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Baker Hughes (BKR) clinches a contract with Aramco to provide gas technology for the Master Gas System Phase 3, enhancing the Kingdom's domestic gas distribution network and contributing to emissions reduction.
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
Sitio Royalties (STR) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 155.6%, on average.
ExxonMobil (XOM) is moving forward with the LNG project. It expects the project to enter a front-end engineering and design phase in the coming months.
Coterra Energy (CTRA) expects its budgeted capital spending to be between $1.75 billion and $1.95 billion for 2024. It also anticipates a discretionary cash flow of $3.1 billion and a free cash flow of $1.3 billion for the year.
Equinor's (EQNR) collaboration with SLB and Subsea7 is set to transform offshore exploration, unlocking vast reserves at Norway's Wisting and Canada's Bay du Nord fields.
Cheniere (LNG) expects consolidated adjusted EBITDA in the range of $5.5-$6 billion and distributable cash flow in the band of $2.9-$3.4 billion for full-year 2024.
Global Partners (GLP) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 5.9%, on average.
EOG Resources' (EOG) Q1 earnings and revenues beat estimates owing to higher production volumes. The company also reports a decline in exploration costs during the quarter.
Following a careful analysis of the Zacks Oil and Gas - International E&P industry, we advise keeping a close tab on companies like HBRIY, EGY and CRNCY.
Oil prices may see a recovery in demand if global central banks start cutting rates by 2024-end, and if supply falls due to the replenishment of the US strategic petroleum reserve and continued OPEC+ output cuts. However, the growing thrust on clean energy is a negative for the long term.
PBF Energy (PBF) reports better-than-expected Q1 earnings on the back of increased throughput volumes and reduced total costs. However, lower margins have partially offset these gains.
SM Energy's (SM) Q1 earnings gain from declining hydrocarbon production expenses. This is partially offset by declining oil equivalent production volumes.
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
ConocoPhillips' (COP) reports better-than-expected Q1 earnings on the back of higher oil equivalent production volumes. The positives are partially offset by lower average realized oil equivalent price.
Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.
ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
Cactus' (WHD) Q1 earnings and revenues top estimates. The company expects a sequential decline in U.S. land activity levels in Q2, citing geopolitical uncertainty.
Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.
energy: Archive
Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y
by Zacks Equity Research
Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.
SLBPositive Net Change VLONegative Net Change EOGNegative Net Change TRGPNegative Net Change
earnings energy oil-energy
Baker Hughes (BKR) Fuels Saudi Arabia's Gas Infrastructure
by Zacks Equity Research
Baker Hughes (BKR) clinches a contract with Aramco to provide gas technology for the Master Gas System Phase 3, enhancing the Kingdom's domestic gas distribution network and contributing to emissions reduction.
HESPositive Net Change VLONegative Net Change EOGNegative Net Change BKRNegative Net Change
energy oil-energy
TC Energy (TRP) Q1 Earnings Increase Y/Y, Sales Beat Estimates
by Zacks Equity Research
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
SLBPositive Net Change VLONegative Net Change EOGNegative Net Change TRPPositive Net Change
earnings energy oil-energy
What Will Sitio Royalties' (STR) Q1 Earnings Unveil?
by Zacks Equity Research
Sitio Royalties (STR) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 155.6%, on average.
STRNegative Net Change ENBPositive Net Change ANIPPositive Net Change HPKNegative Net Change
energy oil-energy
ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project
by Zacks Equity Research
ExxonMobil (XOM) is moving forward with the LNG project. It expects the project to enter a front-end engineering and design phase in the coming months.
XOMNegative Net Change HESPositive Net Change EPositive Net Change SMNegative Net Change
energy oil-energy
These Secret Winners of the AI Boom are Flying Under the Radar
by Bryan Hayes
The artificial intelligence hype reaches far beyond big tech.
CEGNegative Net Change XLUNegative Net Change
artificial-intelligence dividend-investing dividends earnings energy etfs infrastructure investing utilities
Coterra Energy (CTRA) Q1 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Coterra Energy (CTRA) expects its budgeted capital spending to be between $1.75 billion and $1.95 billion for 2024. It also anticipates a discretionary cash flow of $3.1 billion and a free cash flow of $1.3 billion for the year.
SLBPositive Net Change VLONegative Net Change EOGNegative Net Change CTRANegative Net Change
earnings energy oil-energy
Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Cenovus' (CVE) Q1 earnings gain from higher contributions from the Oil Sands unit and lower expenses.
HESPositive Net Change VLONegative Net Change EOGNegative Net Change CVENegative Net Change
earnings energy oil-energy
Equinor (EQNR) SLB & Subsea7 Join Forces for Offshore Projects
by Zacks Equity Research
Equinor's (EQNR) collaboration with SLB and Subsea7 is set to transform offshore exploration, unlocking vast reserves at Norway's Wisting and Canada's Bay du Nord fields.
SLBPositive Net Change HESPositive Net Change SUBCYPositive Net Change EQNRNegative Net Change
energy oil-energy
Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates
by Zacks Equity Research
Cheniere (LNG) expects consolidated adjusted EBITDA in the range of $5.5-$6 billion and distributable cash flow in the band of $2.9-$3.4 billion for full-year 2024.
SLBPositive Net Change VLONegative Net Change EOGNegative Net Change LNGNegative Net Change
earnings energy oil-energy
What Will Global Partners' (GLP) Q1 Earnings Unveil?
by Zacks Equity Research
Global Partners (GLP) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 5.9%, on average.
ENBPositive Net Change GLPNegative Net Change HPKNegative Net Change PRNegative Net Change
energy oil-energy
Southwestern (SWN) Q1 Earnings Miss on Lower Production
by Zacks Equity Research
Lower gas-equivalent production volumes and realized gas prices hurt Southwestern's (SWN) earnings in Q1.
HESPositive Net Change SWNNegative Net Change SMNegative Net Change ECNegative Net Change
earnings energy oil-energy
Eni (E) Misses on Q1 Earnings, Expects Higher '24 Production
by Zacks Equity Research
Lower natural gas price realization hurts Eni's (E) earnings in Q1.
HESPositive Net Change EPositive Net Change SMNegative Net Change ECNegative Net Change
earnings energy oil-energy
EOG Resources (EOG) Q1 Earnings Beat on Higher Production
by Zacks Equity Research
EOG Resources' (EOG) Q1 earnings and revenues beat estimates owing to higher production volumes. The company also reports a decline in exploration costs during the quarter.
HESPositive Net Change SUNNegative Net Change EOGNegative Net Change SMNegative Net Change
earnings energy oil-energy
U.S. Silica (SLCA) Enters an All-Cash Deal With Apollo Funds
by Zacks Equity Research
U.S. Silica (SLCA) announces that its shareholders will receive $15.50 in cash per share of common stock, following its acquisition by Apollo.
HESPositive Net Change SUNNegative Net Change SMNegative Net Change SLCANegative Net Change
energy oil-energy
3 International Upstream Stocks Resilient to Industry Uncertainties
by Nilanjan Choudhury
Following a careful analysis of the Zacks Oil and Gas - International E&P industry, we advise keeping a close tab on companies like HBRIY, EGY and CRNCY.
HBRIYPositive Net Change EGYNegative Net Change CRNCYPositive Net Change
energy oil-energy
Where Could Oil Go From Here? ETFs in Focus
by Sanghamitra Saha
Oil prices may see a recovery in demand if global central banks start cutting rates by 2024-end, and if supply falls due to the replenishment of the US strategic petroleum reserve and continued OPEC+ output cuts. However, the growing thrust on clean energy is a negative for the long term.
USONegative Net Change DBONegative Net Change USLNegative Net Change BNONegative Net Change OILKNegative Net Change
energy etfs
PBF Energy's (PBF) Q1 Earnings Beat on Higher Throughput
by Zacks Equity Research
PBF Energy (PBF) reports better-than-expected Q1 earnings on the back of increased throughput volumes and reduced total costs. However, lower margins have partially offset these gains.
VLONegative Net Change EOGNegative Net Change SMNegative Net Change PBFNegative Net Change
earnings energy oil-energy
SM Energy (SM) Q1 Earnings Top Estimates, Revenues Decline Y/Y
by Zacks Equity Research
SM Energy's (SM) Q1 earnings gain from declining hydrocarbon production expenses. This is partially offset by declining oil equivalent production volumes.
HESPositive Net Change VLONegative Net Change EOGNegative Net Change SMNegative Net Change
earnings energy oil-energy
Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
by Zacks Equity Research
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
SLBPositive Net Change PTENNegative Net Change VLONegative Net Change
earnings energy oil-energy
ConocoPhillips (COP) Q1 Earnings Beat on Higher Oil Volumes
by Zacks Equity Research
ConocoPhillips' (COP) reports better-than-expected Q1 earnings on the back of higher oil equivalent production volumes. The positives are partially offset by lower average realized oil equivalent price.
COPNegative Net Change EOGNegative Net Change SMNegative Net Change PBFNegative Net Change
earnings energy oil-energy
Petrobras' (PBR) Quarterly Production Grows, Oil Exports Fall
by Zacks Equity Research
Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.
PBRNegative Net Change HESPositive Net Change SUNNegative Net Change SMNegative Net Change
energy oil-energy
ProPetro (PUMP) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
by Zacks Equity Research
ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
XOMNegative Net Change SLBPositive Net Change VLONegative Net Change PUMPNegative Net Change
earnings energy oil-energy
Cactus (WHD) Q1 Earnings Beat on Spoolable Technologies
by Zacks Equity Research
Cactus' (WHD) Q1 earnings and revenues top estimates. The company expects a sequential decline in U.S. land activity levels in Q2, citing geopolitical uncertainty.
EOGNegative Net Change SMNegative Net Change PBFNegative Net Change WHDNegative Net Change
earnings energy oil-energy
Marathon (MRO) Q1 Earnings Beat on Oil Price Improvement
by Zacks Equity Research
Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.
CVXPositive Net Change SLBPositive Net Change MRONegative Net Change VLONegative Net Change
earnings energy oil-energy