Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
ConocoPhillips reported Q1 2026 revenue of $15.76B, down 4.6% YoY, with net income falling 23.4% to $2.18B amid lower commodity prices and reduced operating cash flow of $4.30B.
Revenue
$15.76B
-4.58% YoY
EPS (Diluted)
$1.78
-20.18% YoY
Source: SEC XBRL
Conocophillips (COP) reported Q1 FY2026 revenue of $15.76B, down 4.6% year over year. Operating cash flow was $4.29B, down 29.8% year over year. COP's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 3.24 | 2.91 | Beat +11.3% |
| Mar 2026This filing | 1.89 | 1.67 | Beat +13.2% |
| Dec 2025 | 1.02 | 1.12 | Miss -9.1% |
| Sep 2025 | 1.61 | 1.44 | Beat +11.4% |
Adjusted (non-GAAP) EPS of $1.89 versus the $1.67 analyst consensus — a +13.2% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.78.
Compiled by AI from this SEC filing
Total revenue fell 4.6% YoY to $15.76B in Q1 2026 from $16.52B in Q1 2025, reflecting the impact of weaker oil and gas price realizations on top-line performance.
Source: 10-Q Financial Data, Income Statement
Cost of revenue rose 1.5% YoY to $6.28B even as revenue declined, compressing margins and indicating that production and operating costs did not fall proportionally with commodity prices.
Source: 10-Q Financial Data, Income Statement
Operating cash flow declined sharply by 29.8% YoY to $4.30B from $6.12B, suggesting that working capital changes and lower earnings materially reduced cash generation in the quarter.
Source: 10-Q Financial Data, Cash Flow Statement
Share buybacks totaled $1.01B in Q1 2026, down 32.9% from $1.50B in Q1 2025, while financing cash outflows narrowed to $2.19B from $3.14B, indicating a moderated but ongoing capital return program.
Source: 10-Q Financial Data, Cash Flow Statement
Total assets stood at $122.73B with stockholders' equity of $64.54B and a debt-to-equity ratio of 0.90, reflecting a well-capitalized balance sheet despite modest YoY declines across most balance sheet items.
Source: 10-Q Financial Data, Balance Sheet
Compiled by AI from this SEC filing · 2 high, 2 medium, 1 low
ConocoPhillips' revenue and profitability are highly sensitive to oil and natural gas price fluctuations. The 4.6% revenue decline and 23.4% net income drop in Q1 2026 illustrate how quickly earnings can deteriorate in a softer price environment. Sustained low commodity prices would further pressure margins and cash flow.
Source: 10-Q Financial Data, Income Statement
Operating cash flow fell nearly 30% YoY to $4.30B, a significant reduction that limits the company's ability to fund capital expenditures, dividends, and buybacks from internal sources. If this trend continues, the company may need to draw on its balance sheet or reduce shareholder returns.
Source: 10-Q Financial Data, Cash Flow Statement
Cost of revenue increased 1.5% YoY to $6.28B while revenue declined, creating margin compression. SG&A remained essentially flat at $193M, but the inability to reduce costs in line with revenue suggests limited near-term cost flexibility.
Source: 10-Q Financial Data, Income Statement
With share buybacks already reduced by 32.9% YoY to $1.01B and investing cash outflows increasing to $2.81B, the company faces competing demands on a shrinking cash flow base. Cash and equivalents declined 6.8% YoY to $5.88B, reducing the liquidity buffer.
Source: 10-Q Financial Data, Balance Sheet & Cash Flow Statement
D&A increased 5.8% YoY to $2.91B, reflecting the growing cost of maintaining and depreciating a large asset base. Total assets declined 1.2% YoY to $122.73B, and if capital investment does not keep pace with depreciation, the productive asset base could shrink over time.
Source: 10-Q Financial Data, Cash Flow Statement & Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 15.76 $B | 16.52 $B | -4.58% |
Cost of Revenue $B | 6.28 $B | 6.19 $B | +1.54% |
Net Income $B | 2.18 $B | 2.85 $B | -23.38% |
EPS (Basic) $ | 1.78 $ | 2.23 $ | -20.18% |
EPS (Diluted) $ | 1.78 $ | 2.23 $ | -20.18% |
SG&A Expense $M | 193.00 $M | 191.00 $M | +1.05% |
Answers draw on this SEC filing and the data on this page
ConocoPhillips more than doubled net income to $3.93 billion in Q2 FY2026, fueled by a 55% surge in crude oil realizations amid Middle East supply disruptions.
ConocoPhillips reported FY2025 revenue of $58.9B (+7.7% YoY) driven by higher volumes, but net income fell 13.6% to $8.0B amid rising costs and lower realized prices, while the company maintained strong operating cash flow of $19.8B and returned capital to shareholders through $5.0B in buybacks.
Other companies in Oil & Gas Exploration & Production