Fleet & Strategy - TEN Ltd has a diversified fleet with secured revenues and potential for market upside and "Greenship" growth[6] - As of September 8, 2025, 39% of vessels in the water have market exposure (Spot + TC P/S), while 87% are in secured revenue contracts (TC + TC P/S)[13] - Since January 1, 2023, the company has contracted/acquired 33 vessels with a total DWT of 47 million, and divested 17 vessels with a total DWT of 14 million[24] - The company's employment policy focuses on long-term relationships with known industrial concerns, providing cash flow sustainability and visibility[30] Financial Performance - For the six months ended June 30, 2025, voyage revenues were $39036 million, compared to $415644 million for the same period in 2024[45] - Net income attributable to common stockholders for the six months ended June 30, 2025, was $50531 million, compared to $116922 million for the same period in 2024[45] - Adjusted EBITDA for the six months ended June 30, 2025, was $193191 million, compared to $213978 million for the same period in 2024[48] - The company paid a total dividend of $150 per common share in 2024 ($060 in July and $090 in December), compared to $100 for 2023 operations[30] Market Outlook - World oil demand reached a record 1032 million barrels per day in 2024, with growth expected to be around 068 million barrels per day in 2025 and 070 million barrels per day in 2026[31] - The total newbuild orderbook is 147% of the current fleet over 15 years old[39] - As of August 2025, 29 vessels have been scrapped, totaling 23 million dwt[44]

Core Insights - TEN, Ltd reported strong financial results for the first half of 2025, with gross revenues of $390.4 million and net income of $64.5 million, translating to earnings of $1.70 per share [3][6] - The tanker market fundamentals remain robust, supported by rising global oil demand and low inventories, despite challenges from global tariffs and geopolitical tensions [12][13][14] - The company has secured minimum contracted revenue of $3.7 billion, indicating strong future earnings potential [16] Financial Performance - For the first half of 2025, TEN's adjusted EBITDA was $193.2 million, with operating income of approximately $111.0 million [3][6] - In Q2 2025, gross revenues reached $193.3 million, with adjusted EBITDA of $93.9 million and net income of $26.8 million, or $0.67 per share [6][7] - Fleet utilization increased to 96.9% in the first half of 2025, reflecting a higher number of vessels under term contracts [3][28] Operating Metrics - The average Time Charter Equivalent (TCE) per vessel per day for the first half of 2025 was $30,754, remaining healthy despite modest increases in vessel operating expenses [4][6] - Vessel operating expenses rose to $102.3 million, with total operating expenses per vessel per day at $9,743 [4][5] - The fleet's voyage expenses decreased by $15.4 million, settling at $68.0 million [4] Corporate Strategy and Developments - TEN is expanding its fleet with 21 new buildings under construction, including three new VLCC orders, while divesting older vessels [1][9][15] - The company has consistently rewarded shareholders, distributing over $900 million in dividends since its NYSE listing in 2002, with a semi-annual dividend of $0.60 per share paid in July 2025 [11][20] - Geopolitical tensions are influencing seaborne trade flows, which may impact vessel availability and market dynamics [14][15] Future Outlook - The company remains confident in its strategy to grow its fleet and maintain a modern, efficient operation, with a focus on specialized vessels under long-term contracts [15][16] - The recent order for scrubber-fitted VLCCs is expected to enhance the fleet's earning capacity and modernity [9][10]

Core Insights - Tsakos Energy Navigation (TEN) is set to release its Q2 2025 earnings results on September 10, with a consensus estimate of earnings per share (EPS) at 59 cents, reflecting a 53.2% year-over-year decline, while revenues are expected to be $156.9 million, down 9.2% from the previous year [1][8] Financial Performance - The Zacks Consensus Estimate for Q2 earnings has remained stable over the past 60 days, with the current estimate at 59 cents per share [1] - The revenue estimate of $156.9 million indicates a 9.2% decrease compared to the same quarter last year [1][8] - TEN has a history of earnings surprises, having surpassed the Zacks Consensus Estimate in three of the last four quarters, with an average beat of 46.7% [2] Operational Factors - High operating expenses, particularly elevated vessel operating costs, are expected to negatively impact TEN's performance [3] - Economic uncertainties, including tariff-related issues, are likely to have further affected the company's results [3] - Time charter equivalent earnings are projected to be around $30,000 per ship per day, with lower oil prices potentially benefiting the bottom line [4] Market Conditions - Oil prices have declined by 6% during the April-June period, influenced by tariff concerns, weakening consumer confidence, and increased production by OPEC+ [5] - The maintenance of a young and diversified fleet is anticipated to support results, with high average fleet utilization expected in the upcoming quarter [5] Earnings Prediction - The Zacks model does not predict an earnings beat for TEN this quarter, as the Earnings ESP stands at 0.00% and the company holds a Zacks Rank of 4 (Sell) [6][7]

Company Overview - TEN Ltd. is a leading diversified crude, product, and LNG tanker operator, with a fleet consisting of 82 vessels, including various types of tankers and carriers totaling approximately 11 million deadweight tons (dwt) [6] Earnings Announcement - The company will report its earnings for the second quarter and six months ended June 30, 2025, prior to the market opening in New York on September 10, 2025 [1] - A conference call will be held on the same day at 10:00 a.m. Eastern Time to review the results and management's outlook for the business [2] Conference Call Details - Participants are encouraged to dial in 10 minutes before the scheduled time using specific numbers for US and international calls [3] - An alternative "call me" option is available for faster connection to the conference call [4] - There will be a live and archived webcast of the conference call and accompanying slides available on the company's website [5]

Core Insights - The article emphasizes the importance of efficiency levels in assessing a company's potential for profitability, suggesting that higher efficiency correlates with better price performance [1] Efficiency Ratios - Receivables Turnover: This ratio measures a company's ability to collect debts and extend credit, with a higher ratio indicating better performance [2] - Asset Utilization: This ratio reflects a company's efficiency in converting assets into sales, with higher values suggesting better efficiency [3] - Inventory Turnover: This ratio indicates how well a company manages its inventory relative to its cost of goods sold, with higher values signaling effective inventory management [4] - Operating Margin: This ratio assesses a company's control over operating expenses, with higher values indicating more efficient expense management [5] Screening Criteria - The screening process included a favorable Zacks Rank (1 Strong Buy) alongside the efficiency ratios, narrowing down over 7,906 stocks to 15 strong candidates [6][9] Top Stocks Identified - The top five stocks identified for their efficiency include: - Tsakos Energy Navigation Limited (TEN) with an average four-quarter earnings surprise of 46.7% [10] - 10x Genomics, Inc. (TXG) also with an average four-quarter earnings surprise of 46.7% [11] - Pan American Silver Corp. (PAAS) with an average four-quarter earnings surprise of 45.2% [12] - Wolverine World Wide, Inc. (WWW) with an average four-quarter earnings surprise of 39.1% [13] - Interface (TILE) with an average four-quarter earnings surprise of 33.5% [14]

Group 1: BanColombia (CIB) - BanColombia is Colombia's largest bank by assets and has the largest market share in deposit products and loans [1] - The Zacks Consensus Estimate for BanColombia's current year earnings has increased by 1.9% over the last 60 days [1] - BanColombia has a dividend yield of 12.2%, significantly higher than the industry average of 3.3% [1] Group 2: Tsakos Energy Navigation Ltd (TEN) - Tsakos Energy Navigation is a leading provider of international seaborne crude oil and petroleum product transportation services [2] - The Zacks Consensus Estimate for Tsakos Energy Navigation's current year earnings has increased by 86.2% over the last 60 days [2] - Tsakos Energy Navigation has a dividend yield of 5.8%, compared to the industry average of 2.1% [2] Group 3: National Grid Transco (NGG) - National Grid Transco operates in the international energy delivery business, focusing on regulated electricity and gas industries [3] - The Zacks Consensus Estimate for National Grid Transco's current year earnings has increased by 6.3% over the last 60 days [3] - National Grid Transco has a dividend yield of 5.7%, which is above the industry average of 3.3% [3]

Group 1 - TEN Ltd. announced a minimum contracted revenue of $3.7 billion and is expanding its fleet with 21 eco vessels to be delivered by 2028 [1] - The company generated approximately $60 million in free cash from the sale of three vessels, which includes two handysize product tankers and one aframax crude carrier [2][3] - TEN's proforma fleet is approaching a total capacity of 11 million deadweight tons (dwt) [1][4] Group 2 - The company has ordered two eco VLCCs from Hanwha Ocean in South Korea, with an option for an additional unit, to be delivered in 2027 and 2028 [2] - TEN's strategy includes building high specification, environmentally friendly vessels while divesting from first-generation assets [3] - The diversified energy fleet of TEN currently consists of 82 vessels, including various types of tankers and carriers [4]

Group 1: Value Stocks Performance - Value stocks have underperformed growth peers in recent quarters, potentially making some companies in the value category more attractive due to deeper discounts relative to intrinsic value [1] - Current market volatility and economic uncertainty may present a favorable opportunity for long-term investors in value stocks [2] Group 2: Tsakos Energy Navigation (TEN) - Tsakos Energy Navigation Ltd. provides sea-based crude oil and petroleum transportation services, with a current stock price of $19.44 and a dividend yield of 6.17% [2][4] - The company reported mixed earnings for Q1, with EPS exceeding analyst predictions but revenue falling short by approximately $0.5 million; however, it has a significant backlog of $3.7 billion with an average contract duration of over 12 years [2][3] - Tsakos is on track to sell six older vessels by year-end, following the sale of 14 vessels, which will free up about $100 million for new builds and dividends [3] - The stock's P/E ratio of 4.5 is substantially lower than the transportation sector average of 13.1, indicating potential undervaluation despite a 12% increase in shares this year [4] Group 3: Gray Media (GTN) - Gray Media Inc. operates in television broadcasting and has recently engaged in a station swap with The E.W. Scripps Co., which is expected to enhance growth by creating a duopoly in certain markets [5] - The company refinanced $700 million in debt, extending maturities to 2032, alleviating near-term financial pressure [6] - GTN shares have surged by approximately 58% YTD, but with a P/E ratio of 2.3 compared to the sector average of 21.6, it may still be considered a value play [7] Group 4: NCR Voyix (VYX) - NCR Voyix Corp. specializes in digital commerce technology, reporting a 13% year-over-year revenue decline in Q1, yet still outperforming analyst expectations [9][10] - The company's annual recurring revenue (ARR) now constitutes two-thirds of total sales, indicating a positive shift towards a subscription model with the upcoming launch of its cloud-native Voyage Commerce Platform [10] - VYX shares have increased by about 9% YTD, supported by stock repurchase actions potentially totaling $200 million, while maintaining an attractive price-to-sales ratio of 0.71 [11]

Group 1 - Tsakos Energy (TEN) shares have increased by 12.5% over the past four weeks, closing at $20.11, with a mean price target of $31 indicating a potential upside of 54.2% [1] - The mean estimate includes three short-term price targets with a standard deviation of $9.54, where the lowest estimate is $21.00 (4.4% increase) and the highest is $40.00 (98.9% increase) [2] - Analysts show strong agreement on TEN's ability to report better earnings, with a positive trend in earnings estimate revisions suggesting potential upside [4][9] Group 2 - The Zacks Consensus Estimate for the current year has risen by 41.6% over the past month, with one estimate increasing and no negative revisions [10] - TEN holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [11] - While consensus price targets may not be reliable for predicting exact gains, they can indicate the direction of price movement [12]

Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to help investors select stocks with the highest potential to outperform the market in the short term [2] Zacks Style Scores Overview - The Style Scores categorize stocks into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [3][4][5][6] - Value Score identifies undervalued stocks using financial ratios [3] - Growth Score assesses stocks based on their future earnings and financial health [4] - Momentum Score tracks price trends to identify optimal buying opportunities [5] - VGM Score combines the three styles to highlight stocks with the best overall potential [6] Zacks Rank and Style Scores Interaction - The Zacks Rank utilizes earnings estimate revisions to aid in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9] - Stocks with lower ranks but high Style Scores may still face downward price pressure due to negative earnings outlooks [10] Company Spotlight: Tenneco Inc. (TEN) - Tenneco Inc. is a prominent manufacturer of clean air, powertrain, and ride performance products for various vehicle types [11] - TEN holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating solid performance potential [12] - The stock has shown a 13.4% increase over the past four weeks, with a positive earnings estimate revision for fiscal 2025 [12] - With strong Momentum and VGM Style Scores, TEN is recommended for investors' consideration [13]