SHARPE
Reported results
- Net income attributable to company of $417 million, or $0.50 per diluted share (GAAP); adjusted net income attributable to company of $501 million, or $0.60 per diluted share (non-GAAP)
- Total revenue of $5.7 billion, flat compared to Q2 2026; operating margin of 10.9% (GAAP) and adjusted operating margin of 12.8% (non-GAAP)
- Adjusted EBITDA of $1.0 billion in Q3 2026 compared to adjusted EBITDA of $948 million in Q2 2026
- Cash flow from operations of $368 million and free cash flow of $156 million for the three months ended September 30, 2026
- Repurchased approximately $250 million of common stock and paid dividends of $0.17 per share during Q3 2026
- Pre-tax charge of $107 million related to impairments and other charges, primarily severance costs associated with global headcount rationalization
Guidance
- CEO expects mid-single digit revenue growth and operating margins of about 15% for 2027, approximately 200 basis point improvement
- 2027 outlook assumes a flat North America market and does not require any recovery in North America hydraulic fracturing
Notes
The company separately presents GAAP and non-GAAP results throughout. Non-GAAP measures exclude impairments and other charges/credits. Q3 2026 includes a $107 million severance charge related to global headcount rationalization.
Price and volatility reaction
The stock moved +1.9% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 32.98 | 2026-10-19 |
| Close after release | 33.59 | 2026-10-20 |
| Realised move | +1.9% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-20 (8-K, Item 2.02). Read the original filing on sec.gov.