Tsakos Energy Navigation (TNP) Tops Q1 EPS by 4c

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Go back to Tsakos Energy Navigation (TNP) Tops Q1 EPS by 4c

Tsakos Energy Navigation Reports 156% Increase in Q1 Profits, $0.42 Cents EPS and Declares New Dividend

May 22, 2015 8:22 AM EDT

ATHENS, GREECE -- (Marketwired) -- 05/22/15 -- Tsakos Energy Navigation Limited (NYSE: TNP)

FIRST QUARTER AND RECENT HIGHLIGHTS

Net income of $37.3 million compared to $14.6 million in first quarter 2014 or $0.42 per basic and diluted share EBITDA of $72.0 million, a 46% Year-on-Year increase from first quarter 2014 Liquidity at $290 million Time charter equivalent increase to $25,591 per day versus $21,569 per day in first quarter 2014 Operating expenses per ship per day decrease to $7,995 versus $8,449 per day in the first quarter of 2014 73% of remaining days in 2015 available today for... More