SHARPE
Reported results
- Total revenue reached $154.4 million in the third quarter of 2026, representing a 13% increase quarter over quarter.
- Cash and cash equivalents ended the third quarter of 2026 at $38.0 million.
- Common Stock outstanding ended the quarter at 207,980,283 shares after selling 16,110,711 shares in an ATM equity program for an average price of approximately $4.75 per share during the quarter.
- Average daily net sales volumes were approximately 27 thousand net barrels of oil per day in the third quarter of 2026, representing a 29% increase quarter over quarter.
- Gross production averaged 795 gross barrels of oil per day, per well, throughout the third quarter of 2026 from an average of 37 wells per day.
Guidance
- All producing wells are scheduled to be online and flowing to sales in December 2026 at a forecasted rate of approximately 10,000 gross barrels of oil per day.
Price and volatility reaction
The stock moved -54.4% on the print. No front-expiry chain was on file, so there is no straddle expected move.
| Measure | Value | Basis |
|---|---|---|
| Close before release | 1.93 | 2026-11-06 |
| Close after release | 0.88 | 2026-11-09 |
| Realised move | -54.4% | close to close |
Source
The figures above come from the earnings release the company filed with the SEC on 2026-11-09 (8-K, Item 2.02). Read the original filing on sec.gov.