SHARPE
Reported results
- GAAP net income for the third quarter of 2026 was $43.0 million, a 5% decrease compared to $45.1 million in the third quarter of 2025.
- Adjusted net income (non-GAAP) for the third quarter of 2026 was $45.2 million, a decrease of 1% compared to $45.5 million in the third quarter of 2025.
- GAAP diluted EPS for the third quarter of 2026 was $0.99, compared to $1.27 in the third quarter of 2025.
- Adjusted diluted EPS (non-GAAP) for the third quarter of 2026 was $1.04, compared to $1.27 in the third quarter of 2025.
- Operating revenue for the third quarter of 2026 was $250.2 million, a 4% increase compared to $240.6 million for the third quarter of 2025.
Guidance
- 2026 standalone adjusted diluted EPS guidance narrowed to $3.10-$3.16.
- 2026 adjusted diluted EPS guidance, including the impacts of Quadvest and pending Cibolo Valley acquisitions and financings thereof, initiated at $2.91-$2.97.
- Full year 2026 company-funded capital investment plan adjusted to approximately $465 million.
- Total planned capital expenditures of $2.7 billion over the 2026-30 period.
Price and volatility reaction
The stock moved +4.4% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +10.8 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 58.48 | 2026-10-26 |
| Close after release | 61.04 | 2026-10-27 |
| Realised move | +4.4% | close to close |
| 30d ATM IV change | +10.8 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 2026-10-26 (8-K, Item 2.02). Read the original filing on sec.gov.