Time, Bareboat & Pooling Charter Arrangements was Tsakos Energy Navigation’s largest revenue line in fiscal 2022, bringing in $2.73B of $5.16B (53%).
| Income Statement Location | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 |
|---|---|---|---|---|---|---|
| Time, Bareboat & Pooling Charter Arrangements | $2.29B | $2.31B | $1.75B | $2.73B | ||
| Hire Arrangements | — | — | — | — | ||
| Voyage Revenues | — | — | — | — | ||
| Voyage Charters & Contracts Of Affreightment | $1.29B | $1.55B | $1.53B | $2.43B | ||
| Total | $3.58B | $3.86B | $3.28B | $5.16B |
Tsakos Energy Navigation brought in $5.16B from its two revenue lines in fiscal 2022, the year ended December 31, 2022. That was up 57.5% from $3.28B in fiscal 2021. Time, Bareboat & Pooling Charter Arrangements was the largest at $2.73B (52.9%), ahead of Voyage Charters & Contracts Of Affreightment at $2.43B (47.1%).
Compared with fiscal 2021, Voyage Charters & Contracts Of Affreightment grew 58.9% to $2.43B and Time, Bareboat & Pooling Charter Arrangements grew 56.4% to $2.73B. From fiscal 2019 to 2022, combined revenue from these revenue lines grew from $3.58B to $5.16B, a compound annual growth rate of 12.9%. Time, Bareboat & Pooling Charter Arrangements' share of the total fell from 64.0% to 52.9%.
Tsakos Energy Navigation (TEN) reports its revenue by income statement location. In fiscal 2022, Time, Bareboat & Pooling Charter Arrangements was its largest revenue line, bringing in $2.73B (52.9% of the total), followed by Voyage Charters & Contracts Of Affreightment at $2.43B (47.1%).
Time, Bareboat & Pooling Charter Arrangements was Tsakos Energy Navigation's largest revenue line in fiscal 2022, bringing in $2.73B, or 52.9% of the $5.16B total across its two revenue lines.
Voyage Charters & Contracts Of Affreightment grew faster than Time, Bareboat & Pooling Charter Arrangements in fiscal 2022, up 58.9% from $1.53B to $2.43B. Time, Bareboat & Pooling Charter Arrangements grew 56.4% to $2.73B.
Every figure comes from Tsakos Energy Navigation's annual financial filings, as reported. Each line keeps the name Tsakos Energy Navigation gives it, and years follow its fiscal calendar.
Tsakos Energy Navigation's revenue by income statement location goes back to fiscal 2017, with figures through fiscal 2022. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.