Tsakos Energy Navigation Limited (TEN)

Tsakos Energy Navigation Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	799.52	804.06	889.57	860.4	546.12	644.14
Revenue Growth (YoY)	-3.67%	-9.61%	3.39%	57.55%	-15.22%	7.81%
Cost of Revenue	371.96	379.66	384.19	439.91	401.41	346.07
Gross Profit	427.57	424.4	505.38	420.49	144.71	298.06
Selling, General & Admin	47.95	45.37	33.34	29.85	29.13	27.54
Operating Expenses	211.46	205.28	177.58	170.68	172.38	164.64
Operating Income	216.11	219.12	327.8	249.81	-27.67	133.42
Interest Expense	-112.04	-113.19	-100.83	-54.28	-41.82	-53.21
Interest & Investment Income	14.18	15.12	14.58	2	0.7	1.07
Other Non Operating Income (Expenses)	1.05	1.14	-0.17	4.39	10.4	-17.33
EBT Excluding Unusual Items	119.29	122.19	241.39	201.93	-58.4	63.95
Gain (Loss) on Sale of Assets	36.05	48.66	81.2	-0.44	-5.82	-6.45
Asset Writedown	-	-	-26.37	-	-86.37	-28.78
Other Unusual Items	-	-	-	-	-	-1.5
Pretax Income	166.11	181.63	305.08	208.47	-150.58	27.22
Earnings From Continuing Operations	166.11	181.63	305.08	208.47	-150.58	27.22
Minority Interest in Earnings	-6.21	-5.4	-4.9	-4.23	-0.82	-3.22
Net Income	159.91	176.23	300.18	204.23	-151.4	24
Preferred Dividends & Other Adjustments	28.16	27.96	33.44	35.97	35.77	39.07
Net Income to Common	131.75	148.27	266.74	168.26	-187.18	-15.07
Net Income Growth	-9.99%	-41.29%	46.98%	-	-	58.68%
Shares Outstanding (Basic)	30	30	30	28	20	19
Shares Outstanding (Diluted)	30	30	30	28	20	19
Shares Change (YoY)	0.13%	-	4.67%	43.45%	4.70%	5.73%
EPS (Basic)	4.46	5.03	9.04	6.02	-9.53	-0.80
EPS (Diluted)	4.46	5.03	9.04	6.01	-9.53	-0.80
EPS Growth	-9.96%	-44.41%	50.30%	-	-	-
Free Cash Flow	-	-342.34	96.89	-44.84	-8.12	17.18
Free Cash Flow Per Share	-	-11.60	3.28	-1.59	-0.41	0.92
Dividend Per Share	-	1.500	0.600	0.250	0.100	0.600
Dividend Growth	-	150.00%	140.00%	150.00%	-83.33%	20.00%
Gross Margin	53.48%	52.78%	56.81%	48.87%	26.50%	46.27%
Operating Margin	27.03%	27.25%	36.85%	29.04%	-5.07%	20.71%
Profit Margin	16.48%	18.44%	29.99%	19.56%	-34.27%	-2.34%
Free Cash Flow Margin	-	-42.58%	10.89%	-5.21%	-1.49%	2.67%
EBITDA	360.09	358.93	450.92	371.39	99.15	260.7
EBITDA Margin	45.04%	44.64%	50.69%	43.16%	18.15%	40.47%
D&A For EBITDA	143.98	139.81	123.12	121.58	126.82	127.28
EBIT	216.11	219.12	327.8	249.81	-27.67	133.42
EBIT Margin	27.03%	27.25%	36.85%	29.04%	-5.07%	20.71%

Updated Apr 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q