Tsakos Energy (TEN) Q2 Earnings and Revenues Surpass Estimates

Financial Performance - Tsakos Energy (TEN) reported quarterly earnings of $0.67 per share, exceeding the Zacks Consensus Estimate of $0.59 per share, but down from $1.26 per share a year ago, indicating an earnings surprise of +13.56% [1] - The company posted revenues of $161.39 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 2.88%, but down from $172.65 million year-over-year [2] - Over the last four quarters, Tsakos has surpassed consensus EPS estimates three times and topped consensus revenue estimates only once [2] Stock Performance - Tsakos shares have increased approximately 29.4% since the beginning of the year, significantly outperforming the S&P 500's gain of 10.7% [3] - The stock's immediate price movement will largely depend on management's commentary during the earnings call and future earnings expectations [3][4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $165.86 million, and for the current fiscal year, it is $3.65 on revenues of $671.7 million [7] - The estimate revisions trend for Tsakos was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Transportation - Shipping industry, to which Tsakos belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, suggesting potential challenges ahead [8]