Latest VLOE34 news and sentiment

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22 Sep 2026 13:04

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Valero Energy Corporation (NYSE:VLO) has been on a strong rally, posting gains of over 140% since the beginning of 2026. The strong performance is fuelled by an unusually sharp surge in global refining margins as the ongoing disruptions have significantly reduced the world's refining capacity and tightened supplies of gasoline, diesel, and jet fuel. While there are now investor concerns that the stock may have topped out, Wall Street sees further upside ahead. On September 14, Morgan Stanley analyst Joe Laetsch significantly boosted the firm's price target on VLO from $255 to $411, while maint

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20 Sep 2026 16:38

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15 Sep 2026 19:58

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14 Sep 2026 11:17

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12 Aug 2026 14:20

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Major U.S. stock indices ended lower on Aug. 12, 2026, as investor sentiment was weighed down by escalating U.S.-Iran tensions and dimming prospects for the reopening of the Strait of Hormuz. A surge in crude oil prices, combined with underperformance across key technology stocks, further pressured the broader market. In an environment marked by heightened geopolitical volatility and macro uncertainty, pivoting to financially resilient companies — specifically low-leverage stocks backed by strong balance sheets — offers a prudent defensive strategy for equity investors. These fiscally conservative companies are better positioned to navigate interest rate fluctuations and geopolitical uncertainty. By providing a stable foundation in a shifting market, they can serve as a strategic hedge against a potential energy-driven economic slowdown. We recommend low-leverage stocks, such as LifeStance Health Group LFST, Tutor Perini TPC, Valero Energy VLO, SharkNinja, Inc. SN and Lumentum LITE. Before selecting low-leverage stocks, it is important to understand what leverage is and how investing in low-leverage companies can benefit investors. What's the Significance of Low-Leverage Stocks? In finance, leverage refers to the use of borrowed capital to support business operations and drive expansion. Companies typically raise such funds through debt financing, although equity financing remains an alternative. However, firms often prefer debt due to its relatively lower cost and easier availability compared to issuing equity. Debt financing comes with inherent risks and is beneficial only when it generates returns that exceed the cost of borrowing. To limit downside risk, investors should be cautious of companies that rely excessively on debt. Prudent investing involves selecting businesses with manageable leverage, as completely debt-free companies are rare. The equity market can be volatile at times. As an investor, if you want to avoid significant losses, we suggest focusing on stocks with low leverage, which are generally deemed less risky. To identify such stocks, several leverage ratios have historically been developed to measure the amount of debt a company carries. The debt-to-equity ratio is among the most widely used financial ratios. Analyzing Debt/Equity Debt-to-Equity Ratio = Total Liabilities/Shareholders' Equity This metric is a liquidity ratio that indicates the amount of financial risk a company bears. A lower debt-to-equity ratio suggests improved solvency for a company. Story Continues With the second-quarter 2026 earnings season almost in its last lap, investors should focus on stocks that have demonstrated solid earnings growth in recent periods. If a stock carries a high debt-to-equity ratio during an economic downturn, its seemingly strong earnings could quickly turn into a nightmare. The Winning Strategy Considering the aforementioned factors, it would be prudent to choose stocks with a low debt-to-equity ratio to ensure steady returns. Yet, an investment strategy based solely on the debt-to-equity ratio might not fetch the desired outcome. To select stocks with the potential to provide steady returns, we have expanded our screening criteria to include additional factors. Other Parameters: Debt/Equity Less Than X-Industry Median: Stocks that are less leveraged than their industry peers. Current Price Greater Than or Equal to 10: The stocks must be trading at $10 or higher. Average 20-day Volume Greater Than or Equal to 50000: A substantial trading volume ensures that the stock is easily tradable. Percentage Change in EPS F(0)/F(-1) Greater Than X-Industry Median: Earnings growth adds to optimism, leading to a stock's price appreciation. VGM Score of A or B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2 (Buy), offer the best upside potential. Estimated One-Year EPS Growth F (1)/F(0) Greater Than 5: This shows earnings growth expectations. Zacks Rank #1

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12 Aug 2026 14:00

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The logo of Valero Energy on the screen of an exchange_ By maurice norbert Valero Energy Corporation (VLO), headquartered in San Antonio, Texas, manufactures, markets, and distributes petroleum-based and low-carbon liquid transportation fuels and petrochemical products. Valued at $90.7 billion by market cap, the company produces conventional gasoline, diesel, jet fuel, heating oil, asphalt, feedstocks, aromatics, and crude oil under the Valero, Beacon, Diamond Shamrock, Shamrock, Ultramar, and Texaco brands. Shares of this largest independent refiner have significantly outperformed the broader

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12 Aug 2026 12:29

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IRVING, Texas, August 11, 2026--(BUSINESS WIRE)--Darling Ingredients Inc. (NYSE: DAR) today announced an agreement to sell approximately $150 million of production tax credits to a corporate buyer. These credits were generated under the Inflation Reduction Act (IRA) by the company's Diamond Green Diesel joint venture. The proceeds of the sale are scheduled to be received by the end of the third quarter, upon satisfaction of certain funding conditions. About Diamond Green Diesel Diamond Green Diesel (DGD) is a 50/50 joint venture between Darling Ingredients Inc. and Valero Energy Corporation. With capacity to produce more than 1.2 billion gallons annually, DGD is one of the world's largest producers of renewable diesel and sustainable aviation fuel. About Darling Ingredients A pioneer in circularity, Darling Ingredients Inc. (NYSE: DAR) takes material from the animal agriculture and food industries, and transforms them into valuable ingredients that nourish people, feed animals and crops, and fuel the world with renewable energy. The company operates over 260 facilities in more than 15 countries and processes about 15% of the world's animal agricultural by-products, produces about 30% of the world's collagen (both gelatin and hydrolyzed collagen), and is one of the largest producers of renewable energy. To learn more, visit darlingii.com. Follow us on LinkedIn. Cautionary Statements Regarding Forward-Looking Information: This release may contain "forward-looking statements," which include information concerning the Company's financial performance, plans, objectives, goals, strategies, future earnings, cash flow, performance and other information that is not historical information. When used in this release, the words "expects," "anticipates," "projects," "plans," "intends," "believes," "will" and variations of such words or similar expressions are intended to identify forward-looking statements. All forward-looking statements are based upon current expectations and beliefs and various assumptions. There can be no assurance that the Company will realize these expectations or that these beliefs will prove correct. There are a number of risks and uncertainties that could cause actual results to differ materially from the results expressed or implied by the forward-looking statements contained in this release. These include issues related to administration, guidance and/or regulations associated with biofuel policies, including the Section 45Z Clean Fuel Production Credit, and risks associated with the qualification and sales of such credits, including without limitation failure to satisfy closing conditions to complete such sales. Numerous other factors, many of which are beyond the Company's control, could cause actual results to differ materially from those expressed as forward-looking statements. Other risk factors include those that are discussed in the Company's filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which it is made or to reflect the occurrence of anticipated or unanticipated events or circumstances. Story Continues View source version on businesswire.com: https://www.businesswire.com/news/home/20260811875945/en/ Contacts Darling Ingredients Contacts Media: Jillian Fleming Director, Global Communications (972) 541-7115; jillian.fleming@darlingii.com Investors: Suann Guthrie Senior VP, Investor Relations, Sustainability & Communications (469) 214-8202; suann.guthrie@darlingii.com View Comments

Published

11 Aug 2026 21:45

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11 Aug 2026 17:15

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Marathon Petroleum Corporation MPC delivered one of its strongest refining quarters in recent years, but the real story extends beyond a favorable refining environment. Management attributed the record performance to disciplined value-chain optimization — integrating crude sourcing, refinery operations, logistics and commercial execution to maximize profitability across every barrel processed. This strategy helped the company generate $6.7 billion in Refining & Marketing (R&M) adjusted EBITDA during the second quarter of 2026, while the metric reached $ 8.5 billion in total. More importantly, MPC achieved the lowest level of unplanned refinery downtime this decade, highlighting the role of operational reliability in sustaining strong earnings. The integrated model produced tangible operating benefits. MPC processed nearly 3 million barrels per day during the quarter, with systemwide refinery utilization reaching 94% and Gulf Coast utilization touching 100%. R&M EBITDA reached $24.84 per barrel, supported by crude optimization, improved jet fuel yields and strong domestic and export demand. The company's refining capture rate climbed to 112%, reflecting its ability to source advantaged crude, optimize feedstocks and align planning, commercial and operational activities across the refining network. Extensive pipeline and logistics infrastructure also limited exposure to higher-priced Brent-linked crude during the Middle East disruptions, preserving margins while competitors faced greater feedstock cost pressure. Marathon Petroleum also strengthened its competitive position through targeted investments rather than large-scale capacity additions. During the quarter, the company completed two high-return refining projects. The Robinson refinery investment adds roughly 10,000 barrels per day of incremental jet fuel production, while the El Paso project enhances specialty gasoline yields for attractive regional markets. Management expects both projects to generate returns exceeding its 25% investment hurdle, demonstrating how incremental operational improvements can enhance profitability without materially increasing capital intensity. How Does MPC Compare With Peers? Among independent refiners, San Antonio, TX-based Valero Energy Corporation VLO continues to emphasize operational excellence through its highly complex refinery system and disciplined cost management. Like Marathon Petroleum, Valero Energy benefits from processing discounted crude grades and maximizing product yields across its integrated refining network. However, Marathon Petroleum's extensive logistics footprint and coordinated value-chain optimization strategy increasingly differentiate its ability to capture additional margin opportunities. Story Continues Phillips 66 PSX is pursuing a similar strategy through refinery optimization and commercial integration while expanding its Midstream and Marketing businesses to improve earnings resilience. Although Phillips 66 has invested heavily in operational efficiency and portfolio optimization, Marathon Petroleum's second-quarter performance suggests its integrated planning, logistics and commercial execution delivered particularly strong margin capture during a volatile refining environment. Rather than relying solely on supportive refining margins, Marathon Petroleum demonstrated that disciplined execution across its integrated value chain can materially enhance profitability. While refining conditions will inevitably fluctuate, the company's focus on operational reliability, advantaged crude sourcing and high-return refinery improvements may provide a durable competitive advantage through future market cycles. MPC's Stock Performance, Valuation and Earnings Prospects Over the past year, Marathon Petroleum's stock gained 102%, outperforming the Oil Refining & Marketing sub-industry's 71.7% increase. However, Valero Energy led the group with a 139% gain, while Phillips 66 advanced 82.4% over the same period.Zacks Invest

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11 Aug 2026 15:12

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Sunoco LP SUN is strengthening its fuel distribution platform with the planned acquisition of Offen Petroleum (Offen) for approximately $600 million in an all-cash transaction. The deal is expected to be immediately accretive and could provide an incremental boost to Sunoco's cash flow, supporting distribution growth and reinvestment. Investors should note that the acquisition expands Sunoco's scale and strengthens its position in the U.S. fuel distribution market. Sunoco's $600M Offen Deal Expands Its Fuel Distribution Reach Offen operates a fuel distribution network that delivers approximately 2.5 billion gallons annually to around 7,000 customers and more than 800 retail stations across the Midwest, Mountain West and Southwest regions of the United States. Adding this network would significantly broaden Sunoco's geographic footprint and complement its existing fuel distribution operations. The expanded platform could also create opportunities to capture operating efficiencies, deepen customer relationships and pursue additional organic growth. Notably, the transaction is structured to enhance cash flow rather than simply increase scale, making its immediate accretion a key positive for shareholders. Offen Acquisition Broadens Sunoco's U.S. Distribution Network Beyond the initial contribution, the acquisition could provide Sunoco with a larger platform for future expansion. Management expects the broader footprint to create additional opportunities for bolt-on acquisitions and organic growth, potentially supporting longer-term cash flow generation. Subject to regulatory approval, the transaction is expected to close in the fourth quarter of 2026. Overall, the Offen acquisition represents a strategic expansion for Sunoco, with its immediate accretive nature, broader distribution network and potential for further growth providing positive catalysts for the partnership and its investors. SUN's Zacks Rank & Other Key Picks Sunoco currently carries a Zacks Rank #2 (Buy). Some other 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 each, at present. You can see the complete list of today's Zacks Rank #1 stocks here. PBF Energy is a leading independent petroleum refiner in the United States, operating six strategic facilities across California, Louisiana, New Jersey, Delaware, and Ohio. Among these assets, the Torrance facility in California processes 166,000 barrels of crude daily. PBF rebounded strongly from a $5.3 million loss in the second quarter of 2025 to achieve a net profit of $912.9 million in the second quarter of 2026. Story Continues Based in San Antonio, Valero operates 14 global refineries with 3 million barrels of daily refinery throughput alongside extensive ethanol operations across 12 U.S. ethanol plants. During the second quarter of 2026, VLO posted strong gains in its ethanol sector. Margins expanded to $1.15 per gallon from 52 cents per gallon and operating income rose to 75 cents per gallon compared with 13 cents per gallon in the previous year. Cactus manufactures and rents specialized oilfield equipment, including wellheads, pressure controls and spoolable pipe systems for onshore wells. Headquartered in Houston, the company reported $365.82 million in cash and no bank debt as of June 30, 2026. This debt-free position gives WHD the flexibility to pursue growth opportunities independently. 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 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 View Comments

Published

11 Aug 2026 14:24

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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 and EPS SurpriseArchrock, Inc. Price, Consensus and EPS Surprise Archrock, Inc. price-consensus-eps-surprise-chart | Archrock, Inc. Quote AROC's Contract Operations Remain Resilient 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. Archrock's Aftermarket Services Lose Momentum 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. AROC's Margin Gains Offset Some Cost Pressure 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. Story Continues Archrock Generates Solid Cash Flow 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. AROC Raises Dividend 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. Archrock Maintains Balance Sheet Flexibility 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. AROC Tightens 2026 EBITDA Guidance Archrock tightened its 2026 adjusted EBITDA guidance to $865-$885 million from $865-$915 million. The revision reflects higher contract compression make-ready costs

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10 Aug 2026 16:09

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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 and EPS SurpriseMatador Resources Company Price, Consensus and EPS Surprise Matador Resources Company price-consensus-eps-surprise-chart | Matador Resources Company Quote MTDR's Production Hits a Record 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 Pricing Mix Bolsters Revenues 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. MTDR's Cost Profile Shows Pressure 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. Story Continues Matador Expands Midstream & Inventory 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. MTDR's Cash Flow Supports Debt Reduction 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. Matador's

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10 Aug 2026 15:41

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Crescent Energy Company CRGY reported second-quarter 2026 adjusted earnings of 63 cents per share, beating the Zacks Consensus Estimate of 45 cents by 40%. The bottom line also increased from the year-ago adjusted earnings of 43 cents. The outperformance was supported by strong production, higher oil realizations and continued operating efficiencies. Houston, TX-based oil and gas exploration and production company's revenues of $1.4 billion beat the Zacks Consensus Estimate of $1.22 billion by 14.25%. The top line also increased sharply from $898 million in the year-ago quarter. Crescent Energy Company Price, Consensus and EPS SurpriseCrescent Energy Company Price, Consensus and EPS Surprise Crescent Energy Company price-consensus-eps-surprise-chart | Crescent Energy Company Quote The quarter was marked by solid production, lower operating costs and record cash generation. Crescent produced 335 thousand barrels of oil equivalent per day (MBoe/d), which beat our consensus mark of 331 MBoe/d, while adjusted operating expenses were about 9% below the prior annual guidance midpoint. CRGY's Production Base Remains Strong Total production averaged 335 MBoe/d, up from 263 MBoe/d in the year-ago quarter. Oil production increased to 140 thousand barrels per day (MBbls/d) from 108 MBbls/d. The figure was also above our consensus estimate of 136 MBbls/d. Natural gas production rose to 715 million cubic feet per day (MMcf/d) from 644 MMcf/d, while NGL production increased to 76 MBbls/d from 48 MBbls/d. Natural gas production was 2.5% below our consensus estimate, while NGL production was 7.6% above our consensus estimate. During the quarter, Crescent drilled 43 gross operated wells and brought 32 gross operated wells online. Capital expenditures, excluding acquisitions, totaled $284 million. Crescent's Permian Momentum Accelerates Crescent continued to make progress in the Permian, where it has moved from the stabilization phase following the acquisition into optimization. Permian production totaled 124 MBoe/d, with oil accounting for 42% of volumes. Capital spending in the basin was $104 million. Crescent drilled nine gross wells and turned 12 gross wells in line during the quarter. Importantly, the company increased its Permian synergy target to $250-$300 million, roughly three times the original target of $90-$100 million. Approximately $190 million of annualized synergies have already been captured. The gains are being driven by lower well and operating costs, improved workover and artificial-lift programs, better field operations and commercial optimization. Management expects a large portion of the updated synergy target to be captured as the company exits 2026 and moves into 2027. Story Continues CRGY's Eagle Ford Operations Stay Efficient The Eagle Ford business produced 169 MBoe/d, with oil representing 39% of volumes. Capital spending totaled $147 million. Crescent drilled 26 gross wells and brought 16 gross wells online during the quarter. Operational efficiencies remain a key driver in the basin. Well costs have declined more than 25% since 2023, while workover and artificial-lift optimization are supporting base production. CRGY is also seeing encouraging results from the Austin Chalk, which could expand its economic drilling inventory. CRGY Sees Further Cost Gains in Uinta CRGY continued to improve drilling and completion efficiency in the Uinta Basin. Year-to-date drilling efficiency increased to roughly 1,600 feet per day from about 1,300 feet in the 2025 program. Completion efficiency increased to approximately 3,000 lateral feet per day from about 1,600 feet. Simulfrac utilization reached 100% of gross wells turned in line, while drilling, completion and facilities costs declined to below $800 per foot from approximately $950 in the 2025 program. These efficiencies are helping CRGY lower development costs and improve returns across its portfolio. CRGY 's Revenue Mix Benefits From Oil Oil remained the largest revenue cont

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10 Aug 2026 15:29

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Independent oil refiner and marketer Marathon Petroleum Corporation MPC 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% Murphy USA Inc. Price, Consensus and EPS SurpriseMurphy USA Inc. Price, Consensus and EPS Surprise Murphy USA Inc. price-consensus-eps-surprise-chart | Murphy USA Inc. Quote Inside MPC's Segments 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 MPLX — 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. Marathon Petroleum's Renewable Diesel Results 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. MPC's Refining Operating Metrics Story Continues 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's Financial Analysis 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 Capital Projects Pr

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10 Aug 2026 15:24

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Marathon Petroleum Corporation MPC shares have gained 18.1% over the past three months, while the Zacks Consensus Estimate for current fiscal-year earnings has risen 41.6% in the past four weeks. The combination points to firmer near-term expectations after a strong second quarter.Zacks Investment Research Image Source: Zacks Investment Research The question is whether better refining economics, disciplined operations and expanding midstream cash flow can support further gains after the recent advance. Why MPC's Three-Month Rally Has Fundamental Support MPC's latest results give the rally an operating foundation without proving that earnings alone drove the share-price move. Second-quarter 2026 earnings of $17.73 per share beat the Zacks Consensus Estimate by 22.1%. Revenues and other income totaled $52.34 billion and topped the consensus mark by 50.3%. Refining & Marketing adjusted EBITDA reached $6.66 billion, up from $1.89 billion a year earlier, as stronger crack spreads lifted results across all regions. Refining Strength Gives MPC an Earnings Tailwind Refining & Marketing margin climbed to $36.33 per barrel from $17.58 a year earlier, while margin capture reached 112%. Management attributed the capture performance to crude sourcing and optimization, inventory discipline, favorable clean-product margins and higher jet production. Refineries ran at 94% utilization, with total throughput of nearly 3 million barrels per day. Recent yield-enhancing investments also broaden product flexibility, including the Robinson project, which adds about 10 thousand barrels per day of incremental jet fuel capability. MPC's Midstream Growth Adds Through-Cycle Support MPC's majority ownership of MPLX LP gives the company fee-based midstream earnings that diversify its exposure to refining margins. Midstream adjusted EBITDA rose 8.3% year over year to $1.78 billion in the second quarter, supported by higher rates and throughputs. MPLX is expanding natural gas and natural gas liquids infrastructure in the Permian and Marcellus. Management expects mid-single-digit adjusted EBITDA growth in 2026 and 12.5% annual distribution growth in both 2026 and 2027, adding a steadier cash-flow component to MPC's cyclical refining business. Valuation Raises the Bar for More MPC Upside The recent advance has made valuation a more demanding part of the case. MPC trades at a trailing 12-month enterprise value-to-EBITDA ratio of 7.51 compared with 5.68 for its Zacks sub-industry, so continued execution may be needed to support that premium. Story Continues Zacks Investment Research Image Source: Zacks Investment Research Valero Energy Corporation VLO is another major refiner with renewable diesel operations, while Phillips 66 PSX combines refining with a substantial midstream business. Those peers underscore that investors can weigh refining exposure alongside adjacent businesses when comparing operators across the sector. MPC's Signals Still Favor Near-Term Strength MPC's operating backdrop remains favorable, but the recent rally is not automatically repeatable. Refining earnings remain sensitive to crack spreads, crude differentials, maintenance activity and product-market normalization, while the valuation premium leaves less room for execution shortfalls. The stock currently carries a Zacks Rank #2 (Buy), along with a VGM Score of A, Value Score of A, Growth Score of A and Momentum Score of A. Because the Rank and Style Scores are designed for short-term stock selection, the combination favors MPC's near-term profile, while refining cyclicality and valuation still warrant a measured view of additional upside. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 Valero Energy Corporation (VLO) : Free Stock Analysis

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10 Aug 2026 15:23

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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 and EPS SurpriseChord Energy Corporation Price, Consensus and EPS Surprise Chord Energy Corporation price-consensus-eps-surprise-chart | Chord Energy Corporation Quote CHRD's Oil Output Moves Higher 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 Benefits From Stronger Realizations 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. CHRD's Cost Picture Shows Mixed Trends 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. CHRD's Cash Flow Supports Higher Capital Returns 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. Story Continues 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. Chord's Balance Sheet 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. CHRD Keeps 2026 Capital Plan Steady 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. CHRD's Zacks Rank & Key Picks Chord currently carries a Zacks Rank #4 (Sell). Some better-ranked stocks from the energy sector are PBF

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10 Aug 2026 14:46

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For Immediate Release Chicago, IL – August 7, 2026 – Zacks Equity Research shares Quanta Services, Inc. PWR as the Bull of the Day and Builders FirstSource, Inc. BLDR as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Valero Energy Corp. VLO, Phillips 66 PSX and Par Pacific Holdings, Inc. PARR. Here is a synopsis of all five stocks: Bull of the Day: Quanta Services, Inc. recently reported a record second quarter of 2026 and raised full year guidance as demand remains strong for power generation for the AI Revolution. This Zacks Rank #1 (Strong Buy) is expected to g

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7 Aug 2026 14:45

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Published

6 Aug 2026 00:59

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Key Points Interested in Airbus SE? Here are five stocks we like better. Airbus, Jabil, and Valero Energy collectively announced more than $10 billion in new stock buyback authorizations, signaling strong confidence in their financial outlooks. Airbus raised its 2029 adjusted EBIT guidance to 12 billion to 13 billion euros and unveiled a roughly $5.8 billion buyback program alongside a share price recovery. Jabil authorized a $1.5 billion buyback backed by data center growth, and analysts see over 40% upside with a consensus price target near $454. Top names in key areas of the economy are boo

Published

3 Aug 2026 15:55

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