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Tsakos Energy Navigation (TEN)
NYSE:TEN
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Earnings Data
Report Date
Mar 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.62Last Year’s EPS
1.74Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 30, 2018
|% Change Since: -0.90%
|Next Earnings Date:Sep 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted the company's strong financial performance, fleet expansion, and solid client relationships, which are positive indicators. However, market volatility, high finance costs, and operational challenges due to dry dockings present notable concerns.Company Guidance
During the Tsakos Energy Navigation (TNP) Q3 2024 earnings call, the company provided positive guidance with several promising metrics. Tsakos Energy Navigation reported a solid financial position, highlighting $2 billion in forward-contracted revenue, a healthy cash position, and a 50% increase in dividends. The company has a fleet utilization rate exceeding 92%, and its fleet's fair market value stands at approximately $4 billion against a low debt of $1.8 billion. The company also emphasized its strategic fleet renewal, with 21 new vessels being added, enhancing its operational capacity. Additionally, TNP's charter mix includes 60% of its business provided by six major energy companies, such as ExxonMobil and BP, ensuring steady revenue streams. Despite some market challenges, the company maintains a robust industrial model, positioning itself for continued growth and shareholder rewards.Increased Dividend and Strong Cash Position
The company increased its dividends by 50%, offering a substantial dividend yield of approximately 7.5% on today's price, while maintaining a healthy cash position.
Fleet Expansion and Modernization
Successfully reallocated older assets and expanded the fleet with a 21 new vessel program, including acquiring a 5-vessel company and taking delivery of dual-fuel vessels.
Strong Client Base and Revenue Potential
The company has secured contracts with major energy companies like Exxon, Equinor, Total, BP, and Shell, with $1.8 billion in minimum secured revenues and a backlog with profit-sharing elements.
Operational Efficiency and Profitability
Achieved a 92% fleet utilization rate and a net income of $157 million for the first 9 months with an EPS of $4.62. Adjusted EBITDA for the 9 months was $314 million.
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TEN Earnings History
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
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TEN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 26, 2024 | $18.87 | $17.95 | -4.88% |
| Sep 11, 2024 | $21.82 | $23.36 | +7.06% |
| Jun 20, 2024 | $26.74 | $26.05 | -2.58% |
| Mar 27, 2024 | $23.80 | $23.68 | -0.50% |
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.
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FAQ
When does Tsakos Energy Navigation (TEN) report earnings?
Tsakos Energy Navigation (TEN) is schdueled to report earning on Mar 27, 2025, TBA Not Confirmed.
What is Tsakos Energy Navigation (TEN) earnings time?
Tsakos Energy Navigation (TEN) earnings time is at Mar 27, 2025, TBA Not 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 2024 (Q4) is 0.62.
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