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energy: Archive

Zacks Equity Research

Sunoco (SUN) Q2 Earnings and Revenues Outpace Estimates

Sunoco's (SUN) second-quarter earnings and revenues beat estimates on the back of increased contributions from all segments and gains from the NuStar acquisition.

HESPositive Net Change SUNPositive Net Change SMPositive Net Change BKRPositive Net Change

Zacks Equity Research

Northern Oil and Gas (NOG) to Expand Footprint in Uinta Basin

Northern Oil and Gas (NOG) plans to acquire an additional 20% undivided stake in the Uinta Basin assets for an unadjusted price of $17.5 million in cash.

SMPositive Net Change EGYPositive Net Change MTDRPositive Net Change NOGPositive Net Change

Zacks Equity Research

Cenovus (CVE) Q2 Earnings Lag Estimates on Higher Expenses

A decline in production in the Canadian Manufacturing Unit and higher expenses hurt Cenovus' (CVE) Q2 earnings.

SMPositive Net Change CVEPositive Net Change EGYPositive Net Change MTDRPositive Net Change

Zacks Equity Research

Is PIMIX a Strong Bond Fund Right Now?

MF Bond Report for PIMIX

PIMIXPositive Net Change

Zacks Equity Research

Imperial (IMO) Q2 Earnings Rise Y/Y, Sales Lag Estimates

Imperial Oil (IMO) expects a capital spending budget of C$1.7 billion for 2024, with Upstream segment production expected in the range of 420,000-442,000 gross oil-equivalent barrels per day.

HALPositive Net Change IMOPositive Net Change KMIPositive Net Change LBRTPositive Net Change

Zacks Equity Research

SandRidge Energy (SD) Earnings & Revenues Decline Y/Y in Q2

Lower production volumes and reduced realized prices for natural gas hurt SandRidge Energy's (SD) earnings in Q2.

SDPositive Net Change

Zacks Equity Research

SM Energy (SM) Q2 Earnings Top Estimates, Revenues Increase Y/Y

SM Energy's (SM) Q2 earnings gain from high oil equivalent production volumes and increased average realized price.

HESPositive Net Change SUNPositive Net Change SMPositive Net Change BKRPositive Net Change

Zacks Equity Research

Petrobras' (PBR) Uchuva-2 Well Confirms Major Gas Discovery

Petrobras (PBR) highlights that the Uchuva-2 well can provide relevant information for developing a new exploration and production frontier in Colombian waters.

PBRNegative Net Change SMPositive Net Change ECPositive Net Change EGYPositive Net Change

Zacks Equity Research

Diamondback (FANG) Beats on Q2 Earnings, Ups Production View

For 2024, Diamondback Energy (FANG) looks to pump around 462,000-470,000 BOE/d of hydrocarbon, compared to 458,000-466,000 BOE/d predicted before.

COPPositive Net Change APAPositive Net Change EQTPositive Net Change FANGPositive Net Change

Zacks Equity Research

Targa (TRGP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Targa (TRGP) anticipates its capital expenditure for 2024 to be at $2.7 billion, with net maintenance capital expenditures amounting to $225 million.

HALPositive Net Change KMIPositive Net Change TRGPPositive Net Change LBRTPositive Net Change

Sanghamitra Saha

Tough Time Ahead for Oil ETFs?

Oil futures may seesaw in the coming days thanks to recession fears in the United States despite the ongoing tensions in the Middle East, a key oil-producing region.

USOPositive Net Change DBOPositive Net Change USLPositive Net Change BNOPositive Net Change OILKPositive Net Change

Zacks Equity Research

W&T Offshore (WTI) Q2 Earnings Lag Estimates on Lower Production

Low oil-equivalent production and rising operating expenses hurt W&T Offshore's (WTI) earnings in Q2.

SUNPositive Net Change SMPositive Net Change WTIPositive Net Change BKRPositive Net Change

Zacks Equity Research

MPLX Q2 Earnings Top on Higher Throughput Volumes

MPLX Q2 earnings gain on increased gathered and processed volumes. The partnership maintains its capital spending projection for 2024 at $1.1 billion.

SMPositive Net Change EGYPositive Net Change ETPositive Net Change MPLXPositive Net Change

Nilanjan Choudhury

What is the Right Approach for Chevron (CVX) Post Q2 Results?

Chevron's (CVX) oil production growth is impressive, with domestic output driven by the Permian and DJ Basins.

CVXPositive Net Change HESPositive Net Change

Zacks Equity Research

Canadian (CNQ) Q2 Earnings Rise Y/Y, Sales Beat Estimates

Canadian (CNQ) projects total liquid production to range from 977-1,008 thousand barrels of oil equivalent per day, with total capital expenditures amounting to C$5,420 million for 2024.

HALPositive Net Change CNQPositive Net Change KMIPositive Net Change LBRTPositive Net Change

Zacks Equity Research

Is PONAX a Strong Bond Fund Right Now?

MF Bond Report for PONAX

PONAXPositive Net Change

Zacks Equity Research

Viper Energy (VNOM) Q2 Earnings Beat on Higher Production

Higher oil-equivalent production volumes aid Viper Energy's (VNOM) earnings in Q2.

HESPositive Net Change FTIPositive Net Change NOGPositive Net Change VNOMPositive Net Change

Zacks Equity Research

TC Energy (TRP) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

TC Energy (TRP) anticipates its 2024 comparable EBITDA to be between C$11.2 billion and C$11.5 billion, and net capital expenditures in the range of C$8-C$8.5 billion.

HALPositive Net Change TRPPositive Net Change KMIPositive Net Change LBRTPositive Net Change

Kinjel Shah

Buy These 5 Low Price-to-Book Stocks in August

The P/B ratio helps to identify low-priced stocks with high growth prospects. General Motors Company (GM), Unum Group (UNM), Canadian Solar (CSIQ), Energy Transfer (ENS) and The Greenbrier Companies (GBX) are some such stocks.

CSIQPositive Net Change UNMPositive Net Change GMPositive Net Change ETPositive Net Change GBXPositive Net Change

Zacks Equity Research

Enbridge (ENB) Q2 Earnings Miss Estimates, Revenues Rise Y/Y

Enbridge's (ENB) weak Q2 earnings can be attributed to increased financing costs, higher income taxes and greater depreciation expense, with higher Adjusted EBITDA contributions offering some relief.

SUNPositive Net Change SMPositive Net Change ENBPositive Net Change BKRPositive Net Change

Zacks Equity Research

Delek (DK) to Sell Its Retail Business to Mexican Conglomerate

Delek's (DK) sale of its retail business to the Mexican conglomerate, FEMSA (FMX), should provide it with a competitive partner for increasing its retail fuel sales.

FMXPositive Net Change SMPositive Net Change DKPositive Net Change EGYPositive Net Change

Zacks Equity Research

Will Petrobras (PBR) Report Q2 Earnings Beat on Output Gains?

Petrobras (PBR) beat the Zacks Consensus Estimate for earnings just once in the last four quarters and missed in the other three.

PBRNegative Net Change TTWOPositive Net Change SOIPositive Net Change IOVAPositive Net Change

Zacks Equity Research

Cheniere (LNG), Galp Energia Partner for Long-Term LNG Supply

Cheniere (LNG) signs a 20-year long-term liquefied natural gas sale and purchase agreement with Galp Energia, boosting US-EU energy ties and supporting SPL expansion.

SUNPositive Net Change SMPositive Net Change LNGPositive Net Change GLPEYPositive Net Change

Zacks Equity Research

Phillips 66 (PSX) Q2 Earnings Top on Solid Midstream Business

Despite being a leading global refiner in the United States, Phillips 66 (PSX) is steadily shifting its focus to its midstream business, which significantly contributed to its Q2 earnings.

SLBPositive Net Change KMIPositive Net Change PSXPositive Net Change MTDRPositive Net Change

Sweta Killa

Energy ETFs in Focus as Exxon Beats, Chevron Disappoints

Two energy behemoths - Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) - came up with varied second-quarter results recently.

CVXPositive Net Change XOMPositive Net Change XLEPositive Net Change IYEPositive Net Change VDEPositive Net Change FENYPositive Net Change DRLLPositive Net Change