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SunCoke Energy Shares Fall Despite Higher Q2 Earnings, Revenue

SunCoke Energy, Inc. (SXC) shares were down 20% in Thursday trading even after the company reported higher second-quarter earnings and revenue.The company reported Q2 GAAP earnings Thursday of $0.15 per diluted share, up from $0.02 a year earlier.Two analysts surveyed by FactSet expected $0.08.Revenue for the quarter ended June 30 was $475.3 million, up from $434.1 million a year earlier.Two analysts expected $445.2 million.The company's board maintained a quarterly dividend of $0.12 per share, payable on Sept. 2 to shareholders of record on Aug. 17.Price: $7.48, Change: $-1.89, Percent Change: -20.14%

$SXC

Equities8d ago

JPMorgan Trims Price Target on Expand Energy to $121 From $122, Maintains Overweight Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $126.23, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $92.96, Change: $+0.50, Percent Change: +0.54%

$EXE

Equities8d ago

UBS Adjusts Expand Energy Price Target to $124 From $127, Maintains Buy Rating

Expand Energy (EXE) has an average rating of buy and mean price target of $126, according to analysts polled by FactSet.

$EXE

Equities8d ago

Enagás Secures 31.5% Stake in France's Teréga

Enagás (ENG.MC) unit Enagás Internacional completed its 573 million-euro acquisition of a 31.5% stake in French natural gas transmission and storage system operator Teréga.The Spanish energy infrastructure company formally acquired the stake from Singaporean sovereign wealth fund GIC after securing all regulatory approvals, according to a Thursday release.Following the transaction, Teréga's remaining ownership consists of Snam (SRG.MI) with a 40.5% stake, EDF Invest (Ouestgaz) with an 18% stake, and Crédit Agricole's (ACA.PA) Predica with a 10% stake.

$ACA.PA$ENG.MC$SRG.MI

Equities8d ago

BP Brings Atlantis Facility Expansion Project Online in US

Oil and gas giant BP (BP.L) said Thursday it commenced production from its Atlantis Major Facility Expansion project, located south of New Orleans in the US Gulf of America.The expansion project, which was completed before the target date and under budget, will add two new subsea water injection wells to boost the pressure of targeted reservoirs.It is expected to add about 10,000 barrels of oil equivalent per day of gross peak annualized average production, with around 5,000 barrels per day attributable to BP.

$BP.L

Equities8d ago

Market Chatter: Exxon, Chevron Face Hurdles Trying to Tap Into Venezuelan Oil

Exxon Mobil (XOM), Chevron (CVX) and other big oil companies are vying for Venezuela's choicest drilling spots, but talks with Venezuelan officials have recently hit an impasse, preventing them from making big moves, The Wall Street Journal reported Thursday, citing people familiar with the matter.One key issue is that the major US oil companies are interested in many of the same oil fields, and they want to secure the most favorable regulatory and fiscal terms possible. In addition, last month's devastating earthquake delayed progress, the report said.Exxon and Chevron didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$CVX$XOM

Equities8d ago

RBC Raises Price Target on Cenovus Energy to CA$51 From CA$47, Keeps Outperform Rating

Cenovus Energy (CVE) has an average rating of buy and mean price target of CA$48.10, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$CVE

Equities8d ago

Exxon, Chevron Face Hurdles Trying to Tap Into Venezuelan Oil, WSJ Reports

$CVX$XOM

Equities8d ago

Earnings Flash (SXC) SunCoke Energy Posts Q2 EPS $0.15, vs. FactSet Est of $0.08

$SXC

Equities8d ago

PBF Energy Q2 Adjusted Earnings, Revenue Rise

PBF Energy (PBF) reported Q2 adjusted earnings Thursday of $6.22 per diluted share, swinging from a loss of $1.03 a year earlier.Analysts surveyed by FactSet expected $4.15.Revenue for the quarter ended June 30 was $11.68 billion, up from $7.48 billion a year earlier.Analysts expected $9.61 billion.The company maintained its quarterly dividend at $0.275 per share, payable on Aug. 28 to shareholders of record on Aug. 14.

$PBF

Equities8d ago

CNX Resources Q2 Earnings, Revenue Fall

CNX Resources Corporation (CNX) reported Q2 earnings Thursday of $1.32 per diluted share, down from $2.53 a year earlier.Analysts surveyed by FactSet expected $0.56 per share.Revenue for the quarter ended June 30 was $618.5 million, down from $962.4 million a year earlier.Analysts expected $475.2 million.

$CNX

Equities8d ago

Earnings Flash (CNX) Posts Q2 Revenue $618.5M, vs. FactSet Est of $475.2M

$CNX

Equities8d ago

Earnings Flash (CNX) Posts Q2 EPS $1.32, vs. FactSet Est of $0.56

$CNX

Equities8d ago

Valero Energy's Q2 Adjusted Earnings, Revenue Increase

Valero Energy (VLO) reported Q2 adjusted earnings Thursday of $12.54 per diluted share, up from $2.28 a year ago.Analysts polled by FactSet expected $10.13.Revenue for the quarter ended June 30 was $44.48 billion, compared with $29.89 billion a year ago.Analysts expected $39.47 billion.Valero Energy stock was up more than 2% premarket Thursday.

$VLO

Equities8d ago

Quadrise Amends Sustainable Marine Fuels Project with Licella Holdings

Quadrise (QED.L) said Thursday it amended its joint development agreement with Licella Holdings on sustainable marine fuels to outline a more detailed, non-binding development plan.Under the amended plan, the British energy technology company will contribute its marine fuel expertise and market access, while Licella will provide its scalable HTL bio-oil production expertise prior to diesel engine testing.Subject to successful final laboratory tests on refined Licella HTL bio-oils in the second half of 2026, the companies plan to begin initial marine fuel diesel engine pilot tests before seeking to undertake larger-scale, third-party engine testing.

$QED.L

Equities8d ago

RBC Updates Model for Eni Post-Q2 Results; Sector Perform Rating Maintained

RBC Capital Markets revised its model for Eni (ENI.MI), tweaking its earnings forecasts after the Italian oil and gas company released its second-quarter results."We update our estimates following ENI's 2Q26 results, incorporating RBC's new price deck and adjusting for upgraded guidance. We expect the raised buyback to provide near term support for the shares, with the prospect for more announced with 3Q. We balance this against a growing valuation and underweight position in refining. We maintain our Sector Perform rating and EUR28.00 price target," according to a Wednesday note.For the six months ended June 30, Eni reported total revenue of 42.73 billion euros, up from 36.40 billion euros a year ago. The company also boosted its full-year 2026 underlying oil and gas production growth guidance to 5% from the previous target of between 3% and 4%, and expanded its share buyback program for the year to 3.4 billion euros from 2.8 billion euros on an "improved" outlook.Within this context, RBC revised its earnings projections, including net production and operational EPS, for full-year 2026 to 2028."Whilst ENI is seemingly firing on a number of upstream fronts, our preference remains for names in the sector with more exposure to refining margins," analysts added.

$ENI.MI

Equities9d ago

CVR Energy Swings to Q2 Adjusted Earnings, Revenue Rise

CVR Energy (CVI) reported Q2 adjusted earnings late Wednesday of $0.34 per diluted share, swinging from a loss of $0.23 a year earlier.Three analysts polled by FactSet expected a loss of $0.26.Revenue for the three months ended June 30 rose to $2.74 billion, from $1.76 billion a year earlier.Analysts expected $2.22 billion.CVR Energy reported Q2 dividend of $0.10 per share, payable on Aug. 17 to stockholders of record as of Aug. 10.

$CVI

Equities9d ago

Shell Q2 Adjusted Earnings, Revenue Rise

Shell (SHEL) reported Q2 adjusted earnings Thursday of $1.76 per diluted share, up from $0.72 a year earlier.Analysts polled by FactSet expected $1.53.Revenue for the quarter ended June 30 rose to $94.66 billion, up from $65.41 billion a year earlier.Analysts expected $91.89 billion.

$SHEL

Equities9d ago

Saudi Aramco Hikes LPG Contract Prices for August

Saudi Arabian Oil Co. (SASE:2222), d/b/a Saudi Aramco, raised the monthly contract prices for liquefied petroleum gas for August.The Saudi state-owned oil giant set its contract prices for propane at $620 per metric tonne and butane at $640 per metric tonne, according to an emailed statement on Thursday.In July, Aramco's contract prices were $580 per metric tonne for propane and $600 per metric tonne for butane.

SASE:2222

Equities9d ago

Shell Kicks off New $3 Billion Stock Repurchase Plan

Shell (SHEL.L, SHELL.AS) launched a $3 billion stock repurchase program to reduce its share capital, according to a Thursday filing.Under the three-month plan, the energy major will also buy back shares worth $1.23 billion, which it could not repurchase under its previous program that was suspended due to its planned acquisition of ARC Resources.The repurchased shares will be cancelled.

$SHEL.L$SHELL.AS

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