SHARPE
Reported results
- Net income for the third quarter of 2026 was $52.4 million, or $1.26 per diluted common limited partner unit, compared with net income of $29.0 million, or $0.66 per diluted common limited partner unit, for the third quarter of 2025.
- Total sales in the third quarter of 2026 were $6.7 billion compared with $4.7 billion in the third quarter of 2025.
- GAAP gross profit was $296.0 million in the third quarter of 2026 compared with $271.4 million in the third quarter of 2025.
- Non-GAAP EBITDA was $120.8 million in the third quarter of 2026 compared with $97.1 million in the third quarter of 2025.
- Non-GAAP adjusted EBITDA was $122.9 million in the third quarter of 2026 compared with $98.8 million in the third quarter of 2025.
- Non-GAAP distributable cash flow (DCF) was $70.1 million in the third quarter of 2026 compared with $53.0 million in the third quarter of 2025.
Price and volatility reaction
The stock moved +8.0% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -14.9 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 40.9432 | 2026-11-05 |
| Close after release | 44.225 | 2026-11-06 |
| Realised move | +8.0% | close to close |
| 30d ATM IV change | -14.9 vol pts | constant-maturity series, not the front expiry |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-06 (8-K, Item 2.02). Read the original filing on sec.gov.