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| Date | Value |
|---|---|
| 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 |