Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026)
Tsakos Energy Navigation (TEN) posted Operating Expenses of $143.1 million for Q1 2026, up 1.55% on a QoQ basis from $140.9 million in Q4 2025, and up 4.88% year-over-year from $136.4 million in Q1 2025.
Analysis
Tsakos Energy Navigation (TEN) Operating Expenses (2009 - 2026) Analysis & Trends
Tsakos Energy Navigation has reported Operating Expenses for 18 years, with the latest figure at $143.1 million in Q1 2026.
- On a quarterly basis, Operating Expenses rose 4.88% year-over-year to $143.1 million in Q1 2026; TTM through Mar 2026 was $553.0 million, a 3.06% increase from a year earlier, with the FY2025 full-year figure at $546.4 million, up 3.97% from the prior year.
- Operating Expenses was $143.1 million for Q1 2026 at Tsakos Energy Navigation, up from $140.9 million in the prior quarter.
- The five-year high for Operating Expenses was $163.5 million in Q4 2023, with the low at $62.1 million in Q1 2023.
- Average Operating Expenses over 5 years is $136.3 million, with a median of $140.9 million recorded in 2025.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses tumbled 55.71% in 2023, then surged 101.96% in 2024.
- Over 5 years, Operating Expenses stood at $147.8 million in 2022, then grew by 10.57% to $163.5 million in 2023, then declined by 10.78% to $145.8 million in 2024, then dropped by 3.39% to $140.9 million in 2025, then climbed by 1.55% to $143.1 million in 2026.
- The last three Operating Expenses figures came in at $143.1 million (Q1 2026), $140.9 million (Q4 2025), and $125.8 million (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Frontline | 10.27 Bn | 9.94 Bn | - | 347.18 Mn |
| 2 | Kirby | 7.43 Bn | 7.39 Bn | 290.80 Mn | 800.04 Mn |
| 3 | Matson | 6.74 Bn | 6.62 Bn | - | 810.50 Mn |
| 4 | International Seaways | 5.17 Bn | 5.17 Bn | 467.16 Mn | 168.38 Mn |
| 5 | Hafnia | 4.59 Bn | 4.31 Bn | 372.91 Mn | -47.20 Mn |
| 6 | Cmb.Tech | 4.47 Bn | 4.31 Bn | 970.62 Mn | -783.93 Mn |
| 7 | Scorpio Tankers | 4.26 Bn | 2.42 Bn | 343.91 Mn | -10.41 Mn |
| 8 | Star Bulk Carriers | 3.68 Bn | 3.11 Bn | 299.80 Mn | 202.38 Mn |
| 9 | Torm | 3.56 Bn | -626.52 Mn | 652.00 Mn | -72.60 Mn |
| 10 | Tsakos Energy Navigation | 1.32 Bn | 1.32 Bn | 199.70 Mn | 143.09 Mn |
Historic Data
Download Data
Historic 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 |