Energy Set to Lead Earnings Season With Profit Growth Near 128%
FactSet estimates energy earnings in the S&P 500 could jump about 128%, roughly twice the tech sector's rate. Halliburton kicks off reporting on Tuesday.
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what happened
Citing estimates from FactSet, Barron's reports that energy companies in the S&P 500 may see earnings per share rise about 128% this season, roughly twice the growth expected for tech. Halliburton, the largest oil services firm for U.S. shale, opens the season on Tuesday.
Second-quarter energy earnings rose 146% when international oil averaged $98 a barrel. Third-quarter prices slipped slightly to $91, yet gains remain strong, which surprises analysts who expected the Iran conflict to ease by midsummer. Several stocks, including ExxonMobil Holdings, already trade at or near record highs. The key questions are how producers will use their cash and whether they will expand drilling. U.S. rig counts on land are up 10% this year, but Halliburton's expected earnings are flat at 58 cents a share.
why it matters
The picture is mixed for markets. High oil prices support producers' profits, while the services segment, where earnings are expected to decline on average, needs faster drilling growth to benefit. Halliburton's results will show how quickly shale investment is recovering.
market impact
US oil and gas stocks: strong producer profits support the sector; services firms depend on a drilling recovery
tags
instruments
sources
- Forget Tech. Energy Will Be The Big Winner This Earnings Season. — Barrons.com, 19 October 2026 at 21:33 UTC
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