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ConocoPhillips COP Alaska Segment — Net income (loss)

Other segment segments

Lower 48
$1.4B-21.6%
Lower Forty Eight
$835M
Asia Pacific Operating Segment
$295M-5.1%
EMENA
$265M-36.8%
Corporate
-$159M+37.4%
Canada Operating Segment
$85M-66.8%

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Other financials

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%
CapEx$3.0B-75.5%
Free cash flow$1.3B

Valuation

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Market cap$146.78B+25.2%
Enterprise value$163.83B+20.6%
P/E20.1×+7.3×
P/S2.5×+0.5×

Profitability

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Gross margin61.5%-2.2pp
Net margin12.6%-4.0pp
FCF margin12.3%

Returns & leverage

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

Where this comes from

Reported directly by ConocoPhillips in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: ConocoPhillips’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 7:41 AM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001163165-26-000018
Three Months Ended March 31, 2026Millions of Dollars / AlaskaMillions of Dollars / L48Millions of Dollars / CanadaMillions of Dollars / EMENAMillions of Dollars / APMillions of Dollars / Segments TotalMillions of Dollars / CorporateMillions of Dollars / Consolidated Total
Interest and debt expense198198
Other**3105,9785642361277,2151597,374
Total3105,978564141(37)6,9562607,216
Net income (loss)$2941,403852652952,342(159)2,183
#Includes revenue from physical contracts meeting the definition of a derivative that are outside the scope of ASC Topic 606 for the L48, Canada and EMENA segments of $1.7 billion, $0.2 billion and $0.2 billion, respectively.
*The significant segment expense categories and amounts in the table above align with segment-level information that is regularly provided to the CODM.
**Other segment items not required to be separately disclosed for each reportable segment include:
Gain (loss) on dispositions: L48 and Corporate

Item 1. Financial Statements

FAQ

What is ConocoPhillips's alaska segment — net income (loss)?
ConocoPhillips (COP) reported alaska segment — net income (loss) of $294M in Q1 2026.
How has ConocoPhillips's alaska segment — net income (loss) changed year-over-year?
ConocoPhillips's alaska segment — net income (loss) decreased by 10.1% year-over-year, from $327M to $294M.
What is the long-term trend for ConocoPhillips's alaska segment — net income (loss)?
Over 4 years (2021 to 2025), ConocoPhillips's alaska segment — net income (loss) has grown at a -14.8% compound annual growth rate (CAGR), from $1.39B to $730M.
What does alaska segment — net income (loss) mean?
This metric represents the net profit or loss generated by the company's exploration and production operations located in the Alaska region. It reflects the segment's operational efficiency, production costs, and the impact of regional commodity price realizations after accounting for taxes and operating expenses. This figure is a key indicator of the profitability of the company's legacy and core North American upstream assets.

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