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Golar LNG Limited (GLNG) reported impressive first-quarter 2026 results, wherein both earnings and revenues surpassed the Zacks Consensus Estimate and improved year over year. Quarterly earnings of 49 cents per share surpassed the Zacks Consensus Estimate of 31 cents and increased year over year. Revenues of $137.55 million outpaced the Zacks Consensus Estimate of $125.3 million and improved 120% year over year. Golar LNG Limited price-consensus-eps-surprise-chart | Golar LNG Limited Quote Adjusted EBITDA of $105.57 million improved 158% year over year. GLNG exited the first quarter of 2026 with cash and cash equivalents of $1.01 billion compared with $1.15 billion at the end of the prior quarter. GLNG’s share of contractual debt at the end of the reported quarter increased 81% to $2.70 billion. GLNG’s board of directors approved a first-quarter 2026 dividend of 25 cents per share. The dividend will be paid on June 10, 2026, to shareholders of record at the close of business on June 1. As of March 31, 2026, GLNG had 101.8 million shares issued and outstanding. Currently, GLNG carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. BP plcBP reported first-quarter 2026 earnings of $1.24 per American Depositary Share, which beat the Zacks Consensus Estimate of 91 cents. As of March 31, 2026, BP reported $35.7 million in cash and cash equivalents. At the quarter's end, its long-term debt totaled $25.3 billion. Eni S.p.A.E reported first-quarter 2026 adjusted earnings from continuing operations of 81 cents per American Depository Receipt, which missed the Zacks Consensus Estimate of $1.13. As of March 31, 2026, Eni had a long-term debt of €21.7 billion, and cash and cash equivalents of €8.3 billion. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BP p.l.c. (BP) : Free Stock Analysis Report Eni SpA (E) : Free Stock Analysis Report Golar LNG Limited (GLNG) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

RPC Inc. RES reported first-quarter 2026 results on May 7, before the opening bell. Following the announcement, the company’s stock price declined 5.7% to $6.92 per share. RES reported first-quarter 2026 adjusted earnings of 3 cents per share, which beat the Zacks Consensus Estimate of a penny by 200%. The bottom line declined 50% from the year-ago quarter’s level of 6 cents per share. Total quarterly revenues were $454.76 million, up 36.6% from the year-ago quarter’s figure of $332.88 million. The top line beat the Zacks Consensus Estimate of $396 million by 14.84%. The better-than-expected earnings were driven by the contribution from Pintail, which was acquired during the second quarter of 2025, combined with increased earnings across pressure pumping, downhole tools and coiled tubing operations. The positives were partially offset by the higher cost of revenues, primarily due to the Pintail acquisition and increased expenses driven by higher customer activity. RPC, Inc. price-consensus-eps-surprise-chart | RPC, Inc. Quote Operating profit in the Technical Services segment totaled $15.98 million, higher than the year-ago quarter’s $14 million. The improvement was driven by increased activity in downhole tools. First-quarter 2026 results reflect Pintail’s operating performance. Lower prices and an unfavorable pressure-pumping job mix offset the positives. Operating profit in the Support Services segment amounted to $401 thousand, down from $2.66 million in the year-ago quarter. The segment was mainly affected by lower rental tool activity, driven by lower customer activity. The company’s total operating income in the quarter was $2.62 million compared with $12.39 million in the year-ago quarter. The average domestic rig count declined 6.8% year over year. The average oil price was $70.54 per barrel, down 1.9% year over year. The average natural gas price was $4.81 per thousand cubic feet (Mcf), 16.2% higher than the $4.14 per Mcf recorded in the corresponding period of 2025. In the first quarter, the cost of revenues (excluding depreciation and amortization) increased to $355.58 million from $243.89 million in the prior-year period. Selling, general and administrative expenses amounted to $48.21 million, higher than the year-ago quarter’s $42.5 million. The figure also included acquisition-related employment costs. As of March 31, 2026, RES had cash and ca...

Venture Global Inc. VG recorded first-quarter 2026 earnings per share of 19 cents, which topped the Zacks Consensus Estimate of 13 cents by 46.2%. The bottom line improved 18.7% from the year-ago quarter’s 16 cents per share. Total quarterly revenues of $4.60 billion increased 59% from $2.89 billion in the year-ago quarter. The top line beat the Zacks Consensus Estimate of $4.17 billion by 9.5%. The strong quarterly results can be attributed to higher liquified natural gas (LNG) sales volumes at the Plaquemines Project as commissioning advanced, along with favorable interest rate swaps and reduced development expenses. Lower LNG sales prices, net of feed gas costs at the Calcasieu project and higher interest expenses partially offset the positives. Venture Global, Inc. price-consensus-eps-surprise-chart | Venture Global, Inc. Quote Plaquemines continued to be the key earnings engine during the quarter as the asset advanced through commissioning. The Plaquemines segment generated revenues of $3.39 billion, while income from operations totaled $1.04 billion. Calcasieu segment revenues were $1.09 billion, and income from operations totaled $182 million. The Sales and Shipping segment generated revenues of $818 million and income from operations of $99 million. Income from operations totaled $1.15 billion compared with $1.08 billion in the first quarter of 2025. Adjusted EBITDA in the first quarter was $1.37 billion, up from the year-ago level of $1.35 billion, driven by higher LNG sales volumes, which helped offset pressure from lower LNG sales prices, net of feed gas costs. Net income attributable to common stockholders increased to $488 million from $396 million in the prior-year period. The company attributed the earnings improvement primarily to higher income from operations, along with favorable interest rate swaps and reduced development expense. The positives were partly offset by lower LNG sales prices, net of the cost of feed gas and higher interest expenses. Venture Global exported 130 cargoes in the first quarter, significantly higher than the 63 cargoes in the year-ago period. Total LNG volumes exported were 487.2 trillion British thermal units (TBtu), up from 233.6 TBtu in the year-ago quarter. The cost of sales in the quarter was $2.78 billion, up from the year-ago period’s $1.06 billion, reflecting a sharp increase in LNG volumes moving through t...

Par Pacific Holdings, Inc. PARR reported first-quarter 2026 results on May 5, 2026, after the closing bell. Following the announcement, the company’s share price declined 13% to $60.18 per share. PARR reported adjusted earnings of 78 cents per share, missing the Zacks Consensus Estimate of $1.05 by 25.7%. The bottom line improved from an adjusted loss of 94 cents per share in the year-ago quarter. Quarterly revenues were $1.8 billion, up 4.5% from the year-ago figure of $1.7 million. The top line missed the Zacks Consensus Estimate of $1.9 billion by 5.3%. Management credited stronger market conditions and reliability across the system, while the lower-than-expected quarterly earnings were tied to margin realization dynamics rather than volumes. Par Pacific Holdings, Inc. price-consensus-eps-surprise-chart | Par Pacific Holdings, Inc. Quote Segment revenues for the quarter were $1.8 billion in Refining, $76.8 million in Logistics and $133.1 million in Retail. In the year-ago quarter, the company recorded refining revenues of $1.7 billion, logistics revenues of $71.4 million and retail revenues of $136.4 million. The year-over-year revenue increase reflected stronger product pricing and higher refining volumes. Retail revenues declined due to softer fuel and merchandise trends, while Logistics improved on higher utilization across key assets. Adjusted EBITDA for the reported quarter was $91.5 million, a sharp increase from $10.1 million in the first quarter of 2025. PARR reported net income attributable to stockholders of $54.5 million, or $1.10 per share, against a net loss of $30.4 million or 57 cents per share, in the prior-year quarter. On an adjusted basis, net income attributable to stockholders was $38.5 million against an adjusted net loss of $50.3 million a year ago. The Refining segment produced operating income of $56.3 million against an operating loss of $24.7 million a year earlier. Refining adjusted EBITDA was $69.2 million, supported by higher benchmark indices and improved execution across the footprint. The Hawaii Index averaged $31.11 per barrel compared with $8.13 per barrel a year ago, while Hawaii feedstocks throughput increased to 89.8 thousand barrels per day (Mbpd) from 79.4 Mbpd. Hawaii refined product sales volume was 90.4 Mbpd, higher than the 88.6 Mbpd recorded in the first quarter of 2025. The Hawaii refinery’s adjusted gross mar...

Equinor ASA EQNR reported first-quarter 2026 adjusted earnings per share of $1.48, which topped the Zacks Consensus Estimate of $1.01 by 46.5%. The bottom line increased 124.2% from the year-ago quarter’s 66 cents. Total quarterly revenues of $27.8 billion declined 7% from $29.9 billion in the prior-year quarter. The top line missed the Zacks Consensus Estimate of $28.2 billion by 1.4%. The strong quarterly earnings can be primarily attributed to increased liquids and gas production across major Exploration & Production segments and higher liquid prices. Equinor ASA price-consensus-eps-surprise-chart | Equinor ASA Quote Exploration & Production Norway (E&P Norway) reported adjusted operating income of $7,696 million, up 3% from $7,453 million in the year-ago quarter. The improvement was driven by higher production and strong price realization in the quarter. Increased operating expenses offset the positives. The company’s average daily production of liquids and gas increased 10% to 1,525 thousand barrels of oil equivalent per day (MBoe/d) from 1,390 MBoe/d in the prior-year quarter. The year-over-year increase was driven by new fields, such as Johan Castberg, Halten East and Verdande, and additional wells coming into production. Adjusted operating income of Exploration & Production International (E&P International) was $616 million, up 16% from $531 million in the year-ago quarter. The segment was primarily affected by improved production volumes and higher liquids prices. The first-quarter results include the positive impact of an underlift timing effect and lower operating expenses. However, losses from the equity-accounted joint venture Adura partially offset the positives. The average daily equity production of liquids and gas increased 10% to 339 MBoe/d from 309 MBoe/d in the year-ago quarter. Production improved year over year due to the start-ups of Adura and Bacalhau in late 2025. However, positives were partially offset by the sale of the Peregrino interest, natural decline and operational issues at Roncador. Exploration & Production USA (E&P USA) of Equinor generated an adjusted operating income of $745 million from this segment. The figure increased 45% from $511 million in the first quarter of 2025. The segment was primarily aided by higher natural gas prices and increased gas and liquids production volumes. The integrated firm’s average equity p...

Western Midstream Partners LP WES reported first-quarter 2026 earnings of 85 cents per unit, up 7.6% from 79 cents in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 74 cents by 14.9%. Total quarterly revenues of $1.1 billion topped the Zacks Consensus Estimate of $944.1 million. The top line increased 22.5% from the prior-year level of $917.1 million. The strong quarterly results can be primarily attributed to higher throughputs across its natural gas, crude oil and natural gas liquid (NGL) assets. An increase in total operating expenses partially offset the positives. Western Midstream Partners, LP price-consensus-eps-surprise-chart | Western Midstream Partners, LP Quote Operationally, Western Midstream logged sequential gains across its three core product lines. The throughput attributable to Western Midstream Partners’ natural gas assets totaled 5,209 million cubic feet per day (MMcf/d), up 2% from the prior-year quarter’s figure of 5,110 MMcf/d and up 1% sequentially. The increase was primarily driven by higher volume from the DJ Basin and Chipeta complexes. The commissioning of a new Red Bluff Express receipt point in fourth-quarter 2025 further enhanced throughput volume. However, volume growth from the Powder River Basin and the Mi Vida plant slightly offset the positives. Total throughput for crude oil and NGL assets was 521 thousand barrels per day (MBbls/d) compared with 503 MBbls/d in the first quarter of 2025. The 3% year-over-year increase is due to higher volumes from the partnership’s DBM oil system. Crude oil and NGL throughput increased 3% sequentially, driven by higher volumes from the DBM oil system and the FRP pipeline. Total operated throughput for crude oil and NGLs assets was 429 MBbls/d compared with 411 MBbls/d in the prior-year quarter. Total throughput attributable to WES for produced-water assets was 2,795 MBbls/d, up 140% from 1,166 MBbls/d in the year-ago quarter. The increase was driven by expanded capacity at DBM water systems following the acquisition of Aris. Per management, Delaware Basin growth occurred despite curtailments linked to weak and volatile Waha natural-gas pricing, which it expects to persist through the second quarter amid downstream maintenance. Cost discipline was another key support for the quarter. Total operating expenses for the quarter stood at $662.5 million, higher than the...

Financing structure secured for the Phase-2 Matawinie Mine including committed US$335 million debt package with EDC and CIB; US$213 million private placement with CGF, the Government of Québec via its agent IQ, and Eni; and an oversubscribed bought deal public offering of subscription receipts for gross proceeds of approximately US$96.5 million, which are respectively subject to certain conditions precedents and closing conditions. Phase-2 Matawinie Mine FID to be declared upon closing of the private placements with CGF, IQ and Eni following the shareholders’ approval and the release of the net proceeds from the bought deal public offering. Construction activities initiated at the Matawinie site with integrated project team and contractors mobilized onsite for the start of civil works; key contracts secured covering more than 50% of projected CAPEX within financial estimates. Signature of an LOI with Eni S.p.A. toward commercial discussions for a potential 15,000-tpa graphite concentrate offtake from the Phase-2 Matawinie Mine or equivalent volume of active anode material. Technical development and sustained advancement of a Class 3 AACE Estimate for the 13-ktpa Bécancour Battery Material Plant. Financing modeling and active engagement with targeted financial partners for the 13-ktpa Bécancour Battery Material Plant with a view to reach FID in H2-2026. Active procurement activities to support the construction schedule of the Phase-2 Matawinie Mine and secure key contracts for the 13-ktpa Bécancour Battery Material Plant. Issuance of the 2025 ESG Report with continued leadership in environmental stewardship, stakeholder engagement, human capital, governance, and responsible practices. Operational discipline, with no major environmental incidents, 12-month rolling TRIFR of 2.98 at the Company’s facilities and 0 at the Matawinie construction site. Market conditions strengthening structural demand, with EV adoption driven by energy price shocks, growth in energy storage deployment, and accelerating Western policy coordination reinforcing trade corridors for critical minerals. Period-end cash position of $57.3 million. MONTRÉAL, May 13, 2026--(BUSINESS WIRE)--On the heels of key project financing milestones, Nouveau Monde Graphite Inc. ("NMG" or the "Company") (NYSE: NMG, TSX: NOU) reports progress on the advancement of its development plan and start of construct...

Cenovus Energy Inc. CVE reported first-quarter 2026 adjusted earnings of 61 cents per share, which beat the Zacks Consensus Estimate of 56 cents by 8.9%. The bottom line increased from the year-ago quarter’s figure of 32 cents. Total quarterly revenues of $9 billion missed the Zacks Consensus Estimate of $9.3 billion by 3.2%. The top line declined from the year-ago quarter’s level of $9.3 billion. Strong quarterly earnings were primarily driven by higher total upstream production. A rise in general and administrative expenses, and net foreign exchange (gain) loss, partially offset the positives. Cenovus Energy Inc price-consensus-eps-surprise-chart | Cenovus Energy Inc Quote Cenovus’ Oil Sands segment revenues increased to C$7.8 billion from C$7.0 billion in the year-ago quarter, driven by higher sales volumes. The operating margin from the Oil Sands unit totaled C$3.1 billion, up from C$2.54 billion reported a year ago. Cenovus’ Conventional segment revenues increased to C$1.0 billion from C$924 million in the first quarter of 2025. The operating margin from the Conventional unit totaled C$211 million, reflecting a significant increase from C$173 million recorded in the year-ago quarter. Cenovus’ Offshore segment revenues were C$524 million, higher than the C$426 million recorded in the prior year. The Offshore unit recorded an operating margin of C$402 million, up from C$331 million in the year-ago quarter. In the first quarter, the company recorded Oil Sands crude oil and natural gas liquids production of 772.6 thousand barrels per day (Mbbls/d), an increase from the year-ago quarter’s figure of 624.3 Mbbls/d. Oil Sands natural gas production was 14.4 million cubic feet per day (MMcf/d), higher than the 11.4 MMcf/d recorded a year ago. Oil Sands volumes rose 23.8% to 775.0 thousand barrels of oil equivalent per day (Mboe/d) from 626.2 Mboe/d in the year-ago quarter. The company’s Conventional crude oil and natural gas liquids production was 28.9 Mbbls/d compared with 25.7 Mbbls/d a year ago. Conventional natural gas production was 852 MMcf/d, lower than the 887.9 MMcf/d recorded a year ago. Conventional volumes dipped 1.8% to 121.7 Mboe/d from 123.9 Mboe/d recorded in the first quarter of 2025. The company’s Offshore crude oil and natural gas liquids production was 28.6 Mbbls/d compared with 20.9 Mbbls/d a year ago. Offshore natural gas production was 281...

Sunoco LP SUN reported first-quarter 2026 earnings of $2.85 per unit, up 135.5% from $1.21 a year ago. The bottom line topped the Zacks Consensus Estimate of $1.71 by 66.7%. Total quarterly revenues of $10.7 billion surpassed the Zacks Consensus Estimate of $9.6 billion by 11.4%. The top line increased 106.4% from $5.3 billion reported in the year-ago quarter. The strong quarterly results were driven by higher motor fuel sales volumes and increased motor fuel profit per gallon. Higher operating expenses partially offset the positives. Sunoco LP price-consensus-eps-surprise-chart | Sunoco LP Quote For the first quarter of 2026, the board of directors of Sunoco's general partner declared a distribution of 98.99 cents per unit or $3.9596 on an annualized basis, marking a sequential increase of 6.25% or a 10% increase from the prior-quarter figure of 89.76 cents per unit. The distribution is expected to be paid on May 20, 2026, to unitholders of record as of May 8, 2026. SUN reported net income of $644 million in the first quarter compared with $207 million in the year-ago quarter. Operating income increased to $866 million from $296 million. During the quarter, the partnership’s pre-tax income increased by $102 million or 54 cents per common unit, due to a LIFO liquidation, driven by reduced fuel inventories. Sunoco posts financial results under four reportable segments after the acquisition of Parkland Corporation: Fuel Distribution, Pipeline Systems, Terminals and Refinery. Sunoco’s Fuel Distribution segment remained the earnings engine. Revenues from external customers in the segment were $10.20 billion for the first quarter compared with $4.9 billion in the year-ago period of 2025. Segment adjusted EBITDA was $529 million, higher than the prior-year quarter’s figure of $220 million. The segment sold 3,796 million gallons of motor fuel, up from 2,087 million gallons recorded in the year-ago period. The motor fuel margin per gallon was 17 cents compared with 11.5 cents in the year-ago quarter. Pipeline Systems generated $194 million of revenues from external customers in the quarter, higher than the prior year’s figure of $173 million. Segment adjusted EBITDA improved to $179 million from $172 million a year ago, driven by market demand and improved blending economics. The positives were partly offset by higher expenses. Pipelines throughput was 1,291 thousan...

YPF Sociedad Anónima YPF reported first-quarter 2026 earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 83 cents by 24.1%. The bottom line improved from the year-ago quarter’s figure of 32 cents per share. Total quarterly revenues of $4.9 billion missed the Zacks Consensus Estimate of $5 billion by 2.0%. The top line increased 7.3% from the prior-year level of $4.6 billion. The strong quarterly earnings were driven by increased crude oil production, higher crude oil price realizations and reduced total operating expenses. However, reduced hydrocarbon production and lower natural gas price realizations partially offset the positives. YPF Sociedad Anonima price-consensus-eps-surprise-chart | YPF Sociedad Anonima Quote In the first quarter of 2026, YPF’s total hydrocarbon production was 525 thousand barrels of oil equivalent per day (Mboe/D), down 5% from 552.1 Mboe/D in the corresponding period of 2025. Crude oil production in the reported quarter averaged 271.0 thousand barrels per day (MBbl/D) compared with 269.9 MBbl/D a year ago. The improvement can be primarily attributed to higher shale production, partially offset by lower conventional output. YPF’s natural gas production in the reported quarter decreased 12.2% year over year to 32.8 million cubic meters per day. Gas production was primarily affected by lower conventional gas output from mature fields. Natural gas liquids production was 47.7 MBbl/D compared with 47.3 MBbl/D in the prior-year quarter. The average price realization for crude oil improved 0.8% year over year to $68.4 per barrel. The average natural gas price realization fell 1.7% from the year-ago quarter to $2.9 per million British thermal unit. YPF’s adjusted EBITDA from upstream activities increased 46.8% year over year to $1.1 billion, primarily driven by lower lifting costs and other expenses. In the quarter under review, processed crude volumes reached 344.3 MBbl/D, up 8.3% from 318 MBbl/D in the year-ago quarter. Refineries’ utilization rate in the first quarter was 102%, up from 94% in the prior-year quarter. Adjusted EBITDA, excluding the price effect of oil products on inventories, for the segment was $598 million, improving 9.5% year over year. Operating expenses in the quarter totaled $1.4 billion, down 20.1% from $1.7 billion in the year-ago quarter. Net cash flow provided by operating activities in the qu...

Matador Resources Company (MTDR) reported first-quarter 2026 adjusted earnings of $1.53 per share, down 23.1% from $1.99 a year ago. The bottom line beat the Zacks Consensus Estimate of $1.24 by 23.4%. Total revenues were $671.6 million, down 33.8% from $1,014 million in the year-ago quarter. The top line missed the Zacks Consensus Estimate of $883.3 million by 24.0%. Better-than-expected quarterly earnings were driven by increased total production volumes and slightly lower operating expenses. The positives were partially offset by lower natural gas price realizations. Matador Resources Company price-consensus-eps-surprise-chart | Matador Resources Company Quote Matador Resources is primarily involved in oil and gas exploration and production activities in the United States. The company’s overall financial performance is heavily dependent on the oil and gas pricing environment. Most of MTDR’s production comprises oil (58% of total first-quarter production), making oil prices a major factor in determining the company’s earnings. The average oil production was 120,277 barrels per day (Bbl/D), reflecting a 4.6% increase from the prior-year figure of 115,030. The figure also beat our estimate of 116,217.3 Bbl/D. Natural gas production was recorded at 523.9 million cubic feet per day (MMcf/D), up from 501.6 MMcf/D recorded a year ago. The reported figure came in higher than our estimate of 519.7 MMcf/D. Total oil equivalent production in the first quarter was 207,594 barrels of oil equivalent (BOE/D), reflecting a 4.5% increase from the year-ago quarter’s figure of 198,631 BOE/D. The figure also exceeded our projection of 202,834.8 BOE/D. The company’s production volumes exceeded the midpoint of the guidance range by 3%, primarily due to the sustained outperformance of Matador Resources’ producing wells and those brought into production in the first quarter of 2026. Matador Resources turned 36 net operated wells to production in the quarter, including a large portion in late February and March. A key pressure point in the quarter was natural gas pricing. Matador’s average realized natural gas price, excluding hedging, was 64 cents per thousand cubic feet (Mcf), sharply down from $3.56 per Mcf in the first quarter of 2025. The figure came in lower than our estimate of $2.74 per Mcf. The natural gas price decline was driven by a collapse in Waha prices, which forc...

Chord Energy Corporation CHRD reported first-quarter 2026 adjusted earnings of $4.56 per share, up 12.9% from $4.04 a year ago. The bottom line beat the Zacks Consensus Estimate of $3.35 by 36.1%. Total quarterly revenues increased 4.3% year over year to $1,150.6 million from the prior-year level of $1,103.3 million. The top line beat the Zacks Consensus Estimate of $1,077.4 million by 6.8%. Strong quarterly results were driven by increased production volumes and higher oil price realization and natural gas sales prices. However, lower natural gas liquids sales prices slightly offset the positives. Chord Energy Corporation price-consensus-eps-surprise-chart | Chord Energy Corporation Quote CHRD’s total production in the first quarter of 2026 was 275.6 thousand barrels of oil equivalent per day (MBoe/D), above the 270.9 MBoe/D recorded a year ago. Oil production, accounting for 57.3% of the total production in the quarter, amounted to 158 thousand barrels of oil per day (Mbo/D), higher than 153.7 Mbo/D recorded in the year-ago period. Natural gas liquids production was 49 thousand barrels per day (MBbl/D), marginally higher than 48.1 MBbl/D in the prior-year quarter. Natural gas production was 411.4 million cubic feet per day (MMcf/D), down from 414.5 MMcf/D recorded a year ago. The company had 37 gross (30 net) operated wells turned into line during the quarter, supporting stronger near-term production delivery. Average sales prices for natural gas were approximately $3.14 per Mcf, higher than $2.30 recorded a year ago. The company’s oil price realization in the quarter was $70.05 per barrel (Bbl), higher than $69.11 recorded a year ago. Average sales prices for natural gas liquids were approximately $8.66 per Bbl, lower than $14.18 recorded a year ago. Lease operating expense (LOE) per barrel of oil equivalent was $9.87 per Boe, landing near the midpoint of management’s expected range but higher than the year-ago figure of $9.56. On the income statement, LOE increased to $244.9 million from $233.1 million a year earlier, while gathering, processing and transportation expense declined to $67.0 million from $73.3 million. Purchased oil and gas expenses were $509.8 million, up sharply from the prior-year figure of $111.4 million. Depreciation, depletion and amortization rose to $384.2 million from the prior year figure of $349.8 million, reflecting a larger as...