Overview
Compare with Global Ship Lease, SFL Corporation Ltd. or Costamare, or pick any stock.
- TickerTEN on NYSE1
- IndustryDeep Sea Foreign Transportation of Freight1
- HeadquartersJ31
- Incorporated inGreece3
- Business address367 Syngrou Ave 175 64, Athens, 175 643
- Filer categoryAccelerated filer3
See how the biggest companies compare on our leaderboards
Tsakos Energy Navigation Limited is a leading provider of international seaborne crude oil and petroleum product transportation services. In 2007, it also started to transport liquefied natural gas. It was incorporated in 1993 as an exempted company under the laws of Bermuda under the name Maritime Investment Fund Limited and in 1996 was renamed MIF Limited. Our common shares were listed in 1993 on the Oslo Stock Exchange (OSE) and the Bermuda Stock Exchange, although we de-listed from the OSE in March 2005 due to limited trading. The Company’s shares are no longer actively traded on the Bermuda exchange. In July 2001, the Company’s name was changed to Tsakos Energy Navigation Limited to enhance our brand recognition in the tanker industry, particularly among charterers. In March 2002, we completed an initial public offering of our common shares in the United States and our common shares…4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs68¢$543.8M
- Interest12¢$94.0M
- Profit20¢$160.9M
Out of $798.7M in revenue.2
Where each dollar of operating cash went, fiscal 2025
- Dividends paid20¢$60.1M
- Kept or used elsewhere80¢$237.5M
Out of $297.6M of cash from operations.2
Financial statements
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $529.9M5 | $597.5M6 | $644.1M7 | $546.1M8 | $860.4M9 | $889.6M2 | $804.1M2 | $798.7M2 |
| Operating expenses | $666.0M8 | $604.0M9 | $498.1M2 | $525.5M2 | $546.4M2 | |||
| Operating income | -$28.1M5 | $85.9M6 | $96.7M7 | -$119.9M8 | $256.4M9 | $391.5M2 | $278.6M2 | $252.3M2 |
| Interest | $71.9M5 | $69.0M6 | $49.6M7 | $38.6M8 | $55.5M9 | $101.8M2 | $113.3M2 | $94.0M2 |
| Net income | -$99.2M5 | $15.1M6 | $24.0M7 | -$151.4M8 | $204.2M9 | $300.2M2 | $176.2M2 | $160.9M2 |
| Earnings per share | -$0.807 | -$9.538 | $6.029 | $9.042 | $5.032 | $4.452 | ||
| Earnings per share (diluted) | -$0.807 | -$9.538 | $6.019 | $9.042 | $5.032 | $4.452 | ||
| Shares (weighted, basic) | 19.7M shares8 | 28.0M shares9 | 29.5M shares2 | 29.5M shares2 | 29.7M shares2 | |||
| Shares (weighted, diluted) | 19.7M shares8 | 28.2M shares9 | 29.5M shares2 | 29.5M shares2 | 29.7M shares2 |
No quarterly figures reported.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $204.8M5 | $184.8M6 | $160.5M7 | $117.2M8 | $304.4M9 | $372.0M2 | $343.4M2 | $293.3M2 |
| Receivables | $30.6M7 | $78.2M8 | $46.7M9 | $26.5M2 | $41.1M2 | |||
| Inventory | $22.9M7 | $26.2M8 | $22.5M9 | $18.9M2 | $12.6M2 | |||
| Current assets | $317.5M10 | $397.0M5 | $321.5M6 | $239.7M7 | $513.1M8 | $509.3M9 | $451.8M2 | $434.6M2 |
| Property, plant and equipment | $2.4B7 | $2.6B8 | $2.6B9 | $2.9B2 | $3.2B2 | |||
| Total assets | $3.2B10 | $3.2B5 | $3.1B6 | $2.9B7 | $3.3B8 | $3.4B9 | $3.7B2 | $4.0B2 |
| Accounts payable | $74.9M7 | $48.2M8 | $40.2M9 | $55.8M2 | $42.7M2 | |||
| Short-term debt | $172.9M7 | $194.4M8 | $185.5M9 | $245.5M2 | $295.5M2 | |||
| Current liabilities | $254.3M10 | $354.2M5 | $382.0M6 | $332.1M7 | $369.7M8 | $323.2M9 | $408.5M2 | $458.0M2 |
| Long-term debt | $1.4B10 | $1.3B5 | $1.3B6 | $1.2B7 | $1.2B8 | $1.2B9 | $1.4B2 | $1.5B2 |
| Retained earnings | $149.5M7 | $311.7M8 | $548.2M9 | $652.7M2 | $738.4M2 | |||
| Shareholders’ equity | $1.5B10 | $1.5B5 | $1.4B6 | $1.2B7 | $1.5B8 | $1.6B9 | $1.7B2 | $1.8B2 |
| Shares outstanding | 87.6M shares11 | 95.1M shares10 | 18.2M shares5 | 24.6M shares6 | 29.5M shares7 | 29.5M shares8 | 30.1M shares9 | 30.1M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $73.9M5 | $184.3M6 | $205.4M7 | $53.1M8 | $288.5M9 | $395.3M2 | $307.7M2 | $297.6M2 |
| Depreciation and amortization | $143.3M8 | $140.8M9 | $144.2M2 | $159.9M2 | $170.1M2 | |||
| Stock-based compensation | $09 | $02 | $8.1M2 | $7.1M2 | ||||
| Cash from investing | -$8.0M8 | -$301.8M9 | -$137.4M2 | -$441.6M2 | -$458.1M2 | |||
| Dividends paid | $44.4M5 | $49.3M6 | $46.7M7 | $36.3M8 | $43.7M9 | $61.9M2 | $71.8M2 | $60.1M2 |
| Share buybacks | $011 | |||||||
| Cash from financing | -$89.7M8 | $195.5M9 | -$190.6M2 | $105.5M2 | $110.3M2 | |||
| Dividend per share | $0.255 | $0.256 | $0.507 | $0.108 | $0.259 | $1.002 | $1.502 | $0.502 |
Corporate structure
TSAKOS ENERGY NAVIGATION LTD sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of TSAKOS ENERGY NAVIGATION LTD
- CastleKnight Master Fund LP Filed SCHEDULE 13G/A on TSAKOS ENERGY NAVIGATION LTD, latest Feb 17, 2026 (2 filings since Oct 21, 2025)
- SEA CONSOLIDATION S A OF PANAMA Filed SCHEDULE 13D/A on TSAKOS ENERGY NAVIGATION LTD, latest May 16, 2025 (2 filings since May 23, 2022)
- TSAKOS HOLDINGS FOUNDATION Filed SCHEDULE 13D/A on TSAKOS ENERGY NAVIGATION LTD, latest May 16, 2025 (2 filings since May 23, 2022)
- Kopernik Global Investors, LLC Filed SC 13G/A on TSAKOS ENERGY NAVIGATION LTD, latest Feb 14, 2023 (2 filings since Feb 11, 2022)
- Konstantinos Konstantakopoulos Filed SC 13G/A on TSAKOS ENERGY NAVIGATION LTD, latest Jan 31, 2023 (5 filings since Nov 12, 2021)
- TSAKOS ENERGY NAVIGATION LTD J3
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What TSAKOS ENERGY NAVIGATION LTD reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Property and equipment, before depreciation | $4.3B2 Dec 31, 2025 | $4.0B2 Dec 31, 2024 | +7.8% |
| Accumulated depreciation | $1.2B2 Dec 31, 2025 | $1.1B2 Dec 31, 2024 | +7.0% |
| Property and equipment, net | $3.2B2 Dec 31, 2025 | $2.9B2 Dec 31, 2024 | +8.1% |
| Operating-lease assets (leased space) | $7.8M2 Dec 31, 2025 | $15.9M2 Dec 31, 2024 | −51.2% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $293.3M2 Dec 31, 2025 | $343.4M2 Dec 31, 2024 | −14.6% |
| Debt securities available for sale | $15.5M2 Dec 31, 2025 | $02 Dec 31, 2024 |
Inventory
Leadership
Who has led TSAKOS ENERGY NAVIGATION LTD, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
- Chief executive officerNikolaos Tsakos Mar 18, 2026 to now12
- PresidentGeorgios Saroglou Mar 18, 2026 to now13
- Chief financial officerTheoharrys Evgenios Kosmatos Mar 18, 2026 to now14
- Chief operating officerGeorgios Saroglou Mar 18, 2026 to now13
Board members and other officers (11)
- Chief Marine OfficerVasileios Papageorgiou Mar 18, 2026 to now15
- Board memberAristides Athanassios Nicholas Patrinos Mar 18, 2026 to now16
- Board memberClio Hatzimichalis Mar 18, 2026 to now17
- Board memberDenis Andreas Petropoulos Mar 18, 2026 to now18
- Board memberEfstratios Georgios Arapoglou Mar 18, 2026 to now19
- Board memberEfthimios Mitropoulos Mar 18, 2026 to now20
- Board memberGeorgios Saroglou Mar 18, 2026 to now13
- Board memberKaren Jane Purnell Mar 18, 2026 to now21
- Board memberMichael Jolliffe Mar 18, 2026 to now22
- Board memberNicholas Francis Tommasino Mar 18, 2026 to now23
- Board memberNikolaos Tsakos Mar 18, 2026 to now12
Timeline
- Mar 18, 2026New chief executive Nikolaos Tsakos becomes CEO12
Calendar
Coming up
- Nov 19, 2026Reports results for the quarter ending Sep/202624
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
93 filings to the SEC since October 2021: 5 annual reports, 18 insider forms, 13 large holders, 57 other. The latest 20:
- Oct 14, 20264 EDGAR
- Oct 13, 2026144 EDGAR
- Sep 22, 20264 EDGAR
- Sep 21, 2026144/A EDGAR
- Sep 18, 2026144 EDGAR
- Sep 17, 20266-K EDGAR
- Aug 17, 20264 EDGAR
- Aug 14, 2026144 EDGAR
- Jul 16, 20264 EDGAR
- Jul 14, 2026144 EDGAR
- Jul 10, 20264 EDGAR
- Jul 2, 2026F-3ASR EDGAR
- May 22, 20266-K EDGAR
- Apr 30, 20264 EDGAR
- Apr 17, 20266-K EDGAR
- Apr 6, 202620-F EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
- Mar 18, 20263 EDGAR
The 93 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
5 open-market trades by officers, directors and large owners since October 2021: 2 buys and 3 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 18, 2026 | Kosmatos Theoharrys EvgeniosCFO and CAO | Sale | 10,000 | $53.00 | $530.0K | Form 4 |
| Aug 13, 2026 | Hatzimichalis ClioDirector | Sale | 5,000 | $41.07 | $205.3K | Form 4 |
| Jul 14, 2026 | Tommasino Nicholas FrancisDirector | Sale | 2,490 | $40.07 | $99.8K | Form 4 |
| Apr 29, 2026 | TSAKOS NIKOLAOSChief Executive Officer | Buy | 12,500 | $39.95 | $499.4K | Form 4 |
| Apr 28, 2026 | TSAKOS NIKOLAOSChief Executive Officer | Buy | 12,500 | $39.92 | $499.0K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- CastleKnight Master Fund LPSCHEDULE 13G/A, 2 filings Oct 21, 2025 to Feb 17, 202625
- Consolidation S. A. Of Panama SeaSCHEDULE 13D/A, 2 filings May 23, 2022 to May 16, 202526
- TSAKOS HOLDINGS FOUNDATIONSCHEDULE 13D/A, 2 filings May 23, 2022 to May 16, 202527
- Kopernik Global Investors, LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 14, 202328
- Konstantinos KonstantakopoulosSC 13G/A, 5 filings Nov 12, 2021 to Jan 31, 202329
SEC filer profile
How TSAKOS ENERGY NAVIGATION LTD is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARTSAKOS ENERGY NAVIGATION LTD1
- CIK0001166663
- Filer statusAccelerated filer not an emerging growth company; not a shell company4
- Incorporated inBermuda4
- Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
- SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
- Business address367 Syngrou Ave 175 64, Athens, P. Faliro 175 64, Greece1
- Phone202-346-44341
- Shares outstanding30,127,603 shares as of Dec 31, 20254
- AuditorErnst & Young (Hellas) Certified Auditors Accountants S.A., Athens, Greece PCAOB ID 1457; it also attests to the company’s internal control over financial reporting4
- On EDGAR sinceFeb 5, 20021
- Filings455 in all: 6-K (182), SC 13D/A (29), 20-F (24), 424B5 (24), SC 13G/A (23), UPLOAD (20), SC 13G (19), CORRESP (17)1
All 37 form types
3 (12), F-3 (11), 424B3 (9), EFFECT (9), 8-A12B (7), 4 (6), CERTNYS (6), F-3/A (6), ARS (5), FWP (5), S-8 (5), 144 (4), 25-NSE (4), 424B7 (3), 6-K/A (3), SC 13D (3), 20-F/A (2), 424B2 (2), 8-A12B/A (2), F-1/A (2), F-3ASR (2), SCHEDULE 13D/A (2), 144/A (1), CERT (1), DEL AM (1), F-1 (1), S-8 POS (1), SCHEDULE 13G (1), SCHEDULE 13G/A (1)
- Latest filingsAnnual report (20-F) Apr 6, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Shares, par value $5.00 per share | TEN | NYSE |
| Series E Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par | TEN.PRE | NYSE |
| Series F Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Shares, par | TEN.PRF | NYSE |
From the cover page of the 20-F filed Apr 6, 2026 (Section 12(b) of the Exchange Act).4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13SEC EDGARGeorgios Saroglou, President
- 14
- 15
- 16
- 17SEC EDGARClio Hatzimichalis, Board member
- 18
- 19
- 20SEC EDGAREfthimios Mitropoulos, Board member
- 21SEC EDGARKaren Jane Purnell, Board member
- 22SEC EDGARMichael Jolliffe, Board member
- 23
- 24NasdaqNasdaq calendar
- 25
- 26
- 27
- 28
- 29