Energy, Utilities & Mining Pulse: Investors Asking: Where Do We See Positive Momentum on Q3 Earnings and Q4 Guidance?

As we get closer to 3Q26 earnings season, our conversations with investors continue to center around the uncertainty in the macro environment that has driven volatility in broader energy markets this year. While the XLE has outperformed the S&P 500 year-to-date (XLE +46% vs. S&P 500 +14%), we have seen significant sub-sector dispersion with Refining and Oil E&P outperforming while the Utility and Clean Tech sectors have lagged. This week in the Pulse, we ask our senior analyst team to highlight one stock in focus with momentum on 3Q26 earnings and 4Q26 guidance ahead of this upcoming earnings season. Stocks and topics discussed include Canadian Oils: CVE; Refining: DINO; Energy Services: PWR; Midstream: VG; E&P: PR; Utilities: TLN; Clean Tech: SHLS; Metals & Mining: STLD.