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Tsakos Energy Navigation Ltd

TEN Energy Oil & Gas Midstream

Tsakos Energy Navigation Ltd’s revenue for fiscal 2025 (year ended December 2025) was $798.7 million, down 0.67% from fiscal 2024.

Revenue
+54.4%
EPS
+556.7%
Free cash flow
+185.9%

Quarter to June 2026, against a year earlier

44.93 0.83 +1.88%
Market cap
$1.3B
P/E
4.6×
Fwd P/E
3.9×
Dividend yield
—
F-score
5/9
Altman Z
0.86
Beneish M
−2.24
Dividend safety
22/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 1.00
Sold, $m 1.10
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — 1 — — — — — — —
Sell — — — — — — — 1 1 1 1 —
Insider Ownership 30.00%

Capital & Financial Ratios $m

Size
Market Cap 1,300.00
Revenue ttm 959.70
Net income ttm 399.69
Free cash flow ttm (266.02)
Net debt Q 1,615.89
Valuation
P/E 4.55
Forward P/E 3.94
Price / sales 1.40
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.66
Financial health
Current ratio Q 1.40
Debt / equity Q 1.02
Interest coverage Q 7.19
Growth
Revenue growth Q +54.37% (above 0%: growing)
Operating income growth Q +225.19% (above 0%: growing)
EPS, this year +205.74% (at or above 15%: strong)
EPS, next year A +6.11%
Revenue, next year A +15.55% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +37.36% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.1×, against a ten-year median of 2.9×; over the ten years it ranged from 1.6× in 2023 to 3.9× in 2017.
P/E against its own 10 years 50.92%
10-year low 10-year high
P/S against its own 10 years 97.47%
10-year low 10-year high
P/B against its own 10 years 97.91%
10-year low 10-year high
EV/Sales against its own 10 years 64.41%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2017–25
−100.0%/yr
  1. 2.00 ’17
  2. 1.75 ’18 −13
  3. 0.75 ’19 −57
  4. 0.12 ’20 −84
  5. 0.10 ’21 −20
  6. 0.25 ’22 +150
  7. 0.99 ’23 +305
  8. 0.00 ’24 −100
  9. 0.00 ’25
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 377 349 335 486
Receivables 52 34 54 71
Inventory 23 19 13 22
Other 54 42 25 34
509 452 435 616
2023 2024 2025 Q'26
Payables 44 57 46 63
ST’ Debt 192 252 302 250
Other 32 37 19 12
323 409 458 440

Compound Annual Growth %

10y 5y 3y
Sales 3.11% 4.40% (2.45%)
Cash Flow 2.42% 7.70% 1.04%
Earnings (0.90%) 0.00% (7.70%)
Book Value 2.79% 6.16% 6.95%

Earnings Trends EPS, adjusted, against the consensus

Jun 2025 Estimate 0.59 Actual 0.67

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Sep 2024 1.14 0.67 Miss by 0.47
Dec 2024 0.40 0.42 Beat by 0.02
Mar 2025 0.29 0.92 Beat by 0.63
Jun 2025 0.59 0.67 Beat by 0.08

EPS $

Mar Jun Sep Dec Year
’26 2.72 4.40 — — —
’25 1.04 0.67 1.05 1.70 4.45
’24 1.60 2.36 0.67 0.42 5.03
’23 5.69 1.65 0.83 0.85 9.04
’22 (0.12) 1.31 1.48 3.17 6.01
’21 (0.80) (1.49) (1.72) (5.05) (9.53)
’20 0.58 1.07 (0.55) (2.10) (0.80)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 253 298 — — —
’25 197 193 186 222 799
’24 202 214 200 188 804
’23 261 221 187 220 890
’22 150 217 224 270 860
’21 139 136 132 139 546
’20 179 191 143 132 644
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 281 — — —
’25 — 116 — 298 298
’24 — 160 — 308 308
’23 — — — — 395
’22 — — — — 289
’21 — — — — 53
’20 — — — — 205
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — 83 — — —
’25 — (110) — (125) (125)
’24 — (97) — (114) (114)
’23 115 37 47 (132) 263
’22 24 (144) 9 (302) (13)
’21 12 21 5 (8) 45
’20 57 16 46 15 111
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 482 529 530 597 644 546 860 890 804 799 960 +5.8% 923 874 — +4.6%
Gross margin, % 47.50 45.66 40.01 46.97 46.27 26.50 49.68 57.81 54.12 56.59 61.58 +9.1 pt
EBT 56 9 (101) 14 27 (151) 208 305 182 165 332 +12.6%
EBT margin, % 11.73 1.74 (19.07) 2.34 4.23 (27.57) 24.23 34.30 22.59 20.65 34.65 +8.9 pt
Net income 56 9 (101) 14 27 (151) 208 305 182 165 400 +12.6%
Per share, $
Per share, $ Revenue 28.37 31.23 30.41 33.66 34.32 27.79 30.76 30.15 27.25 26.86 32.02 (0.6%)
Earnings 2.35 (0.95) (7.65) (1.60) (0.80) (9.53) 6.02 9.04 5.03 4.45 9.87 +7.4%
Cash flow 10.03 10.08 4.24 10.38 10.94 2.70 10.32 13.40 10.43 10.01 33.45 0.0%
Capex (33.92) (14.27) (0.01) (5.76) (5.04) (0.41) (10.79) (4.49) (14.29) (14.21) (42.32) (9.2%)
Free cash flow (23.89) (4.19) 4.23 4.63 5.90 2.30 (0.47) 8.91 (3.86) (4.21) (8.88) (17.6%)
Book value 83.47 89.01 86.49 82.94 73.62 65.74 54.45 56.01 59.89 62.65 68.55 (3.1%)
Shares, m 17 17 17 18 19 20 28 30 30 30 30 +6.4%
Valuation, ×
Valuation, × P/E 3.95 7.68 0.00 0.00 0.00 0.00 2.70 2.50 3.43 5.03 4.55 2.5
P/S 0.79 0.67 0.44 0.65 0.23 0.26 0.51 0.75 0.64 0.83 1.40 0.6
P/B 0.30 0.23 0.16 0.27 0.11 0.11 0.29 0.41 0.29 0.36 0.66 0.3
EV/Sales 3.23 3.73 3.09 2.95 2.39 2.54 1.99 2.08 2.38 2.82 3.09 2.7
EV/FCF (13.70) (7.00) (24.64) 13.22 6.14 11.83 (44.45) 6.74 (8.62) (5.05) (11.14) (6.6)
Cash, $m
Cash, $m Operating cash flow 170 171 74 184 205 53 289 395 308 298 1,002 +6.4%
Capex (576) (242) 0 (102) (95) (8) (302) (132) (422) (423) (1,268) (3.4%)
Free cash flow (406) (71) 74 82 111 45 (13) 263 (114) (125) (266) (12.3%)
Balance, $m
Balance, $m Working capital (35) (35) 63 43 (61) (92) 143 186 43 (23) 176 (4.4%)
Net debt 1,556 1,549 1,375 1,337 1,329 1,246 1,268 1,186 1,398 1,586 1,616 +0.2%
Shareholders’ equity 1,417 1,508 1,507 1,472 1,382 1,292 1,523 1,653 1,767 1,863 2,055 +3.1%
Returns, %
Returns, % ROA 1.29 (0.49) (4.04) (0.88) (0.48) (6.23) 5.42 8.00 4.19 3.45 7.25 +2.2 pt
ROIC 1.89 1.48 0.82 2.52 2.89 (0.82) 5.74 9.20 5.50 4.57 7.05 +2.7 pt
ROE 2.83 (1.11) (8.91) (1.90) (1.07) (14.17) 12.09 16.94 8.73 7.34 15.61 +4.5 pt
People
People Employees — — — — — — — — — — — —
Revenue/emp, $m 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Tsakos Energy Navigation Ltd vs peers in Oil & Gas Midstream (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GEL Genesis Energy, L.P. $1.5B 67.7× — (loss-making) +40.98% (above 0%: growing) n/m +2,417.50% (above 0%: growing) 32.06% 19.82% Compare
GLP Global Partners LP $1.4B 8.9× 7.9× +42.39% (above 0%: growing) +240.00% (above 0%: growing) +88,590.38% (above 0%: growing) 4.43% 1.25% Compare
FLNG Flex LNG Ltd. $1.4B 13.7× 12.1× +24.21% (above 0%: growing) +151.52% (above 0%: growing) +185.57% (above 0%: growing) 76.00% 55.68% Compare
NAT Nordic American Tankers Limited $1.4B 11.4× 10.1× +133.96% (above 0%: growing) n/m +197.49% (above 0%: growing) 83.25% 82.06% Compare
PBT Permian Basin Royalty Trust $1.3B 82.9× 21.9× +34.59% (above 0%: growing) +60.00% (above 0%: growing) — 100.00% 92.68% Compare
TEN Tsakos Energy Navigation Ltd $1.3B 4.6× 3.9× +54.37% (above 0%: growing) +556.72% (above 0%: growing) +185.92% (above 0%: growing) 62.31% 54.53%
NVGS Navigator Holdings Ltd. $1.2B 6.7× 6.9× +1.27% (above 0%: growing) +160.38% (above 0%: growing) +285.64% (above 0%: growing) 49.79% 23.29% Compare
TK Teekay Corporation Ltd. $1.1B 8.7× 41.1× −24.36% (below 0%: shrinking) −23.68% (below 0%: shrinking) +211.73% (above 0%: growing) 31.43% 27.41% Compare
SBR Sabine Royalty Trust $960.2M 13.4× 12.4× +16.53% (above 0%: growing) +17.21% (above 0%: growing) — 100.00% 95.66% Compare
Median of peers $1.4B 12.4× 12.1× +29.40% +105.76% +248.69% 62.90% 41.55%

All 57 Oil & Gas Midstream stocks →

Tsakos Energy Navigation Ltd (TEN) Latest News

6 Nov

Impact 3 · · Simply Wall St.

26 Oct

Impact 4 ·

17 Oct

Impact 4 · · Simply Wall St.

14 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 4 · · MarketBeat

28 Sep

Impact 4 · · GlobeNewswire

15 Sep

Impact 3 ·

13 Sep

Impact 4 ·

10 Sep

Impact 4 · transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby transcript
Impact 3 · · MarketBeat transcript
Impact 3 ·

1 Aug

Impact 4 ·

27 Jul

Impact 3 ·

26 Jul

Impact 3 ·

24 Jul

Impact 3 ·

1 Jul

Impact 3 ·

28 May

Impact 4 · · GuruFocus.com

23 May

Impact 3 · · Simply Wall St.

21 May

Impact 3 · · MarketBeat transcript
Impact 3 · · GlobeNewswire

11 May

Impact 4 · · Simply Wall St.

23 Apr

Impact 4 · · GlobeNewswire

15 Apr

Impact 4 · · StockStory

11 Apr

Impact 4 · · Simply Wall St.

9 Apr

Impact 3 · · StockStory

7 Apr

Impact 4 · · MarketBeat
Impact 3 · · GlobeNewswire

4 Apr

Impact 4 · · Simply Wall St.
stockrow.com/TEN · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com