The episode discusses the significant increase in oil and gas prices during Q1 2026 and its impact on the profitability of E&P companies.
Just as upstream producers settled into a lower-growth, shareholder-return-focused era, commodity prices moved sharply higher during Q1 2026. Today, we chronicle a massive rebound in profitability and cash flow from a dismal Q4 2025 for the 38 E&P companies we cover.