The financials
Tsakos Energy Navigation Limited by the numbers
Tsakos Energy Navigation Limited (TEN) reported revenue of $408M in H2 2025 (quarter ended December 31, 2025), up 91% from the same quarter a year earlier. That came with a gross margin of 87% and net income of $96M (24% of revenue). For the full year FY2025, revenue was $799M (−0.7% year on year) and net income $161M.
| Income statement | H2 2025 | Q2 2024 | Change |
|---|---|---|---|
| Revenue | $408M | $214M | +91% |
| Gross profit | $354M | $173M | +105% |
| Operating income | $142M | $103M | +38% |
| Net income | $96M | $76M | +26% |
| Diluted EPS | $2.75 | $2.36 | +17% |
Oil & Gas Midstream
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