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Nov 20, 2025 12:00 PM

Why Is Tsakos Energy Navigation Stock Gaining Thursday?

Tsakos Energy Navigation Ltd (NYSE:TEN) stock surged after the company reported stronger third-quarter 2025 results, delivering earnings and revenue above expectations, supported by robust tanker markets and gains from vessel sales.

Third-quarter gross revenues reached $186.228 million, beating the $178.092 million estimate. Net income increased to $38.3 million, or $1.05 per share, compared with $26.5 million, or 67 cents per share, in the prior-year quarter. EPS of $1.05 topped the 80 cents estimate.

Operating income was $60.5 million, including $9 million in gains from the sale of three older vessels. Adjusted EBITDA totaled $95.6 million.

Also Read: Earnings Preview For Tsakos Energy Navigation

Fleet utilization in the quarter was 95%, average Time Charter ...