Shell (UK) (NL:SHELL)
:SHELL
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.17Last Year’s EPS
0.62Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, robust adjusted earnings (~$7bn) and >$17bn cash flow from operations (ex‑WC), decisive capital allocation (5% dividend increase and $3bn buyback), strategic M&A (ARC acquisition) and concrete cost reduction progress (>$5bn delivered toward a $5–7bn target). Offsetting these positives are significant transitory headwinds: a large ~$11bn working capital outflow, the Pearl GTL outage and Qatar LNG volume disruptions due to the Middle East conflict, depressed chemical margins and lease accounting that temporarily increases reported leverage. Management frames most negatives as temporary or manageable (expect reversal of working capital, <$0.5bn repair cost, price‑lag effects to support IG), while many positives reflect durable operational and strategic improvements.Company Guidance
Strong Earnings and Cash Generation
Adjusted earnings of just under $7.0 billion for Q1 2026 and cash flow from operations (excluding working capital) of over $17.0 billion.
Operational Outperformance in Upstream
Record production in Brazil; Bonga turnaround completed 10 days ahead of plan; Mars platform reached cumulative 1 billion barrels of oil produced — demonstrating strong operational execution.
Integrated Gas Resilience and LNG Canada Ramp-up
LNG Canada ramp-up helped offset outages (e.g., cyclones in Australia, Qatar shutdown). LNG trading & optimization broadly in line QoQ, with price‑lag effects expected to benefit IG into Q2.
Refining, Marketing and Trading Strength
Refining utilization at 99%; significantly higher trading & optimization contributions drove Products segment results; Marketing performed well despite higher feedstock prices; lubricants delivered a materially strong quarter (analyst commentary noted ~+30% vs prior peak results).
Strategic ARC Resources Acquisition and Growth Upgrade
Announced acquisition of ARC Resources (75% share, 25% cash) adding ~400,000 barrels/day of production potential, accelerating expected compound annual production growth to 4% to 2030 (up from ~1% vs 2025). Deal increases 2026 cash CapEx guidance to $24–$26 billion (including ~$4 billion for ARC).
Disciplined Capital Allocation & Shareholder Returns
Rebalanced distributions with a 5% dividend increase and a $3 billion share buyback program over the next three months; reaffirmed 40–50% of CFFO through‑the‑cycle distribution policy; company highlighted $65 billion of buybacks bought back over the last four years as evidence of value‑oriented execution.
Material Cost Reduction Progress
Achieved $5.1 billion of the $5–$7 billion OpEx reduction target communicated at Capital Markets Day; company is targeting the top end ($7 billion) over coming quarters.
Balance Sheet Strength (Ex-Leases)
Net debt including leases of $52.6 billion, but net debt excluding leases approximately $22.0 billion — management states balance sheet remains strong and flexible.
NL:SHELL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NL:SHELL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | €36.82 | €35.77 | -2.85% |
Feb 05, 2026 | €32.63 | €31.40 | -3.79% |
Oct 30, 2025 | €31.84 | €31.91 | +0.25% |
Jul 31, 2025 | €30.03 | €30.32 | +0.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Shell (UK) (NL:SHELL) report earnings?
Shell (UK) (NL:SHELL) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Shell (UK) (NL:SHELL) earnings time?
Shell (UK) (NL:SHELL) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Shell (UK) stock?
The P/E ratio of Shell (UK) is N/A.
What is NL:SHELL EPS forecast?
NL:SHELL EPS forecast for the fiscal quarter 2026 (Q2) is 1.17.
