Tsakos Energy Navigation Past Earnings Performance
Past criteria checks 4/6
Tsakos Energy Navigation has been growing earnings at an average annual rate of 56.6%, while the Oil and Gas industry saw earnings growing at 37.1% annually. Revenues have been growing at an average rate of 11% per year. Tsakos Energy Navigation's return on equity is 18.5%, and it has net margins of 30%.
Key information
56.6%
Earnings growth rate
52.3%
EPS growth rate
| Oil and Gas Industry Growth | 33.7% |
| Revenue growth rate | 11.0% |
| Return on equity | 18.5% |
| Net Margin | 30.0% |
| Last Earnings Update | 31 Dec 2023 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Tsakos Energy Navigation makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 890 | 267 | 33 | 0 |
| 30 Sep 23 | 940 | 334 | 33 | 0 |
| 30 Jun 23 | 977 | 351 | 35 | 0 |
| 31 Mar 23 | 972 | 339 | 30 | 0 |
| 31 Dec 22 | 860 | 168 | 30 | 0 |
| 30 Sep 22 | 729 | -34 | 29 | 0 |
| 30 Jun 22 | 637 | -111 | 29 | 0 |
| 31 Mar 22 | 557 | -176 | 29 | 0 |
| 31 Dec 21 | 546 | -187 | 29 | 0 |
| 30 Sep 21 | 539 | -114 | 28 | 0 |
| 30 Jun 21 | 550 | -89 | 27 | 0 |
| 31 Mar 21 | 604 | -41 | 27 | 0 |
| 31 Dec 20 | 644 | -15 | 28 | 0 |
| 30 Sep 20 | 688 | 25 | 29 | 0 |
| 30 Jun 20 | 676 | 15 | 30 | 0 |
| 31 Mar 20 | 629 | -18 | 29 | 0 |
| 31 Dec 19 | 597 | -28 | 28 | 0 |
| 30 Sep 19 | 576 | -105 | 28 | 0 |
| 30 Jun 19 | 571 | -110 | 27 | 0 |
| 31 Mar 19 | 551 | -113 | 27 | 0 |
| 31 Dec 18 | 530 | -133 | 27 | 0 |
| 30 Sep 18 | 511 | -76 | 27 | 0 |
| 30 Jun 18 | 508 | -62 | 27 | 0 |
| 31 Mar 18 | 517 | -48 | 27 | 0 |
| 31 Dec 17 | 529 | -16 | 26 | 0 |
| 30 Sep 17 | 525 | 9 | 26 | 0 |
| 30 Jun 17 | 510 | 17 | 25 | 0 |
| 31 Mar 17 | 498 | 32 | 26 | 0 |
| 31 Dec 16 | 482 | 40 | 26 | 0 |
| 30 Sep 16 | 494 | 68 | 24 | 0 |
| 30 Jun 16 | 527 | 106 | 23 | 0 |
| 31 Mar 16 | 561 | 131 | 21 | 0 |
| 31 Dec 15 | 588 | 145 | 22 | 0 |
| 30 Sep 15 | 582 | 121 | 41 | 0 |
| 30 Jun 15 | 561 | 88 | 23 | 0 |
| 31 Mar 15 | 520 | 48 | 22 | 0 |
| 31 Dec 14 | 501 | 25 | 21 | 0 |
| 30 Sep 14 | 469 | -24 | 25 | 0 |
| 30 Jun 14 | 455 | -30 | 29 | 0 |
| 31 Mar 14 | 451 | -30 | 33 | 0 |
| 31 Dec 13 | 418 | -41 | 21 | 0 |
| 30 Sep 13 | 414 | -28 | 37 | 0 |
| 30 Jun 13 | 398 | -36 | 36 | 0 |
Quality Earnings: TNP.PRE has a large one-off gain of $54.8M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: TNP.PRE's current net profit margins (30%) are higher than last year (19.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: TNP.PRE has become profitable over the past 5 years, growing earnings by 56.6% per year.
Accelerating Growth: TNP.PRE's earnings growth over the past year (58.5%) exceeds its 5-year average (56.6% per year).
Earnings vs Industry: TNP.PRE earnings growth over the past year (58.5%) exceeded the Oil and Gas industry -21.9%.
Return on Equity
High ROE: TNP.PRE's Return on Equity (18.5%) is considered low.