WHD

A month has gone by since the last earnings report for Cactus, Inc. (WHD). Shares have added about 10.5% in that time frame, outperforming the S&P 500. But investors have to be wondering, will the recent positive trend continue leading up to its next earnings release, or is Cactus due for a pullback? Well, first let's take a quick look at its most recent earnings report in order to get a better handle on the recent drivers for Cactus, Inc. before we dive into how investors and analysts have reacted as of late. Cactus, Inc. reported second-quarter 2026 adjusted earnings of 93 cents per share, up 40.9% from 66 cents per share a year earlier. The bottom line topped the Zacks Consensus Estimate of 71 cents per share by 31%. Quarterly revenues surged 64.3% to $449.53 million from $273.58 million a year ago. The top line exceeded the consensus mark of $400.62 million by 12.2%. Strong quarterly results were driven by higher contributions from Cactus International, stronger Middle East Pressure Control shipments and growing demand for Spoolable Technologies. Backlog ended the quarter at $455.8 million. Pressure Control revenues increased 91.4% year over year to $344 million from $179.77 million a year ago. The figure is above our estimate of $307.2 million. The sharp rise primarily reflected the addition of Cactus International, which expanded WHD’s international operations and contributed significant Middle East revenues. The segment also benefited from stronger U.S. customer activity and solid execution of international deliveries despite conflict-related logistics challenges. Aftermarket service activity in Saudi Arabia and Norway provided additional support, as customers focused on repairing and better utilizing existing equipment. Pressure Control operating income rose 39.7% to $59.15 million from $42.33 million recorded a year earlier. Adjusted segment earnings before interest, taxes, depreciation and amortization (EBITDA) increased 80.7% to $95.92 million from $53.08 million in the prior-year quarter. However, the adjusted (EBITDA) margin declined to 27.9% from 29.5%, reflecting the changed business mix following the Cactus International acquisition. Spoolable Technologies revenues increased 9.7% to $105.53 million from $96.23 million in the prior-year quarter. The figure is above our estimate of $95.5 million. Segment operating income increased 14.7% year over year to $32.17 million from $28.05 million recorded a year earlier. Adjusted segment EBITDA rose 11% to $42.14 million from $37.95 million in the prior-year quarter, while the adjusted EBITDA margin improved to 39.9% from 39.4%. The expansion reflected favorable product mix and stronger operating leverage. Total operating income increased 37.5% year over year to $83.58 million from $60.81 million a year earlier. The operating margin contracted to 18.6% from 22.2%, as results included acquisition-related purchase accounting expenses tied to Cactus International and FlexSteel. These expenses included amortization associated with acquired intangible assets and the step-up in inventory values. The company recorded severance costs related primarily to efforts to resize and integrate the Cactus International organization. Adjusted EBITDA rose 53.2% year over year to $132.78 million. The adjusted EBITDA margin was 29.5% compared with 31.7% in the prior-year quarter. Adjusted net income increased 41.1% to $75.11 million, supported by the substantial revenue contribution from Pressure Control and continued profitability in Spoolable Technologies. Operating cash flow was $104.6 million in the quarter. Net capital expenditures totaled $15.6 million and dividend payments and related distributions totaled $11.2 million. WHD ended June with $365.82 million in cash and cash equivalents and no bank debt. The balance included $92.5 million retained to finalize legal restructuring activities tied to the Cactus International acquisition. The company had $223.7 million available under its revolving credit facility. Cactus raised its 2026 net capital expenditure guidance to a range of $55-$65 million. The increase primarily reflects investments in the Baytown Spoolable Technologies facility to support growing demand from international and midstream customers. The Baytown project is expected to cost roughly $40 million and could expand the facility’s production capacity by as much as 20%. Management is evaluating additional Spoolable Technologies manufacturing capacity in the Eastern Hemisphere to serve opportunities in the Middle East and other international markets. The company received more than $80 million of incremental international Spoolable Technologies orders in July. Including Pressure Control, international purchase orders received after the quarter exceeded $130 million, indicating continued demand across both operating segments. For the third quarter, management expects Pressure Control adjusted EBITDA margins to be in the range of 22-24%, excluding about $4 million of stock-based compensation. Lower international operating leverage, reduced aftermarket service contributions and fewer tariff recoveries are expected to affect profitability. Spoolable Technologies adjusted EBITDA margins are projected at 39-41%, excluding roughly $1 million of stock-based compensation. Management expects demand to remain supported by Latin American orders, international market expansion and increased adoption among U.S. customers. The board increased the quarterly dividend by 7% to 15 cents per share, marking the fourth consecutive year of dividend growth. Cactus expects third-quarter depreciation and amortization of about $27 million and an adjusted tax rate of approximately 27%. Since the earnings release, investors have witnessed a flat trend in estimates revision. At this time, Cactus has a nice Growth Score of B, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy. Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in. Cactus has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. 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 Cactus, Inc. (WHD) : 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

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

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

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

Phillips 66 PSX reported second-quarter 2026 adjusted earnings of $9.41 per share, up 295.4% from $2.38 per share a year ago. The bottom line beat the Zacks Consensus Estimate of $7.68 by 22.5%. Total revenues and other income increased 56.2% to $52.04 billion from $35.52 billion a year earlier. The top line surpassed the consensus estimate of $36.17 billion by 43.9%. The strong quarterly results were driven by higher refining margins. The refining system achieved 96% crude capacity utilization and a clean product yield of 86%. Phillips 66 price-consensus-eps-surprise-chart | Phillips 66 Quote Refining adjusted pre-tax income jumped to $3.09 billion from $392 million in the year-ago quarter. The segment benefited from stronger market crack spreads, favorable mark-to-market impacts and solid operating performance across the refining system. Worldwide realized refining margins increased to $24.08 per barrel from $11.25 per barrel a year earlier. Total processed inputs averaged 2.05 million barrels per day (MMBbl/d), while turnaround expenses increased to $123 million from $53 million in the prior-year quarter. Refining adjusted EBITDA totaled $3.31 billion. Midstream adjusted pre-tax income increased 7.4% to $785 million. The segment’s adjusted EBITDA reached $1.05 billion, driven by higher margins and volumes following the absence of disruptions caused by Winter Storm Fern in the prior quarter. Natural gas liquids (NGL) pipeline throughput to market averaged 943,000 barrels per day (Bbl/d), while fractionation volumes reached a record 1.02 MMBbl/d. Phillips 66 achieved record liquefied petroleum gas export volumes and brought the 220-million-cubic-feet-per-day (MMcf/d) Dos Picos II gas plant to full production. Chemicals adjusted pre-tax income rose sharply to $404 million from $20 million in the prior-year quarter. The improvement primarily reflected stronger margins across Chevron Phillips Chemical Company’s olefins and polyolefins operations. Global olefins and polyolefins capacity utilization was 91% compared with 92% a year ago. The ethylene-to-high-density-polyethylene chain cash margin increased to 43.6 cents per pound from 7.4 cents per pound, providing a significant earnings tailwind despite slightly lower utilization. Chemicals adjusted EBITDA was $528 million. Marketing and Specialties generated adjusted pre-tax income of $514 million compared with $660 million a year earlier. Renewable Fuels posted pre-tax income of $544 million, reversing a loss of $133 million in the year-ago period. Higher regulatory-credit pricing, increased production and favorable mark-to-market impacts supported the turnaround. Renewable fuel production increased to 53,000 Bbl/d from 40,000 Bbl/d a year ago. Phillips 66 generated $7.26 billion of operating cash flow. Excluding working-capital movements, operating cash flow totaled $4.32 billion. Adjusted EBITDA increased to $5.89 billion from $2.50 billion a year earlier. As of June 30, 2026, Phillips 66 had total debt of $6.56 billion and net debt of $16.47 billion. Quarter-end liquidity included $4.10 billion of cash and $6.40 billion of committed credit capacity. PSX returned $887 million to shareholders during the quarter. This included $508 million in dividends and $379 million in share repurchases. Capital expenditures and investments totaled $726 million, comprising $469 million of growth spending and $257 million of sustaining capital. The company announced plans to construct the 300 MMcf/d Zeus Gas Plant in the Permian Basin and a 100,000 Bbl/d Coastal Bend NGL fractionator in Corpus Christi. CPChem also continued advancing the Golden Triangle Polymers and Ras Laffan Polymers projects, with full operations expected in 2027. Phillips 66 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), while 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 Phillips 66 (PSX) : 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

MPLX LP MPLX reported second-quarter 2026 earnings of $1.06 per unit, up 2.9% from $1.03 a year ago. The bottom line surpassed the Zacks Consensus Estimate of $1.04 per unit by 1.9%. Total revenues and other income increased 10.3% to $3.31 billion from $3 billion a year earlier. The top line beat the consensus estimate of $3.19 billion by 3.8%. The strong quarterly results were driven by higher gathering and fractionation volumes. Adjusted EBITDA increased 5% to $1.78 billion. MPLX LP price-consensus-eps-surprise-chart | MPLX LP Quote Net income attributable to MPLX increased to $1.08 billion from $1.05 billion in the year-ago quarter. Income from operations improved 6.6% to $1.38 billion, driven by higher contributions from both operating segments. Total costs and expenses increased 13.1% to $1.93 billion from $1.71 billion recorded in the prior-year quarter. Operating expenses, including purchased product costs, increased to $1.01 billion from $821 million, while depreciation and amortization rose to $365 million from $324 million. Net interest and other financial costs increased 23.5% to $289 million. Crude Oil and Products Logistics segment adjusted EBITDA increased 2% to $1.16 billion. Higher rates across the business and increased butane blending more than offset lower crude pipeline throughput and higher operating expenses. Total pipeline throughput declined 4% to 5.88 million barrels per day (MMBbl/d). Crude oil pipeline volumes fell 5% to 3.83 MMBbl/d from 4.01 MMBbl/d, while product pipeline volumes decreased 2% to $2.05 MMBbl/d from $2.09 MMBbl/d in the prior-year quarter. Terminal throughput increased 2% to 3.26 MMBbl/d, and the average pipeline tariff rate edged up 1% to $1.07 per barrel. Natural Gas and NGL Services segment adjusted EBITDA advanced 11% to $614 million. The increase reflected higher volumes, contributions from equity affiliates and acquisitions. These benefits were partly offset by the 2025 divestiture of non-core Rockies gathering and processing assets. Gathering throughput rose 5% to 6.86 billion cubic feet per day (Bcf/d), while fractionation volumes increased 7% to 680,000 barrels per day (Bbl/d). Natural gas processed declined 2% to 9.59 Bcf/d. Excluding divested assets, gathering and processing volumes increased 15% and 5%, respectively. Net cash provided by operating activities totaled $1.70 billion compared with $1.74 billion a year ago. Distributable cash flow increased to $1.45 billion from $1.42 billion, while adjusted free cash flow totaled $668 million. MPLX declared a distribution of $1.0765 per unit, up from 95.65 cents a year earlier, resulting in 1.3X coverage. The partnership returned more than $1.1 billion to unitholders, including $50 million through unit repurchases. Management expects distribution increases of 12.5% in 2026 and 2027. The partnership ended June with $1.03 billion in cash, $2.5 billion available under its revolving credit facility and $1.5 billion available through its intercompany loan agreement with Marathon Petroleum. Total debt was $25.64 billion, while leverage remained at 3.7X. MPLX placed the 200-million-cubic-feet-per-day (MMcf/d) Secretariat I processing plant into service in April. The partnership exited the quarter with 86% utilization across its Delaware Basin processing system. Marcellus processing utilization reached 96%, supporting record volumes across the system. Harmon Creek III began operations in August, adding 300 MMcf/d of processing capacity and 40,000 Bbl/d of de-ethanization capacity. The BANGL pipeline expansion to 300,000 Bbl/d, Blackcomb pipeline and Titan sour gas treating expansion are expected to enter service in the fourth quarter. The partnership raised its 2026 capital spending outlook by $500 million to $2.9 billion. The increase primarily reflects accelerated work on its Gulf Coast fractionation project, pulling forward spending previously planned for early 2027. More than 90% of organic growth capital is directed toward natural gas and natural gas liquids infrastructure. Management expects the project sequence to drive stronger adjusted EBITDA in the third quarter than the second quarter, followed by sequential growth in the fourth quarter. MPLX continues to target mid-single-digit adjusted EBITDA growth for 2026. MPLX 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), while 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 MPLX LP (MPLX) : 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