Tsakos Historical Income Statement
| TEN Stock | USD 23.19 0.27 1.15% |
Historical analysis of Tsakos Energy income statement accounts such as Operating Income of 411.1 M, Ebit of 347.9 M, EBITDA of 499.4 M or Cost Of Revenue of 306.8 M can show how well Tsakos Energy Navigation performed in making a profits. Evaluating Tsakos Energy income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Tsakos Energy's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Tsakos Energy Navigation latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Tsakos Energy Navigation is a good buy for the upcoming year.
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About Tsakos Income Statement Analysis
Tsakos Energy Navigation Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Tsakos Energy shareholders. The income statement also shows Tsakos investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Tsakos Energy Income Statement Chart
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Total Revenue
Total revenue comprises all receipts Tsakos Energy Navigation generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Tsakos Energy Navigation minus its cost of goods sold. It is profit before Tsakos Energy operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Tsakos Energy Navigation. It is also known as Tsakos Energy overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Tsakos Energy's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Tsakos Energy Navigation current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. At this time, Tsakos Energy's Interest Expense is very stable compared to the past year. As of the 9th of September 2024, Income Before Tax is likely to grow to about 320.3 M, while Depreciation And Amortization is likely to drop about 96.6 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Total Revenue | 546.1M | 860.4M | 889.6M | 487.0M | Depreciation And Amortization | 143.3M | 140.8M | 144.2M | 96.6M |
Tsakos Energy income statement Correlations
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Tsakos Energy Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Tsakos Energy income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Depreciation And Amortization | 154.2M | 137.1M | 143.3M | 140.8M | 144.2M | 96.6M | |
| Total Revenue | 597.5M | 644.1M | 546.1M | 860.4M | 889.6M | 487.0M | |
| Gross Profit | 141.2M | 161.0M | 1.5M | 286.6M | 370.0M | 388.5M | |
| Other Operating Expenses | 484.0M | 512.2M | 573.8M | 603.6M | 552.9M | 370.3M | |
| Operating Income | 85.9M | 96.7M | (119.9M) | 256.4M | 391.5M | 411.1M | |
| Ebit | 85.9M | 116.7M | (47.3M) | 235.7M | 331.4M | 347.9M | |
| Ebitda | 240.1M | 253.8M | 96.0M | 376.5M | 475.6M | 499.4M | |
| Cost Of Revenue | 456.3M | 483.2M | 544.7M | 573.8M | 519.6M | 306.8M | |
| Total Operating Expenses | 27.7M | 29.0M | 29.1M | 29.9M | 33.3M | 46.2M | |
| Net Income | (53.0M) | 24.0M | (151.4M) | 204.2M | 300.2M | 315.2M | |
| Income Tax Expense | 67.0M | 459M | 182M | 60.1M | 107.3M | 67.6M | |
| Interest Expense | 69.0M | 49.6M | 38.6M | 55.5M | 102.6M | 107.7M | |
| Selling General Administrative | 27.7M | 29.0M | 29.1M | 29.9M | 33.3M | 22.5M | |
| Income Before Tax | 14.0M | 27.2M | (150.6M) | 208.5M | 305.1M | 320.3M | |
| Net Income Applicable To Common Shares | (28.0M) | (15.1M) | (187.2M) | 168.3M | 151.4M | 159.0M | |
| Total Other Income Expense Net | (71.9M) | (49.7M) | (81.2M) | 9.3M | 55.0M | 57.8M | |
| Minority Interest | 20.9M | 28.1M | (820K) | (4.2M) | (5.2M) | (5.0M) | |
| Net Income From Continuing Ops | 14.0M | 27.2M | (150.6M) | 208.5M | 374.8M | 393.5M | |
| Interest Income | 71.6M | 69.5M | 703K | 48.3M | 11.3M | 10.7M | |
| Net Interest Income | (70.3M) | (55.0M) | (41.7M) | (57.6M) | (91.9M) | (96.5M) | |
| Reconciled Depreciation | 128.8M | 127.3M | 126.8M | 121.6M | 123.1M | 102.5M |
Pair Trading with Tsakos Energy
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Tsakos Energy position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Tsakos Energy will appreciate offsetting losses from the drop in the long position's value.Moving together with Tsakos Stock
Moving against Tsakos Stock
| 0.85 | VNOM | Viper Energy Ut | PairCorr |
| 0.82 | ENB | Enbridge | PairCorr |
| 0.82 | KMI | Kinder Morgan Fiscal Year End 15th of January 2025 | PairCorr |
| 0.8 | LNG | Cheniere Energy | PairCorr |
| 0.8 | PBA | Pembina Pipeline Corp | PairCorr |
The ability to find closely correlated positions to Tsakos Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tsakos Energy when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Tsakos Energy - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Tsakos Energy Navigation to buy it.
The correlation of Tsakos Energy is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tsakos Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tsakos Energy Navigation moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Tsakos Energy can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Information and Resources on Investing in Tsakos Stock
When determining whether Tsakos Energy Navigation offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Tsakos Energy's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Tsakos Energy Navigation Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Tsakos Energy Navigation Stock:Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Tsakos Energy Navigation. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Oil & Gas Storage & Transportation space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Tsakos Energy. If investors know Tsakos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Tsakos Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.72) | Earnings Share 4.95 | Revenue Per Share 28.128 | Quarterly Revenue Growth (0.23) | Return On Assets 0.0503 |
The market value of Tsakos Energy Navigation is measured differently than its book value, which is the value of Tsakos that is recorded on the company's balance sheet. Investors also form their own opinion of Tsakos Energy's value that differs from its market value or its book value, called intrinsic value, which is Tsakos Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Tsakos Energy's market value can be influenced by many factors that don't directly affect Tsakos Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Tsakos Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tsakos Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tsakos Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.