Tsakos Energy Navigation (TEN) earnings
Tsakos Energy Navigation earnings: last reported Thu, 10 Sep 2026, for the quarter ended Jun 2026.
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Tsakos Energy Navigation Q2 FY26 — Record Profitability and Fleet Renewal
What went well
- Reported net income of $228 million for H1 FY26, a 253% increase year-over-year.
- Gross revenues increased to $551 million in H1 FY26, up $161 million from the prior year.
- Profit-sharing arrangements contributed $71 million in H1 FY26, a 7x increase compared to H1 2025.
What to watch
- Geopolitical tensions and the closure of the Strait of Hormuz caused severe disruption to global shipping and led to attacks on vessels.
- Elevated crude and product prices negatively affected global oil demand.
Performance +110.2% 1Y
1Y: $22.48 on 29 Sept 2025 → $47.25. High $52.81 (17 Sept 2026), low $21.04 (10 Oct 2025).
Quarterly results
Q2 FY26: revenue up 37.7%, net profit up 201.4% against the same quarter last year.
| Line item | Q2 FY21 | Q2 FY22 | Q2 FY23 | Q2 FY24 | Q2 FY25 | Q2 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 136 | 217 | 221 | 214 | 193 +42% | 298 +38% |
| EBITDA | -13 | 57 | 83 | 103 | 50 +488% | 163 +184% |
| Net profit | -20 | 46 | 61 | 76 | 27 +236% | 139 +201% |
How to read this
US$ million, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | $95.97M | $126.22M | $150.92M | $150.92M | $151.54M | $151.54M |
| Reserves | $338.80M | $149.50M | $311.73M | $548.24M | $652.65M | $738.35M |
| Total liabilities | $1.73B | $1.60B | $1.79B | $1.71B | $1.94B | $2.09B |
| Fixed assets | $2.62B | $2.40B | $2.58B | $2.60B | $2.92B | $3.16B |
| Total assets | $3.11B | $2.89B | $3.31B | $3.36B | $3.71B | $3.95B |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
7 filings between Apr 28, 2026 and Sep 18, 2026.
Open market
decisions to buy or sellPurchases
$998.3K
2 purchases by 1 insider
Sales
$835.1K
3 sales by 3 insiders
Also filed: 2 gifts.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TSAKOS NIKOLAOS | $998.3K | — | Apr 29, 2026 |
| Kosmatos Theoharrys Evgenios | — | $530.0K | Sep 18, 2026 |
| Hatzimichalis Clio | — | $205.3K | Aug 13, 2026 |
| Tommasino Nicholas Francis | — | $99.8K | Jul 14, 2026 |
Latest filings (7)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 18, 2026 | Kosmatos Theoharrys Evgenios CFO and CAO | Sale | 10,000 | $530.0K |
| Aug 13, 2026 | Hatzimichalis Clio Director | Sale | 5,000 | $205.3K |
| Jul 14, 2026 | Tommasino Nicholas Francis Director | Sale | 2,490 | $99.8K |
| Jul 8, 2026 | TSAKOS NIKOLAOS Chief Executive Officer | Gift | 500,000 | $0 |
| Jul 8, 2026 | TSAKOS NIKOLAOS Chief Executive Officer | Gift | 500,000 | $0 |
| Apr 29, 2026 | TSAKOS NIKOLAOS Chief Executive Officer | Purchase | 12,500 | $499.4K |
| Apr 28, 2026 | TSAKOS NIKOLAOS Chief Executive Officer | Purchase | 12,500 | $499.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.