Five Shale Stocks to Watch Before Third-Quarter Earnings
Permian producers spent much of this year paying buyers to haul away the natural gas that comes up with their oil. Waha Hub spot prices stayed below zero for a record 90 days in a row before turning positive on June 16, Reuters reported, and the hub had averaged minus $2.19 per million British thermal units for the year up to that point. Four of the five companies below still posted record…
Five shale energy stocks are drawing attention as preliminary third-quarter earnings approach. Permian Resources reported record results in Q2, with adjusted free cash flow hitting a record $751 million. The company raised its full-year oil guidance and cut gas output due to favorable prices. Kinetik Holdings also saw a strong Q2, with organic growth driven by higher gas liquids recoveries and favorable commodity prices.
The company increased its 2026 EBITDA guidance and is expanding its processing facilities. Kodiak Gas Services spent heavily on power infrastructure and stock sales to fund growth, but its adjusted EPS dipped slightly. All three companies expect continued production increases despite challenging Waha Hub prices.
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