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ConocoPhillips COP Q1 2026 earnings

Reported April 30, 2026 · Before market open

Revenue$16.1BBeat by $435.7M
EPS$1.89Beat by $0.17
Revenue estimate$15.6B
EPS estimate$1.72

Next report

Nov 5, 2026 (in a month)
Revenue estimate$17.6B
EPS estimate$2.58

Financials

Q1 2026

Income statement

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Revenue$15.8B-4.6%
Gross profit$9.5B-8.2%
Net income$2.2B-23.4%
EPS (diluted)$1.78-20.2%

Balance sheet

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Cash & equivalents$6.2B-5.6%
Total debt$23.3B-4.5%
Total equity$64.5B-1.1%
Total assets$122.73B-1.2%

Cash flow

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Operating cash flow$4.3B-29.8%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$160.89B+21.2%
Enterprise value$177.94B+18.2%
P/E22×+8.1×
P/S2.8×+0.5×

Profitability

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp

Returns & leverage

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Return on equity11.3%-5.4pp
Debt / equity0.4×0.0×
Current ratio1.3×0.0×

Segments

By segment

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Canada Operating Segment$1.7B+9.2%
EMENA$1.6B-16.1%
Alaska Segment$1.5B-5.4%
Asia Pacific Operating Segment$501.0M+18.2%
Corporate$22.0M+22.2%

FAQ

When did ConocoPhillips report Q1 2026 earnings?
ConocoPhillips (COP) reported Q1 2026 earnings on April 30, 2026 before market open.
What were ConocoPhillips's Q1 2026 revenue and EPS?
ConocoPhillips reported revenue of $16.1B and eps of $1.89 for Q1 2026.
Did ConocoPhillips beat estimates in Q1 2026?
Revenue beat the consensus estimate of $15.6B by $435.7M. EPS beat the consensus estimate of $1.72 by $0.17.
How did ConocoPhillips's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 2.5% from $16.5B a year earlier and eps declined 9.6% from $2.09.
Where can I find ConocoPhillips's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001163165-26-000016) and the 10-Q periodic report (0001163165-26-000018) directly on SEC EDGAR. The filing index links above go to sec.gov.