ConocoPhillipsConocoPhillips beat EPS estimates but missed revenue, indicating strong earnings performance.
All 12 S&P 500 energy companies that reported earnings this week beat Wall Street's EPS estimates, while nine topped revenue expectations and three missed. Occidental Petroleum posted EPS of $2.40, beating by $0.55, and revenue of $8.33 billion, exceeding forecasts by $1.08 billion. ConocoPhillips reported EPS of $3.24, a $0.30 beat, on revenue of $19.52 billion that missed estimates. Devon Energy delivered EPS of $1.57, beating by $0.16, with revenue of $7.42 billion surpassing expectations by $1.49 billion. ONEOK's EPS of $1.53 beat by $0.13 on revenue of $12.05 billion, a $3.10 billion beat, prompting raised full-year 2026 guidance. Phillips 66 posted EPS of $9.41, a $1.91 beat, on revenue of $52.04 billion, exceeding estimates by $8.00 billion. EOG Resources reported EPS of $5.07, beating by $0.10, with revenue of $8.62 billion topping expectations by $821.75 million. The sector's strong cash flows, disciplined spending, and shareholder returns continued to support performance, with the State Street Energy Select Sector SPDR ETF gaining 28.27% year-to-date, outpacing the broader S&P 500's 12.63% return.
ConocoPhillipsConocoPhillips beat EPS estimates but missed revenue, indicating strong earnings performance.
Devon Energy CorporationDevon Energy beat both EPS and revenue estimates, showing robust financial results.
EOG Resources IncEOG Resources beat EPS and revenue estimates, reflecting solid operational performance.
ONEOK IncONEOK beat EPS and revenue estimates and raised full-year 2026 guidance, signaling positive outlook.
APA Corporation
Diamondback Energy Inc
Texas Pacific Land Corporation
Targa Resources Inc
Phillips 66Phillips 66 beat EPS and revenue estimates significantly.
Marathon Petroleum Corp
Occidental Petroleum CorporationOccidental Petroleum beat both EPS and revenue estimates, indicating strong earnings.
Williams Companies Inc