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Benzinga
Benzinga
Business
Akanksha Bakshi

Why Is Tsakos Energy Navigation Stock Gaining Thursday?

Tsakos Energy Navigation TEN
Tsakos Energy Navigation-Photo by Peter Moulton via Shutterstock

Tsakos Energy Navigation Ltd (NYSE:TEN) stock surged after the company reported stronger third-quarter 2025 results, delivering earnings and revenue above expectations, supported by robust tanker markets and gains from vessel sales.

Third-quarter gross revenues reached $186.228 million, beating the $178.092 million estimate. Net income increased to $38.3 million, or $1.05 per share, compared with $26.5 million, or 67 cents per share, in the prior-year quarter. EPS of $1.05 topped the 80 cents estimate.

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