future income of approximately $3.7 billion from long-term charters, highlighting its strong market position and predictable earnings. Tsakos Energy Navigation is in the midst of significant fleet expansion, with 21 vessels under construction, enhancing its capacity to serve major energy clients. The company achieved a high fleet utilization rate of 97.2% in Q1 2025, resulting in gross revenues of $197.1 million, slightly lower than the $201.5 million from the previous year. Despite geopolitical uncertainties and market fluctuations, the company maintained a strong dividend and expressed confidence in its undervalued stock, which it suggested should be evaluated based on EBITDA multiples rather than net asset value. The company also emphasized its strategic focus on fleet renewal and potential growth in the VLCC and LNG segments, positioning itself as a significant transporter of energy on a global scale.

Record Future Income

Tsakos Energy Navigation reported a committed future income of approximately $3.7 billion, which spans several years and ensures profitability, limits volatility, and provides greater predictability in its earnings.

Fleet Expansion and Modernization

The company is undergoing its largest fleet expansion with 21 vessels being built, and it has completed the delivery of two new vessels. The fleet is being renewed with modern, state-of-the-art vessels.

Strong Market Demand

There is a huge demand for charters, even for older ships, with some vessels being chartered for up to 10 to 15 years.

High Fleet Utilization

The company reported a near maximum fleet utilization of 97.2% for Q1 2025.

Healthy Dividend

The company announced a first semiannual dividend of $0.60 per share to shareholders of record on July 14, 2025.

Profitable Quarter

The company reported a net income of $37.7 million for the first quarter of 2025.

Strategic Fleet Management

The company plans to sell older ships, potentially releasing close to $100 million of net cash flow, which could enhance dividend payments and reduce debt.

Tsakos Energy Navigation (TEN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 10, 2025	2025 (Q2)	0.71 / -	1.259	―	―	―
Jun 17, 2025	2025 (Q1)	0.48 / 0.92	1.052	-12.55% (-0.13)
Mar 27, 2025	2024 (Q4)	0.36 / 0.40	1.744	-77.06% (-1.34)
Nov 26, 2024	2024 (Q3)	0.66 / 0.67	0.83	-19.28% (-0.16)
Sep 11, 2024	2024 (Q2)	1.24 / 1.26	1.65	-23.70% (-0.39)
Jun 20, 2024	2024 (Q1)	1.47 / 1.05	2.938	-64.19% (-1.89)
Mar 27, 2024	2023 (Q4)	1.72 / 1.74	3.36	-48.10% (-1.62)
Nov 21, 2023	2023 (Q3)	0.83 / 0.83	1.48	-43.92% (-0.65)
Sep 07, 2023	2023 (Q2)	1.60 / 1.65	1.31	25.95% (+0.34)
May 30, 2023	2023 (Q1)	2.79 / 2.94	-0.12	2548.33% (+3.06)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TEN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 17, 2025	$18.34	$19.95	+8.78%
Mar 27, 2025	$16.18	$16.41	+1.42%
Nov 26, 2024	$18.33	$17.43	-4.91%
Sep 11, 2024	$21.19	$22.68	+7.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tsakos Energy Navigation (TEN) report earnings?

Tsakos Energy Navigation (TEN) is schdueled to report earning on Sep 10, 2025, Before Open (Confirmed).

What is Tsakos Energy Navigation (TEN) earnings time?

Tsakos Energy Navigation (TEN) earnings time is at Sep 10, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TEN EPS forecast?

TEN EPS forecast for the fiscal quarter 2025 (Q2) is 0.71.

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