-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：BP 2026年第一季煉油利潤為32億美元（年增2.1倍），符合市場預期，但高於我們的預期，分別佔2026年市場普遍預期的25%和我們預期的47%。這一業績較第四季季減30%的顯著逆轉，主要得益於強勁的石油交易和更高的煉油利潤率（16.9美元/桶，高於第四季的15.2美元/桶）。我們對此意外之財的可持續性表示擔憂，尤其是客戶和產品較上季成長2.1倍的顯著成長。管理層警告稱，2026年第二季將面臨多重不利因素，包括季節性維護和中東地區生產中斷導致上游產量下降、中游業務業績下滑以及煉油廠檢修活動增加。更新後的 2026 年業績指引預計上游產量將下降，而不是像先前指引的那樣基本持平，而基礎產量指引與先前的成長預期相比仍基本持平，這表明中東地區的動盪對營運的影響比最初預期的更為嚴重。
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Asia
Liaoning Port's Q1 Profit Soars 76%
Liaoning Port (SHA:601880, HKG:2880) recorded a 76% rise in attributable profit in the first quarter of 2026 to 359.2 million yuan from 204.2 million yuan a year prior, according to a Tuesday Hong Kong bourse filing.The port operator's earnings per share rose to 0.0152 yuan from 0.0085 yuan in the corresponding period of the previous fiscal year.Operating income jumped 3.1% to 2.61 billion yuan from 2.53 billion yuan in the year-ago period.
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Mining & Metals
Hut 8 Down 3.8% In US Premarket After Pricing US$3.25B of Investment-Grade Senior Secured Notes for River Bend Data Center Project
Hut 8's (HUT, HUT.TO) was at last look down near 4% in US premarket trade after wholly-owned subsidiary, Hut 8 DC LLC, priced a US$3.25 billion private offering of 6.192% senior secured notes due 2042."The Notes will be offered to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to non-U.S. persons in reliance on Regulation S thereunder," said the company.The notes will bear interest at a rate of 6.192% per annum payable semi-annually in cash in arrears on November 15 and May 15 of each year, beginning on November 15, 2026 and will mature on November 15, 2042, said the company and added that the notes will be fully amortizing with amortization payments payable semi-annually beginning on May 15, 2028.The issuer plans to use the proceeds from the offering to finance the development and construction of a turnkey data center with 245 megawatts of critical IT capacity and the related substation at Hut 8's River Bend campus, reimburse Hut 8 for a portion of its prior equity contributions to the issuer that were used to fund capital expenditures relating to the Project, fund debt service reserves, and pay fees and expenses in connection with the offering.The offering is expected to close on April 30, 2026, subject to market and other conditions, said the company."The Notes will constitute senior secured obligations of the Issuer and will be secured by first-priority liens on substantially all assets of the Issuer, other than certain excluded property, as well as a pledge of the equity interests in the Issuer held by Hut 8 DC Member LLC, the direct parent company of the Issuer. The Notes are non-recourse to Hut 8," added the company.Shares in HUT were down near 1.9% in Canada yesterday.
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