COP · 10-Q · 2026Q3 · Full report
Net Income and Profitability
CONOCOPHILLIPS · 2026-11-05 · Importance 65 · Surprise 64 · From source text
ConocoPhillips reported third-quarter 2026 net income of $4.001 billion, compared with $1.726 billion in the third quarter of 2025; nine-month net income rose to $10.115 billion from $6.546 billion. Third-quarter basic earnings per share increased to $3.34 from $1.38, while nine-month EPS rose to $8.33 from $5.18. Lower 48 earnings increased to $2.461 billion for the quarter from $1.240 billion and to $6.448 billion for nine months from $4.429 billion. Alaska quarterly earnings were $423 million versus $130 million, while EMENA quarterly earnings were $362 million versus $327 million.
Key facts
- ConocoPhillips recorded net income of $4.001 billion for the three months ended September 30, 2026, compared with $1.726 billion for the same period in 2025. source
- ConocoPhillips recorded net income of $10.115 billion for the nine months ended September 30, 2026, compared with $6.546 billion for the same period in 2025. source
- Lower 48 reported earnings of $2,461 million and $6,448 million for the three- and nine-month periods ended September 30, 2026, compared with $1,240 million and $4,429 million in the corresponding 2025 periods. source
- Alaska reported earnings of $423 million and $1,239 million for the three- and nine-month periods ended September 30, 2026, compared with $130 million and $592 million in the corresponding 2025 periods. source
- Lower 48 third-quarter 2026 earnings included $1,822 million of higher sales revenues from higher realized prices and $78 million of lower production and operating expenses, partly offset by $94 million from lower volumes and $60 million of higher DD&A. source
- Lower 48 nine-month 2026 earnings included $3,211 million of higher sales revenues from higher realized crude and NGL prices and $420 million of lower production and operating expenses; decreases included $611 million from lower gas prices and $315 million from lower volumes. source
- Alaska's nine-month 2026 earnings included $838 million of higher sales revenues from higher realized prices, partly offset by $98 million from lower produced volumes. source
- Alaska's third-quarter 2026 earnings included $302 million of higher sales revenues from higher realized prices and $25 million from higher produced volumes. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | positive | realized | +20.8% | ConocoPhillips recorded net income of $10.115 billion for the nine months ended September 30, 2026, compared with $6.546 billion for the… |
| revenue | positive | realized | +18.7% | Lower 48 nine-month 2026 earnings included $3,211 million of higher sales revenues from higher realized crude and NGL prices and $420… |
| revenue | positive | realized | +10.6% | Lower 48 third-quarter 2026 earnings included $1,822 million of higher sales revenues from higher realized prices and $78 million of lower… |
| revenue | negative | realized | -3.5% | Lower 48 nine-month 2026 earnings included $3,211 million of higher sales revenues from higher realized crude and NGL prices and $420… |
| operating_income | positive | realized | +2.4% | Lower 48 nine-month 2026 earnings included $3,211 million of higher sales revenues from higher realized crude and NGL prices and $420… |
| revenue | negative | realized | -1.8% | Lower 48 nine-month 2026 earnings included $3,211 million of higher sales revenues from higher realized crude and NGL prices and $420… |
| revenue | negative | realized | -0.6% | Lower 48 third-quarter 2026 earnings included $1,822 million of higher sales revenues from higher realized prices and $78 million of lower… |
| operating_income | positive | realized | +0.5% | Lower 48 third-quarter 2026 earnings included $1,822 million of higher sales revenues from higher realized prices and $78 million of lower… |
| operating_income | negative | realized | -0.3% | Lower 48 third-quarter 2026 earnings included $1,822 million of higher sales revenues from higher realized prices and $78 million of lower… |