Energy Transition & Power Demand▲impact 4
Energy Stocks Jump as Trump Announces Economic Warfare Against Iran
Shares of Talos Energy, Transocean, HighPeak Energy, and Murphy Oil surged after President Donald Trump announced broader economic warfare against Iran, driving oil prices higher. Trump said on Truth Social he would launch 'the most crushing economic operation ever taken against any country,' causing West Texas Intermediate and Brent crude contracts to surge. Talos Energy jumped 5.1%, Transocean rose 2.9%, HighPeak Energy gained 3.1%, and Murphy Oil climbed 4.3%. The escalation also dimmed near-term hopes that a U.S.-Iran deal would reopen the Strait of Hormuz, a critical oil choke point.
Yahoo Finance·6dRead more ▾
Energy Transition & Power Demand▲impact 4
Energy Stocks Jump After Iran Rules Out Extending Hormuz Memorandum
Energy stocks jumped in afternoon trading after Iran ruled out extending a 60-day memorandum of understanding with the United States. The June 17 memorandum was meant to reopen the Strait of Hormuz while the two sides negotiated a nuclear deal within 60 days, CNBC reported. President Trump told Fox News he has no time schedule and is not in a hurry, while a senior Iranian official told Reuters that Tehran would shift from defense to offense if diplomacy fails. Oilfield services company ProPetro jumped 4.4%, Patterson-UTI jumped 5.3%, and U.S. shale E&P company HighPeak Energy jumped 4.3%. Patterson-UTI is up 86.9% since the beginning of the year and trading close to its 52-week high of $12.85 from May 2026.
CNBC·9dRead more ▾
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U.S. Shale Majors Cut Spending Despite Higher Oil Prices
U.S. shale oil majors are trimming spending plans despite higher international oil prices, choosing to reduce debt and boost shareholder returns instead of expanding production. Bloomberg reported that Chevron and ConocoPhillips cut spending by 10% in the first half of the year, while Occidental slashed Permian operations spending by as much as a fifth, with APA Corp., HighPeak Energy, and Matador also spending less. The International Energy Agency expects a global oil market deficit of 1.8 million barrels daily, yet U.S. crude production growth has slowed to 2.5 million barrels daily between 2020 and May 2026, compared with over 4 million barrels daily from December 2016 to January 2020. The Energy Information Administration forecasts 2025 average daily production of 13.8 million barrels, a modest 200,000-barrel-per-day increase from a year ago, despite a physical supply squeeze and continued Middle East tensions. Analysts note a structural shift toward fiscal discipline and shareholder returns, with well productivity declines also limiting output growth.
Oilprice.com·9dRead more ▾
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EnerSys, Sabre, HighPeak Energy rise on strong results
Several companies made notable moves this week on earnings and outlook news. EnerSys rose 5.7% on Thursday after reporting first-quarter fiscal 2027 results with strong earnings growth and guidance above Wall Street expectations. Sabre gained 6.3% on Thursday after posting strong second-quarter 2026 results, raising its full-year profitability outlook, and revealing new client wins. Corning fell 2.7% on Monday after reports that key customer Apple scrapped its planned all-glass 20th-anniversary iPhone model, raising concerns about future demand for specialty glass. HighPeak Energy rose 5.4% on Tuesday after reporting second-quarter 2026 results that surpassed Wall Street expectations, driven by surging crude oil prices and disciplined capital expenditures.
Yahoo Finance·10dRead more ▾
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Amentum, Upwork, Aramark, HighPeak Energy, MercadoLibre move on earnings
Several stocks made big moves yesterday on earnings news. Amentum fell 6% after third-quarter results missed Wall Street expectations for revenue and profit. Upwork dropped 10.2% after second-quarter results came with weak forward guidance, prompting multiple analysts to lower price targets. Aramark rose 9.8% after reporting better-than-expected third-quarter 2026 results. HighPeak Energy gained 5.4% after second-quarter 2026 results comfortably surpassed expectations, driven by surging crude oil prices and disciplined capital expenditures.
Yahoo Finance·12dRead more ▾
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HighPeak Energy Q2 production and costs beat guidance, capital spending accelerated
HighPeak Energy reported second-quarter results with production above its guidance range and lease operating expenses about 13% below the midpoint of full-year guidance. For the first half of 2026, production averaged 45,500 barrels of oil equivalent per day, while unit lease operating expense averaged $7.56 per BOE. Adjusted EBITDAX reached approximately $281 million in the first half. The company invested $185.9 million in the first half after accelerating completion work to capture favorable pricing and efficiency gains, and expects materially lower spending in the second half while maintaining strong production and free cash flow. HighPeak ended the quarter with $146 million in cash and plans to make $30 million quarterly term-loan payments beginning in the third quarter.
MarketBeat·15dRead more ▾
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StockStory Names EQT and HighPeak Energy as Top Picks, Advises Caution on ExxonMobil
StockStory highlights two energy stocks to consider and one to avoid. EQT, the largest U.S. natural gas producer by daily volume, posted 15.4% annual revenue growth over the past decade and improved its EBITDA margin by 27 percentage points in five years. HighPeak Energy, operating in the Midland Basin, achieved 78.2% annual revenue growth over five years and a best-in-class gross margin of 78.8%. Meanwhile, ExxonMobil is flagged for a below-peer gross margin of 44.1% and stagnant EBITDA margin over the same period.
StockStory·56dRead more ▾
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Texas Pacific Land misses Q1 estimates as U.S. shale E&P stocks face post-earnings selloff
Texas Pacific Land reported first-quarter revenues of $236.8 million, up 20.8% year on year but falling short of analysts' expectations by 0.8%, with a significant miss on EBITDA estimates. The company, one of America's largest private landowners with roughly 868,000 acres in the Permian Basin, saw its stock drop 11.9% since reporting. Among the 11 U.S. shale E&P stocks tracked, the group beat revenue consensus by 2.7% on average, yet share prices are down 12.7% on average since their latest earnings. Chord Energy posted the strongest results, with revenues of $1.67 billion beating estimates by 33.1%, though its stock still fell 19.6%. Other notable performers included Matador Resources, which missed revenue expectations by 23%, and HighPeak Energy, which beat revenue estimates by 1.3% and saw its stock rise 10%.
Yahoo Finance·62dRead more ▾
HPK▼impact 4
Weatherford and HighPeak Energy Shares Fall as Oil Prices Drop to Pre-War Lows
Shares of Weatherford and HighPeak Energy declined sharply as crude oil prices fell to their lowest level since the start of the Iran conflict, driven by tankers resuming transit through the Strait of Hormuz and signs of progress toward ending the war. Weatherford, a mixed or offshore upstream exploration and production company, dropped 4.5 percent, while U.S. shale exploration and production company HighPeak Energy fell 2.9 percent. The broader S&P 500 energy index fell about 2.45 percent, with West Texas Intermediate crude down roughly 4 percent to near 70 dollars a barrel and Brent down about 4 percent to near 74 dollars, the lowest since February 27. The resumption of tanker crossings with transponders on, safety guarantees cited by the International Maritime Organization, and the International Energy Agency estimating UAE exports near 85 percent of pre-war levels contributed to the price decline. Separately, President Trump ordered a Department of Justice probe into why pump prices have not fallen faster, accusing oil companies of gouging.
Yahoo Finance·63dRead more ▾