Tsakos Energy Navigation Ltd
tenn.grWhat Do They Do?
Transports crude oil, petroleum products and liquefied natural gas by sea for oil companies, refiners and energy traders.
20-F for FY2025, filed Apr 6, 2026Tsakos Energy Navigation Limited is a leading provider of international seaborne crude oil and petroleum product transportation services.…View ↗
As of March 30, 2026, we operated a fleet of 56 modern crude oil and petroleum product tankers (including three vessels chartered-in) that…View ↗
High-quality, sophisticated clientele. For 50 years, Tsakos entities have maintained relationships with and achieved acceptance by…View ↗
How Do They Make Money?
Oil companies, refiners and traders pay to use the vessels for transporting cargo. Spot-voyage payments are due when cargo is discharged; time-charter payments are earned over the charter period.
20-F for FY2025, filed Apr 6, 2026
$798.7M
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20-F for FY2025, filed Apr 6, 2026
$798.7M ↗
Who Are Their Customers?
Oil companies, refiners and energy traders charter vessels for cargo transport; the company serves national and independent oil companies as well as major oil companies and traders.
20-F for FY2025, filed Apr 6, 2026
20-F for FY2025, filed Apr 6, 2026
Customer Year Ended December 31, 2025 Equinor 16.78 % Exxonmobil 12.12 % CSSA 11.75 % Flopec 6.15 % Petrobras 5.36 % Trafigura 4.35 % Galp…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 20 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 6, 2026
How Are They Changing?
Growing. Revenue grew 46% in 4 years, from $546.1M in FY2021 to $798.7M in FY2025, about 10% a year.
Who Do They Compete With?
Competes with CMB.Tech, Teekay Tankers, Frontline, International Seaways, Double Hull Tankers, and Nordic American Tankers
20-F for FY2025, filed Apr 6, 2026Although we do not actively trade to a significant extent in Middle East trade routes, disruptions in those routes as a result of…View ↗
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