The earnings call reflects a positive outlook with a series of strategic achievements such as fleet modernization, strong relationships with major energy companies, and high fleet utilization. However, there are challenges in terms of decreased gross revenue, higher interest costs, and reduced capital gains from vessel sales. The overall sentiment remains optimistic due to the company's strong fundamentals and growth potential.

Company Guidance

During the Tsakos Energy Navigation conference call on September 10, 2025, the company provided guidance indicating a strong performance with significant contracted revenue and strategic fleet management. The company reported a total fleet contracted revenue backlog of approximately $3.7 billion, translating to more than $120 per share. They have a pro forma fleet of 82 vessels, with 87% of the operating fleet under secured revenue contracts. The company has been active in fleet renewal, selling older vessels and ordering new, eco-friendly ships, including three new VLCCs. The financial highlights for the first half of 2025 include generating $390 million in gross revenues with an average daily rate of $30,754 per ship, and a net income of $64.5 million or $1.70 per share. The company expressed optimism about the tanker market, anticipating a solid performance in the coming months, and is considering dividend announcements in November, reflecting confidence in future financial stability.

Profitable Quarter and Fleet Expansion

Reported another profitable quarter with a pro forma fleet of 82 vessels, including the addition of 3 new VLCCs. Contracted revenue for the fleet backlog stands at approximately $3.7 billion.

Strong Relationships with Major Energy Companies

TEN continues to do repeat business with major energy companies like ExxonMobil, Equinor, Shell, Chevron, Total, and BP, thanks to its modern and diversified fleet.

High Fleet Utilization

Fleet utilization increased to 96.9% in the first half of 2025, up from 91.9% in the first half of 2024.

Commitment to Fleet Modernization

TEN has sold 17 older vessels and replaced them with 33 contracted and modern acquired vessels, focusing on energy-efficient and eco-friendly ships.

Strong Balance Sheet

TEN maintains a solid balance sheet with strong cash reserves and a fair market value of the fleet at $3.8 billion against $1.8 billion debt, resulting in a net debt to capital of 42%.

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

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TEN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Dec 02, 2025	2025 (Q3)	0.65 / -	0.67	―	―	―
Sep 10, 2025	2025 (Q2)	0.60 / 0.67	1.259	-46.78% (-0.59)
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)

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
Sep 10, 2025	$22.43	$21.51	-4.10%
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%

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 Limited (TEN) report earnings?

Tsakos Energy Navigation Limited (TEN) is schdueled to report earning on Dec 02, 2025, Before Open (Confirmed).

What is Tsakos Energy Navigation Limited (TEN) earnings time?

Tsakos Energy Navigation Limited (TEN) earnings time is at Dec 02, 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 (Q3) is 0.65.

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