PBF

It has been about a month since the last earnings report for Marathon Petroleum (MPC). Shares have added about 30% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Marathon Petroleum due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. Marathon Petroleum reported second-quarter 2026 earnings of $17.73 per share, which beat the Zacks Consensus Estimate of $14.52 by 22.1%. Earnings per share also surged 347.7% from the year-ago level of $3.96 per share, primarily reflecting significantly stronger Refining & Marketing performance. Findlay, OH-based Marathon Petroleum reported revenues and other income of $52.34 billion, up 53.5% year over year and above the Zacks Consensus Estimate of $34.83 billion by 50.3%. Refining & Marketing margin rose sharply to $36.33 per barrel from $17.58 a year ago, and also beat our consensus mark by 11.17% Refining & Marketing (R&M): This segment reported adjusted EBITDA of $6.66 billion, up significantly from $1.89 billion in the year-ago quarter, and the reported figure was also 14.75% above our consensus estimate. The improvement primarily reflected higher crack spreads across all regions. Adjusted EBITDA per barrel increased to $24.84 from $6.79 a year earlier. Midstream: This unit mainly reflects Marathon Petroleum’s general partner and majority limited partner interests in MPLX LP — a publicly traded master limited partnership that owns, operates, develops and acquires pipelines and other midstream assets. Segment adjusted EBITDA was $1.78 billion, up 8.3% from $1.64 billion in the second quarter of 2025, and the reported figure was also 5.51% above our consensus estimate. This increase was primarily driven by higher rates and throughputs, including contributions from equity affiliates and acquisitions, partly offset by the divestiture of non-core gathering and processing assets. Renewable Diesel: The Renewable Diesel segment reported adjusted EBITDA of $258 million against a loss of $19 million in the corresponding period of 2025, and the reported figure was also 186.45% above our consensus estimate. The improvement reflected a stronger margin environment, higher throughputs and improved regulatory credit values. Renewable Diesel margin increased to $321 million from $49 million a year ago. Following the completion of the Martinez turnaround in the first quarter, utilization reached 95% in the reported quarter. Management also highlighted feedstock optimization as a contributor to the segment's performance. Crude capacity utilization during the quarter was 94% compared with 97% in the year-ago period. Net refinery throughput was 2,944 thousand barrels per day (mbpd), down from 3,060 mbpd a year earlier. However, refined product sales volumes increased slightly to 3,842 mbpd from 3,835 mbpd. MPC achieved Refining & Marketing margin capture of 112%. Management attributed the strong capture to crude sourcing and optimization, inventory discipline, favorable clean-product margins and higher jet production. Refining operating costs increased to $5.72 per barrel from $5.34, while planned turnaround costs totaled $275 million compared with $250 million a year ago. Marathon Petroleum reported total costs and expenses of $45.02 billion in the second quarter of 2026 compared with $31.90 billion in the year-ago period. Capital expenditures and investments totaled $1.39 billion, up from $1.07 billion a year earlier, with $1.02 billion directed toward the Midstream segment. As of June 30, 2026, the company had cash and cash equivalents of $7.77 billion and total consolidated debt of $32.82 billion, with a debt-to-capitalization of 56.1%. MPC returned more than $2.8 billion of capital to its shareholders during the quarter, including $2.53 billion in share repurchases. The company had $6.1 billion remaining under its share repurchase authorizations. MPC's 2026 capital spending outlook, excluding MPLX, remains $1.5 billion. Approximately 65% of the planned spending is focused on value-enhancing investments, while the remaining 35% is allocated to sustaining operations. During the second quarter, the El Paso yield improvement and Robinson product flexibility investments were placed in service. The Robinson project enables approximately 10,000 barrels per day of incremental jet fuel production, while the El Paso investment enhances the refinery's ability to produce specialty gasoline for key markets. For the third quarter of 2026, MPC expects crude oil throughput of 2,820 mbpd and total refinery throughput of 3,005 mbpd. Refinery utilization is projected at 94%. The company expects refining operating costs of $5.60 per barrel, distribution costs of $1.65 billion and planned turnaround costs of $290 million. Corporate expenses are projected at $260 million, including approximately $30 million of depreciation and amortization. In the past month, investors have witnessed a flat trend in estimates revision. Currently, Marathon Petroleum has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with a C. However, the stock has a grade of A on the value side, putting it in the top 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of A. If you aren't focused on one strategy, this score is the one you should be interested in. Marathon Petroleum has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months. Marathon Petroleum belongs to the Zacks Oil and Gas - Refining and Marketing industry. Another stock from the same industry, PBF Energy (PBF), has gained 23.4% over the past month. More than a month has passed since the company reported results for the quarter ended June 2026. PBF Energy reported revenues of $11.68 billion in the last reported quarter, representing a year-over-year change of +56.2%. EPS of $6.22 for the same period compares with -$1.03 a year ago. For the current quarter, PBF Energy is expected to post earnings of $6.84 per share, indicating a change of +1415.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days. PBF Energy has a Zacks Rank #1 (Strong Buy) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of A. 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 Marathon Petroleum Corporation (MPC) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

YPF Sociedad Anónima YPF reported second-quarter 2026 earnings of $3.07 per share, beating the Zacks Consensus Estimate of $2.84 per share by 8.1%. The bottom line increased from 13 cents per share reported a year earlier. Revenues of $6.57 billion topped the consensus estimate of $6.05 billion by 8.2%. The top line increased 41.7% from $4.64 billion a year ago. The strong quarterly results were driven by higher oil pricing, shale growth and record refinery throughput. Shale oil production increased 46.6% to 212.7 thousand barrels per day (MBbl/d), while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) reached a record $2.80 billion. YPF Sociedad Anonima price-consensus-eps-surprise-chart | YPF Sociedad Anonima Quote Total hydrocarbon production averaged 544.4 thousand barrels of oil equivalent per day, nearly flat year over year. Crude oil production increased 7.1% to 265.5 MBbl/d despite a continued decline in conventional production. Shale oil remained the key growth engine, accounting for 80% of total crude production. Natural gas production declined 6.2% to 37.3 million cubic meters per day (Mm3/d) from 39.7 Mm3/d a year earlier, while natural gas liquids output decreased 7.1% to 44.6 MBbl/d from 48 MBbl/d in the prior-year quarter. The average crude oil realization increased 53.2% to $91.10 per barrel from $59.50 per barrel recorded in the year-ago quarter. The natural gas realization improved 3.1% to $4.20 per million British thermal units (MMBtu) from $4.10 per MMBtu in the second quarter of 2025. Upstream revenues increased 44.6% to $2.74 billion from $1.89 billion in the year-ago quarter. Adjusted EBITDA for the business more than doubled to $1.72 billion. Midstream and downstream revenues improved 51.4% to $5.68 billion. Refined-product sales volumes to third parties increased 12.5% to 5,193 thousand cubic meters (Km3) from 4,614 Km3 in the prior-year quarter. Crude processing reached a record 350.8 MBbl/d, up 16.4%, while refinery utilization increased to 103.8% from 89.2%. Adjusted EBITDA excluding inventory price effects rose 106.8% to $967 million, with refining and marketing adjusted EBITDA reaching $23.20 per barrel. Total operating expenses were $1.47 billion, down 4% from $1.53 billion a year earlier. Lifting costs decreased 31.4% to $8.40 per barrel of oil equivalent. Operating income surged to $1.81 billion from $412 million a year earlier. Adjusted EBITDA increased 149.5% to $2.80 billion, while the adjusted EBITDA margin improved to 43%, its strongest level in the past two decades. Free cash flow totaled $824 million despite capital expenditures of $1.34 billion, which increased 16%. The company allocated 77% of quarterly investments to unconventional operations, reflecting its continued focus on shale development. As of June 30, 2026, cash and short-term investments were $2.47 billion. Net debt totaled $7.65 billion, while the net leverage ratio was 1.09X. YPF raised its 2026 adjusted EBITDA guidance to around $8 billion from approximately $6 billion, based partly on an assumed Brent price of $75 per barrel for the second half. The company raised its full-year capital expenditure guidance in the range of $5.8-$6.2 billion, with roughly 70% directed toward shale operations. Management expects average shale oil production to be around 215 MBbl/d in 2026 and an exit rate of approximately 250 MBbl/d. YPF projects free cash flow to be around $2 billion and expects year-end net leverage to approach 1X. YPF currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, HF Sinclair Corporation DINO and Cactus, Inc. WHD. PBF and DINO sport a Zacks Rank #1 (Strong Buy) each, while WHD carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. HF Sinclair reported second-quarter 2026 adjusted earnings of $5.31 per share, topping the Zacks Consensus Estimate of $4.39 per share. As of June 30, 2026, DINO had total debt of $2.77 billion, and cash and cash equivalents of $2.26 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 YPF Sociedad Anonima (YPF) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Venture Global, Inc. VG reported second-quarter 2026 earnings of 51 cents per share, beating the Zacks Consensus Estimate of 49 cents by 4.08%. The bottom line skyrocketed 264.3% from 14 cents in the year-ago quarter. Quarterly revenues rose 47.6% year over year to $4.58 billion and topped the Zacks Consensus Estimate of $4.50 billion by 1.64%. Higher LNG sales volumes, led by Plaquemines commissioning, and stronger LNG sales prices net of feed gas costs drove the results. Venture Global exported 127 cargoes during the quarter. A Venture Global, Inc. price-consensus-eps-surprise-chart | Venture Global, Inc. Quote LNG volumes sold increased 41.7% year over year to 466.4 trillion British thermal units, or TBtu, from 329.2 TBtu. Exported LNG volumes rose 44.6% to 478.3 TBtu from 330.8 TBtu. Plaquemines accounted for 90 cargoes, while Calcasieu Pass contributed 37. The company also exported its 1,000th cargo across its projects, reaching the milestone about four years after its first export. Income from operations climbed 110.8% year over year to $2.19 billion from $1.04 billion. Consolidated adjusted EBITDA increased 78.8% to $2.49 billion from $1.39 billion, with the EBITDA margin reaching 54%. Net income attributable to common stockholders was $1.35 billion compared with $368 million a year earlier. Higher sales volumes and better LNG sales prices net of feed gas costs were the primary contributors to the EBITDA increase. Cost of sales increased to $1.66 billion from $1.42 billion as LNG volumes rose. Operating and maintenance expenses advanced to $335 million from $217 million, reflecting increased commissioning work at Plaquemines and a larger fleet of Venture Global-owned ships in operation. General and administrative expenses were $112 million compared with $103 million a year ago. Development expenses fell to $23 million from $57 million, while depreciation and amortization declined to $260 million from $267 million. Total operating expenses were $2.39 billion versus $2.06 billion. Plaquemines remains in the final stages of construction, commissioning and assurance testing ahead of Phase 1 commercial operations. Venture Global continues to target Phase 1 commercial operations in the fourth quarter of 2026 and Phase 2 in mid-2027. CP2 remains on schedule for first LNG in the second half of 2027. The project had 16 liquefaction modules on site, roofs raised on all four LNG storage tanks, and five gas and steam turbines on foundations. Engineering was 100% complete and procurement stood at 79%. Venture Globalraised its 2026 consolidated adjusted EBITDA guidance to $8.70-$9.10 billion from $8.20-$8.50 billion. The updated range assumes a fixed liquefaction fee of $12.50-$13.50 per million British thermal units (MMBtu) for remaining unsold cargoes. A $1 per MMBtu change in the fee is expected to move full-year adjusted EBITDA by $180-$210 million. The company expects 500-518 cargoes in 2026, including 149-154 from Calcasieu Pass and 351-364 from Plaquemines. As of Aug. 11, 91% of expected 2026 cargoes were contracted at a weighted-average liquefaction fee of $5.05 per MMBtu, while 75% of expected 2027 cargoes were contracted. Cash and restricted cash totaled $4.60 billion as of June 30, 2026, while total assets reached $61.52 billion. The company also had a $2-billion corporate revolving credit facility that remained undrawn and fully available. Venture Global refinanced $5.30 billion of capital since the start of the second quarter, generating more than $100 million of expected annual interest and coupon savings. The board raised the quarterly dividend 122% to 4 cents per share, payable Sept. 30, to shareholders of record as of Sept. 15. Venture Global currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, HF Sinclair Corporation DINO and Cactus, Inc. WHD. PBF and DINO sport a Zacks Rank #1 (Strong Buy) at present, and WHD carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. HF Sinclair reported second-quarter 2026 adjusted earnings of $5.31 per share, topping the Zacks Consensus Estimate of $4.39. As of June 30, 2026, DINO had total debt of $2.77 billion, and cash and cash equivalents of $2.26 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 Venture Global, Inc. (VG) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Cheniere Energy Partners, L.P. CQP reported second-quarter 2026 earnings per unit of $1.10, beating the Zacks Consensus Estimate of 95 cents by 15.79%. The bottom line increased from 91 cents reported a year earlier. Following the earnings announcement on Aug. 6, 2026, CQP units are up 5% to $66.58 per unit from $63.33 per unit. Revenues of $2.6 billion increased 5.2% from $2.5 billion a year ago. The top line missed the consensus mark of $2.7 billion by 3.70%. The strong quarterly earnings benefited from higher total margins per million British thermal units (MMBtu) of liquefied natural gas (LNG) delivered, primarily due to increased volumes recognized in income. CQP exported 108 LNG cargoes, up from 98 a year earlier, while exported volumes increased 12.5% to 396 trillion British thermal units (TBtu). Cheniere Energy Partners, L.P. price-consensus-eps-surprise-chart | Cheniere Energy Partners, L.P. Quote LNG revenues increased 2.4% to $1.90 billion from $1.86 billion. LNG revenues from affiliates rose 14.9% to $631 million from $549 million. Regasification revenues were unchanged at $34 million, while other revenues edged up to $16 million from $15 million. The partnership loaded and recognized 396 TBtu of LNG during the quarter compared with 351 TBtu in the prior-year period, representing growth of 12.8%. The higher throughput allowed CQP to handle more volume and capture better LNG profit margins. Net income increased to $1.16 billion from $553 million in the year-ago quarter. The increase primarily reflected higher LNG margins and approximately $367 million of favorable variances from changes in the fair value of derivative instruments, including long-term Integrated Production Marketing agreements. Reported basic and net income per common unit rose to $2.14 from 91 cents. Changes in commodity derivative values can create sizable non-cash swings in reported earnings, making operating measures useful for assessing the underlying performance of the LNG business. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 35.4% to $983 million from $726 million. Management attributed the increase primarily to higher total margins per MMBtu of LNG delivered, driven by greater volumes recognized in income. Total operating costs and expenses declined to $1.24 billion from $1.74 billion. Cost of sales fell to $765 million from $1.20 billion, while operating and maintenance expense decreased to $230 million from $289 million. Income from operations consequently increased to $1.34 billion from $715 million. CQP ended June with $443 million in cash and cash equivalents and $23 million in restricted cash. Available commitments under its credit facilities totaled $1.87 billion, giving the partnership total available liquidity of $2.34 billion. For the six months ended June 30, 2026, net cash provided by operating activities increased to $1.61 billion from $1.22 billion a year earlier. Investing activities used $299 million, including $297 million for property, plant and equipment, while financing activities used $1.05 billion. The partnership declared a second-quarter cash distribution of 82 cents per common unit, comprising a 77.5-cent base amount and a 4.5-cent variable component. Cheniere reconfirmed its 2026 distribution guidance in the range of $3.10-$3.40 per common unit, including a base distribution of $3.10. CQP is advancing the Sabine Pass LNG Expansion Project. In May, Sabine Pass Liquefaction Stage V entered into an engineering, procurement and construction contract with Bechtel for the first phase and authorized early engineering and procurement. The initial phase includes Train 7 and a boil-off gas re-liquefaction unit, with an expected production capacity of more than 6 million tons per annum, including estimated debottlenecking opportunities. Cheniere currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, HF Sinclair Corporation DINO and Cactus, Inc. WHD. PBF and DINO sport a Zacks Rank #1 (Strong Buy) each, while WHD carries a Zacks Rank #2 (Buy), at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. HF Sinclair reported second-quarter 2026 adjusted earnings of $5.31 per share, topping the Zacks Consensus Estimate of $4.39 per share. As of June 30, 2026, DINO had total debt of $2.77 billion, and cash and cash equivalents of $2.26 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 Cheniere Energy Partners, L.P. (CQP) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Chord Energy Corporation CHRD reported second-quarter 2026 adjusted earnings of $6.44 per share, up 259.8% from $1.79 a year ago. The bottom line missed the Zacks Consensus Estimate of $6.68 by 3.6%. Total quarterly revenues rose 57.2% to $1.5 billion from $950.3 million. The top line beat the Zacks Consensus Estimate of $1.4 billion by 4.2%. The strong quarterly revenues were driven by higher oil output, and stronger oil and natural gas liquids (NGL) realizations. Total production reached 286.4 thousand barrels of oil equivalent per day (MBoe/d). Chord Energy Corporation price-consensus-eps-surprise-chart | Chord Energy Corporation Quote CHRD's oil production was 165.4 thousand barrels per day (MBbl/d), up 5.6% from 156.7 MBbl/d in the year-ago quarter. Oil represented 57.8% of total production, compared with 55.6% a year earlier. Natural gas liquids production fell 2.0% to 53 thousand barrels per day (MBbl/d) from 54.1 MBbl/d recorded in the prior-year quarter. Natural gas production declined 4.2% to 408 million cubic feet per day (MMcf/d) from 425.9 MMcf/d in the second quarter of 2025. The company had 66 gross and 47 net operated wells turned in line during the quarter. Chord's average oil sales price, excluding realized derivatives, increased 52.5% to $93.99 per barrel from $61.62 per barrel a year earlier. The average NGL sales price, excluding realized derivatives, increased 59.5% to $9.25 per barrel from $5.80 per barrel in the year-ago quarter. Crude oil revenues rose to $1.42 billion, while NGL revenues increased to $44.6 million and natural gas revenues fell to $34.7 million. Lease operating expense (LOE) increased to $267.8 million from $257.0 million a year ago, while LOE per barrel of oil equivalent rose to $10.28 from $10.02. Production taxes rose to $125.9 million from $69.0 million. Gathering, processing and transportation expense declined to $62.8 million from $74.1 million. Depreciation, depletion and amortization increased to $409.2 million from $377.0 million. Total select operating expenses were $865.7 million, up from $777.1 million. Net cash provided by operating activities reached $1.12 billion, up from $419.8 million a year ago. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to $923.5 million from $547.2 million, while adjusted free cash flow increased to $413.4 million from $140.8 million. CHRD returned 54% of adjusted free cash flow to shareholders in the quarter. It repurchased 1,104,346 shares for $147.4 million and declared a base dividend of $1.30 per share. As of June 30, 2026, Chord had cash and cash equivalents of $611.6 million, while total debt was $1.50 billion and liquidity was $2.58 billion. Chord maintained its full-year 2026 oil-volume midpoint at 161 MBbl/d, with guidance to be in the range of 160.2-161.8 MBbl/d. Total production is projected to be in the range of 278.2-281.8 MBoe/d, while capital expenditures are expected to be between $1.36 billion and $1.44 billion. For the third quarter, oil volumes are expected to be in the range of 161.5-164.5 Mbo/d and capital spending between $360 million and $390 million. Chord raised the full-year LOE midpoint to $10.30 per barrel of oil equivalent (Boe), reflecting additional production-enhancement initiatives, higher workover costs and higher non-operated LOE. The company expects about $3.0 billion of adjusted EBITDA and $1.3 billion of adjusted free cash flow for 2026, assuming $75 WTI and $3 Henry Hub in the second half. Chord currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, Valero Energy Corporation VLO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy), while VLO and WHD carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. Valero reported second-quarter 2026 adjusted earnings of $12.54 per share, which beat the Zacks Consensus Estimate of $9.87 per share. As of June 30, 2026, VLO had total debt of $9.10 billion, and cash and cash equivalents of $7.87 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 Chord Energy Corporation (CHRD) : Free Stock Analysis Report Valero Energy Corporation (VLO) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Find your next quality investment with Simply Wall St's easy and powerful screener, trusted by over 7 million individual investors worldwide. PBF Energy (NYSE:PBF) reported a significant year-on-year improvement in unaudited production and operating performance for the second quarter of 2026. The company also reported stronger unaudited production and throughput for the first six months of 2026 compared with the same period a year earlier. Management highlighted the operational results as reflecting solid execution and business momentum across PBF Energy's refining operations. These production gains at PBF Energy sit within a broader move by investors toward companies with clear operating momentum and income potential. This context makes it worth comparing this stock with the ideas in 8 dividend fortresses PBF Energy sits within the US refining sector, so its results often move with shifts in fuel demand and crack spreads. The stock has been volatile recently, with the share price at $61.71 and down 14.6% over the past week. See which insiders are buying and buying and selling PBF Energy following this latest news. For investors, the latest production and earnings update from PBF Energy reinforces the existing catalyst that this company has strong leverage to refining margins when plants run well. Higher second quarter and first half 2026 throughput, a swing from a net loss to net income of $906.4 million for the quarter and $1,104.7 million for the half year, and an ongoing quarterly dividend of $0.275 per share all point to management using current conditions to generate cash and return some of it to shareholders. At the same time, this performance raises expectations around the earlier thesis that operational risks and refinery reliability, including sites like Martinez, could pressure free cash flow if they slip. For this news to really matter to the longer term PBF Energy story, investors will want to see whether higher throughput holds close to the guided 900,000 to 960,000 barrels per day in the third quarter of 2026 and how that flows into cash generation after maintenance and regulatory spend. The next concrete checkpoints are upcoming quarterly results through late 2026, where you can compare realized throughput and earnings against these targets, along with any updates on refinery downtime or cost overruns. For the full picture including more risks and rewards, check out the complete PBF Energy analysis. Alternatively, you can check out the community page for PBF Energy to see how other investors believe this latest news will impact the company's narrative. Do you think there's more to the story for PBF Energy? Head over to our Community to see what others are saying! This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PBF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Matador Resources Company MTDR reported second-quarter 2026 adjusted earnings of $2.61 per share, up 70.6% from $1.53 per share a year ago. The bottom line beat the Zacks Consensus Estimate of $2.05 per share by 27.3%. Total revenues increased 32.5% to $1.2 billion from $895.3 million a year earlier. The top line surpassed the Zacks Consensus Estimate of $942.7 million by 25.8%. The strong quarterly results were driven by record oil production and higher realized oil prices. Total production averaged 215,631 barrels of oil equivalent per day (Boe/d), up 3% from 209,013 Boe/d recorded for the second quarter of 2025. Matador Resources Company price-consensus-eps-surprise-chart | Matador Resources Company Quote MTDR produced a record 126,106 barrels of oil per day (Bbl/d), up 3% from 122,875 Bbl/d in the year-ago quarter. Oil production exceeded management's guidance range of 123,000-125,000 Bbl/d. Natural gas production increased 4% to 537.1 million cubic feet per day (MMcf/d) from 516.8 MMcf/d recorded in the second quarter of 2025. The production outperformance was primarily driven by stronger-than-expected new wells brought online during the first half, including the company's first 3.4-mile lateral wells on the Guss pad. Matador achieved the results despite about 9,900 barrels of oil equivalent per day (Boe/d) of shut-ins related to weak Waha pricing and third-party plant maintenance. Matador's average realized oil price, excluding derivatives, increased 53% to $98.16 per barrel from $64.34 per barrel. The stronger oil realization, combined with higher oil volumes, provided a significant lift to upstream revenues. Natural gas remained a pressure point. Average realized natural gas prices excluding derivatives were negative 79 cents per thousand cubic feet (Mcf) compared with $2.05 per Mcf a year earlier. Oil and natural gas revenues rose to $1.09 billion from $815.8 million in the prior-year quarter. Total operating expenses were $32.90 per barrel of oil equivalent (Boe) compared with $29.91 per Boe in the prior-year period. The increase included higher midstream operating costs of $3.09 per Boe, taxes other than income of $5.24 per Boe and general and administrative expenses of $2.10 per Boe. Lease operating expenses were $5.45 per Boe, below management's expectation of $5.60 due mainly to lower repair and maintenance costs. Depletion, depreciation and amortization were $16.06 per Boe, above the expected $15.65, largely because of proved undeveloped reserves booked from the May federal lease sale. Matador's combined midstream operations generated adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $89.9 million. San Mateo's natural gas gathering volumes increased 18% year over year to 577 MMcf/D, while natural gas processing volumes rose 14% to 552 MMcf/D. The company advanced several strategic transactions. The federal lease purchase added more than 141 net operated locations, while the pending Paloma acquisition adds more than 156. Ridge Runner is expected to expand Matador's Woodford position to about 50,000 net acres and add roughly 150 net operated locations. Net cash provided by operating activities totaled $937.1 million, up from $501.0 million a year ago. Adjusted EBITDA increased to $781.0 million from $594.2 million, while adjusted free cash flow surged to $303.2 million from $132.7 million. The strong cash generation enabled Matador to repay more than $200 million of borrowings associated with the May federal lease acquisition. Management expects full-year 2026 adjusted free cash flow of approximately $900 million and continues to prioritize debt repayment. As of June 30, 2026, Matador had cash and restricted cash of $90.9 million and long-term debt of $5.7 billion. Matador raised its 2026 oil production guidance to a range of 127,500-129,000 Bbl/d from 123,000-125,000 Bbl/d. Total production guidance increased to 218,500-223,500 Boe/d from 210,500-216,000 Boe/d. For the third quarter, the company expects total production to be in the range of 222,000-226,000 Boe/d and oil output to be between 128,500 and 130,500 Bbl/d. Full-year total capital spending is projected at $1.625-$1.725 billion, reflecting accelerated activity and spending tied to recent acquisitions and midstream integration. Matador currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, Valero Energy Corporation VLO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy), while VLO and WHD carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. Valero reported second-quarter 2026 adjusted earnings of $12.54 per share, which beat the Zacks Consensus Estimate of $9.87 per share. As of June 30, 2026, VLO had total debt of $9.10 billion, and cash and cash equivalents of $7.87 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 Matador Resources Company (MTDR) : Free Stock Analysis Report Valero Energy Corporation (VLO) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. PBF Energy stock has delivered a very large 5 year return, yet the latest valuation checks still suggest the shares lean cheap despite a sharp pullback over the past week and a strong run over the past year. PBF Energy has returned about 7x over 5 years, which puts recent short term swings into the context of a very strong longer term move that investors now need to reassess against fundamentals. Progress on refinery operations and capital allocation, including debt reduction and ongoing dividends, can support the case for the current price, while exposure to refining margins and operational risk may still weigh on what investors are willing to pay for the stock. PBF Energy scores highly on Simply Wall St's valuation checks, with 5 of 6 indicators suggesting the shares screen as undervalued rather than fully priced. The issue now is whether the recent share price level around US$61.71 still provides enough valuation support after such a strong multi year return. PBF Energy delivered 189.9% returns over the last year. See how this stacks up to the rest of the Oil and Gas industry. The P/E ratio suits PBF Energy because earnings are a key driver of how investors usually look at refiners. On this measure, PBF Energy trades on a P/E of about 5.4x, which is well below the Oil and Gas industry average of 13.1x and also below the broader peer group average of 20.7x. That puts current pricing at a clear discount to many listed energy companies that investors might compare it with. The fair P/E ratio implied by Simply Wall St's model is 8.9x, based on factors such as the company’s risk profile and earnings characteristics. In comparison, the actual 5.4x multiple sits meaningfully lower, which indicates that the stock screens as undervalued on this earnings measure. Despite the recent strong second quarter 2026 results and the declared dividend, the current valuation still prices PBF Energy below what this framework suggests as a more typical P/E level. On the P/E multiple, PBF Energy stock appears undervalued relative to both its fair ratio and the wider Oil and Gas industry. See what the numbers say about this price — find out in our valuation breakdown. Simply Wall St Narratives for PBF Energy pick up where the P/E discussion leaves off and explain what future growth, margins and earnings would need to look like for PBF Energy's stock to trade materially above or below the current share price. Rather than relying on a single multiple or model output, each narrative sets out the assumptions behind its fair value so you can compare them with actual results as they are reported. One of the top community narratives on PBF Energy: 61% overvalued Read one of the top narratives on PBF Energy Do you think there's more to the story for PBF Energy? Head over to our Community to see what others are saying! PBF Energy screens as undervalued on its current earnings multiple, even after a very strong 5 year return. The valuation case now rests on whether earnings and margins can hold at levels that make a re rating in the P/E more likely than a derating. The key question for you is whether the discount reflects an opportunity or if the market is correctly pricing in refining margin and operational risks that could limit how far the multiple can move. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include PBF. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Archrock, Inc. AROC reported second-quarter 2026 adjusted earnings of 38 cents per share, down 2.6% from 39 cents per share a year earlier. The bottom line missed the Zacks Consensus Estimate of 46 cents by 17.4%. Revenues of $371.2 million declined 3.1% from $383.2 million a year ago. The top line missed the consensus mark of $390.4 million by 4.9%. The weak quarterly results were primarily due to softness in aftermarket services (AMS), which offset solid contract operations performance. Period-end horsepower utilization remained high at 94.4%, while contract operations adjusted gross margin percentage improved from the year-ago period. Archrock, Inc. price-consensus-eps-surprise-chart | Archrock, Inc. Quote Contract operations revenues rose 3.4% to $329.3 million from $318.3 million. The increase reflected higher rates, an additional month of contribution from the NGCS acquisition and revenues from horsepower additions, partly offset by active horsepower sales used to high-grade the fleet. Contract operations adjusted gross margin increased 5.6% to $234.6 million, while the adjusted gross margin percentage rose to 71% from 70%. Total operating horsepower ended the quarter at 4.5 million compared with 4.7 million a year earlier, with the decline largely driven by the sale of approximately 165,000 non-strategic operating horsepower. Aftermarket services revenues fell 35.2% to $42 million from $64.8 million in the second quarter of 2025. The decline was due to lower parts sales, the absence of non-recurring overhauled-engine sales that benefited the prior-year quarter and reduced demand for major maintenance activity. The adjusted gross margin for the segment declined 33.6% to $9.9 million from $14.9 million. However, the adjusted gross margin percentage improved to 24% from 23%, reflecting disciplined execution and a focus on higher-quality, higher-margin work. Total adjusted gross margin increased to $244.5 million from $237.1 million a year ago. The adjusted gross margin percentage expanded to 66% from 62%, helped by the stronger profitability of contract operations and the improved margin rate in aftermarket services. Selling, general and administrative expenses rose 9.4% to $39.6 million from $36.2 million. Higher long-term incentive compensation, primarily driven by the stock price increase, was a key factor. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) remained flat at $212.6 million compared with $212.7 million in the prior-year quarter. Net cash provided by operating activities was $160.8 million in the quarter. The adjusted free cash flow totaled $67 million, while adjusted free cash flow after dividends was $28.4 million. The total capital expenditure was$98.0 million. The board raised the quarterly dividend around 10% to 23 cents per share from 21 cents a year earlier. Dividend coverage was 3.1X, supporting the company's continued emphasis on shareholder returns alongside growth investment. As of June 30, 2026, AROC’s long-term debt was $2.35 billion, while the leverage ratio improved to 2.6X from 3.3X a year ago. Available liquidity totaled $631 million at the quarter-end. During the quarter, Archrock redeemed $800 million of 6.25% senior notes due 2028 using borrowings under its revolving credit facility. The company ended June with $113.2 million in remaining share repurchase authorization and did not repurchase shares during the quarter. Archrock tightened its 2026 adjusted EBITDA guidance to $865-$885 million from $865-$915 million. The revision reflects higher contract compression make-ready costs, anticipated second-half lube oil cost pressure, softer aftermarket services demand and higher selling, general and administrative costs tied to long-term incentive compensation. The company maintained 2026 growth capital spending guidance of $250-$275 million and expects the total capital expenditure between $400 million and $445 million. Archrock introduced cumulative growth capital guidance of $1.4-$1.6 billion for 2027-2030, aimed at adding 1 million horsepower to meet expected demand. The company signed an eight-year agreement with a strategic customer covering approximately 665,000 horsepower, with a two-year extension option. Archrock currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, Valero Energy Corporation VLO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy), and VLO and WHD carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. Valero reported second-quarter 2026 adjusted earnings of $12.54 per share, which beat the Zacks Consensus Estimate of $9.87. As of June 30, 2026, VLO had total debt of $9.10 billion, and cash and cash equivalents of $7.87 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 Archrock, Inc. (AROC) : Free Stock Analysis Report Valero Energy Corporation (VLO) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

W&T Offshore, Inc. WTI reported second-quarter 2026 adjusted earnings of 2 cents per share, improving from an adjusted loss of 8 cents per share a year ago. The bottom line beat the Zacks Consensus Estimate of break-even earnings by 2 cents. Revenues of $162.62 million beat the consensus mark of $151.55 million by 7.3%. The top line rose 32.9% from $122.37 million a year earlier. The strong quarterly results were driven by higher realized prices and disciplined operating costs. Average production was 34.7 thousand barrels of oil equivalent per day (MBoe/d), up 3% at the midpoint of guidance. MPLX LP price-consensus-eps-surprise-chart | MPLX LP Quote Before derivative settlements, W&T Offshore's average realized sales price rose 28% to $50.23 per barrel of oil equivalent (Boe) from $39.16 per Boe recorded in the prior-year quarter. Oil pricing was the standout, increasing 56% to $99.30 per barrel from $63.55 per barrel in the year-ago quarter. Natural gas realized prices were $3.31 per thousand cubic feet (Mcf), down 12% from $3.75 per Mcf in the year-ago quarter, while natural gas liquids (NGL) pricing declined 5% to $18.35 per barrel from $19.24 per barrel in the second quarter of 2025. Oil revenues increased to $120.45 million from $80.01 million a year earlier, while natural gas revenues declined to $32.09 million from $34.80 million. Total sales volumes were 3,157 thousand barrels of oil equivalent (Mboe), up 3% from 3,052 MBoe in the prior-year period. Oil volumes declined 4% to 1,213 thousand barrels (MBbls), while NGL volumes increased 34% to 329 MBbls and natural gas volumes rose 4% to 9,689 million cubic feet (MMcf). Liquids accounted for 49% of second-quarter production. W&T Offshore completed three workovers and one recompletion during the quarter, and management plans to continue using these low-cost, short-payout projects to support production and revenues. Lease operating expenses (LOE) were $71.56 million, down 7% and below the low end of guidance. On a unit basis, LOE decreased 10% to $22.67 per Boe. Some facility and workover spending was deferred into the third quarter. Gathering, transportation and production taxes were $6.57 million, up 19% but below the low end of guidance. The company attributed the favorable guidance comparison to the Williams Mobile Bay Gas Processing Facility being offline for planned maintenance during April while natural gas volumes bypassed the plant. Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose 54% to $54.41 million from $35.24 million a year ago. Adjusted net income was $3.53 million against an adjusted net loss of $11.80 million in the prior-year quarter. Adjusted general and administrative expenses were $16.45 million, up 11%. Reported G&A rose to $27.51 million, reflecting higher non-cash share-based compensation tied to the quarter-end valuation of certain awards. Free cash flow increased to $31.38 million from $3.58 million a year earlier. Capital expenditures totaled $10.36 million. As of June 30, 2026, WTI had $150.68 million of unrestricted cash and cash equivalents and $194.10 million of total available liquidity. Net debt totaled $200.90 million and net debt to trailing 12-month Adjusted EBITDA was 1.2X. The company declared a third-quarter dividend of 1 cent per share. For the third quarter of 2026, W&T Offshore expects average daily production to be in the range of 33.3-36.8 MBoe/d. Full-year production guidance remains in the range of 33.5-37.2 MBoe/d. Third-quarter LOE is projected to be between $73 million and $81 million. The increase reflects about $3 million of facility and workover projects deferred from the second quarter and roughly $2 million of workover projects moved forward from the fourth quarter. Full-year capital expenditures are projected to be in the range of $19.5-$24.5 million, with plugging and abandonment spending forecast at $34-$42.4 million. W&T Offshore currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, Valero Energy Corporation VLO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy), while VLO and WHD carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. Valero reported second-quarter 2026 adjusted earnings of $12.54 per share, which beat the Zacks Consensus Estimate of $9.87 per share. As of June 30, 2026, VLO had total debt of $9.10 billion, and cash and cash equivalents of $7.87 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 W&T Offshore, Inc. (WTI) : Free Stock Analysis Report Valero Energy Corporation (VLO) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

ConocoPhillips COP reported adjusted earnings of $3.24 per share for the second quarter of 2026, up 128.2% from $1.42 a year earlier. The bottom line beat the Zacks Consensus Estimate of $2.96 per share by 9.5%. Total revenues of $19.52 billion increased 32.4% from $14.74 billion a year ago. The top line surpassed the consensus mark of $17.54 billion by 11.29%. The strong quarterly results were driven by higher commodity prices. Total production was 2,248 thousand barrels of oil equivalent per day (MBOED), down 6% from the year-ago quarter. ConocoPhillips price-consensus-eps-surprise-chart | ConocoPhillips Quote Sales and other operating revenues were $19.16 billion, up from $14 billion in the second quarter of 2025. Equity in earnings of affiliates was $239 million, while other income totaled $108 million. ConocoPhillips’ average realized price was $62.33 per barrel of oil equivalent, 36% above the year-ago level of $45.77 per barrel of oil equivalent. The sharp pricing improvement more than offset lower production and provided the primary lift to quarterly earnings. The company reported net income of $3.93 billion, or $3.23 per share, compared with $1.97 billion, or $1.56 per share, a year earlier. Excluding special items, adjusted earnings totaled $3.95 billion, up from $1.79 billion. Second-quarter special items reduced earnings by $20 million after tax. This included transaction, integration and restructuring expenses, pending claims and settlements and a gain related to an interest-rate hedge associated with the Port Arthur LNG Phase 1 investment. Adjusted earnings from the Lower 48 segment increased to $2.58 billion from $1.19 billion in the prior-year quarter. The segment remained the largest contributor to consolidated adjusted earnings as stronger prices supported profitability. Alaska adjusted earnings increased to $522 million from $135 million. Canada generated $378 million, up from $149 million, while adjusted earnings from Europe, the Middle East and North Africa rose to $346 million from $237 million. Asia Pacific contributed $389 million compared with $330 million a year ago. Total company production declined 143 MBOED. After adjusting for closed acquisitions and dispositions, production decreased 98 MBOED or 4%. Organic growth in the Lower 48 was more than offset by the impact of the Middle East conflict on Qatar and higher Surmont royalties. Lower 48 production reached 1,479 MBOED. The Delaware Basin contributed 720 MBOED, followed by Eagle Ford at 363 MBOED, the Midland Basin at 202 MBOED and the Bakken at 189 MBOED. Management highlighted record production from its Permian position. Total costs and expenses increased 14.6% to $13.44 billion from $11.73 billion in the prior-year quarter. Purchased commodity costs rose to $6.71 billion from $5.09 billion, reflecting the stronger commodity-price environment. Production and operating expenses declined 5.5% to $2.43 billion, while selling, general and administrative expenses fell 24.8% to $188 million. However, taxes other than income taxes increased to $793 million from $572 million, and depreciation, depletion and amortization rose to $2.98 billion. Cash provided by operating activities totaled $7.43 billion. Excluding working-capital changes, cash from operations reached $7.18 billion. The company funded $3 billion of capital expenditures and investments during the quarter. As of June 30, COP had $6.57 billion in cash and cash equivalents, $1.12 billion in short-term investments and $1.16 billion in long-term debt securities. Shareholder distributions totaled $3 billion, comprising $2 billion of share repurchases and $1 billion of ordinary dividends. ConocoPhillips expects third-quarter 2026 production of 2.29-2.32 million barrels of oil equivalent per day. All full-year guidance items were reaffirmed. The company declared a third-quarter ordinary dividend of 84 cents per share. Management reiterated that COP remains on track to return 45% of cash from operations to shareholders in 2026. ConocoPhillips currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, HF Sinclair Corporation DINO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy) at present, while DINO and WHD carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. HF Sinclair reported second-quarter 2026 adjusted earnings of $5.31 per share, topping the Zacks Consensus Estimate of $4.39. As of June 30, 2026, DINO had total debt of $2.77 billion, and cash and cash equivalents of $2.26 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents. As of June 30, 2026, WHD had cash and cash equivalents of $365 million. 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 ConocoPhillips (COP) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Sunoco LP SUN reported second-quarter 2026 earnings of 94 cents per unit, skyrocketing 184.8% from 33 cents a year ago. However, the bottom line missed the Zacks Consensus Estimate of $2.68 by 64.9%. Quarterly revenues soared 164.5% to $14.26 billion from $5.39 billion in the prior-year quarter. The top line surpassed the consensus estimate of $10.15 billion by 40.5%. Top-line growth was driven by acquired operations, higher fuel volumes and stronger fuel margins. SUN sold 4.13 billion gallons of motor fuel at a profit of 17.1 cents per gallon. Sunoco LP price-consensus-eps-surprise-chart | Sunoco LP Quote Net income increased to $283 million from $86 million in the prior-year quarter. Operating income advanced 187.2% to $583 million, as the Parkland acquisition and other acquired assets expanded the partnership’s operating footprint. The benefits were accompanied by a sharp increase in costs. Total cost of sales and operating expenses rose 163.6% to $13.68 billion from $5.19 billion a year ago. Cost of sales reached $12.80 billion, higher than the $4.82 billion recorded a year earlier, while operating expenses increased to $381 million from $145 million. The Fuel Distribution segment remained the largest earnings contributor. Segment adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) increased 144.7% to $504 million from $206 million in the year-ago quarter. Excluding $12 million of transaction-related expenses, adjusted EBITDA totaled $516 million. Motor fuel volumes increased 88.5% to 4.13 billion gallons due to the Parkland acquisition. Fuel profit rose to $686 million from $191 million, supported by the increase in motor fuel profit per gallon from 10.5 cents to 17.1 cents. Non-fuel profit reached $162 million from $41 million, while lease profit was $43 million compared with $30 million in the prior-year quarter. Pipeline Systems adjusted EBITDA improved 7.3% to $190 million from $177 million in the year-ago quarter. Throughput averaged 1.35 million barrels per day (MMBbl/d), up from 1.23 MMBbl/d a year earlier. The increase reflected stronger market demand, new business and contributions from the ET-S Permian investment. The positives were partially offset by an increase in expenses driven by higher maintenance costs, utility costs and corporate allocations. The Terminals segment generated adjusted EBITDA of $113 million, up 59.2% from $71 million. Excluding transaction-related expenses, adjusted EBITDA was $115 million. Throughput increased 51.7% to 1.07 million barrels per day, driven by the Parkland and TanQuid acquisitions and customer growth. The Refinery segment contributed adjusted EBITDA of $175 million. Composite utilization was 103%, while crude utilization reached 97%. Crude throughput averaged 54,000 barrels per day, supplemented by 3,000 barrels per day of bio-feedstock throughput. Management credited the Burnaby refinery’s performance to strong refining margins, improved reliability and disciplined operating costs. Refining margin exceeded $40 per barrel, while operating expenses remained below $10 per barrel. The facility benefited from a completed turnaround and favorable market conditions. Adjusted EBITDA totaled $982 million, up 116.3% year over year. Excluding $14 million of transaction-related expenses, adjusted EBITDA was $996 million. Distributable cash flow, as adjusted, more than doubled to $608 million from $300 million. Capital expenditure totaled $202 million, including $125 million for growth projects and $77 million for maintenance. The partnership declared a quarterly distribution of $1.0023 per unit, up 1.25% sequentially and more than 10% year over year. The increase marked SUN’s seventh consecutive quarterly distribution hike and was consistent with its multi-year target of at least 5% annual distribution growth. As of June 30, 2026, Sunoco had cash and cash equivalents of $773 million, and net long-term debt of $13.31 billion. SUN ended the quarter with $2.3 billion available under its revolving credit facility and a leverage ratio of 3.7X, below its long-term target of 4X. SUN increased its 2026 adjusted EBITDA guidance by $400 million to $3.5-$3.7 billion. Management expects all four operating segments to continue performing well during the second half of the year. The range primarily reflects uncertainty regarding refining margins. Management used forward refining crack spreads as a starting point but noted that the Fuel Distribution, Pipeline Systems and Terminals businesses offer greater earnings visibility. Contributions and synergies from the Parkland acquisition are running ahead of schedule. Sunoco currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks from the energy sector are PBF Energy Inc. PBF, HF Sinclair Corporation DINO and Cactus, Inc. WHD. PBF sports a Zacks Rank #1 (Strong Buy), whereas DINO and WHD carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks Rank #1 stocks here. PBF reported second-quarter 2026 adjusted earnings of $6.22 per share, surpassing the Zacks Consensus Estimate of $4.05 per share. As of June 30, 2026, PBF had total debt of $1.75 billion, and cash and cash equivalents of $894.1 million. HF Sinclair reported second-quarter 2026 adjusted earnings of $5.31 per share, topping the Zacks Consensus Estimate of $4.39 per share. As of June 30, 2026, DINO had total debt of $2.77 billion, and cash and cash equivalents of $2.26 billion. Cactus reported second-quarter 2026 adjusted earnings of 93 cents per share, surpassing the Zacks Consensus Estimate of 71 cents per share. 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 Sunoco LP (SUN) : Free Stock Analysis Report PBF Energy Inc. (PBF) : Free Stock Analysis Report Cactus, Inc. (WHD) : Free Stock Analysis Report HF Sinclair Corporation (DINO) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research