Sharemaestro Newsreel

Phillips 66 sees strong refining margins continuing through 2027 (PSX:NYSE)

Phillips 66 (PSX) anticipates that strong refining margins will persist through the next quarter and into 2027 due to ongoing supply disruptions from the war in Iran impacting fuel markets. The company's shares dropped 1.6% despite a significant increase in earnings, and it is …

Crossamerica Partners LP earnings beat by $0.31, revenue topped estimates

Crossamerica Partners LP reported strong second-quarter results, with EPS of $0.52 significantly beating analyst estimates of $0.21. The company's revenue also topped expectations, coming in at $1.18 billion against a consensus of $770.63 million. Despite recent stock fluctuations, the company has seen positive performance …

Marathon Petroleum Corp (MPC) Shares Fall 4.8% -- GF Value Says Still Overvalued

Marathon Petroleum Corp (MPC) shares dropped 4.8% to $297.75, which GuruFocus's GF Value estimates makes the stock 39.5% overvalued compared to its intrinsic value of $213.41. The company has an average GF Score of 56/100, with strong profitability but weak momentum and valuation. Insiders …

Michael Kasbar Sells 10,000 Shares of World Kinect (NYSE:WKC) Stock

Press Release: Star Group, L.P. Reports Fiscal 2026 Third Quarter Results

Star Group, L.P. has reported its financial results for the third quarter of fiscal year 2026. The press release details the company's performance during this period.

Earnings Flash (IEP) Icahn Enterprises L.P. Reports Q2 Revenue $2.98B

Icahn Enterprises L.P. (IEP) reported Q2 revenue of $2.98 billion. The article also briefly mentions Unity Software's (U.US) Q4 financial results, stating a revenue increase of 35% year-over-year to $609 million, exceeding estimates, despite a quarterly loss of 66 cents per share.

Star Group, L.P. (NYSE: SGU) sees higher revenue but deeper Q3 loss

Star Group, L.P. (NYSE: SGU) reported increased revenue for both its fiscal third quarter and first nine months of 2026, reaching $358.1 million and $1.7 billion respectively. Despite higher revenues, the company experienced a wider net loss of $28.0 million in Q3 due to …

Valero Energy Corp. stock underperforms Wednesday when compared to competitors

Valero Energy Corp. (VLO) shares fell 2.05% on Wednesday, closing at $302.39, while the broader market saw mixed results with the Dow Jones Industrial Average rising and the S&P 500 Index falling. The stock's performance placed it 5.57% below its 52-week high achieved on …

Phillips 66 beats quarterly estimates as Iran war boosts US refining margins

Phillips 66 reported a nearly fourfold jump in second-quarter profit, significantly exceeding Wall Street estimates. This surge was attributed to the Middle East conflict which tightened global fuel supplies and dramatically increased U.S. refining margins. The company's refining segment saw adjusted earnings rise to …

Earnings call transcript: Delek US beats Q2 2026 estimates, shares fall

Delek US Holdings Inc (DK) reported strong Q2 2026 results with adjusted EBITDA of $639 million and EPS of $5.48, driven by robust refining margins and higher throughput, and its Enterprise Optimization Plan contributed significantly. Delek Logistics (DKL) also achieved its best-ever quarterly results, …

World Kinect Corporation $WKC Position Lessened by Glenmede Trust Co. NA

Glenmede Trust Co. NA reduced its holdings in World Kinect Corporation (NYSE:WKC) by 8.4% in the first quarter, now owning 399,377 shares valued at $9.2 million. Despite this, other institutional investors increased their stakes, with overall institutional ownership at 97.06%. World Kinect reported strong …

Earnings call transcript: Icahn Enterprises Q2 2026 loss deepens despite revenue beat

Icahn Enterprises reported a wider net loss of $355 million in Q2 2026, or $0.52 per unit, despite revenue reaching $2.97 billion, exceeding analyst forecasts. The company's stock fell in premarket trading as the earnings miss and declining net asset value overshadowed the revenue …

Phillips 66 reports nearly 20 times-higher quarter-over-quarter earnings

Phillips 66 reported a significant surge in its second-quarter 2026 earnings, reaching $3.8 billion, a near 20-fold increase from the previous quarter. This boost was driven by higher margins and improved asset utilization across its refining, midstream, and chemical segments, with refining utilization rates …

Marathon Petroleum (MPC) Falls Despite Strong Quarter as Investors May Be Focusing on Peak Margin Risks

Marathon Petroleum (MPC) stock fell 4.1% despite a strong second quarter, likely because investors perceive the results as peak-cycle earnings and are taking profits. The company reported diluted EPS of $17.73 and adjusted EBITDA of $8.46 billion, driven by robust refining margins and operational …

HF Sinclair Corp. stock underperforms Wednesday when compared to competitors

HF Sinclair Corp. (DINO) stock dropped 5.97% on Wednesday, closing at $82.98, marking its fourth consecutive day of losses. This underperformance occurred on a mixed trading day where the Dow Jones Industrial Average rose, but the S&P 500 Index fell.

Icahn Enterprises L.P. 2026: Revenue $2.98B, EPS ($0.52) — 10-Q Summary

Icahn Enterprises L.P. (IEP) reported its 2026 results, showing revenue of $2.98 billion, a significant increase from the previous year, but also a widening net loss of ($355 million) and diluted loss per unit of ($0.52). The revenue growth was primarily driven by the …

Icahn Enterprises L.P. (NASDAQ:IEP) Plans Quarterly Dividend of $0.50

Icahn Enterprises L.P. announced a quarterly dividend of $0.50 per share, payable September 23rd to shareholders of record on August 17th. This dividend represents an annualized yield of approximately 26.8% but is financially strained, as the company's payout ratio is 253.2%, indicating that earnings …

PBF Energy (NYSE: PBF) SVP exercises options and sells 75,997 shares

PBF Energy Inc.'s Senior Vice President, Paul T. Davis, exercised 75,997 employee stock options at an exercise price of $6.72 per share on August 4, 2026. Immediately following the exercise, he sold all 75,997 shares of Class A Common Stock at $65.7129 per share, …

PBF Energy (NYSE: PBF) SVP James Fedena sells 24,756 shares

PBF Energy Senior Vice President James E. Fedena reported selling 24,756 shares of Class A Common Stock on August 3, 2026, at a price of $71.8283 per share, totaling approximately $1.78 million. After the transaction, Fedena directly holds 114,260 shares and indirectly holds 11,377.594 …

TD Cowen Adjusts Marathon Petroleum Price Target to $375 From $357

TD Cowen has increased its price target for Marathon Petroleum (MPC) to $375 from $357. This adjustment reflects analyst expectations for the oil refining and marketing company. The article also notes similar price target adjustments from other firms like JPMorgan, Evercore ISI, and Raymond …

Phillips 66 Reports Strong Second-Quarter Results

Phillips 66 announced strong second-quarter results, reporting $3.8 billion in earnings and adjusted earnings per share of $9.41. The company successfully reduced its total debt by $6.6 billion, bringing it down to $20.6 billion, and returned $887 million to shareholders through dividends and stock …

Pacer Advisors Inc. Invests $16.28 Million in Par Pacific Holdings, Inc. $PARR

Pacer Advisors Inc. has invested $16.28 million in Par Pacific Holdings, acquiring 259,847 shares during the first quarter, bringing institutional ownership in the company to 92.15%. This investment follows a strong quarter for Par Pacific, where EPS beat estimates by $1.88 and revenue increased …

Press Release: Delek US Holdings Reports Second Quarter 2026 Results

Delek US Holdings announced its financial results for the second quarter of 2026. The report details the company's performance, including key financial metrics and operational highlights for the period. This press release provides stakeholders with an update on Delek US Holdings' recent activities and …

Delek Logistics (NYSE: DKL) Q2 2026 results: EBITDA up, net income lower

Delek Logistics Partners, LP (NYSE: DKL) reported Q2 2026 net income of $28.9 million, down from $44.6 million year-over-year, despite an increase in EBITDA to $120.0 million and Adjusted EBITDA to $143.5 million. The partnership declared its 54th consecutive quarterly distribution increase to $1.135 …

Earnings Flash (DKL) Delek Logistics Partners, LP Reports Q2 Revenue $384.8M, vs. FactSet Est of $293.6M

Delek Logistics Partners, LP (DKL) reported Q2 revenue of $384.8 million, significantly exceeding the FactSet estimate of $293.6 million. The company's Q2 net income saw a decrease, despite the rise in net revenue. Delek Logistics Partners, LP is a midstream energy master limited partnership …

How Investors Are Reacting To Delek Logistics Partners (DKL) Higher Payout Amid Rising Revenue And Softer Earnings

Delek Logistics Partners reported increased revenue but a decline in net income and EPS for Q2 2026. Despite softer earnings, the company raised its cash distribution, continuing a pattern of increases. This raises questions about the sustainability of the payout given the high payout …

Delek Slides on Q2 Results

Delek US Holdings, Inc. (NYSE: DK) announced its second-quarter 2026 financial results, reporting a net income of $169.5 million or $2.71 per share, with adjusted net income of $343.9 million or $5.48 per share. Despite these figures, the company's stock slid on the news, …

Ultrapar Participacoes (UGP) to Post Earnings on Wednesday

Ultrapar Participacoes (NYSE:UGP) is set to release its Q2 2026 earnings before market open on Wednesday, August 12th, with analysts forecasting earnings of $0.27 per share and revenue of $8.18 billion. The company's stock opened at $6.32, showing a substantial gain from its 12-month …

Is Delek Logistics Partners LP (DKL) Overvalued After Q2 Earning

Par Pacific Holdings, Inc. Q2 2026 Earnings Call Summary

Par Pacific Holdings, Inc. reported strong Q2 2026 performance driven by elevated system throughput, optimized crude sourcing, and robust refining margins. The company achieved operational records at its Washington and Montana refineries and made significant progress in its Hawaii Renewables segment. Despite some challenges …

Phillips 66 (PSX) Beats Q2 Earnings and Revenue Estimates

Phillips 66 (PSX) reported strong Q2 2026 earnings, beating analyst estimates for both earnings per share ($9.41 vs. $7.68) and revenue ($52.04 billion vs. consensus). The company's shares have risen significantly this year, and while the immediate outlook is a Zacks Rank #3 (Hold), …

Marathon Petroleum (NYSE:MPC) Stock Price Expected to Rise, TD Cowen Analyst Says

TD Cowen has raised its price target for Marathon Petroleum (NYSE:MPC) to $375 from $357, maintaining a "buy" rating and suggesting a nearly 20% upside. This follows Marathon Petroleum's significant quarterly earnings beat, with $17.73 EPS against a $14.27 consensus and revenue up 53.5% …

Icahn Enterprises Q2 Revenue Rises To $3.0 Billion As Net Loss Widens

Icahn Enterprises (IEP) reported a rise in Q2 2026 revenue to $3.0 billion, up from $2.4 billion in Q2 2025. However, the company's net loss widened to $355 million, compared to $165 million in the prior year, resulting in a loss of $0.52 per …

Phillips 66 Q2 2026 earnings: Higher refining margins lift net income to $3.8 billion

Phillips 66 (NYSE: PSX) reported a substantial increase in net income to $3.847 billion in Q2 2026, up from $877 million in Q2 2025, primarily driven by significantly higher refining margins and a return to profitability in Renewable Fuels. The company also reduced its …

DKL Q2 net income falls to $28.9 million as revenue rises

Delek Logistics Partners (DKL) reported a decrease in Q2 2026 net income to $28.9 million, or $0.54 per diluted unit, from $44.6 million in the prior year, despite revenues rising to $384.8 million from $246.4 million. The company announced a quarterly cash distribution increase …

Marathon Petroleum Corp. Reports Second-Quarter 2026 Results

Marathon Petroleum Corp. (MPC) reported strong second-quarter 2026 results, with net income attributable to MPC reaching $5.1 billion, or $17.73 per diluted share, a significant increase from the previous year. The company achieved an adjusted EBITDA of $8.5 billion, driven by robust commercial and …