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Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell

(Updates with the stock move in the headline and the last paragraph.)Tenaris (TS) reported Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.Tenaris shares were down 6.1% in premarket activity Thursday.

$TS

Equities93d ago

Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

Hallador Energy (HNRG) reported a Q1 net loss late Wednesday of $0.20 per diluted share, swinging from earnings of $0.23 a year earlier.Analysts polled by FactSet expected a $0.11 loss.Sales and operating revenue for the quarter ended March 31 were $101.8 million, down from $117.7 million a year earlier.Analysts polled by FactSet expected $102.3 million.The company signed a 12-year deal to sell a "substantial" portion of its accredited capacity to a subsidiary of a utility from 2028 through 2040, Hallador said. The deal initially covers a smaller volume of accredited capacity in 2028, rising to two-thirds of the capacity starting in 2029 through 2040.The company expects to generate more than $1 billion in revenue from the deal, which is subject to regulatory approvals, expected in H2 2026.Hallador shares were up 15% in premarket activity Thursday.

$HNRG

Equities93d ago

Eni Advances Indonesia Gas Development Plans After Successful Geliga-1 Well Test

Eni's (ENI) Geliga-1 offshore Indonesia discovery delivered strong drill stem test results, confirming robust reservoir productivity and underscoring the strategic significance of the Kutei Basin, the company said Thursday.During testing, the well flowed at up to 60 million standard cubic feet per day, constrained by rig capacity and with minimal pressure drawdown. Eni estimates the well could sustainably produce about 200 MMSCFD of gas and 10,000 barrels per day of condensate.Eni drilled Geliga-1 in the Ganal Block about 70 km offshore East Kalimantan in roughly 2,000 meters of water, encountering a major Miocene gas column estimated to contain about 5 trillion cubic feet of gas and 300 million barrels of condensate in place, it said.Eni, which operates the Ganal PSC with an 82% stake alongside Sinopec's 18%, plans to transfer the asset to its proposed Eni-PETRONAS joint venture, Searah, which is expected to close in Q2 2026, it added.

Equities93d ago

Update: Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

(Updates to add European Commission's statement)The European Commission is said to be evaluating a plan to suspend methane emission penalties during periods of energy supply instability, such as the disruptions in the Middle East, London's Financial Times reported Wednesday.The commission is scheduled to enforce new rules on monitoring, reporting and verifying methane leaks in January 2027. However, a new draft guidance seen by the news outlet stated that applying the fines amid an energy crisis could "worsen the security of supply situation, endangering continuity."Under the original regulation, maximum penalties are up to 20% of annual revenue, but the new proposal suggests the fines could be shelved indefinitely and only be reinstated if "the risk to the security of supply is no longer present," the Financial Times added.A European Commission spokesperson had no comment when reached by, saying the commission does not comment on leaked or internal documents.(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.)

^SXXP

Equities93d ago

Eni Says Geliga-1 Gas Discovery Test in Indonesia Backs Accelerated Development Plans

Eni (ENI.MI) said Thursday a drill stem test at its offshore Geliga-1 gas discovery in Indonesia showed high deliverability, supporting accelerated development plans in the Kutei Basin.The Italian oil and gas company noted that the reservoir flowed at rates of up to 60 million standard cubic feet per day during testing, constrained by rig facilities, with limited pressure drawdown.The test showed that the Geliga‑1 well can sustainably produce about 200 million standard cubic feet per day of gas and around 10,000 barrels per day of condensate.

Financial News · Live Terminal

Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell

Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

Eni Advances Indonesia Gas Development Plans After Successful Geliga-1 Well Test

Update: Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

Eni Says Geliga-1 Gas Discovery Test in Indonesia Backs Accelerated Development Plans

Shell Q1 Adjusted Earnings, Revenue Rise

Royal Vopak to Buy Majority Stake in BESS Developer Green Energy Storage

RBC Tweaks Price Target, Estimates for Equinor After 'Strong' Q1 Results

Shell Launches $3 Billion Share Buyback

Shell Posts Higher Q1 Income, Revenue

Harbour Energy's Q1 Production, Revenue Grows

Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

Norway's BlueNord Places $400 Million of Senior Unsecured Bond

Rex International Names COO

Diversified Energy, Carlyle to Buy Camino Natural Resources' Assets for $1.18 Billion

Market Chatter: US Studying Oil Drilling Under Military Bases to Refill Reserve

Energy Fuels Q1 Loss Narrows, Revenue Rises

Earnings Flash (UUUU) Energy Fuels Posts Q1 Revenue $35.8 Million, vs. FactSet Est of $31.3 Million

Earnings Flash (UUUU) Energy Fuels Posts Q1 EPS -$0.04

Magnolia Oil & Gas Fiscal Q1 EPS Flat, Revenue Rises

Update: Tenaris Q1 Earnings, Revenue Rise; Flags Q2 Sales Hit; Shares Down Pre-Bell

Hallador Swings to Q1 Loss, Revenue Falls; 12-Year Capacity Deal for $1 Billion Signed; Shares Up Pre-Bell

Eni Advances Indonesia Gas Development Plans After Successful Geliga-1 Well Test

Update: Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

Eni Says Geliga-1 Gas Discovery Test in Indonesia Backs Accelerated Development Plans

Shell Q1 Adjusted Earnings, Revenue Rise

Royal Vopak to Buy Majority Stake in BESS Developer Green Energy Storage

RBC Tweaks Price Target, Estimates for Equinor After 'Strong' Q1 Results

Shell Launches $3 Billion Share Buyback

Shell Posts Higher Q1 Income, Revenue

Harbour Energy's Q1 Production, Revenue Grows

Market Chatter: EU Reportedly Weighs Methane Fine Suspension Amid Energy Security Concerns

Norway's BlueNord Places $400 Million of Senior Unsecured Bond

Rex International Names COO

Diversified Energy, Carlyle to Buy Camino Natural Resources' Assets for $1.18 Billion

Market Chatter: US Studying Oil Drilling Under Military Bases to Refill Reserve

Energy Fuels Q1 Loss Narrows, Revenue Rises

Earnings Flash (UUUU) Energy Fuels Posts Q1 Revenue $35.8 Million, vs. FactSet Est of $31.3 Million

Earnings Flash (UUUU) Energy Fuels Posts Q1 EPS -$0.04

Magnolia Oil & Gas Fiscal Q1 EPS Flat, Revenue Rises