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ExxonMobil doubled expected annual synergies from its Pioneer Natural Resources acquisition to $4 billion. At the Barclays Energy Conference, CFO Neil Hansen highlighted strong refining margins, acce…
Marathon Petroleum reported blowout quarterly results driven by record-high crack spreads, doubling refining margins to $36.33 per barrel. Analysts expect full-year earnings to surge over 340% year-o…
Mixed H1 2026 results with revenue up 13% to $261M, but a $4.8M net loss due to unplanned downtime at Stag and CWLH. Strong operational safety and successful refinancing contrast with deferred liftin…
U.S. refiners like Marathon, Phillips 66, Chevron, and Valero are reporting record profits due to soaring refining margins caused by global fuel shortages and geopolitical conflicts. Meanwhile, Bloom…
Nine Energy Service (NINE) missed Q2 EBITDA guidance due to coiled tubing equipment failures and inflationary cost pressures, though completion tools and international sales grew strongly. Management…
Matador Resources posted strong Q2 2026 results, beating EPS and revenue estimates on record oil production and higher realized oil prices, while raising 2026 production guidance. Natural gas pricing…
Matador Resources posted strong Q2 2026 free cash flow, reduced debt, raised oil production growth guidance to 4-7%, and highlighted high-return federal lease acquisitions supporting a bullish 2027 o…
Plains GP Holdings (PAGP) reported Q2 2026 EBITDA of $738 million, on track for its $2.88 billion full-year guidance. The company completed its NGL divestiture, reducing leverage to 3.3x and increasi…
Journey Energy (TSX:JOY) reported strong Q2 2026 results with $18.5M net income (+355% YoY) driven by 56% higher oil prices amid US-Iran war tensions. Company advances Duvernay light oil program desp…
Devon Energy posted strong Q2 2026 earnings post-Coterra merger, with record production near guidance highs and solid free cash flow, though gas realizations were hurt by weak Permian pricing.
Devon Energy (formerly Devon/Coterra merger) beat Q2 2026 guidance, generated $1.7B in free cash flow, and returned over $1B to shareholders. Integration synergies and Permian growth remain on track,…
Marathon Petroleum smashed earnings estimates as refining margins nearly doubled amid tight U.S. refinery capacity, while WTI crude slipped $7.49 in a single day, highlighting a widening crack spread…
Marathon Petroleum posted a blowout Q2 2026 with net income up 325% YoY, driven by soaring refining margins and higher crack spreads. Strong shareholder returns and increased MPLX capex signal sector…
IPC reported Q2 2026 results: production in line with guidance, first positive free cash flow since 2023, and first oil achieved at Blackrod ahead of schedule. Net debt remains high, no dividends pla…
Marathon Petroleum reported blockbuster Q2 net income of $5.1B ($17.73/share), up sharply from $1.2B last year, signaling strong refining margins and energy sector health.
Diamondback Energy raised its 2025 production outlook after exceeding 1 million boe/day, cut debt by $1.3B, doubled buybacks to $16B, and kept capex flat, signaling strong Permian efficiency gains.
Black Stone Minerals (BSM) faces a steep expected revenue decline for its upcoming quarter, contrasting with prior profitability beats. The investment narrative hinges on their gas-weighted royalty m…
PBF Energy posted strong Q2 results driven by refining margins, supply disruptions, and low product inventories. Management sees higher margin floors ahead, aiding balance sheet strength via debt red…
Baytex Energy beat Q2 production guidance, raised full-year outlook, generated strong free cash flow and expanded buybacks. Strong heavy oil and Duvernay well results support growth, though BTE itsel…
US futures rise ahead of June PCE data and Q2 GDP report. Inflation appears to be easing while growth stays steady, supporting risk assets, though rate-sensitive sectors remain in focus. XOM earnings…