Company research
TSAKOS ENERGY NAVIGATION LTD
CIK 1166663Updated Sep 27, 2026
SecuritiesTEN · NYSE · equityTEN PRE · NYSE · preferredTEN PRF · NYSE · preferred
Historical securities (1)
TNP · NYSE · equity · closed Jun 28, 2024TEN price & chart
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Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,953,081,000Source | 3,706,522,000Source | 3,364,090,000Source | 3,308,575,000Source |
| Property, Plant and Equipment, NetUSD | 3,156,075,000Source | 2,919,783,000Source | 2,600,021,000Source | 2,580,575,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 293,312,000Source | 343,373,000Source | 372,032,000Source | 304,367,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 41,079,000Source | 26,451,000Source | 46,698,000Source | 78,198,000Source |
| Inventory, NetUSD | 12,591,000Source | 18,948,000Source | 22,513,000Source | 26,217,000Source |
| Assets, CurrentUSD | 434,632,000Source | 451,803,000Source | 509,336,000Source | 513,114,000Source |
| Operating Lease, Right-of-Use AssetUSD | 7,770,000Source | 15,937,000Source | 36,969,000Source | 58,706,000Source |
| LIABILITIES AND EQUITY | ||||
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 11,493,000Source | 11,493,000Source | 11,493,000Source | 15,010,000Source |
| Common Stock, Value, IssuedUSD | 151,541,000Source | 151,541,000Source | 150,919,000Source | 150,919,000Source |
| Retained Earnings (Accumulated Deficit)USD | 738,350,000Source | 652,651,000Source | 548,237,000Source | 311,726,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -1,886,000Source | -904,000Source | 2,485,000Source | 7,665,000Source |
| Stockholders' Equity Attributable to ParentUSD | 1,819,476,000Source | 1,727,708,000Source | 1,618,557,000Source | 1,471,897,000Source |
| Additional Paid in Capital, Common StockUSD | 926,769,000Source | 919,718,000Source | 912,214,000Source | 993,368,000Source |
| Liabilities and EquityUSD | 3,953,081,000Source | 3,706,522,000Source | 3,364,090,000Source | 3,308,575,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 458,040,000Source | 408,519,000Source | 323,202,000Source | 369,687,000Source |
| Operating Lease, Liability, CurrentUSD | 7,770,000Source | 11,608,000Source | 21,031,000Source | 21,737,000Source |
| Accounts Payable, CurrentUSD | 42,676,000Source | 55,846,000Source | 40,207,000Source | 48,156,000Source |
| Operating Lease, Liability, NoncurrentUSD | 0Source | 4,329,000Source | 15,937,000Source | 36,969,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 43,529,000Source | 39,489,000Source | 34,090,000Source | 51,022,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 68,117,000Source | 49,901,000Source | 33,391,000Source | 36,196,000Source |
| Deferred Revenue, CurrentUSD | 17,273,000Source | 37,410,000Source | 31,902,000Source | 26,049,000Source |
| Dividends Payable, CurrentUSD | 15,064,000Source | — | — | — |
| Long-term Debt, Excluding Current Maturities | — | — | — | — |
| Long-term Debt, Current MaturitiesUSD | 295,490,000Source | 245,475,000Source | 185,516,000Source | 201,046,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 1,487,363,000Source | 1,354,423,000Source | 1,220,749,000Source | 1,376,831,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | 164,944,000Source | 181,630,000Source | 305,084,000Source | 208,466,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | -6,357,000Source | -3,565,000Source | -3,704,000Source | 3,299,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 297,622,000Source | 307,684,000Source | 395,279,000Source | 288,529,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -458,118,000Source | -441,606,000Source | -137,441,000Source | -301,814,000Source |
| Cash flows from financing activities: | ||||
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 110,313,000Source | 105,540,000Source | -190,583,000Source | 195,527,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 317,719,000Source | 226,085,000Source | 426,315,000Source | 494,171,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 298,129,000Source | 348,312,000Source | 376,694,000Source | 309,439,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 94,003,000Source | 108,648,000Source | 101,344,000Source | 48,946,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 7,051,000Source | 8,126,000Source | — | — |
| Amortization of Debt Issuance CostsUSD | 3,261,000Source | 3,626,000Source | 3,623,000Source | 4,052,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | 69,000Source | — | — | — |
| Debt Securities, Realized Gain (Loss)USD | 144,000Source | 166,000Source | — | — |
| DepreciationUSD | 148,307,000Source | 138,396,000Source | 122,811,000Source | 120,459,000Source |
| Derivative, Gain (Loss) on Derivative, NetUSD | -254,000Source | 3,541,000Source | 5,868,000Source | 5,923,000Source |
| Dividends Payable, CurrentUSD | 15,064,000Source | — | — | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 12,456,000Source | 48,662,000Source | 81,198,000Source | -440,000Source |
| General and Administrative ExpenseUSD | 42,079,000Source | 45,373,000Source | 33,339,000Source | 29,854,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 164,944,000Source | 181,630,000Source | 305,084,000Source | 208,466,000Source |
| Investment Income, InterestUSD | 10,492,000Source | 15,124,000Source | 14,582,000Source | 2,000,000Source |
| Net Income (Loss) Attributable to ParentUSD | 160,904,000Source | 176,231,000Source | 300,182,000Source | 204,234,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,040,000Source | 5,399,000Source | 4,902,000Source | 4,232,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 132,302,000Source | 148,272,000Source | 266,742,000Source | 168,260,000Source |
| Nonoperating Income (Expense)USD | -87,373,000Source | -96,928,000Source | -86,415,000Source | -47,887,000Source |
| Operating Costs and ExpensesUSD | 210,960,000Source | 198,049,000Source | 194,914,000Source | — |
| Other Nonoperating Income (Expense)USD | -26,000Source | 99,000Source | -176,000Source | 366,000Source |
| Payments of Financing CostsUSD | 1,831,000Source | 4,805,000Source | 3,952,000Source | 6,296,000Source |
| Proceeds from Issuance of Common StockUSD | — | 0Source | 0Source | 43,841,000Source |
| Proceeds from Issuance of Long-term DebtUSD | 490,852,000Source | 410,632,000Source | 411,424,000Source | 701,105,000Source |
| Proceeds from Noncontrolling InterestsUSD | — | — | — | 0Source |
| Unrealized Gain (Loss) on DerivativesUSD | — | 0Source | 0Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 798,689,000Source | 804,061,000Source | 889,566,000Source | 860,400,000Source |
| Operating Income (Loss)USD | 252,317,000Source | 278,558,000Source | 391,499,000Source | 256,353,000Source |
| Other Nonoperating Income (Expense)USD | -26,000Source | 99,000Source | -176,000Source | 366,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | 4,040,000Source | 5,399,000Source | 4,902,000Source | 4,232,000Source |
| Net Income (Loss) Attributable to ParentUSD | 160,904,000Source | 176,231,000Source | 300,182,000Source | 204,234,000Source |
| Earnings Per Share, BasicUSD per share | 4.45Source | 5.03Source | 9.04Source | 6.02Source |
| Earnings Per Share, DilutedUSD per share | 4.45Source | 5.03Source | 9.04Source | 6.01Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 29,739,492Source | 29,505,603Source | 29,505,603Source | 27,970,799Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 29,739,492Source | 29,505,603Source | 29,505,603Source | 28,188,064Source |
| Additional Financial Items | ||||
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.5Source | — | — | — |
| Costs and ExpensesUSD | 546,372,000Source | 525,503,000Source | 498,067,000Source | 604,047,000Source |
| Debt Securities, Realized Gain (Loss)USD | 144,000Source | 166,000Source | — | — |
| Depreciation, Depletion and Amortization, NonproductionUSD | 170,054,000Source | 159,902,000Source | 144,241,000Source | 140,821,000Source |
| General and Administrative ExpenseUSD | 42,079,000Source | 45,373,000Source | 33,339,000Source | 29,854,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | 164,944,000Source | 181,630,000Source | 305,084,000Source | 208,466,000Source |
| Interest ExpenseUSD | 94,018,000Source | 113,301,000Source | 101,804,000Source | 55,454,000Source |
| Investment Income, InterestUSD | 10,492,000Source | 15,124,000Source | 14,582,000Source | 2,000,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | 132,302,000Source | 148,272,000Source | 266,742,000Source | 168,260,000Source |
| Nonoperating Income (Expense)USD | -87,373,000Source | -96,928,000Source | -86,415,000Source | -47,887,000Source |
| Operating Costs and ExpensesUSD | 210,960,000Source | 198,049,000Source | 194,914,000Source | — |
| Preferred Stock Dividends, Income Statement ImpactUSD | 27,000,000Source | 27,000,000Source | 30,184,000Source | 34,724,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | — | 959,000Source | 0Source | — |