Tsakos Energy Navigation Ltd (TNP) on Thursday reported first-quarter profit of $21.2 million.
On a per-share basis, the Athens-based company said it had net income of $0.12.
Earnings, adjusted for non-recurring costs, came to $0.42 per share.
The oil and gas shipping company posted revenue of $178.9 million in the period. Its adjusted revenue was $146.2 million.
The company’s shares closed at $2.91. A year ago, they were trading at $3.20.