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Tsakos Energy Navigation Ltd (TNP)

Tsakos Energy Navigation Ltd (TNP)
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Tsakos Energy Navigation is a leading provider of international seaborne crude oil and petroleum product transportation services. It was incorporated in 1993 as an exempted company under the laws of Bermuda under the name Maritime Investment Fund Limited. In 1996, Maritime Investment Fund Limited was renamed MIF Limited. Their common shares were listed in 1993 on the Oslo Stock Exchange and the Bermuda Stock Exchange although they delisted from the OSE in March 2005 due to limited trading. The Company's shares are no longer actively traded on the Bermuda exchange. In July 2001, the Company's name was changed to Tsakos Energy Navigation to enhance their brand recognition in the tanker industry, particularly among charterers.
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Sales 889,570 860,400 546,120 644,140 597,450
Sales Growth +3.39% +57.55% -15.22% +7.81% +12.75%
Net Income 300,180 204,230 -151,400 24,000 15,130
Net Income Growth +46.98% +234.89% -730.83% +58.63% +115.25%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Total Assets 3,364,090 3,308,580 2,894,810 3,112,280 3,154,100
Total Assets Growth +1.68% +14.29% -6.99% -1.33% -1.59%
Total Liabilities 1,711,440 1,785,660 1,603,020 1,730,460 1,681,780
Total Liabilities Growth -4.16% +11.39% -7.36% +2.89% -0.97%
(Values in U.S. Thousands) Dec, 2023 Dec, 2022 Dec, 2021 Dec, 2020 Dec, 2019
Operating Cash Flow 395,280 288,530 53,110 205,420 184,350
Operating Cash Flow Growth +37.00% +443.27% -74.15% +11.43% +149.29%
Net Cash Flow 67,260 182,240 -44,570 -26,000 -22,760
Change in Net Cash Flow -63.09% +508.88% -71.42% -14.24% -227.51%
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