SHARPE
Reported results
- GAAP net loss was $43 million, or $0.07 per diluted share for the third quarter of 2026.
- Non-GAAP adjusted net income was $35 million, or $0.06 per diluted share for the third quarter of 2026.
- Total net production averaged approximately 69,200 barrels of oil equivalent per day (boepd) in the third quarter of 2026.
- Revenues were $410 million, or $71.39 per barrel of oil equivalent (boe).
- GAAP net cash provided by operating activities was approximately $164 million.
- Non-GAAP free cash flow was approximately $90 million for the quarter.
Guidance
- Full year 2026 capital expenditure guidance is approximately $350 million.
- Fourth quarter 2026 production is forecasted to be 60,000 - 64,000 boe per day.
- Fourth quarter 2026 capital expenditure guidance is $50 - $75 million.
- Year-end net debt is expected to be below $2.4 billion, on track to achieve a ~20% net debt reduction target for 2026.
Price and volatility reaction
The stock moved -13.3% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved -15.7 vol points across the event (constant-maturity series — not the front-week crush).
| Measure | Value | Basis |
|---|---|---|
| Close before release | 2.85 | 2026-10-30 |
| Close after release | 2.47 | 2026-11-02 |
| Realised move | -13.3% | close to close |
| 30d ATM IV change | -15.7 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 2026-11-02 (8-K, Item 2.02). Read the original filing on sec.gov.