2023-05-30 08:56:05 ET
- Tsakos Energy Navigation press release ( NYSE: TNP ): Q1 GAAP EPS of $5.69.
- Revenue of $261.21M (+74.5% Y/Y) beats by $52.01M .
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Fleet utilization in the first quarter of 2023 amounted to 96.4% reflecting efficient technical management and the low number of scheduled dry dockings during the period.
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Boosted by TEN’s flexible charters with upside potential, the fleet’s average Time Charter Equivalent more than doubled to $41,882 per day from the 2022 first quarter levels.
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Earnings Before Interest Tax Depreciation & Amortization exceeded $236 million.
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Tsakos Energy Navigation GAAP EPS of $5.69, revenue of $261.21M beats by $52.01M