Tsakos Energy Navigation reported a decline in fourth-quarter profit that was not as steep as Wall Street expected.
The New York-listed tanker owner reported bottom-line net income of $11.9m during the period, which was well below the $39.6m booked in the fourth quarter of 2015.
But TEN's operating earnings per share of $0.10 was better than the average analyst estimate of $0.07,
