Tsakos Energy Navigation Limited (TEN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	854.6M	798.7M	804.1M	889.6M	860.4M
Cost of Revenue	517.3M	515.8M	528.8M	519.6M	573.8M
Gross Profit	337.3M	282.8M	275.3M	370.0M	286.6M
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	44.6M	42.1M	45.4M	33.3M	29.9M
General & Admin Expense	44.6M	42.1M	45.4M	33.3M	29.9M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	—	—	(48.7M)	(54.8M)	—
Total Operating Expenses	44.6M	42.1M	(3.3M)	(21.5M)	29.9M
Cost and Expenses	561.9M	557.9M	525.5M	498.1M	603.6M
Operating Income (EBIT)	292.7M	240.8M	278.6M	391.5M	256.4M
Non-Operating
Interest Income	10.4M	10.5M	15.1M	14.6M	2.0M
Interest Expense	88.8M	97.5M	113.3M	106.5M	59.9M
Net Interest Income	(78.4M)	(87.0M)	(98.3M)	(91.9M)	(57.9M)
Other Non-Op Income/Expense	(75.4M)	(75.8M)	(96.9M)	(86.4M)	(47.9M)
Non-Operating Income (excl Interest)	(13.4M)	—	(16.4M)	(20.0M)	6.5M
EBT (Pre-Tax Income)	217.3M	164.9M	181.6M	305.1M	208.5M
Income Tax Expense	—	—	—	—	—
Bottom Line
Net Income	212.0M	160.9M	176.2M	300.2M	204.2M
Earnings from Cont. Ops	217.3M	164.9M	181.6M	305.1M	208.5M
Earnings from Discont. Ops	—	—	—	—	—
Bottom Line Net Income	183.3M	132.3M	148.3M	266.7M	168.3M
Per Share
Basic EPS	$6.15	$4.45	$5.03	$9.04	$6.02
Diluted EPS	$6.15	$4.45	$5.03	$9.04	$6.01
Revenue Per Share	$28.51	$26.86	$27.25	$30.15	$30.76
Shares
Basic Shares Outstanding	30.0M	29.7M	29.5M	29.5M	28.0M
Diluted Shares Outstanding	30.0M	29.7M	29.5M	29.5M	28.2M
Profitability Metrics
EBITDA	350.5M	410.8M	434.7M	555.8M	371.4M
D&A	86.5M	170.1M	139.8M	144.2M	121.6M
EBIT	306.1M	240.8M	294.9M	411.5M	249.8M

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Mar 1, 2026