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Zacks Equity Research

What Will Sitio Royalties' (STR) Q1 Earnings Unveil?

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.

ENBPositive Net Change ANIPNegative Net Change HPKNegative Net Change

Zacks Equity Research

ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project

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 ENegative Net Change SMNegative Net Change

Zacks Equity Research

Coterra Energy (CTRA) Q1 Earnings and Revenues Beat Estimates

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.

SLBNegative Net Change VLOPositive Net Change EOGNegative Net Change CTRANegative Net Change

Zacks Equity Research

Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss

Cenovus' (CVE) Q1 earnings gain from higher contributions from the Oil Sands unit and lower expenses.

VLOPositive Net Change EOGNegative Net Change CVENegative Net Change

Zacks Equity Research

Equinor (EQNR) SLB & Subsea7 Join Forces for Offshore Projects

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.

SLBNegative Net Change SUBCYNegative Net Change EQNRNegative Net Change

Zacks Equity Research

Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates

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.

SLBNegative Net Change VLOPositive Net Change EOGNegative Net Change LNGNegative Net Change

Zacks Equity Research

What Will Global Partners' (GLP) Q1 Earnings Unveil?

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

Zacks Equity Research

Southwestern (SWN) Q1 Earnings Miss on Lower Production

Lower gas-equivalent production volumes and realized gas prices hurt Southwestern's (SWN) earnings in Q1.

SWNPositive Net Change SMNegative Net Change ECPositive Net Change

Zacks Equity Research

Eni (E) Misses on Q1 Earnings, Expects Higher '24 Production

Lower natural gas price realization hurts Eni's (E) earnings in Q1.

ENegative Net Change SMNegative Net Change ECPositive Net Change

Zacks Equity Research

EOG Resources (EOG) Q1 Earnings Beat on Higher Production

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.

SUNNegative Net Change EOGNegative Net Change SMNegative Net Change

Zacks Equity Research

U.S. Silica (SLCA) Enters an All-Cash Deal With Apollo Funds

U.S. Silica (SLCA) announces that its shareholders will receive $15.50 in cash per share of common stock, following its acquisition by Apollo.

SUNNegative Net Change SMNegative Net Change SLCAPositive Net Change

Nilanjan Choudhury

3 International Upstream Stocks Resilient to Industry Uncertainties

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 CRNCYNegative Net Change

Sanghamitra Saha

Where Could Oil Go From Here? ETFs in Focus

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

Zacks Equity Research

PBF Energy's (PBF) Q1 Earnings Beat on Higher Throughput

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.

VLOPositive Net Change EOGNegative Net Change SMNegative Net Change PBFPositive Net Change

Zacks Equity Research

SM Energy (SM) Q1 Earnings Top Estimates, Revenues Decline Y/Y

SM Energy's (SM) Q1 earnings gain from declining hydrocarbon production expenses. This is partially offset by declining oil equivalent production volumes.

VLOPositive Net Change EOGNegative Net Change SMNegative Net Change

Zacks Equity Research

Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates

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.

SLBNegative Net Change PTENNegative Net Change VLOPositive Net Change

Zacks Equity Research

ConocoPhillips (COP) Q1 Earnings Beat on Higher Oil Volumes

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 PBFPositive Net Change

Zacks Equity Research

Petrobras' (PBR) Quarterly Production Grows, Oil Exports Fall

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 SUNNegative Net Change SMNegative Net Change

Zacks Equity Research

ProPetro (PUMP) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

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 SLBNegative Net Change VLOPositive Net Change PUMPNegative Net Change

Zacks Equity Research

Cactus (WHD) Q1 Earnings Beat on Spoolable Technologies

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 PBFPositive Net Change WHDNegative Net Change

Zacks Equity Research

Marathon (MRO) Q1 Earnings Beat on Oil Price Improvement

Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.

CVXNegative Net Change SLBNegative Net Change MROPositive Net Change VLOPositive Net Change

Zacks Equity Research

VAALCO's (EGY) Q1 Earnings Preview: Things to Consider

While higher production expenses are likely to have hurt VAALCO Energy's (EGY) Q1 bottom line, impressive output growth might have aided its performance.

EGYNegative Net Change USACNegative Net Change OVVNegative Net Change PRNegative Net Change

Zacks Equity Research

Is LFRAX a Strong Bond Fund Right Now?

MF Bond Report for LFRAX

LFRAXPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Negotiates Massive LNG Deal With Turkey

ExxonMobil's (XOM) deal could significantly diversify and secure Turkey's energy mix, enhancing its status as a top global LNG supplier.

XOMNegative Net Change SMNegative Net Change YPFPositive Net Change