Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026)

Tsakos Energy Navigation (TEN) posted quarterly Operating Expenses of $143.1 million for Q1 2026, up 4.88% year-on-year from $136.4 million in Q1 2025, and up 1.55% on a QoQ basis from $140.9 million in Q4 2025.

Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026) Analysis & Trends

Tsakos Energy Navigation (TEN) has reported Operating Expenses for 18 consecutive years, with $143.1 million the latest figure, recorded in Q1 2026.

  • Quarterly Operating Expenses rose 4.88% year-over-year to $143.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $553.0 million (up 3.06% YoY) and the FY2025 annual result came in at $546.4 million, up 3.97% from the prior year.
  • Operating Expenses climbed to $143.1 million in Q1 2026 per TEN's latest filing, from $140.9 million in the prior quarter.
  • Over the last five years, Operating Expenses for TEN reached as high as $163.5 million in Q4 2023 and fell as low as $62.1 million in Q1 2023.
  • A 5-year average of $136.3 million and a median of $140.9 million in 2025 frame the typical range for Operating Expenses.
  • Annual changes were most pronounced in 2023 — Operating Expenses tumbled 55.71% — and 2024, when it surged 101.96%.
  • Year by year, Operating Expenses stood at $147.8 million in 2022, then increased by 10.57% to $163.5 million in 2023, then fell by 10.78% to $145.8 million in 2024, then declined by 3.39% to $140.9 million in 2025, then grew by 1.55% to $143.1 million in 2026.
  • According to Business Quant data, Operating Expenses over the past three periods registered $143.1 million, $140.9 million, and $125.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 DHT Holdings 2,706.13 Bn 2,706.00 Bn 167.16 Mn 78.81 Mn
2 Flex LNG 1,674.16 Bn 1,673.77 Bn 61.79 Mn -21.81 Mn
3 Kinder Morgan 112.74 Bn 113.82 Bn 3.07 Bn 3.13 Bn
4 Enbridge 89.82 Bn 89.03 Bn 6.70 Bn 13.95 Bn
5 Enterprise Products Partners 83.97 Bn 82.82 Bn - 12.50 Bn
6 Tc Energy 72.76 Bn 73.95 Bn 1.36 Bn 915.00 Mn
7 Energy Transfer 70.27 Bn 69.30 Bn 6.62 Bn 24.79 Bn
8 Targa Resources 61.30 Bn 61.34 Bn 1.70 Bn 333.70 Mn
9 Oneok 61.15 Bn 61.02 Bn 8.98 Bn 7.00 Mn
10 Tsakos Energy Navigation 1.18 Bn 1.18 Bn 199.70 Mn 143.09 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 143.09 Mn
Dec 31, 2025 140.90 Mn
Sep 30, 2025 125.77 Mn
Jun 30, 2025 143.27 Mn
Mar 31, 2025 136.44 Mn
Dec 31, 2024 145.85 Mn
Sep 30, 2024 143.21 Mn
Jun 30, 2024 111.11 Mn
Mar 31, 2024 125.34 Mn
Dec 31, 2023 163.46 Mn
Sep 30, 2023 133.65 Mn
Jun 30, 2023 138.89 Mn
Mar 31, 2023 62.06 Mn
Dec 31, 2022 147.84 Mn
Sep 30, 2022 156.74 Mn
Jun 30, 2022 159.33 Mn
Mar 31, 2022 140.14 Mn
Dec 31, 2021 231.98 Mn
Sep 30, 2021 147.90 Mn
Jun 30, 2021 149.30 Mn