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GUIDANCE: (NFG) National Fuel Gas Expects Fiscal 2026 Adjusted EPS Range $7.45-$7.75, vs. FactSet Est of $7.79

Vista Energy Q1 Adjusted Earnings, Revenue Rise

Vista Energy (VIST) reported Q1 adjusted earnings late Wednesday of $0.89 per diluted share, up from $0.79 a year earlier.Analysts surveyed by FactSet expected $1.22, if comparable.Net revenue for the three months ended March 31 was $670.6 million, up from $420.8 million a year earlier.Analysts polled by FactSet expected $712.5 million.

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Equities55d ago

Earnings Flash (VIST) Vista Energy Posts Q1 Adjusted EPS $0.89

$VIST

Equities55d ago

Earnings Flash (VIST) Vista Energy Posts March Quarter Revenue $865.0M

$VIST

Equities55d ago

Earnings Flash (AR) Antero Resources Posts Q1 EPS $1.72, vs. FactSet Est of $1.14

$AR

Equities55d ago

Earnings Flash (AR) Antero Resources Posts Q1 Revenue $1.95B, vs. FactSet Est of $1.67B

$AR

Equities55d ago

Antero Midstream Q1 Adjusted Earnings, Revenue Rise

Antero Midstream (AM) reported Q1 adjusted earnings late Wednesday of $0.29 per diluted share, up from $0.28 a year earlier.One analyst surveyed by FactSet expected $0.34.Revenue in the three months ended March 31 rose to $314.2 million from $291.1 million a year earlier.Four analysts surveyed by FactSet expected $311.3 million.

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Equities55d ago

TSX Closer: The Index Falls For a Fifth-Straight Session as the Bank of Canada Stands Pat

The Toronto Stock Exchange closed down for a fifth-straight session Wednesday, with most sectors lower, bar the notable exception of Energy as Scotiabank's Derek Holt said market participants are "chasing higher oil prices oil prices" that are up "on a bet that war may be back on, if it ever subsided".The S&P/TSX Composite Index closed down 265.95 points, or 0.8%, to 33,318.39,, led lower by the Battery Metals Index, down 4.8%, and Base Metals, down 2.2%. In contrast the S&P 500 was flat to slightly lower, while the Nasdaq was flat to slightly higher.FactSet noted the index, going in to today, was down 370.77 points, or 1.09%, over the prior four trading days, its longest losing streak since Dec. 31, 2025, when the market also fell for four straight trading days. Month-to-date going in to Wednesday the index was up 2.49%, and year-to-date it was up 1,871.58 points, or 5.9%.As unanimously expected and priced, the Bank of Canada this morning left its overnight rate unchanged at 2.25%.But Derek Holt, Head of Capital Markets Economics at Scotiabank, said "markets couldn't really have cared less about the BoC's communications. They're chasing higher oil prices that are on fire." Holt noted WTI and Brent were up about US$7.00 to US$8.00 "on a bet that war may be back on, if it ever subsided."Accordingly, Holt said, the post-communications market reactions are mixing market pricing of oil impacts and BoC communications while treating the latter as "stale on arrival". Holt noted July is now 50/50 priced for a BoC rate hike. He added: "June is not a base case at this point, but is underpriced in my opinion; six more weeks of this and it will be harder for Macklem & Co to sit tight and the BoC doesn't have to have an MPR to move." Holt noted volatile markets are swinging between pricing about 55 to 70 basis points of Scotia's 75bps forecast hikes by year-end.Elsewhere, David Doyle, head of economics at Macquarie Group, said the BoC communications "leaned hawkish and emphasised greater concern on upside risks to inflation". In the months ahead, Macquarie expects rhetoric to move further in a hawkish direction amid economic improvement and a falling unemployment rate. Macquarie continues to anticipate the next move from the BoC will be a 25 bps rate hike. On today's hawkish communication, Macquarie pulls slightly forward its baseline timing for this to September, from October, and it also now expects a second 25 bps hike in Q4 2026, previously Q1 2027.Of commodities today, West Texas Intermediate crude oil closed higher, rising for a fourth-straight session as hopes around an end to the Iran war and a reopening of the Strait of Hormuz fade, while a report showed an larger than expected drop in U.S. oil inventories. WTI crude oil for June delivery closed up US$6.95 to settle at US$106.88 per barrel, the highest since April 7, while June Brent oil was up US$6.74 to US$118.00.But gold was lower for a third-straight day, pressured by inflation worries even as the Federal Reserve's policy committee as expected left rates steady when ending its two-day meeting this afternoon. Gold for June delivery was down US$50.40 to US$4,558.00 an ounce, the lowest since March 30.

S&P/TSX CompositeS&P/TSX Composite$CXY

Equities55d ago

Market Chatter: Trump Says US Will Maintain Naval Blockade on Iran Until Nuclear Deal

President Donald Trump said in a phone interview he will keep Iran under a naval blockade until Tehran accepts a deal that addresses US concerns about its nuclear program, Axios reported Wednesday.Trump said the blockade was "somewhat more effective than the bombing," and that he had yet to order any military action as of Tuesday night, the report said.He also claimed Iran's oil storage and pipelines "are getting close to exploding" because the country can't export crude under the blockade, the report said.US Central Command has planned a "short and powerful" wave of strikes on Iran to potentially break the negotiating deadlock, the report said, citing three sources. Following the strikes, which would likely target the country's infrastructure, the US would press Iran to return to talks and show more flexibility, the report said.(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.)

Equities55d ago

Trump Rejects Iran's Offer, Orders Blockade Until Nuclear Deal, Axios Reports

Equities55d ago

Street Color: President Trump Rejects Iran's Offer, Keeps Naval Blockade, Axios Reports

Equities55d ago

Wood Mackenzie: UAE's OPEC, OPEC+ Withdrawal Could Increase Oversupply Risk

The United Arab Emirates' decision to withdraw from the Organisation of the Petroleum Exporting Countries potentially leads to a higher risk of oversupply in the oil market and lower prices over the medium term, according to Wood Mackenzie.In an analysis published Wednesday, the research firm said it expects the exit's near-term impact on global oil markets to be limited. However, the supply dynamics from 2027 are anticipated to be affected, with the UAE, which accounts for an estimated 14% of OPEC's capacity, being able to take a higher share of oil demand."UAE's departure from OPEC will have minimal impact on market fundamentals in 2026, even if the Strait of Hormuz reopens. Gulf countries, including the UAE, will take months to return to pre-war production volumes. Beyond this year, losing the UAE will compound OPEC's challenge to balance the market and increase the risk of oversupply weakening prices," Chairman and Chief Analyst at Wood Mackenzie Simon Flowers said. The firm also said the UAE's decision also marks "the most significant fracture" in the oil producer group's history.The UAE government announced that it will be leaving both OPEC and OPEC+, effective May 1.

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Equities55d ago

Bank of Canada Is in No Hurry to React to Higher Oil Prices, Says Desjardins

The Bank of Canada's Governing Council left rates unchanged at 2.25% on Wednesday and signaled that elevated oil prices won't do much to boost gross domestic product or underlying inflationary pressures, said Desjardins.For its projections, the BoC assumed that Brent oil prices will fall to around US$75/barrel by mid-2027, roughly in line with the bank's forecasts.That said, policymakers expect investment and employment to be less responsive to higher crude prices than in the past, leaving real gross domestic product up just 1.2% in 2026, while previously it saw at 1.1%. So while the composition of growth will look different -- many households and businesses will be squeezed by higher energy costs even as some firms and governments benefit -- the economy is still expected to absorb slack only slowly this year, stated Desjardins.The good news is that officials share the bank's view that spillovers to core inflation will be limited. The BoC expects core inflation to end 2026 at 2.0%, which is actually a touch lower than the 2.1% penciled in back in January's Monetary Policy Report (MPR).The commentary accompanying the rate decision also highlighted the favorable starting point for underlying inflation, with the BoC's preferred core measures just slightly above 2% in March and the proportion of components rising above 3% also having declined in recent months. So while officials acknowledged the cost pressures associated with high oil prices, they implied that their operational target, underlying inflation, wouldn't be impacted, added the bank.Wednesday's MPR also included projections for an alternative scenario in which oil prices remain around US$100 per barrel. Even in that scenario, the economy is expected to struggle over the next few years, as many households and businesses would face higher costs and the benefits of elevated crude prices would translate into increased activity in oil-producing regions with a lag.That said, the forecasts include a further rise in headline inflation, which is substantially more persistent and broad-based than in the base case projections. Governor Tiff Macklem appears to suggest that such a situation could warrant consecutive increases in the policy rate, according to Desjardins.Overall, the BoC appears comfortable leaving rates unchanged for the rest of the year, unless oil prices remain high, added the bank. Assuming oil prices decline to levels consistent with their assumptions, the central bank's communications suggest that any changes in the target rate will be small.Desjardins takes that to mean that once the economy recovers to full health, central bankers will raise the policy rate gradually to 2.75%, the mid-point of their estimated neutral rate range. The bank's expectation is that those rate increases aren't in the cards until 2027.

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Equities55d ago

Bank of Canada Says CPI Inflation Will Likely Rise Further in April to about 3%

S&P/TSX CompositeS&P/TSX Composite$CXY

Equities55d ago

UBS Adjusts Price Target on YPF to $45 From $37, Maintains Neutral Rating

YPF SA Class D (YPF) has an average rating of buy and mean price target of $53.64, 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://www..com/contact-us)

$YPF

Equities55d ago

Fitch Affirms Repsol's Rating; Outlook Stable

Fitch on Tuesday affirmed the BBB+ long-term issuer default rating of Repsol (REP.MC), citing the energy company's very low EBITDA net leverage.The rating agency said it expects the metric to remain below 1x until 2030 despite its conservative oil and gas price assumptions, substantial capex, and shareholder distributions. It also anticipates that the Spanish company will continue strong operations in its core oil and gas operations while sustaining investment in low-carbon initiatives.The outlook on the rating is stable.

$REP.MC

Equities56d ago

DNB Carnegie Boosts Equinor PT, Upgrades to Hold Rating

DNB Carnegie on Tuesday raised its price target for oil and gas company Equinor (EQNR.OL) to 350 Norwegian kroner from 250 kroner and upgraded its rating to hold from sell.(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://www..com/contact-us)

$EQNR.OL

Equities56d ago

PKO BP Securities Upgrades OMV to Buy, Boosts PT

PKO BP Securities on Wednesday upgraded Austrian oil and gas company OMV (OMV.VI) to buy from hold and raised its price target to 69.20 euros from 49.60 euros.(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://www..com/contact-us)

$OMV.VI

Equities56d ago

Berenberg Keeps Hold Rating as Eni Ups FY26 Guidance After Q1 Miss

Eni (ENI.MI) logged a weaker-than-expected first quarter but guided for improved conditions for the full year, which Berenberg dissected in a note published Wednesday.The Italian oil and gas company is rated hold with a price target of 22 euros.The research firm noted that first-quarter adjusted EBIT was 11% lower than consensus, while the 20% jump in full-year operating cash flow expectations and a 90% surge in its share buyback guidance were supported by higher commodity prices.However, expected lower results from Eni's downstream and global gas and LNG portfolio prompted analysts to cut their adjusted EPS projection for 2026 by 0.9%, and raise it by 1.1% and 1.5%, respectively, for 2027 and 2028."Eni has had an exceptional start to the year from an exploration standpoint ... Shareholder returns remain attractive, in our view, with a dividend yield of 4.4% and a buyback of around 4.2%, but after exceptional recent performance, we see better value elsewhere in the sector," analysts said.

$ENI.MI

Equities56d ago

BP Kept at Buy as Berenberg Notes Q1 'Exceptional Oil Trading'

BP (BP.L) logged solid results in the first quarter, Berenberg said, as it kept its buy rating and 7 pounds sterling price target on the British oil company unchanged."Management emphasised the ongoing focus on debt reduction, operational efficiency and capital discipline, and we continue to expect strong FCF generation and a rapid improvement in the balance sheet through the remainder of 2026 to drive enhanced shareholder value and outperformance versus peers," according to a Wednesday note.The research firm noted that the company's first-quarter oil earnings surpassed estimates by 20%, thanks to "exceptional oil trading" and stronger underlying cash flow, among others.Looking ahead, Berenberg raised its adjusted EPS forecasts for BP by 2.1% in 2026 and by 0.6% in 2028. The estimate for 2027 was cut 1.2%.

$BP.L

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Equities55d ago

TSX Closer: The Index Falls For a Fifth-Straight Session as the Bank of Canada Stands Pat

S&P/TSX CompositeS&P/TSX Composite$CXY