v3.26.3
Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
VOYAGE REVENUES $ 298,405 $ 193,309 $ 551,367 $ 390,360
EXPENSES:        
Voyage expenses 52,126 31,917 81,972 67,980
Charter hire expense 2,646 3,321 6,032 6,603
Vessel operating expenses 57,690 52,704 110,954 102,310
Depreciation and amortization 46,295 42,089 90,443 83,220
General and administrative expenses 14,792 13,237 27,236 23,143
Gain on sale of vessels (Note 5) (37,870) 0 (37,870) (3,553)
Total expenses 135,679 143,268 278,767 279,703
Operating income 162,726 50,041 272,600 110,657
OTHER INCOME (EXPENSES):        
Interest and finance costs, net (Note 8) (22,643) (24,978) (43,430) (48,980)
Interest income 3,405 3,231 5,606 5,538
Other, net (12) (4) (33) (23)
Total other expenses, net (19,250) (21,751) (37,857) (43,465)
Net income 143,476 28,290 234,743 67,192
Less: Net income attributable to the non-controlling interest (4,176) (1,457) (6,601) (2,648)
Net income attributable to Tsakos Energy Navigation Limited 139,300 26,833 228,142 64,544
Effect of preferred dividends (6,750) (6,750) (13,500) (13,500)
Undistributed and distributed income allocated to non-vested restricted common stock (684) (313) (1,108) (513)
Net income attributable to common stockholders of Tsakos Energy Navigation Limited $ 131,866 $ 19,770 $ 213,534 $ 50,531
Earnings per share, basic attributable to Tsakos Energy Navigation Limited common Stockholders $ 4.40 $ 0.67 $ 7.12 $ 1.70
Earnings per share, diluted attributable to Tsakos Energy Navigation Limited common Stockholders $ 4.40 $ 0.67 $ 7.12 $ 1.70
Weighted average number of shares, basic 29,972,103 29,661,103 29,972,103 29,661,103
Weighted average number of shares, diluted 29,972,103 29,661,103 29,972,103 29,661,103