Tsakos Energy Navigation reported first-quarter 2025 adjusted earnings of $1.04 a share on revenue of $197.1 million, generating net income of $37.7 million. EBITDA reached approximately $103 million, reflecting stronger tanker markets and higher charter rates. Operational performance improved, with fleet utilization rising to about 97%, supporting the company’s record 21-vessel expansion program. The board declared a $0.60 per-share dividend payable in July, maintaining its policy of returning cash to shareholders. Investors welcomed the results, sending the New York-listed shares about 5.5% higher in early trading.