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Tsakos Energy vs EnbridgeTsakos Energy vs Williams CompaniesTsakos Energy vs Flex LNGTsakos Energy vs Dorian LPGTsakos Energy vs Navigator HoldingsTsakos Energy vs S&P 500 | Market

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2024

Income Metrics

Revenue 201.6M
Gross Profit 67.4M 33.44%
Operating Income 60.1M 29.80%
Net Income 54.4M 26.99%
EPS (Diluted) $1.60

Balance Sheet Metrics

Total Assets 3.5B
Total Liabilities 1.8B
Shareholders Equity 1.7B
Debt to Equity 1.08

Cash Flow Metrics

Free Cash Flow 75.0M

Revenue & Profitability Trend

Quarter Income Flow i

Annual Income Flow i

Tsakos Energy Income Statement From 2020 to 2023

Metric 2023 2022 2021 2020
Revenue i 889.6M 860.4M 546.1M 644.1M
Cost of Goods Sold i 519.6M 573.8M 544.7M 483.2M
Gross Profit i 370.0M 286.6M 1.5M 161.0M
Gross Margin % i 41.6% 33.3% 0.3% 25.0%
Operating Expenses
Research & Development i - - - -
Selling, General & Administrative i 33.3M 29.9M 29.1M 29.0M
Other Operating Expenses i - - - -
Total Operating Expenses i 33.3M 29.9M 29.1M 29.0M
Operating Income i 336.7M 256.8M -27.7M 131.9M
Operating Margin % i 37.8% 29.8% -5.1% 20.5%
Non-Operating Items
Interest Income i 14.6M 2.0M 703.0K 1.1M
Interest Expense i 102.6M 55.5M 38.6M 49.6M
Other Non-Operating Income 55.0M 9.3M -81.2M -49.7M
Pre-tax Income i 305.1M 208.5M -150.6M 27.2M
Income Tax i - - - -
Effective Tax Rate % i 0.0% 0.0% 0.0% 0.0%
Net Income i 305.1M 208.5M -150.6M 27.2M
Net Margin % i 34.3% 24.2% -27.6% 4.2%
Key Metrics
EBITDA i 475.6M 376.5M 96.0M 253.8M
EPS (Basic) i $9.04 $6.02 $-9.53 $-0.80
EPS (Diluted) i $9.04 $6.01 $-9.53 $-0.80
Basic Shares Outstanding i 29505603 27970799 19650307 18768599
Diluted Shares Outstanding i 29505603 27970799 19650307 18768599

Income Statement Trend

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Tsakos Energy Balance Sheet From 2019 to 2023

Metric 2023 2022 2021 2020 2019
Assets
Current Assets
Cash & Equivalents i 372.0M 304.4M 117.2M 160.5M -
Short-term Investments i - - - - 798.0K
Accounts Receivable i 46.7M 78.2M 30.6M 25.3M -
Inventory i 22.5M 26.2M 22.9M 21.8M -
Other Current Assets 30.2M 22.4M 22.0M 19.4M -
Total Current Assets i 509.3M 513.1M 239.7M 321.5M -
Non-Current Assets
Property, Plant & Equipment i - - - - 21.4M
Goodwill i - - - - -
Intangible Assets i - - - - -
Long-term Investments - 0 1.5M 0 287.0K
Other Non-Current Assets 62.1M 67.7M 57.5M 59.5M -
Total Non-Current Assets i 2.9B 2.8B 2.7B 2.8B -
Total Assets i 3.4B 3.3B 2.9B 3.1B -
Liabilities
Current Liabilities
Accounts Payable i 40.2M 48.2M 74.9M 55.3M -
Short-term Debt i 214.1M 251.8M 203.7M 254.3M -
Current Portion of Long-term Debt - - - - -
Other Current Liabilities 72.0K 1.0M 8.9M 15.3M -
Total Current Liabilities i 323.2M 369.7M 332.1M 382.0M -
Non-Current Liabilities
Long-term Debt i 1.4B 1.4B 1.3B 1.3B -
Deferred Tax Liabilities i - - - - -
Other Non-Current Liabilities - - 3.2M 4.2M 14.9M
Total Non-Current Liabilities i 1.4B 1.4B 1.3B 1.3B -
Total Liabilities i 1.7B 1.8B 1.6B 1.7B -
Equity
Common Stock i 150.9M 150.9M 126.2M 96.0M -
Retained Earnings i 548.2M 311.7M 149.5M 338.8M -
Treasury Stock i 6.8M 6.8M 6.8M 9.8M -
Other Equity - - - - -
Total Shareholders Equity i 1.7B 1.5B 1.3B 1.4B -
Key Metrics
Total Debt i 1.6B 1.7B 1.5B 1.6B 0
Working Capital i 186.1M 143.4M -92.4M -60.6M 0

Balance Sheet Composition

Tsakos Energy Cash Flow Statement From 2020 to 2023

Metric 2023 2022 2021 2020
Operating Activities
Net Income i 305.1M 208.5M -150.6M 27.2M
Depreciation & Amortization i 123.1M 121.6M 126.8M 127.3M
Stock-Based Compensation i - - - -
Working Capital Changes i 26.6M -47.1M 17.4M 19.2M
Operating Cash Flow i 455.9M 274.4M -13.9M 172.9M
Investing Activities
Capital Expenditures i -132.4M -301.8M -8.0M -94.6M
Acquisitions i - - - -
Investment Purchases i -5.0M 0 0 -
Investment Sales i - - - -
Investing Cash Flow i -137.4M -301.8M -8.0M -94.6M
Financing Activities
Share Repurchases i -108.3M -2.5M -168.0K -59.8M
Dividends Paid i -61.9M -43.7M -36.3M -46.7M
Debt Issuance i 411.4M 701.1M 189.8M 348.9M
Debt Repayment i -426.3M -494.2M -318.9M -383.7M
Financing Cash Flow i -190.6M 195.5M -89.7M -136.8M
Free Cash Flow i 96.9M -44.8M -8.1M 17.2M
Net Change in Cash i 127.9M 168.1M -111.6M -58.5M

Cash Flow Trend

Tsakos Energy Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 5.92
Forward P/E 3.28
Price to Book 0.71
Price to Sales 1.35
PEG Ratio -0.08

Profitability Ratios

Profit Margin 41.59%
Operating Margin 45.83%
Return on Equity 16.14%
Return on Assets 7.93%

Financial Health

Debt to Equity 0.00

Per Share Data

EPS (TTM) $9.04
Book Value per Share $56.99
Revenue per Share $30.15

Peer Financial Comparison

Company Market Cap P/E Ratio P/B Ratio ROE Profit Margin Debt/Equity
TNP 1.2B 5.92 0.71 16.14% 41.59% 0.00
Enbridge 114.6B 22.06 2.79 11.56% 11.49% 161.40
Williams Companies 88.3B 33.48 6.86 18.56% 22.13% 197.03
Flex LNG 1.7B 22.49 2.33 9.81% 21.52% 257.05
Dorian LPG 1.6B 12.56 1.40 11.21% 30.42% 62.05
Navigator Holdings 1.4B 13.80 1.08 8.46% 17.06% 72.03
Nippun Rana

Nippun Rana

Chasing the market trend!

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, an...

Financial data is updated regularly. All figures are in the company's reporting currency.