Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, such as conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known …
Full TEN analysis →
Competitive advantage assessment
Key strengths
Operating Leverage in EffectOperating leverage is evident (score 0.86), with margins expanding over time.
Key risks
Weak or Negative Cash FlowCash generation is weak (score 0.32), limiting financial flexibility.
ROIC Below WACC or PeersROIC at 38.3th percentile suggests inefficient capital deployment.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
Upgrade to unlock the signals and evidence behind each defense.
Premium access
Unlock full defense analysis
Get key signals, strengths, and risks for every moat dimension.
Tsakos Energy Navigation Ltd ranks #33 of 56
scored companies in Oil & Gas Midstream by moat score — the top 59%.
The widest moat in the group is Hess Midstream LP (HESM)
at 84/100.
Moat scores for companies ranked near TEN in Oil & Gas Midstream
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 56
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 42
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 46
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 41
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 66
· 15% of the moat score
Scale matters only when it converts into economics.
What is Tsakos Energy Navigation Ltd's moat score?
Tsakos Energy Navigation Ltd (TEN) scores 47 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #33 of 56 scored companies in Oil & Gas Midstream, the top 59%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 67 companies in Oil & Gas Midstream. Its strongest defense is Scale & Market Position (66/100) and its weakest is Pricing Power (38/100).
How does Tsakos Energy Navigation Ltd compare with other Oil & Gas Midstream companies?
Tsakos Energy Navigation Ltd ranks #33 of 56 scored companies in Oil & Gas Midstream by moat score. The widest moat in Oil & Gas Midstream is Hess Midstream LP (HESM) at 84/100. The companies ranked closest are Targa Resources, Inc. (TRGP) at 47 just above it and TOP Ships, Inc. (TOPS) at 46 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 67 companies in Oil & Gas Midstream. The defenses are then weighted to produce the overall score out of 100.
Why is Tsakos Energy Navigation Ltd scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Tsakos Energy Navigation Ltd?
The Corporate Default template measures 6 defenses, and TEN scores: Pricing Power (38), Cost Advantage (56), Customer Stickiness (42), Capital Efficiency (46), Resilience (41), Scale & Market Position (66). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
We value your privacy
We use cookies to enhance your browsing experience, analyze site traffic, and personalize content. By clicking 'Accept All', you consent to our use of cookies.
Read our cookie policy
Cookie Preferences
Manage your cookie preferences. Essential cookies are always enabled.