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Earnings transcript
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TEN
Tsakos Energy Navigation Limited
$51.18
-0.3
(-0.58%)
| Exchange: | NYSE |
| Market Cap: | 1.542B |
| Shares Outstanding: | 34.127M |
Delayed data
About The Company
| Sector: | EnergyView sector performance | |||||
| Industry: | Oil & Gas MidstreamView industry performance | |||||
| CEO: | Nikolas Tsakos | |||||
| Full Time Employees: | 77 | |||||
| Address: |
| |||||
| Website: | https://www.tenn.gr |
Tsakos Energy Navigation Limited (TEN) is a global maritime company dedicated to the worldwide ocean transport of crude oil and refined petroleum products. The firm delivers vital shipping and logistics services to a wide array of clients, including national, major, and independent oil companies and refineries, utilizing a range of charter agreements that vary in duration from short-term to extensive long-term contracts. TEN boasts a modern, double-hulled fleet consisting of conventional tankers, liquefied natural gas (LNG) carriers, and specialized suezmax DP2 shuttle tankers. Established in 1993, the company operated under the name MIF Limited before officially adopting Tsakos Energy Navigation Limited in July 2001. Its central operations are managed from its headquarters situated in Athens, Greece.
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Revenue Segmentation
TEN full analysis
Welcome to MARKETSNAP’s SWOT analysis for Tsakos Energy Navigation, also known as TEN on the ticker. If you’re not familiar with this name, let me give you the quick rundown. Tsakos Energy Navigation is a player in the maritime shipping industry, specifically focusing on the transportation of crude oil, petroleum products, and LNG through its fleet of tankers. Operating in the energy sector, they’ve carved out a niche in a highly cyclical and capital-intensive market. With a global presence and…
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 889,566 | 804,061 | 798,689 |
| Gross Profit | 370,007 | 275,269 | 282,840 |
| EBITDA | 534,656 | 434,742 | 410,815 |
| Operating Income | 391,499 | 278,558 | 240,761 |
| Net Income | 300,182 | 176,231 | 160,904 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 3,364,090 | 3,706,522 | 3,953,081 |
| Total Liabilities | 1,711,443 | 1,939,325 | 2,090,076 |
| Total Stockholders Equity | 1,618,557 | 1,727,708 | 1,819,476 |
| Total Debt | 1,601,789 | 1,371,457 | 1,928,994 |
| Cash and Cash Equivalents | 372,032 | 343,373 | 303,129 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 395,279 | 307,684 | 295,791 |
| Capital Expenditure | -298,385 | -650,022 | -521,743 |
| Free Cash Flow | 96,894 | -342,338 | -225,952 |
| Net Income | 300,182 | 181,630 | 159,302 |
| Net Change in Cash | 67,255 | -28,382 | -45,183 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 772,106.009 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 825,182.070 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 798,644.040 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 873,289.925 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 913,252.274 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 893,271.099 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 349,629.970 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 381,200.226 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 365,415.098 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 36,231.916 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 38,722.568 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 37,477.242 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 12.290 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 12.820 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 11.760 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 1 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 1 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Strong Financial Performance in Q1 2025: As highlighted in the latest earnings call transcript, TEN reported robust financial results, exceeding market expectations with significant revenue and net income growth. This performance underscores the company’s operational efficiency and ability to capitalize on favorable market conditions in the tanker industry.
- High Dividend Yield Focus: The company reiterated its commitment to maintaining a strong dividend yield during the Q1 2025 earnings call, which is attractive to income-focused investors. This is supported by a competitive dividendYieldTTM metric, enhancing TEN’s appeal in the energy navigation sector.
- Positive Free Cash Flow: Analysis of the Cash Flow Statements indicates a healthy freeCashFlowTTM, reflecting TEN’s ability to generate cash after capital expenditures. This financial stability supports ongoing operations and potential shareholder returns.
- Strategic Fleet Management: TEN’s focus on optimizing its tanker fleet, as mentioned in the earnings call, aims to unlock additional value. This strategic initiative positions the company to improve operational margins and maintain a competitive edge within the industry.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates TEN intrinsic value between $110.44 – $144.50 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about TEN valuation
Is Tsakos Energy Navigation Limited (TEN) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Tsakos Energy Navigation Limited (TEN) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is TEN a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether TEN trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is TEN’s P/E ratio?
You can see TEN’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for TEN?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is TEN a good long-term investment?
Whether TEN fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
TEN
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Daily snapshot
-0.58
Trading Metrics:
| Open: | 52.75 | Previous Close: | 51.48 | |
| Day Low: | 51 | Day High: | 53.35 | |
| Year Low: | 21.65 | Year High: | 56.73 | |
| Price Avg 50: | 46.03 | Price Avg 200: | 38.27 | |
| Volume: | 397619 | Average Volume: | 320998 |
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