Tsakos Energy Navigation (Tsakos Energy Navigation) Construction In Progress

: $150.6 Mil (As of Dec. 2023)

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Tsakos Energy Navigation's quarterly construction in progress increased from Jun. 2023 ($144.0 Mil) to Sep. 2023 ($150.5 Mil) and increased from Sep. 2023 ($150.5 Mil) to Dec. 2023 ($150.6 Mil).

Tsakos Energy Navigation's annual construction in progress declined from Dec. 2021 ($104.6 Mil) to Dec. 2022 ($46.7 Mil) but then increased from Dec. 2022 ($46.7 Mil) to Dec. 2023 ($150.6 Mil).

Tsakos Energy Navigation Construction In Progress Historical Data

The historical data trend for Tsakos Energy Navigation's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tsakos Energy Navigation Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Construction In Progress

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61.48

49.03

104.64

46.65

150.58

Tsakos Energy Navigation Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Construction In Progress	Get a 7-Day Free Trial															46.65	98.17	144.00	150.50	150.58

Tsakos Energy Navigation Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

Tsakos Energy Navigation (Tsakos Energy Navigation) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tsakos Energy Navigation Ltd (NYSE:TNP) » Definitions » Construction In Progress

Comparable Companies

NGL TK PBT OSG EE NVGS SMLP BROG GEL DLNG TSX:ENB EPD ET WMB OKE MPLX TSX:TRP KMI LNG TRGP

Traded in Other Exchanges

TNPpF.PFD:USA TNPpE.PFD:USA TK41:Germany

Address

367 Syngrou Avenue, Ktirio Macedonia, P.O Box 79141, Palaio Faliro, Athens, GRC, 175 64

Website

https://www.tenn.gr

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company's carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.