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Tsakos Energy Navigation to Report Q2 Earnings: What's in Store?
ZACKSยท 2025-09-05 16:06
Core Insights - Tsakos Energy Navigation (TEN) is set to release its Q2 2025 earnings results on September 10, with a consensus estimate of earnings per share (EPS) at 59 cents, reflecting a 53.2% year-over-year decline, while revenues are expected to be $156.9 million, down 9.2% from the previous year [1][8] Financial Performance - The Zacks Consensus Estimate for Q2 earnings has remained stable over the past 60 days, with the current estimate at 59 cents per share [1] - The revenue estimate of $156.9 million indicates a 9.2% decrease compared to the same quarter last year [1][8] - TEN has a history of earnings surprises, having surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 46.7% [2] Operational Factors - High operating expenses, particularly elevated vessel operating costs, are expected to negatively impact TEN's performance [3] - Economic uncertainties, including tariff-related issues, are likely to have further affected the company's results [3] - Time charter equivalent earnings are projected to be around $30,000 per ship per day, with lower oil prices potentially benefiting the bottom line [4] Market Conditions - Oil prices have declined by 6% during the April-June period, influenced by tariff concerns, weakening consumer confidence, and increased production by OPEC+ [5] - The maintenance of a young and diversified fleet is anticipated to support results, with high average fleet utilization expected in the upcoming quarter [5] Earnings Prediction - The Zacks model does not predict an earnings beat for TEN this quarter, as the Earnings ESP stands at 0.00% and the company holds a Zacks Rank of 4 (Sell) [6][7]