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energy: Archive

Zacks Equity Research

W&T Offshore (WTI) Q1 Earnings Lag Estimates on Lower Prices

Lower realized prices for oil-equivalent production hurt W&T Offshore's (WTI) earnings in Q1.

HESNegative Net Change SMNegative Net Change WTIPositive Net Change ECPositive Net Change

Zacks Equity Research

Enbridge (ENB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y

Enbridge's (ENB) first-quarter earnings primarily benefit from increased contributions across all segments.

HESNegative Net Change SMNegative Net Change ENBPositive Net Change MTDRNegative Net Change

Zacks Equity Research

Ovintiv (OVV) Q1 Earnings Beat Estimates, Revenues Miss

Ovintiv (OVV) expects capital expenditures in the range of $2.2-$2.4 billion for full-year 2024 and in the band of $610-$650 million for the second quarter of the year.

SLBPositive Net Change VLONegative Net Change MGYNegative Net Change OVVNegative Net Change

Zacks Equity Research

Delek (DK) Q1 Loss Narrower Than Expected, Sales Decline Y/Y

Delek (DK) expects capital expenditures of approximately $330 million, including $220 million for Refining and $70 million for Logistics, for full-year 2024.

SLBPositive Net Change VLONegative Net Change DKNegative Net Change MGYNegative Net Change

Nilanjan Choudhury

Natural Gas Sees Weekly Gain on EIA Report, Summer Forecasts

With natural gas price action remaining volatile, we recommend investors to hold onto companies with strong fundamentals, such as CTRA and LNG.

CHKPositive Net Change EQTPositive Net Change LNGNegative Net Change CTRANegative Net Change

Zacks Equity Research

GeoPark's (GPRK) Offtake Pact With Vitol Expands Funding Access

GeoPark's (GPRK) offtake agreement with Vitol outlines the sale and delivery of a minimum of 20,000 barrels of oil per day from Llanos 34 Block in Colombia.

HESNegative Net Change EPositive Net Change SMNegative Net Change GPRKPositive Net Change

Zacks Equity Research

Murphy (MUSA) Q1 Earnings Miss on Weak Margins, Product Sales

In the first quarter, Murphy USA (MUSA) bought back shares worth $86.9 million.

VLONegative Net Change MUSAPositive Net Change MPCNegative Net Change PSXNegative Net Change

Zacks Equity Research

Is PTTRX a Strong Bond Fund Right Now?

MF Bond Report for PTTRX

PTTRXNegative Net Change

Zacks Equity Research

Is MEMTX a Strong Bond Fund Right Now?

MF Bond Report for MEMTX

MEMTXNo Net Change

Zacks Equity Research

Chevron's (CVX) Gorgon LNG Facility Faces Production Disruption

Chevron (CVX) states that it is working to repair the fault and the process may take several weeks. This may affect the exports from the facility.

CVXNegative Net Change HESNegative Net Change EPositive Net Change SMNegative Net Change

Zacks Equity Research

Seadrill (SDRL) Announces New Contracts for Two Drillships

Seadrill's (SDRL) West Capella drillship wins a one-well contract in South Korea and West Neptune drillship secures a contract extension in the U.S. Gulf of Mexico.

HESNegative Net Change EPositive Net Change SMNegative Net Change SDRLPositive Net Change

Sweta Killa

5 Best-Performing Top-Ranked ETFs at the Start of May

Wall Street regained momentum at the start of May. The rally has been broad-based, with all three major indices just a few points away from their record highs.

PRNNegative Net Change PSCTNegative Net Change PXJPositive Net Change XSDPositive Net Change XMMONegative Net Change

Zacks Equity Research

Is a Surprise Coming for Nextracker (NXT) This Earnings Season?

Nextracker (NXT) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

NXTPositive Net Change

Zacks Equity Research

Magnolia (MGY) Q1 Earnings Beat Estimates, Revenues Rise Y/Y

Magnolia (MGY) expects D&C capital expenditures to be $120 million to $125 million for the second quarter of 2024 and between $450 million and $480 million for the entire year.

SLBPositive Net Change VLONegative Net Change EOGNegative Net Change MGYNegative Net Change

Zacks Equity Research

APA Q4 Earnings Miss on Lower Production, Revenues Beat

APA Corporation (APA) bought back 3 million shares at $33.27 apiece during the first quarter. The company also shelled out $76 million in dividend payment.

COPNegative Net Change APANegative Net Change EQTPositive Net Change FANGNegative Net Change

Zacks Equity Research

BP Aims $1B Investment in Tesla Superchargers for U.S. Growth

BP's ambitious $1 billion investment to acquire Tesla Supercharger sites and install over 3,000 charging points across America signals a shift in the EV landscape.

BPPositive Net Change HESNegative Net Change SMNegative Net Change TSLAPositive Net Change

Andrew Rocco

Avoid Equity Chop: Buy these 3 Commodity ETFs

When equity markets become complicated, other asset classes can provide investors with a refuge. Commodity ETFs currently present favorable reward-to-risk opportunities.

GLDNegative Net Change USOPositive Net Change SLVPositive Net Change UNGPositive Net Change

Zacks Equity Research

Shell (SHEL) to Sell Off Its Singapore Refinery and Other Assets

Shell's (SHEL) sale of its refinery and petrochemical assets can be linked with its plan to lower its overall carbon footprint while also focusing on its most profitable ventures.

HESNegative Net Change EPositive Net Change SMNegative Net Change SHELPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Liza Unity FPSO Hits Record Output in Guyana

ExxonMobil's (XOM) Liza Unity FPSO achieves peak production of 252K bbl/day, paving the way for Guyana to become Latin America's second-largest oil producer after Brazil.

XOMNegative Net Change HESNegative Net Change VLONegative Net Change EOGNegative Net Change

Zacks Equity Research

Crescent Point (CPG) Divests Non-Core Assets in Saskatchewan

Crescent Point (CPG) mentions that the assets have minimal influence on its future plans, and divesting them will allow it to concentrate on its key priorities.

HESNegative Net Change EPositive Net Change SMNegative Net Change CPGNegative Net Change

Zacks Equity Research

Dril-Quip (DRQ) Q1 Earnings Decline Y/Y on Increased Costs

Rising total costs and expenses led to Dril-Quip's (DRQ) weak first-quarter earnings.

DRQPositive Net Change HESNegative Net Change SMNegative Net Change ECPositive Net Change

Zacks Equity Research

Equinor (EQNR) Buys Stake in Standard Lithium's Two Projects

Per the deal, Equinor (EQNR) will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest.

XOMNegative Net Change HESNegative Net Change SMNegative Net Change EQNRPositive Net Change

Zacks Equity Research

Will Petrobras (PBR) Report Q1 Earnings Beat on Output Gains?

Petrobras (PBR) beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, which resulted in an earnings surprise of 2.8%, on average.

PBRNegative Net Change ANIPNegative Net Change NXTPositive Net Change

Zacks Equity Research

Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss

Williams (WMB) expects adjusted EBITDA in the range of $6.8-$7.1 billion in the top half of 2024 and growth capex in the band of $1.45-$1.75 billion for 2024.

WMBPositive Net Change SLBPositive Net Change VLONegative Net Change EOGNegative Net Change

Zacks Equity Research

Cheniere Partners (CQP) Q1 Earnings Beat, Revenues Dip Y/Y

Cheniere Partners' (CQP) Q1 earnings gain from higher LNG volumes loaded.

HESNegative Net Change SMNegative Net Change ECPositive Net Change CQPNegative Net Change