v3.26.3
Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 463,989 $ 293,312
Restricted cash 2,154 4,817
Margin deposits 4,470 4,270
Time deposits 5,000 5,000
Trade accounts receivable, net (Note 15) 66,548 41,079
Capitalized voyage expenses 1,167 777
Advances and other (Note 15) 25,652 19,461
Inventories 21,702 12,591
Investments In Debt Securities held to maturity, short-term (Note 10) 15,143 15,141
Investment In Debt Securities, available for sale (Note 10) 0 15,494
Prepaid insurance and other 3,634 8,627
Receivable, short-term (Note 4) 4,418 12,767
Current portion of financial instruments - Fair value (Notes 8, 13) 2,381 1,296
Total current assets 616,258 434,632
Derivative Instruments and Hedges, Noncurrent 342 0
Operating Lease, Right-of-Use Asset 1,700 7,770
Other Assets, Noncurrent 15,233 0
Debt Securities 91,270 25,233
FIXED ASSETS (Note 5)    
Advances for vessels under construction 470,050 301,868
Vessels 4,388,977 4,344,691
Accumulated depreciation (1,233,695) (1,188,616)
Vessels' Net Book Value 3,155,282 3,156,075
Total fixed assets 3,625,332 3,457,943
Deferred Costs, Noncurrent 27,580 27,503
Total assets 4,377,715 3,953,081
CURRENT LIABILITIES:    
Current portion of long - term debt and other financial liabilities (Note 7) 250,376 301,734
Payables 52,876 42,676
Due to related companies (Note 2) $ 9,712 $ 3,170
Accounts Payable, Current, Related Party [Extensible Enumeration] Related Party [Member] Related Party [Member]
Dividends payable $ 30,126 $ 15,064
Accrued liabilities (Note 15) 82,849 68,117
Unearned revenue 11,859 17,273
Current portion of obligations under operating leases (Note 4) 1,700 7,770
Current portion of financial liability under operating leases (Note 4) 138 249
Current portion of financial instruments - Fair value (Notes 8, 13) 561 1,987
Total current liabilities 440,197 458,040
Long-Term Debt and Lease Obligation 1,851,801 1,619,241
Below Market Lease, Net 8,224 12,322
Other Accrued Liabilities, Noncurrent 22,726 0
Derivative Liability, Noncurrent 110 473
Preferred shares, $ 1.00 par value; 25,000,000 shares authorized, 4,745,947 Series E Preferred Shares and 6,747,147 Series F Preferred Shares issued and outstanding at June 30, 2026 and December 31, 2025 11,493 11,493
Common shares, $ 5.00 par value; 60,000,000 shares authorized at June 30, 2026 and December 31, 2025; 30,805,776 shares issued and 30,127,603 shares outstanding at June 30, 2026 and December 31, 2025 151,541 151,541
Additional paid-in capital 927,789 926,769
Cost of treasury stock (6,791) (6,791)
Accumulated other comprehensive loss (2,371) (1,886)
Retained earnings 922,866 738,350
Total Tsakos Energy Navigation Limited stockholders' equity 2,004,527 1,819,476
Non-controlling Interest 50,130 43,529
Total stockholders' equity 2,054,657 1,863,005
Total liabilities and stockholders' equity $ 4,377,715 $ 3,953,081