Tsakos (TNP, $8.99) misses fiscal Q1 revenue estimates; beats earnings expectations
Tsakos Energy Navigation Ltd. reported a first-quarter FY22 Voyage revenue of $149.7 million, missing the consensus of $152.71 million. It is + 7.7% higher year-over-year.
The company’s loss narrowed to $(0.12) a share from $(0.80) in the year-ago quarter, and also beat consensus of $(0.21). The operating margin expanded by 480 bps to 6.4%.
Adjusted EBITDA climbed +13.1% year-over-year to $42.17 million and the margin widened by 135 bps to 28.2%.
The company announced that a dividend of $0.10 per common share will be paid on July 20, 2022, to holders of record as of July 14, 2022.
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Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
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General Information
a provider of international seaborne crude oil, petroleum product transportation and marine transportation services
Industry OilGasProduction
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