Tsakos Energy Navigation Limited reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net income was USD 101.14 million compared to net loss of USD 101.91 million a year ago. Basic earnings per share from continuing operations was USD 3.17 compared to basic loss per share from continuing operations of USD 5.05 a year ago. Diluted earnings per share from continuing operations was USD 3.17 compared to diluted loss per share from continuing operations of USD 5.05 a year ago.
For the full year, net income was USD 204.23 million compared to net loss of USD 151.4 million a year ago. Basic earnings per share from continuing operations was USD 6.02 compared to basic loss per share from continuing operations of USD 9.53 a year ago. Diluted earnings per share from continuing operations was USD 6.01 compared to diluted loss per share from continuing operations of USD 9.53 a year ago.