TSAKOS ENERGY NAVIGATION LTD
			Symbol			TNP

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Tsakos Energy Navigation Reports Third Quarter and Nine Month Profits for the Period Ended September 30, 2009

2009-11-06 07:00 ET - News Release

 2009 THIRD QUARTER HIGHLIGHTS
 * Voyage revenues of $106.20 million.
 * Net income of $2.11 million.
 * EPS of $0.06 per share (diluted).
 * Semi-annual dividend of $0.30 paid October 29, 2009.
 * Average number of vessels 47 with over 5.1 million dwt.
 * Average time charter equivalent per vessel $21,116 per day.
 * Average operating expenses per vessel $8,121 per day.
 * Amver Awards - Company of the Year

 2009 NINE-MONTH HIGHLIGHTS
 * Voyage revenues of $346.69 million.
 * Net income of $45.34 million (no vessel sales).
 * EPS of $1.22 per share (diluted).
 * Delivery and charter of newbuildings Ise Princess and Asahi
   Princess.
 * Charters for nine vessels.
 * Average time charter equivalent per vessel $23,819 per day.
 * Average operating expenses per vessel $8,655 per day.
 * Special survey acceleration on six vessels scheduled for dry dock
   in 2010.

ATHENS, Greece, Nov. 6, 2009 (GLOBE NEWSWIRE) -- TSAKOS ENERGY NAVIGATION LIMITED ("TEN" and "the Company") (NYSE:TNP) today reported financial results (unaudited) for the third quarter and nine months ended September 30, 2009.

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