Williams Companies held its first-quarter 2026 earnings call earlier in May. CEO Chad Zamarin covered the company’s various commercial initiatives, while CFO John Porter reviewed the financial results and prospects.
Shell’s Q1 2026 earnings call made clear that the ARC Resources acquisition – as discussed in ‘Closer to the Heart’ is now the centerpiece of the company’s long-term North American gas and LNG growth strategy.
Expand Energy’s Q1 2026 earnings call made one thing clear: the company is positioning itself for a long-term structural growth cycle in U.S. natural gas demand, with LNG exports sitting at the center of the strategy.
Kinetik shut in about 170 MMcf/d of Permian natural gas production due to low Waha prices during Q1 2026, which was more than offset by “spread-based marketing gains” which helped it post a record quarterly EBITDA of $251 million, the company said during its earnings call this week.
Genesis Energy said during its earnings call May 7 that crude oil production from the four Phase 1 wells tied into its offshore Shenandoah floating production unit (FPU) dropped during the first quarter, causing it to revise its expectations for the remainder of the year. The company said the decline was related to efforts to optimize performance and preserve long-term volumes.
Tourmaline says Western Canada’s gas glut could disappear faster than markets expect on recent earnings call
Chevron reported sharply lower Q1 2026 earnings during its investor call May 1, weighed down by a $2.9 billion charge related to financial hedges and inventory accounting adjustments. Excluding those factors, earnings rose, helped by higher oil and gas production and stronger refining margins.
BP, which saw its earnings more than double to $3.2 billion in Q1 2026 due in large part to a spike in crude oil prices as a result of the war in Iran, said April 28 that the full effect of those higher prices on earnings and refinery margins won’t be felt until the second quarter.
Tourmaline's 2025 fourth quarter earnings call took place on March 5, 2026, and provided several insights into operational trends and the supply and demand balance in the Western Canadian gas market.
The oil and gas industry has historically been roiled by global economic and political crises, from the oil embargo in 1973 to the Great Recession of 2008 to the onset of the global pandemic in early 2020. However, amid the economic and political turmoil from the war in the Ukraine, rampant inflation and supply chain disruptions, E&P companies in recent weeks reported strong results for the first quarter of 2022, riding the wave of rising commodity prices as record volumes of cash flowed into corporate coffers. Producers successfully absorbed service cost increases and resisted calls to abandon their profits-focused fiscal discipline to generate Q1 2022 pre-tax operating earnings and cash flows that were up 25% and 12%, respectively, from the two-decade-high results recorded in the last quarter of 2021. In today’s RBN blog, we detail the industry’s outstanding results and preview its performance for the rest of the year.
