Tsakos Energy Navigation

Tsakos Energy Navigation reported record results with first-half net income of $228 million ($7.12/share) and Q2 net income of $139.3 million, supported by a 41% rise in time-charter-equivalent rates to $43,503 per vessel per day and $71 million in profit-sharing revenue. Adjusted EBITDA rose 68% to $324 million for the first half, and the company has about $3.5 billion in forward committed earnings with 84% of its operating fleet covered by time charters. Management said the 26-vessel newbuilding program has appreciated by at least 30%, pro forma fleet value is roughly $4.9 billion against $2 billion of debt, and it is considering a higher regular dividend and possible redemption of $120 million of preferred shares while any sale of minority interests in a subset of vessels remains preliminary. » More on finance.yahoo.com

Shares of Tsakos Energy Navigation rose to a 52-week high of $46.59, gaining 102.37% over the past year. Market capitalization is about $1.34 billion and the price-to-earnings ratio is 7.21, while an analysis indicates the stock may be overvalued relative to its fair value. The company has paid dividends for 25 years and currently offers a yield of 4.51%. » More on de.investing.com

Tsakos Energy Navigation is expected to open the books for the quarter ended June 30, 2026, on September 10, 2026. Two analysts estimate earnings per share for the quarter at an average of USD 2.93 (prior year USD 0.67) and revenue at USD 238.9 million (prior year USD 193.3 million). For the current fiscal year analysts forecast average EPS of USD 7.39 (prior year USD 4.45) and revenue of USD 867.1 million (prior year USD 798.7 million). » More on finanzen.net