Why These Energy Stocks Are Gaining This Week

6. Tsakos Energy Navigation Limited (NYSE:TEN)

Share Price Gains Between June 11 – June 18: 16.83%

One of the largest marine transporters of energy in the world, Tsakos Energy Navigation Limited (NYSE:TEN) offers transportation services of crude oil and petroleum products to national and international oil companies and refineries.

Tsakos Energy Navigation Limited (NYSE:TEN) posted impressive results for its Q1 2025 this week, reporting an adjusted EPS of $1.15 and beating expectations by a significant $0.75. The company’s revenue of $161 million also managed to top estimates by $7 million.

A major growth factor for the company is the recent award to build nine DP2 shuttle tankers for Transpetro/Petrobras, which propels TEN to become one of the largest shuttle tanker owners in the Brazilian offshore sector.

Tsakos Energy Navigation Limited (NYSE:TEN) also announced a semi-annual dividend of $0.6 per share to be distributed on July 18, 2025. Following this payout, the company will have distributed over $900 million in dividends since its NYSE listing in 2002.