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7 Top Energy Companies Reporting Earnings Tuesday

Now that the country’s two supermajor energy companies have revealed second-quarter earnings, it’s time for some of the industry’s smaller players to report. We’re going to take a look at five of them, plus one more supermajor and one big refiner that are all on tap for Tuesday.

U.S. inventories of crude oil have declined slowly over the past few weeks and rig counts are reasonably stable. Production has been down a little and second-quarter price spreads have been narrower. How this will affect the smaller exploration and production companies remains to be seen.

Before we take a look at the smaller firms, here are some notes for the two largest firms reporting earnings Tuesday.

BP PLC (NYSE: BP), with its market cap of around $114 billion, is the biggest company on tap Tuesday. The Britain-based giant is expected to report earnings per American depositary share of $0.18 on sales of $48.88 billion. The profit estimate is down a third compared to last year’s second-quarter profit, with sales up about 5%. The company’s dividend yield is a mighty 6.83%, and there is some concern among investors that such generosity might wither.

Refiner Phillips...