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Tsakos Energy Navigation (TEN)
NYSE:TEN
Earnings Data
Report Date
Jun 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.56Last Year’s EPS
1.05Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: 3.06%
|Next Earnings Date:Jun 25, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant achievements such as a record fleet expansion and securing a major shuttle tanker deal. Financial performance is strong with robust net income and EBITDA figures. However, there are concerns about the company's share price and increased finance costs. Overall, the positive aspects outweigh the challenges.Company Guidance
During the Tsakos Energy Navigation conference call discussing the fourth quarter of 2024 financial results, several key metrics and strategic moves were highlighted. The company reported a fleet expansion to 82 vessels and contracted fixed revenues of $4 billion. A significant milestone was the $1.3 billion deal to build nine DP2 shuttle tankers with Transpetro, securing 15-year employment, which enhances TEN's status among shuttle tanker leaders. The company maintained ample liquidity and funded this transaction without stretching its balance sheet. Despite a fleet utilization drop to 92.5% and a reduced TCE per ship per day of $32,550, TEN achieved a net income of $176 million for 2024, equating to $5.03 per share. The company also highlighted a robust cash position of nearly $350 million and reiterated a $0.60 dividend for July 2025. The strategic divestment of older vessels and the enhancement of their fleet with eco-friendly options were emphasized as part of their growth strategy.Record Fleet Expansion
Tsakos Energy Navigation (TEN) announced a record 21 vessel expansion, resulting in a fleet pro forma of 82 vessels and $4 billion in contracted fixed revenues.
Milestone Shuttle Tanker Deal
TEN secured a $1.3 billion deal with Transpetro for nine DP2 shuttle tankers, establishing TEN as a leader in the shuttle tanker business.
Strong Financial Performance
TEN reported a net income of $176 million for 2024, equating to $5.03 per common share, and an adjusted EBITDA of $400 million.
High Utilization Rates
The fleet utilization rate was maintained at a healthy 92.5% for 2024, despite the softening market.
Long-term Contracts and Revenue Security
82% of the fleet's contracts are secured revenue contracts, providing stability and predictability in cash flows.
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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 |
|---|---|---|---|
| Mar 27, 2025 | $16.66 | $16.90 | +1.44% |
| 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% |
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 Jun 25, 2025, TBA Not Confirmed.
What is Tsakos Energy Navigation (TEN) earnings time?
Tsakos Energy Navigation (TEN) earnings time is at Jun 25, 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 2025 (Q1) is 0.56.
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