Also trades as: TNP (NYSE) · $vol 5M · TNP-PE (NYSE) · $vol 1M · TNP-PF (NYSE) · $vol 0M · TNP-PD (NYSE) · $vol 0M · TEN-PE (NYSE) · $vol 0M

$50.05

+1.07 (+2.18%)

Weekly Expected Move ±6.0%

$44 $47 $50 $53 $56

NYSE · Energy · Oil & Gas Midstream · Tech Score Buy · Power 70 · $1.5B mcap · 21M float · 1.55% daily turnover · Short 29% of daily vol

Revenue

$799M -0.7% ▼

5Y CAGR: +4.4%

Gross Profit

$282M +2.4% ▲

5Y CAGR: +11.9%

Operating Income

$240M -13.9% ▼

5Y CAGR: +19.9%

Net Income

$161M -8.7% ▼

5Y CAGR: +46.3%

EPS (Diluted)

$4.45 -11.5% ▼

EBITDA

$410M -5.7% ▼

5Y CAGR: +13.5%

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$546M	$860M	$890M	$804M	$799M
YoY Growth	-15.2%	+57.5%	+3.4%	-9.6%	-0.7%
Cost of Revenue	$545M	$574M	$520M	$529M	$517M
Gross Profit	$1M	$287M	$370M	$275M	$282M
Gross Margin	0.3%	33.3%	41.6%	34.2%	35.3%
R&D Expenses	$285M	$0	$0	$0	$0
SG&A Expenses	$29M	$30M	$33M	$45M	$42M
Operating Expenses	$121M	$30M	-$21M	-$3M	$42M
Operating Income	-$120M	$256M	$391M	$279M	$240M
Operating Margin	-21.9%	29.8%	44.0%	34.6%	30.0%
Interest Expense	$42M	$60M	$106M	$113M	$98M
Income Before Tax	-$151M	$208M	$305M	$182M	$165M
Tax Expense	$0	$0	$0	$0	$0
Net Income	-$151M	$204M	$300M	$176M	$161M
Net Margin	-27.7%	23.7%	33.7%	21.9%	20.1%
EPS (Diluted)	$-9.53	$6.01	$9.04	$5.03	$4.45
EBITDA	$99M	$371M	$556M	$435M	$410M
Shares Outstanding	20M	28M	30M	30M	30M

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$200M	$188M	$197M	$193M	$186M	$222M	$253M	$298M
Cost of Revenue	$129M	$130M	$130M	$130M	$125M	$131M	$131M	$159M
Gross Profit	$71M	$58M	$67M	$64M	$61M	$91M	$122M	$140M
Gross Margin	35.6%	31.0%	34.0%	32.9%	32.6%	40.9%	48.4%	46.8%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$14M	$16M	$10M	$13M	$9M	$10M	$12M	$15M
Operating Expenses	$14M	$16M	$6M	$13M	$9M	$10M	$12M	$15M
Operating Income	$57M	$42M	$61M	$50M	$52M	$81M	$110M	$125M
Operating Margin	28.5%	22.5%	30.8%	26.1%	27.7%	36.6%	43.4%	41.8%
Interest Expense	$32M	$26M	$24M	$24M	$24M	$21M	$21M	$23M
Income Before Tax	$28M	$22M	$39M	$28M	$39M	$59M	$91M	$143M
Tax Expense	$0	$0	$0	$0	$0	$0	$0	$0
Net Income	$27M	$19M	$38M	$27M	$38M	$58M	$89M	$139M
Net Margin	13.3%	10.2%	19.1%	13.7%	20.6%	26.1%	35.1%	46.7%
EPS (Diluted)	$0.67	$0.41	$1.04	$0.67	$1.05	$1.70	$2.73	$4.40
EBITDA	$88M	$88M	$63M	$94M	$81M	$125M	$112M	$171M
Shares Outstanding	30M	30M	30M	30M	30M	30M	30M	30M

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