EnergyEarnings — Latest Quarter & What's Coming

LNG reported a massive net loss of $3.50B in Q1 FY2026, a dramatic reversal from a $353M profit a year ago, driven by a steep operating loss of $3.49B, even as revenue grew 7.8% to $5.87B.

CVX reported Q1 FY2026 revenue of $48.6B (+2.1% YoY), but net income fell sharply to $2.2B (-36.9% YoY) and operating cash flow dropped 51.6% to $2.5B, reflecting significant margin compression despite modest top-line growth.

TRGP delivered a strong Q1 FY2026 with net income surging 77.3% YoY to $479.6M and operating margin expanding nearly 9 percentage points to 20.7%, even as total revenue declined 10.2% due to lower cost-of-revenue pass-throughs, while the company significantly ramped capital investment with investing cash outflows rising 165.7% YoY.

FANG reported Q1 FY2026 revenue of $4.24B (+4.7% YoY) but saw a dramatic collapse in profitability, with operating income plunging 93.1% to $116M and net income falling 98.2% to just $25M, likely driven by a significant one-time or non-cash charge.

OXY reported Q1 FY2026 revenue of $5.23B (down 8.3% YoY) while EPS surged 294% to $3.19, driven by a major asset divestiture that generated $7.85B in investing cash flows and enabled a $10B reduction in long-term debt.

EOG Resources delivered a strong Q1 FY2026 with revenue surging 22.1% YoY to $6.92B and net income rising 35.3% to $1.98B, driven by robust operating cash flow of $2.97B, though long-term debt more than doubled following what appears to be a significant acquisition or capital deployment.

ExxonMobil reported Q1 FY2026 revenue of $85.1B (+2.4% YoY) but net income fell sharply by 45.8% to $4.2B, reflecting significant margin compression and higher liabilities, while the company continued returning capital to shareholders via $4.9B in buybacks.

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.

SLB reported Q1 2026 revenue of $8.72B (+2.7% YoY), but net income declined 5.6% to $752M as margin pressures and lower operating cash flow of $487M weighed on profitability despite a significant strengthening of stockholders' equity to $26.18B.

Halliburton delivered a strong Q1 2026 with net income surging 126% YoY to $461M and EPS doubling to $0.55, though operating cash flow declined 27.6% to $273M.

Baker Hughes (BKR) delivered strong Q1 FY2026 results with revenue up 2.5% YoY to $6.59B and net income surging 131.3% to $930M, while total assets expanded 33.6% to $50.9B, largely driven by significant financing activity.