Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026)
Tsakos Energy Navigation (TEN) recorded Operating Expenses of $135.68 million in the quarter ended Jun 30, 2026, down 5.3% from $143.27 million a year earlier and down 5.2% from the prior quarter.
Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026) Analysis & Trends
On a TTM basis, Tsakos Energy Navigation's Operating Expenses came in at $545.44 million as of Jun 30, 2026, down 4.1% year-over-year; for the year ended Dec 31, 2025, it was $546.37 million, up 4.0% from the prior year.
- Annual Operating Expenses has a five-year compound annual growth rate of 0.0% (years ended Dec 2020 to Dec 2025).
- Across earlier years, Operating Expenses came in at $525.5 million in the year ended Dec 31, 2024 (+5.5%), $498.07 million in the year ended Dec 31, 2023 (-17.5%), $604.05 million in the year ended Dec 31, 2022 (-9.3%) and $665.98 million in the year ended Dec 31, 2021 (+21.7%).
- Quarterly Operating Expenses has ranged from $62.06 million in the quarter ended Mar 31, 2023 to $231.98 million in the quarter ended Dec 31, 2021 over the past five years.
- On a year-over-year basis, Operating Expenses rose in four of the last eight quarters, with growth averaging 2.3%.
- Peak year-over-year performance for Operating Expenses in the last five years was growth of 102.0% in the quarter ended Mar 31, 2024, against a decline of 55.7% in the quarter ended Mar 31, 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at $143.09 million (quarter ended Mar 31, 2026), $140.9 million (quarter ended Dec 31, 2025) and $125.77 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Union Pacific | 162.85 Bn | 157.37 Bn | - | 4.10 Bn |
| 2 | Csx | 86.62 Bn | 82.84 Bn | - | 2.43 Bn |
| 3 | Canadian Pacific Kansas City | 76.11 Bn | 75.83 Bn | - | 1.95 Bn |
| 4 | United Parcel Service | 70.66 Bn | 47.58 Bn | - | 21.90 Bn |
| 5 | Norfolk Southern | 70.32 Bn | 64.96 Bn | - | 2.34 Bn |
| 6 | Fedex | 68.53 Bn | 34.48 Bn | - | 23.46 Bn |
| 7 | Delta Air Lines | 55.25 Bn | 37.43 Bn | - | 17.89 Bn |
| 8 | Old Dominion Freight Line | 36.69 Bn | 35.95 Bn | - | 1.09 Bn |
| 9 | Ryanair Holdings | 28.78 Bn | 12.78 Bn | 3.13 Bn | 4.43 Bn |
| 10 | Tsakos Energy Navigation | 1.40 Bn | 95.31 Mn | 246.28 Mn | 135.68 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 135.68 Mn |
| 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 |
Tsakos Energy Navigation Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=TEN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "TEN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=TEN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();