Tsakos Energy Navigation Full Year 2024 Earnings: Beats Expectations

Simply Wall St

March 28, 2025

Tsakos Energy Navigation (NYSE:TEN) Full Year 2024 Results

Key Financial Results

Revenue: US$804.1m (down 9.6% from FY 2023).
Net income: US$176.2m (down 34% from FY 2023).
Profit margin: 22% (down from 30% in FY 2023).
EPS: US$5.97 (down from US$9.04 in FY 2023).

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earnings-and-revenue-history — NYSE:TEN Earnings and Revenue History March 28th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tsakos Energy Navigation Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.

Looking ahead, revenue is expected to decline by 5.8% p.a. on average during the next 2 years, while revenues in the Oil and Gas industry in the US are expected to grow by 3.9%.

Performance of the American Oil and Gas industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 3 warning signs for Tsakos Energy Navigation you should be aware of, and 1 of them is a bit concerning.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.