TENTsakos Energy Navigation Limited

$1B

Q1 2024 Earnings

Energy Oil & Gas Midstream

Income Statement

Revenue

$202M-22.8% YoY

Gross Profit

$67M33.4% margin

Operating Income

$76M37.8% margin

Net Income

$54M26.8% margin

EPS (Diluted)

$1.60

QoQ Revenue Growth

-8.5%

Cash Flow

Operating Cash Flow

$75M

Free Cash Flow

$75M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$3.5B

Total Liabilities

$1.8B

Stockholders' Equity

$1.7B

Cash & Equivalents

$344M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$202M	$261M	-22.8%
Gross Profit	$67M	$125M	-46.1%
Operating Income	$76M	$199M	-61.7%
Net Income	$54M	$177M	-69.4%

TEN Q1 2024 Earnings — Tsakos Energy Navigation Limited Revenue & Financial Results | Market Cap Arena