Shell (SHEL) to Release Earnings on Thursday

Key Points

• Shell will report Q1 2026 results before the market opens on Thursday, May 7, with analysts forecasting EPS $1.86 and revenue of about $71.62 billion; the earnings call is scheduled for 9:30 AM ET.
• Near-term catalysts ahead of the print include a CEO warning of a potential ~900 million barrel supply shortfall and plunging U.S. gasoline inventories that could boost prices, while Shell recently canceled ~607,918 shares as part of a buyback supporting EPS.
• For context, Shell missed the prior quarter (EPS $1.14 vs. $1.21 estimate; revenue $64.09B) and currently has a consensus “Hold” rating with a $97.33 target, leaving expectations mixed into the upcoming release.

Shell (NYSE:SHEL - Get Free Report) is expected to post its Q1 2026 results before the market opens on Thursday, May 7th. Analysts expect Shell to post earnings of $1.86 per share and revenue of $71.6215 billion for the quarter. Individuals can find conference call details on the company's upcoming Q1 2026 earning report page for the latest details on the call scheduled for Thursday, May 7, 2026 at 9:30 AM ET.

Shell (NYSE:SHEL - Get Free Report) last posted its quarterly earnings results on Friday, February 6th. The energy company reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($0.07). The company had revenue of $64.09 billion during the quarter, compared to analysts' expectations of $65.82 billion. Shell had a net margin of 6.52% and a return on equity of 10.34%. On average, analysts expect Shell to post $10 EPS for the current fiscal year and $9 EPS for the next fiscal year.

Shell Price Performance

SHEL stock opened at $88.81 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.30 and a quick ratio of 1.03. The business has a 50 day simple moving average of $88.47 and a 200-day simple moving average of $79.24. The firm has a market capitalization of $251.51 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 0.49 and a beta of 0.10. Shell has a 1 year low of $64.02 and a 1 year high of $94.90.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SHEL. Captrust Financial Advisors boosted its position in shares of Shell by 30.4% during the fourth quarter. Captrust Financial Advisors now owns 180,630 shares of the energy company's stock worth $13,273,000 after buying an additional 42,129 shares during the period. AQR Capital Management LLC boosted its position in shares of Shell by 70.1% during the first quarter. AQR Capital Management LLC now owns 32,564 shares of the energy company's stock worth $2,386,000 after buying an additional 13,419 shares during the period. Arkadios Wealth Advisors boosted its position in shares of Shell by 11.4% during the fourth quarter. Arkadios Wealth Advisors now owns 42,598 shares of the energy company's stock worth $3,130,000 after buying an additional 4,347 shares during the period. Atlas Capital Advisors Inc. purchased a new position in shares of Shell during the fourth quarter worth $248,000. Finally, IHT Wealth Management LLC boosted its position in shares of Shell by 31.6% during the second quarter. IHT Wealth Management LLC now owns 11,900 shares of the energy company's stock worth $838,000 after buying an additional 2,857 shares during the period. 28.60% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Scotiabank upped their price target on Shell from $91.00 to $122.00 and gave the company a "sector outperform" rating in a research report on Wednesday, April 22nd. Wall Street Zen lowered Shell from a "buy" rating to a "hold" rating in a research report on Sunday, March 22nd. Zacks Research upgraded Shell from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Jefferies Financial Group reiterated a "buy" rating on shares of Shell in a research report on Thursday, January 8th. Finally, Wells Fargo & Company increased their price objective on Shell from $77.00 to $94.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and thirteen have given a Hold rating to the stock. According to MarketBeat, Shell has a consensus rating of "Hold" and a consensus target price of $97.33.

Trending Headlines about Shell

Here are the key news stories impacting Shell this week:

• Positive Sentiment: SPL buyback/cancellation — Shell announced purchases of ~607,918 shares for cancellation on 29 Apr 2026, reducing share count and supporting EPS per share. Transaction in Own Shares
• Positive Sentiment: Supply shock outlook — CEO warning of a potential ~900 million barrel shortfall and comments that Hormuz disruptions could persist into next year bolster oil price expectations, which typically lifts integrated producers like Shell. Shell CEO Warns 900 Million Barrel Gap As Hormuz Disruption Persists
• Positive Sentiment: Fuel market tightness — Reports that U.S. gasoline inventories plunged and pump prices are set to rise add to near-term margin tailwinds for oil majors’ refining and marketing segments. Gasoline stocks plummet, prices climb
• Positive Sentiment: Analyst upgrade — Scotiabank materially raised FY2026–FY2027 EPS forecasts and maintains a Sector Outperform stance with a $122 target, reinforcing bullish institutional views on Shell’s earnings power. Scotiabank upgrades/estimates
• Neutral Sentiment: Large Canada deal — Shell agreed to buy ARC Resources in a ~$16.4B enterprise-value transaction to bulk up Montney gas and LNG exposure; strategic fit may extend resource life and LNG optionality but the size, mix of cash/stock and assumed debt make near-term dilution/earnings impact mixed. Shell Strikes $16 Billion Mega-Deal To Conquer Canada's Energy Heartland
• Negative Sentiment: Refinery incident — A fire at Shell’s Norco (St. Charles Parish) refinery burned overnight but workers escaped; operational disruption or repair costs could hit near-term refining throughput and local margins until cleared. Fire at Shell’s St. Charles Parish refinery extinguished

Shell Company Profile

Shell plc NYSE: SHEL is a global integrated energy company that operates across the full oil and gas value chain as well as in developing lower-carbon energy solutions. The company traces its roots to the early 20th century merger of Royal Dutch Petroleum and Shell Transport and Trading, and today it is organized to explore for and produce hydrocarbons, process and refine them, manufacture petrochemicals, and market fuel, lubricants and related products under the Shell brand around the world.

Shell's principal activities include upstream exploration and production of oil and natural gas, integrated gas operations including liquefied natural gas (LNG), and downstream refining, supply and marketing.

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