NYSE$TEN
Tsakos Energy Navigation Limited · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Tsakos reported lower revenue and net income in Q4 2024 compared to the prior year but maintained profitability and declared a dividend.
In Q4 2024, Tsakos Energy Navigation (TEN) generated $188.26 million in revenue and reported $0.42 in EPS. Net income attributable to common stockholders was $12.52 million, and adjusted EBITDA came in at $85.56 million. The company managed lower fleet utilization due to drydockings but continued to control costs and maintain a healthy balance sheet.
- Q4 revenue reached $188.26 million, down from $220.24 million a year ago.
- EPS for the quarter was $0.42, beating expectations by $0.02.
- Adjusted EBITDA came in at $85.56 million, impacted by scheduled drydockings.
- TEN maintained a strong cash position with $348.31 million at quarter-end.
Headline financials
Revenue & EPS history
Tsakos · Revenue · Quarterly
$188M
Forward guidance
TEN expects continued fleet expansion and favorable market conditions to support future revenue and dividend stability.
Tailwinds
- Secured $4.0 billion in minimum revenue backlog.
- 21-vessel newbuilding program underway.
- Strong tanker market fundamentals with limited newbuild supply.
- 15-year employment contracts signed with Transpetro.
- Focus on eco-friendly fleet renewal supports long-term strategy.
Headwinds
- Fleet utilization impacted by scheduled drydockings.
- Voyage revenues declined year-over-year.
- Higher vessel operating expenses due to fleet size increase.
- Continued exposure to high finance costs despite easing rates.
- Geopolitical uncertainties could introduce operational risk.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2024
-0.8%
Avg return
Earnings day
-1.3%
Avg return
5 days after
-1.6%
Avg return
30 days after
38%
25 / 66 earnings
Positive
+8.5%
Q1 2025
Best reaction
-18.1%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.6% | -10.5% | -14.4% | |
| Q4 2025 | +1.3% | -2.9% | +7.4% | |
| Q3 2025 | -1.1% | -3.3% | -12.7% | |
| Q2 2025 | -4.2% | +4.1% | -6.2% | |
| Q1 2025 | +8.5% | +9.7% | +3.0% | |
| Q4 2024 | +1.4% | +2.6% | +1.3% | |
| Q3 2024 | -6.2% | -8.6% | -13.8% | |
| Q2 2024 | +7.3% | +11.1% | +10.4% | |
| Q1 2024 | +1.8% | +3.9% | +1.5% | |
| Q4 2023 | -0.9% | +0.9% | +1.2% | |
| Q3 2023 | -1.9% | -3.3% | +6.7% | |
| Q2 2023 | +1.0% | -1.9% | +4.0% | |
| Q1 2023 | -5.5% | -4.4% | -10.4% | |
| Q4 2022 | -18.1% | -7.1% | -16.1% | |
| Q3 2022 | +2.7% | +10.2% | +9.5% | |
| Q2 2022 | -2.2% | +9.3% | +22.5% | |
| Q1 2022 | +1.8% | -15.5% | -14.0% | |
| Q4 2021 | +0.7% | +8.7% | +18.0% | |
| Q3 2021 | -5.0% | -8.0% | -20.7% | |
| Q2 2021 | +1.1% | +2.3% | +12.6% | |
| Q1 2021 | -3.3% | -0.3% | -7.9% | |
| Q4 2020 | +1.9% | -2.4% | +7.5% | |
| Q3 2020 | -1.5% | -3.3% | +15.1% | |
| Q2 2020 | -0.6% | -0.6% | -4.4% | |
| Q1 2020 | -6.4% | -9.9% | -3.2% | |
| Q4 2019 | -1.4% | -15.8% | -40.4% | |
| Q3 2019 | -2.2% | -5.1% | -4.3% | |
| Q2 2019 | +4.7% | +2.2% | +10.5% | |
| Q1 2019 | +0.9% | +2.8% | -0.3% | |
| Q4 2018 | -2.8% | -0.3% | +8.2% | |
| Q3 2018 | -2.8% | +1.5% | +0.6% | |
| Q2 2018 | +0.3% | -0.6% | -3.4% | |
| Q1 2018 | -0.5% | -1.9% | -2.5% | |
| Q4 2017 | +4.9% | +4.3% | +5.2% | |
| Q3 2017 | -0.4% | -0.7% | -5.8% | |
| Q2 2017 | -0.2% | -1.8% | -7.5% | |
| Q1 2017 | +2.0% | -2.0% | -7.0% | |
| Q4 2016 | +0.2% | +2.4% | -5.8% | |
| Q3 2016 | -5.5% | -12.8% | -5.9% | |
| Q2 2016 | -5.3% | -6.6% | -4.3% | |
| Q1 2016 | +2.0% | — | — | |
| Q4 2015 | -3.4% | — | — | |
| Q3 2015 | -2.9% | — | — | |
| Q2 2015 | -3.1% | — | — | |
| Q1 2015 | -0.1% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | -2.7% | — | — | |
| Q1 2014 | +1.6% | — | — | |
| Q4 2013 | +1.5% | — | — | |
| Q3 2013 | -1.8% | — | — | |
| Q2 2013 | -3.4% | — | — | |
| Q1 2013 | +5.5% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | -4.0% | — | — | |
| Q2 2011 | +1.7% | — | — | |
| Q2 2012 | -3.5% | — | — | |
| Q4 2009 | -0.5% | — | — | |
| Q4 2010 | -0.5% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q1 2012 | -1.7% | — | — | |
| Q3 2011 | +3.7% | — | — | |
| Q1 2011 | -0.2% | — | — | |
| Q3 2010 | -2.7% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q1 2010 | -0.8% | — | — |
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