Energy

Chevron (NYSE:CVX) Q2 Adjusted Earnings, Revenue Decline

/ / Energy /

Chevron (NYSE:CVX) reported Q2 adjusted earnings Friday of $3.08 per diluted share, down from $5.82 a year earlier. Analysts polled by Capital IQ expected $2.98. Revenue for the quarter ended June 30 was $48.90 billion compared with $68.76 billion a year earlier. Analysts surveyed by Capital IQ estimated $48.00 billion. Chevron said its board declared a quarterly dividend of $1.51 per share, payable Sept. 11 to shareholders on record as of Aug. 18.

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Enphase Energy (NASDAQ:ENPH) Q2 Non-GAAP EPS, Revenue Gain; Authorizes $1 Billion Share Buyback Plan

/ / Energy /

Enphase Energy (NASDAQ:ENPH)  reported Q2 non-GAAP diluted earnings per share of $1.47, up from $1.07 a year earlier. Analysts polled by Capital IQ expected a normalized EPS of $1.27. Revenue for the quarter ended June 30 was $711.1 million, up from $530.2 million a year ago. Analysts surveyed by Capital IQ expected $726 million. The company has authorized an additional $1 billion share buyback program that expires on July 26, 2026. For Q3, the company expects revenue in the range of $550 million to $600 million versus the Street’s estimates of $743.6 million

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First Solar (NASDAQ:FSLR) Q2 Earnings, Revenue Increase; Reiterates Outlook

/ / Energy /

First Solar (NASDAQ:FSLR) reported Q2 earnings of $1.59 per diluted share, up from $0.52 a year earlier. Analysts polled by Capital IQ expected $0.94. Net sales for the quarter ended June 30 were $810.7 million, up from $621 million a year earlier. Analysts surveyed by Capital IQ expected $719.4 million. The company reiterated its 2023 EPS guidance between $7.00 and $8.00 and also reaffirmed revenue outlook of between $3.4 billion and $3.6 billion. Analysts polled by Capital IQ expect $7.22 and $3.46 billion.

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