ConocoPhillips Q2 2026 Earnings Preview: Analysts Expect 108.5% EPS Surge
ConocoPhillips (COP) is set to report Q2 2026 earnings on August 6 before market open. Analysts expect diluted EPS of $2.96, a 108.5% increase from $1.42 a year ago. The company has beaten or met estimates in three of the last four quarters. For fiscal 2026, full-year EPS is projected at $9.20, up 49.4% from fiscal 2025, but a decline of 11.5% is expected in fiscal 2027. COP stock has risen 26.2% over the past year, outperforming the S&P 500 but lagging the energy sector ETF XLE. Recent gains were driven by geopolitical tensions: US strikes against Iran and Iraqi retaliation against US bases have pushed WTI crude prices up 4% on July 17. Analysts are moderately bullish, with 15 'Strong Buy' ratings, 4 'Moderate Buy', and 7 'Hold'. The average price target is $139.58, implying 20.7% upside.
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