Avery Schumer
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Avery Schumer in Sector Report,

Energy companies may rain on S&P 500 earnings parade

Energy companies are likely to be spoilers, with the sector expected to post an earnings decline of 65% year-over-year, as crude-oil prices remain depressed.

By segment, upstream, or exploration-and-production, earnings are projected to slump 95% while midstream (transportation, storage, marketing) is expected see earnings fall 25% and downstream (refining-and-processing) earnings forecast to slide 42%, according to RBC Capital Markets.