What's Going On With Tsakos Energy Navigation Stock Today?

Tsakos Energy Navigation Ltd (NYSE:TEN) on Thursday reported earnings per share of 42 cents, beating the analyst consensus estimate of 37 cents. Quarterly sales of $188.26 million outpaced the street view of $166.22 million.

The company’s shares are trading higher, following the results.

As a result of the four vessels undergoing scheduled dry dockings during this 2024 fourth quarter, fleet utilization settled at 93.3%, which resulted in average TCE per ship per day of $30,107 and adjusted EBITDA of $85.6 ...