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Important Factors to Watch Ahead of BP's Q1 Earnings Release
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Key Takeaways
BP's Q1 2026 results are due April 28, with consensus earnings at 85 cents per ADS.
BP's Q4 came in at 60 cents per ADS, beating consensus on higher refining margins and output.
BP cites favorable March-quarter WTI prices; it expects oil-equivalent production flat sequentially.
BP plc (BP - Free Report) is set to report first-quarter 2026 results on April 28, 2026.
In the last reported quarter, the British energy giant reported earnings of 60 cents per American Depositary Share (“ADS”) on a replacement-cost basis, excluding non-operating items. The figure beat the Zacks Consensus Estimate of 57 cents, thanks to an increase in oil-equivalent production volumes and higher realized refining margins.
BP’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 12.6%. This is depicted in the graph below:
The Zacks Consensus Estimate for first-quarter earnings is pegged at 85 cents per ADS, implying an improvement of 60.4% from the year-ago reported number. It has witnessed one upward estimate revision in the past seven days.
The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $57.6 billion, indicating a 20.4% rise from the year-ago actuals.
Q1 Earnings Whispers for BP
Our proven model predicts an earnings beat for BP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here.
The integrated energy major has an Earnings ESP of +8.40% and a Zacks Rank #1.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors to Note Ahead of BP’s Q1 Results
To have an idea of how oil prices behaved in the March quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration (“EIA”). The average Cushing, OK, WTI spot prices for January, February and March of this year were $60.04, $64.51 and $91.38 per barrel, respectively, per EIA data. The crude pricing environment was quite favorable for exploration and production activities of BP, especially in the last month of the quarter. The supporting commodity prices are likely to have aided production volumes, which the integrated major expects to be flat sequentially.
Other Stocks to Consider
Here are some other stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
EOG’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average being 6.1%. The company has witnessed an upward and two downward movements for the first-quarter 2026 bottom line in the past seven days.
ConocoPhillips (COP - Free Report) has an Earnings ESP of +6.80% and a Zacks Rank #1. COP is scheduled to release earnings on April 30.
The Zacks Consensus Estimate for ConocoPhillips’ first-quarter 2026 earnings is pegged at $1.61 per share, indicating a decline from the prior-year reported figure.
Valero Energy (VLO - Free Report) has an Earnings ESP of +3.48% and a Zacks Rank #1. VLO is scheduled to release earnings on April 30.
The Zacks Consensus Estimate for Valero Energy’s earnings is pegged at $3.14 per share, implying a 252.8% increase from the prior-year reported figure.
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Important Factors to Watch Ahead of BP's Q1 Earnings Release
Key Takeaways
BP plc (BP - Free Report) is set to report first-quarter 2026 results on April 28, 2026.
In the last reported quarter, the British energy giant reported earnings of 60 cents per American Depositary Share (“ADS”) on a replacement-cost basis, excluding non-operating items. The figure beat the Zacks Consensus Estimate of 57 cents, thanks to an increase in oil-equivalent production volumes and higher realized refining margins.
BP’s earnings beat the Zacks Consensus Estimate in three of the trailing four quarters and missed once, with the average surprise being 12.6%. This is depicted in the graph below:
BP p.l.c. Price and EPS Surprise
BP p.l.c. price-eps-surprise | BP p.l.c. Quote
BP’s Estimate Trend
The Zacks Consensus Estimate for first-quarter earnings is pegged at 85 cents per ADS, implying an improvement of 60.4% from the year-ago reported number. It has witnessed one upward estimate revision in the past seven days.
The Zacks Consensus Estimate for first-quarter revenues is currently pegged at $57.6 billion, indicating a 20.4% rise from the year-ago actuals.
Q1 Earnings Whispers for BP
Our proven model predicts an earnings beat for BP this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is the case here.
The integrated energy major has an Earnings ESP of +8.40% and a Zacks Rank #1.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors to Note Ahead of BP’s Q1 Results
To have an idea of how oil prices behaved in the March quarter, let's analyze the commodity prices from the data provided by the U.S. Energy Information Administration (“EIA”). The average Cushing, OK, WTI spot prices for January, February and March of this year were $60.04, $64.51 and $91.38 per barrel, respectively, per EIA data. The crude pricing environment was quite favorable for exploration and production activities of BP, especially in the last month of the quarter. The supporting commodity prices are likely to have aided production volumes, which the integrated major expects to be flat sequentially.
Other Stocks to Consider
Here are some other stocks that you may want to consider, as these have the right combination of elements to post an earnings beat this reporting cycle.
EOG Resources (EOG - Free Report) : It has an Earnings ESP of +3.62% and a Zacks Rank #3. EOG is scheduled to release earnings on May 5. You can see the complete list of today’s Zacks #1 Rank stocks here.
EOG’s earnings beat the Zacks Consensus Estimate in each of the last four quarters, with the average being 6.1%. The company has witnessed an upward and two downward movements for the first-quarter 2026 bottom line in the past seven days.
ConocoPhillips (COP - Free Report) has an Earnings ESP of +6.80% and a Zacks Rank #1. COP is scheduled to release earnings on April 30.
The Zacks Consensus Estimate for ConocoPhillips’ first-quarter 2026 earnings is pegged at $1.61 per share, indicating a decline from the prior-year reported figure.
Valero Energy (VLO - Free Report) has an Earnings ESP of +3.48% and a Zacks Rank #1. VLO is scheduled to release earnings on April 30.
The Zacks Consensus Estimate for Valero Energy’s earnings is pegged at $3.14 per share, implying a 252.8% increase from the prior-year reported figure.