Tsakos Energy Navigation Limited
NYSE: TEN · ENERGY · OIL & GAS MIDSTREAM
Updated 2026-06-04
Tsakos Energy Navigation Limited (TEN) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $199.00M | $165.00M | $160.00M | $117.16M | $244.00M | $245.00M | $365.00M | $503.00M | $341.00M | $517.00M | $170.35M | $167.65M | $69.64M | $184.35M | $205.42M | $53.11M | $288.53M | $395.28M | $307.68M | $295.79M |
| Capital expenditures | $190.00M | $212.00M | $248.00M | $126.03M | $163.00M | $228.00M | $276.00M | $269.00M | $344.00M | $309.00M | $576.08M | $293.35M | $17.32M | $102.20M | $188.24M | $61.23M | $333.37M | $298.38M | $650.02M | $521.74M |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-based comp | — | — | $10.00M | $1.09M | $9.00M | $8.00M | $11.00M | $13.00M | $13.00M | $15.00M | $510000.00 | $14.00M | $14.00M | $25.00M | $18.00M | $24.00M | $0.00 | $0.00 | $8.13M | $7.05M |
| Free cash flow | $9.00M | $-47.00M | $-88.00M | $-8.87M | $81.00M | $17.00M | $89.00M | $234.00M | $-3.00M | $208.00M | $-405.72M | $-125.70M | $52.33M | $82.14M | $17.18M | $-8.12M | $-44.84M | $96.89M | $-342.34M | $-225.95M |
| Investing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing cash flow | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends paid | $44.78M | $59.96M | $67.23M | $42.45M | $22.85M | $27.67M | $18.00M | $27.00M | $22.00M | $213.00M | $40.36M | $39.87M | $44.44M | $49.31M | $46.71M | $36.31M | $43.71M | $61.86M | $71.82M | $60.14M |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Frequently asked questions
What is Tsakos Energy Navigation Limited's revenue?
Tsakos Energy Navigation Limited's trailing twelve-month revenue is $854.60M. Revenue is the top line the whole model builds on, and at this scale the question shifts from how fast it grows to whether margins hold as it compounds.
How profitable is TEN?
In its most recent fiscal year, TEN ran a gross margin of 35.41%, an operating margin of 30.14%, and a net margin of 20.15%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TEN generate?
TEN produced $-225.95M in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TEN's balance sheet healthy?
TEN holds $303.13M in cash and equivalents against $1.49B in long-term debt, on $1.82B of shareholder equity. That debt is best read against the cash flow the business throws off each year.