#earnings

ConocoPhillips quarterly report was just published. From the highlights a couple things stand out to me... Very high exposure to US shale in L48 and $5 billion more in planned divestitures for 2026 are on track.

What's getting sold next that can generate $5 billion? Underperforming US assets? Someone else speculated Montney?

ConocoPhillips announces third-quarter 2025 results; increases quarterly ordinary dividend by 8% and announces preliminary 2026 guidance
November 6, 2025
https://www.conocophillips.com/news-media/story/conocophillips-announces-third-quarter-2025-results-increases-quarterly-ordinary-dividend-by-8-and-announces-preliminary-2026-guidance

• Delivered total company and Lower 48 production of 2,399 thousand barrels of oil equivalent per day (MBOED) and 1,528 MBOED, respectively.
• Exceeded $3 billion in dispositions in 2025 and on track to meet $5 billion disposition target by year-end 2026.

Picture caption: For Fiserv reported very weak results last week. One analyst told clients earlier to get out, but his competitors kept telling them to buy. (Caleb Santiago Alvarado/Bloomberg News)

Stock analysts’ favorite line may no longer be “great quarter, guys,” given all the attention it got—including an academic study.

Sound familiar? Yup every earnings call for the last 4 years (obviously with the exception of last weeks). We here had been sounding the alarm for several years. Too little attention is given to associates concerns in 'right sizing' too much authority to leadership.

https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-11-06-2025/card/are-stock-analysts-useless--9eGo3EYP3SrymMcq1bnS?siteid=yhoof2

The management team documented headcount reductions at Investor Day and the materials are on investor.bankofamerica.com - read it for yourself.

https://d1io3yog0oux5.cloudfront.net/_921b404bf18d5836995d3afa5c212c04/bankofamerica/db/968/10447/file_upload/BofAInvestorDay_FullPresentation_Final.pdf

Page 61 (stamped 39) shows a clear and significant push reduction in headcount. The slide is titled “Continue to Drive Growth and EFFICIENCY thru strategic investments…”. Watch any interview with Brian (Maria Bartoromo for example) and he avoids the question on headcount reductions from our investments in AI. The presentation signals to investors headcount cuts are coming and of course just how wonderful the management team is doing. We lag peers on EVERY meaningful metric so investors said same tired BS and dumped the stock on a market up day. Investors laugh at “responsible growth” so now we have to rename it “Try to catch up to every peer we lag growth”.

Search for the word “efficiency” in the deck and it comes up 51 times with the last one on page 298 (stamped 22). Management is targeting an efficiency ratio of 55-59% and publishing that to investors. Management cannot control revenue. Management can only control expense. These targets only require a 10-20% headcount cut and it’s so super easy to do. The question is does Brian want reductions in the Q4 earnings release or Q1 2026.

AI baby!

I heard the “pu”s are safe: cpu/gpu/npu

Which teams are going then? Please be bangalore!

Read a bunch of the recent threads and something doesn't add up because the earnings looks fine? Stock jumped nearly 40% and it isn't even lunch yet.

We have a new AI leader announced. Timing? Like last time. Something to point hope at for an earnings call? Or a good move? Should I be hopeful or skeptical?

What do you think? I can’t tell anymore…

What a coincidence. Check the career pages, it says that due to an upgrade the open jobs can’t be shown. Until Nov 13. When earnings will be published. Big LR and hiring freeze incoming

Knowing earnings are this week, should we be worried about a layoff coming with it? Part of me thinks it’s not going to be until the new year, but with so many other companies announcing layoffs, I’m not sure if we wait.

Why does UP stock su-k so bad. They are always painting a picture of rainbows and unicorns. With earnings, safety, merger talk. Shareholders must know they are full of s$$$. Because the stock just wants to drop no matter what.

This is pure speculation but with the earnings call AND CX Summit coming up, I would assume now's the time to announce the new CEO, right?

Funny Veridigm reported its revenue for 2025 will be flat keeping pace with last year which probably keeps pace with many of Paul Blacks, Rick Polton years. Flat Line in Healthcare means death. No sings of life. My question is can anyone point a meaningful sale over past several years?

What does today’s earnings call mean?

They have to do it once a year, by SEC regulation, and 3 quarters are gone now, so it will be December. As bad as it was, the next call will be a lot worse.

Why did the market react negatively to today's earnings call?

Well, that was a sobering speech from the CEO. Good luck to everyone!!!

Will it make a difference or is it temporary?

Another set of disastrous results, yet another excuse of word salad - "While continued macro volatility and near-term uncertainties on government funding decisions weighed on transactional print this quarter“

RESIGN NOW CEO !

Merchant Solutions grew 5% for the quarter, with small business organic revenue growth at 6% and Clover revenue up 26%. SaaS penetration in Clover reached 26%.

• Gutted the clover like anything still performing better than actual $FI.

Clover keeping alive FI if not for clover, This stock would plunge to be a penny stock.

https://www.forbes.com/sites/brucejapsen/2025/10/29/cvs-reports-big-loss-on-devalued-oak-street-centers-but-aetna-costs-are-stabilizing/

Karen is gone but the shareholders really should consider firing the board of directors.

APA has been very quiet lately. There’s little talk about their subsidized position in Suriname 🇸🇷 or the 25ft of pay they discovered in a 10,000 ft well..

What’s really going on?
Will Apache sell Egypt?

The market does not think APA wants to P&A both the GoA and the North Sea…when they can drop it off on bp and Exxon….Just like Fieldwood did to them…
JC 2026 is the year that APA gets smaller

We’re Wall Street’s darling again. Hurrah! Yipeeee!

We’re soaring, we’re flying, there’s not a night stand that we cannot sell.

Everyone is safe and the stock will be at $500 by Christmas.

Did anyone see the Fiserv earning and subsequent drip of 44% in the stock price. FIS in sympathy is down 9%. Announcement off 100k of layoffs between the mag 7. Things are starting to fet real.

Is this what Mike and the Board were expecting?
And what is with moving back to the NASDAQ - feels like Mike is listening to Jeff Yabuki - "low single digit revenue grower and a durable company".

From AI
n the third quarter of 2025, Verizon Communications Inc. reported mixed results: earnings per share (EPS) of $1.17 (or $1.21 adjusted) met analyst expectations, while total operating revenue of $33.8 billion fell slightly short of estimates. Key positives included a significant increase in net income to $5.1 billion and growth in both wireless service and equipment revenues, with a year-over-year increase of 1.5% in total operating revenue. The company also reduced its unsecured debt and raised its dividend for the 19th consecutive year

“
“We are going to take bold and fiscally responsible action to redefine Verizon’s trajectory at this critical inflection point for our company. We will rapidly shift to a customer-first culture, one that thrives on delighting our customers,” said Dan Schulman, Verizon CEO. “These will not be incremental changes. We will aggressively transform our culture, our cost structure, and the financial profile of Verizon in order to put our customers first, compete effectively, and deliver sustainable returns for our shareholders.””

opening this up for reactions once we release in the morning

• UPS on Tuesday beat Wall Street estimates in its third-quarter earnings report.
• The company said it’s cut around 48,000 jobs this year as part of its plan to turn around the business.
• Shares of the company soared following the release.

https://www.cnbc.com/2025/10/28/ups-earnings-q3-2025.html

The defense contractor L3Harris Technologies finds itself at a critical juncture, presenting investors with a complex puzzle. While the company secures a multi-billion dollar international defense agreement, significant stock sales by its top executives and a legal scandal involving a former manager are creating headwinds.

Recent regulatory filings reveal a notable trend among L3Harris leadership. Chief Executive Officer Christopher Kubasik substantially reduced his equity position by selling 83,000 shares, representing a decrease of more than 36 percent in his holdings. This transaction forms part of a broader pattern where company insiders have disposed of securities valued at over $53 million during the past quarter.

These substantial disposals by key management figures emerge alongside troubling legal developments. Federal prosecutors have brought charges against a former L3Harris manager, alleging the individual transferred eight confidential business secrets to a Russian buyer. Although the company is no longer associated with the accused, the case potentially impacts market confidence in the organization's governance and security protocols.

Counterbalancing these concerns, L3Harris announced a landmark $2.26 billion contract with the South Korean air force. The agreement involves supplying four cutting-edge airborne early warning and surveillance aircraft based on modified Bombardier Global 6500 jets. Deliveries for this strategic asset are scheduled between 2030 and 2032, enhancing the allied nation's military capabilities in the crucial Indo-Pacific theater.

Christopher Kubasik emphasized the transaction's significance, stating the company "will deliver an advanced fleet that will strengthen the operational capacity of a key American ally." This substantial order reinforces L3Harris's competitive standing in surveillance and command systems—technologies experiencing growing global demand amid current geopolitical tensions.

Investors now face conflicting signals as they assess the defense contractor's prospects. The substantial South Korean order demonstrates compelling operational strength and international demand for the company's products. Conversely, the scale of insider selling activity introduces uncertainty about management's outlook.

Market attention now turns to the upcoming quarterly earnings report scheduled for Thursday. These financial results may either alleviate concerns sparked by the executive stock sales or validate market apprehensions. The share price has recently demonstrated resilience, trading comfortably above its key moving averages, but the coming days will determine whether L3Harris can translate these contrasting developments into sustained growth momentum.

General Motors Co. laid off more than 200 salaried employees on Friday, mostly at its Tech Center in Warren, Michigan, according to Bloomberg.

The cuts, announced around 7 a.m. via a Slack message, were attributed to “business conditions” rather than performance, according to people familiar with the meeting.

https://www.zerohedge.com/markets/gm-cuts-200-jobs-michigan-tech-center-days-after-stronger-expected-earnings-report

What are the chances that if earnings don’t go well on Wednesday, they won’t do the standard all-hands call (like the cowards didn’t in Q2).

I guess It’s too hard to fellate each other on stage when your incompetence is laid out in black and white for all to see.

Was she watching the same 3rd Quarter Earnings?

It's Q3 earnings day. I guess we'll find out how bad it is.

Listening to the earnings call I’d PAINFUL!

Under what conditions will the Model E recover its development costs and investments, CE1 is do or die.

Share price continues to decline after earnings and sales misses. Fiber deployment might be necessary for survival but its not a growth strategy. Fiber is mostly business related - with the economy slowing expect less growth or decline in fiber related revenues. Mobility sales might be a bit better with consumer segment holding up better.

There is no growth driver other than HC reduction in the near term so expect no significant increase in share price even after this sell off. The 16% share price decline since 9-15, which accounts for about four years of dividends, will not be reversed in the near future which is reflected in analyst downgrades. Given the very large decline in share prie prior to the earnings annoucement it is likely the word got out to selected individuals inside and outside the company. The share buyback program has also been a bust having little impact on the share price decline.

What does the future hold? - flat revenues, flat earnings per share, no recovery in share price, no increase in the dividend, a very slow reduction in long term debt (maybe), and a significant reduction in HC.

To be sure AT&T is a slow growth dividend stock that because of technology needs fewer employees over time but just think how much better it would be without $200 billion in long term debt, more spectrum, and better outside management. When Stephenson became CEO the share price was $39.47. When he left it was under $30. Now its under $25. Unfortunately, there is no hope of a change in top management and the BOD. No hope.