Tsakos Energy Navigation Limited (TEN) AI Stock Analysis
TEN AI stock analysis summary
AI ResearchTsakos Energy Navigation Limited (TEN) is an international provider of seaborne crude oil and petroleum product transportation services. The company has delivered trailing twelve-month revenue of $959.7M and an operating margin of 41.8%. Its stock is up 150.6% over the past year, trading at a trailing price-to-earnings ratio of 5.2x.
- Market cap
- $1.54B
- Revenue (TTM)
- $959.7M
- P/E
- 5.2x fwd 6.8x
- 1Y return
- 150.6% S&P 500 16.8%
- Avg. target
- $62.50 22.1% vs last close
Bull case
- Quarterly earnings jumped 560.1% year-over-year in the quarter ended June 30, 2026, supported by a 54.4% rise in quarterly revenue.
- TEN trades at a price-to-book ratio of 0.7x and a trailing P/E of 5.2x, well below the US-listed Energy peer median P/E of 15.0x.
- The company has paid dividends for 25 consecutive years while maintaining a conservative payout ratio of 24.1%.
Bear case
- TEN carries $2.10B in total debt and $1.64B in net debt, resulting in a debt-to-equity ratio of 1.02.
- Heavy capital expenditures of $521.7M in FY2025 contributed to negative free cash flow of -$226.0M.
- Annual revenue fell 9.6% in FY2024 and another 0.7% in FY2025 before the recent quarterly rebound.
What Tsakos Energy Navigation does
Tsakos Energy Navigation Limited, together with its subsidiaries, provides seaborne crude oil and petroleum product transportation services in Greece and internationally. The company owns and operates various vessels, including VLCC, Suezmax, Aframax, Panamax, Handysize, MR, LNG carrier, and shuttle DP2 tankers. It also provides marine transportation services for national, major, and other independent oil companies and refiners. Founded in 1993 and based in Athens, Greece, the company was formerly known as MIF Limited before changing its name to Tsakos Energy Navigation Limited in July 2001.
Growth and profitability
TEN grew revenue at a 5-year CAGR of 4.4% between FY2020 and FY2025. After posting an operating loss of -$151.4M in FY2021, the company rebounded to net income of $204.2M in FY2022 and $300.2M in FY2023. In FY2025, revenue was $798.7M with an operating margin of 30.1% and net income of $160.9M. For the latest quarter ended June 30, 2026, quarterly revenue growth accelerated to 54.4% year-over-year, while quarterly earnings surged 560.1% year-over-year, bringing trailing twelve-month EPS to $9.87.
Balance sheet and cash flow
As of June 30, 2026, TEN held $466.1M in cash and short-term investments against total debt of $2.10B, leaving net debt at $1.64B. The current ratio stands at 1.06, and the debt-to-equity ratio is 1.02 on shareholders' equity of $2.05B. Operating cash flow reached $295.8M in FY2025, but capital expenditures of $521.7M resulted in free cash flow of -$226.0M. During FY2025, the company paid $60.1M in dividends.
Valuation and performance
At $51.18, TEN trades at a trailing P/E of 5.2x and a forward P/E of 6.8x, both below the median of its US-listed Energy peers of 15.0x and 12.7x, respectively. Its enterprise value to EBITDA ratio is 4.9x, compared to the peer median of 8.0x, and its price-to-book ratio is 0.7x. Over the past year, TEN shares generated a return of 150.6%, outperforming the S&P 500 (SPY) return of 16.8%, and have returned 591.5% over the past 5 years.
TEN dividend
TEN pays a semiannual dividend with an annualized forward rate of $2.00, yielding 3.91%. The company has paid dividends for 25 consecutive years, with an annualized 5-year dividend growth rate of 17.1% and a payout ratio of 24.1%. The last ex-dividend date was July 23, 2026.
What analysts expect
Wall Street coverage is positive, with 2 Strong Buy ratings and no Hold or Sell recommendations. The mean price target is $62.50, representing a 22.1% upside from the last close of $51.18. For the fiscal year ending December 31, 2026, analysts estimate EPS of $12.95 and revenue of $938.9M. The company beat EPS estimates in each of the last 4 quarters, and its next earnings date is November 19, 2026.
Key risks and what to watch
- Negative free cash flow of -$226.0M in FY2025 highlights high fleet reinvestment demands relative to operating cash flow of $295.8M.
- A debt burden of $2.10B on $2.05B of equity leaves the company sensitive to shipping rate fluctuations and credit conditions.
- The share count has expanded 36.8% over the past 5 years, diluting existing equity holders.
- Next fiscal year revenue growth is projected at -0.0%, indicating potential top-line stagnation following the FY2026 expansion.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this TEN AI stock analysis
This page is an AI-written research summary of Tsakos Energy Navigation Limited (TEN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: TEN income statement, TEN balance sheet, TEN key metrics, TEN analyst forecast, TEN chart. See the TEN stock overview for the latest quote and news.
TEN AI stock analysis FAQ
What is TEN's dividend yield and payout schedule?
TEN provides a forward annual dividend of $2.00, which corresponds to a 3.91% dividend yield. Distributions are paid semiannually, backed by a 24.1% payout ratio and a 25-year payment history.
What do analysts expect for TEN's earnings?
Analysts forecast FY2026 EPS of $12.95, representing 221.3% growth, alongside revenue of $938.9M. The mean price target is $62.50, which sits 22.1% above its last close of $51.18.
How leveraged is TEN's balance sheet?
As of June 30, 2026, TEN held $466.1M in cash against $2.10B in total debt, resulting in net debt of $1.64B and a debt-to-equity ratio of 1.02.
When does TEN report its next quarterly results?
TEN is scheduled to report its next earnings on November 19, 2026. The company has beaten EPS expectations in each of the past 4 quarters.