Tsakos Energy Navigation Ltd
F:TK41
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Tsakos Energy Navigation Ltd
Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2002-03-05. The firm operates through maritime transportation of liquid energy related products segment. The firm consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers. Its diversified fleet, which includes VLCC, aframax, panamax, handysize, handymax tankers, LNG carrier and DP2 shuttle tankers, allows it to serve its customers' international petroleum product and crude oil transportation needs.
Tsakos Energy Navigation Ltd. engages in the provision of seaborne crude oil and petroleum product transportation services. The company is headquartered in Athina, Attiki. The company went IPO on 2002-03-05. The firm operates through maritime transportation of liquid energy related products segment. The firm consists of 65 double-hull vessels, constituting a mix of crude tankers, product tankers and liquefied natural gas (LNG) carriers, totaling 7.2 million deadweight. Of these, 47 vessels trade in crude, 13 in products, three are shuttle tankers and two are LNG carriers. Its diversified fleet, which includes VLCC, aframax, panamax, handysize, handymax tankers, LNG carrier and DP2 shuttle tankers, allows it to serve its customers' international petroleum product and crude oil transportation needs.
Profit Beat: Tsakos Energy Navigation reported another profitable quarter, beating estimates and continuing to deliver sustainable profits.
Strong Contracted Revenue: The company highlighted a solid stream of $4 billion in future contracted revenue, providing stability and predictability.
High Fleet Utilization: Fleet utilization rose to 96.2% for the 9 months of 2025, up from 92.2% last year.
Dividend Increase: In addition to a $0.60 interim dividend, the company declared an additional $1 per share dividend, bringing the total for the year to $1.60 per share (over 4% yield).
Active Fleet Renewal: Ongoing fleet renewal through sales of older vessels and addition of new, eco-friendly tankers, with 20 vessels in the newbuilding program.
Positive Market Outlook: Management sees strong tanker fundamentals, high demand, and expects continued strength into the next quarter.
