Tsakos Energy Navigation
Operates energy carriers through chartered international shipping services.
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Profile
Provides international marine transportation of crude oil, petroleum products, and LNG through a fleet of tankers and carriers. Long-, medium-, and short-term charters, plus a growing DP2 shuttle program, connect vessel capacity with customer transport needs.
Crude-oil and product-tanker services form the core of an international energy-shipping fleet, complemented by LNG carriers and DP2 shuttle tankers. Vessels are employed across international trade routes through long-, medium-, and short-term charters for oil companies and refiners.
A management-company operating structure separates the listed company from the employees of its shipping and technical-management affiliates. Founder and CEO Nikolas P. Tsakos has led the company since inception.
Current investment focuses on LNG capacity and DP2 shuttle tankers. The shuttle-tanker program includes vessels employed in Brazil's offshore market under long-term charter arrangements.
Company facts
Categories
Key statistics
Year to date +94.5% · Average volume (30d) 205.9K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Mar 9, 2026 | Industrial Alliance Securities | Target | $50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| May 21, 2026Q1 FY26 | $2.07 | $2.72 | +31.4% | $208.8M | $223.1M | +6.9% | −4.18% |
| Mar 6, 2026Q4 FY25 | $1.07 | $1.70 | +58.9% | $172.9M | $195.3M | +12.9% | +6.73% |
| Nov 20, 2025Q3 FY25 | $0.77 | $1.05 | +36.4% | $162.8M | $186.2M | +14.4% | −1.48% |
| Sep 10, 2025Q2 FY25 | $0.59 | $0.67 | +13.6% | $155.4M | $193.3M | +24.4% | +1.81% |
Financial highlights
| 12 quarters | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $188.3M | $197.1M | $193.3M | $186.2M | $222.1M | $253.0M | |
| Gross profit | $58.3M | $67.0M | $63.3M | $60.8M | $90.9M | $122.3M | |
| Operating income | $42.4M | $60.6M | $50.0M | $51.6M | $81.2M | $109.9M | |
| Net income | $19.3M | $37.7M | $26.8M | $38.3M | $58.0M | $88.8M | |
| Diluted EPS | $0.41 | $1.04 | $0.67 | $1.05 | $1.70 | $2.73 | |
| Gross margin | 31.0% | 34.0% | 32.7% | 32.6% | 40.9% | 48.4% | |
| Operating margin | 22.5% | 30.8% | 25.9% | 27.7% | 36.6% | 43.4% |
Fiscal years (4-quarter sums)FY21 $9.58B · FY22 $860.4M · FY23 $889.6M · FY24 $804.1M · FY25 $798.7M
Balance sheet, Mar 31, 2026Cash & short-term investments $321.4M · Total debt $2.14B · Total assets $4.24B · Shareholders' equity $1.95B
Dividends
Last raised to $1.00 from $0.50 in Jul 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 23, 2026 | Jul 23 | Jul 30 | $1.00 | raised from $0.50 |
| Feb 11, 2026 | Feb 11 | Feb 19 | $0.50 | |
| Dec 15, 2025 | Dec 15 | Dec 19 | $0.50 | cut from $0.60 |
| Jul 14, 2025 | Jul 14 | Jul 18 | $0.60 | cut from $0.90 |
| Dec 16, 2024 | Dec 16 | Dec 20 | $0.90 | raised from $0.60 |
| Jul 12, 2024 | Jul 12 | Jul 18 | $0.60 | raised from $0.30 |
| Dec 13, 2023 | Dec 14 | Dec 20 | $0.30 | |
| Oct 19, 2023 | Oct 20 | Oct 26 | $0.40 | special dividend |
Ownership
Shares outstanding 30.13M · Float 20.96M · 69.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Arrowstreet Capital, Limited Partnership | 813.8K | 2.70% | 13F | May 14, 2026 |
| Castleknight Management LP | 799.4K | 2.65% | 13F | May 15, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 661.6K | 2.20% | 13F | May 15, 2026 |
| Acadian Asset Management LLC | 620.2K | 2.06% | 13F | May 13, 2026 |
| Nikolaos Tsakos · director, officer: Chief Executive Officer | 581.6K | 1.93% | Form 4 | Jul 10, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 13, 2026 | Clio Hatzimichalis | director | −5,000 | $41.07 |
| Jul 14, 2026 | Nicholas Francis Tommasino | director | −2,490 | $40.07 |
| Apr 28, 2026 | Nikolaos Tsakos | director, officer: Chief Executive Officer | +12,500 | $39.92 |
| Apr 29, 2026 | Nikolaos Tsakos | director, officer: Chief Executive Officer | +12,500 | $39.95 |
Peers
- Frontline
Large crude and product tanker operator across core vessel classes
- International Seaways
Balanced crude and product tanker operator with broad fleet overlap
- CMB.TECH (ADR)
Crude-tanker operator with VLCC and Suezmax overlap
- Teekay Tankers
Suezmax, Aframax and LR2 tanker operator
- DHT
VLCC owner serving the long-haul crude trade
- Scorpio Tankers
LR2 product-tanker operator in refined-product shipping
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Tsakos Energy Navigation | $42.52 | −0.12% | $1.28B | 6.9 | 6.1 | 1.5 | — |
| Frontline | $44.22 | +0.12% | $9.84B | 6.6 | 9.1 | 3.6 | +56.9% |
| International Seaways | $100.00 | +1.19% | $4.89B | 6.3 | 10.8 | 3.9 | +121.9% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Teekay Tankers | $88.70 | +0.07% | $3.07B | 5.2 | 6.3 | 2.7 | +10.9% |
| DHT | $19.77 | +0.56% | $3.17B | 6.7 | 6.9 | 4.4 | +98.7% |
| Scorpio Tankers | $77.91 | −0.18% | $3.91B | 4.9 | 11.5 | 3.2 | +70.2% |
| Median | 6.3 | 9.9 | 3.4 | +74.1% |