Yahoo Finance Tsakos Energy Navigation Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags
Tsakos Energy Navigation (NYSE:TNP) Full Year 2023 Results
Key Financial Results
Revenue: US$889.6m (up 3.4% from FY 2022).
Net income: US$266.7m (up 59% from FY 2022).
Profit margin: 30% (up from 20% in FY 2022).
EPS: US$9.04 (up from US$6.02 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Tsakos Energy Navigation Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) missed analyst estimates by 9.8%.
In the last 12 months, the only revenue segment was Worldwide Maritime Transportation of Liquid Energy Related Products contributing US$889.6m. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$144.2m (58% of total expenses). Explore how TNP's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 2 years, compared to a 2.1% growth forecast for the Oil and Gas industry in the US.
Performance of the American Oil and Gas industry.
The company's shares are down 2.0% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Tsakos Energy Navigation, and understanding them should be part of your investment process.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
