Energy & Utilities · Week of Nov 2, 2026
Q3 results bring buybacks, debt paydowns and asset sales
Third-quarter 2026 reports dominated the week, with companies pairing results with guidance updates, asset sales, debt paydowns and shareholder returns.
Third-quarter 2026 earnings filled the week's Energy & Utilities releases. Several producers and service companies paired results with capital returns and balance-sheet moves. Chord Energy repurchased $205.0MM of shares in 3Q26 and declared a $1.30 base dividend. Bristow Group bought back $25.0 million of stock and declared a $0.125 dividend. Riley Permian raised its quarterly dividend 5% after prepaying its Senior Notes. Calumet says it has retired approximately $265 million of debt since July. Portfolio reshaping was another thread: Sempra expects its sale of a 45% stake in Sempra Infrastructure Partners to KKR affiliates to close within two weeks, and Chord expects its $550.0 million Marcellus divestiture to close in 4Q26.
Guidance was a constant. Sempra, Albemarle and Chord raised or narrowed outlooks. Southwest Gas Holdings reaffirmed its full-year 2026 guidance, and Bristow affirmed its Adjusted EBITDA midpoint. On the regulated side, Sempra says Oncor expects its 2027-2031 base capital plan to rise about 20%. Southwest Gas reported completed Nevada and California rate cases. In offshore services, Hornbeck Offshore posted its first results including legacy Helix operations following the merger.
Sempra
Sempra Reports Strong Third-Quarter 2026 Results
Sempra reported third-quarter 2026 GAAP earnings of $877 million, or $1.34 per diluted share, and adjusted earnings of $917 million, or $1.40, and updated 2026 GAAP EPS guidance to $7.41 to $8.41. The company says Oncor projects its 2027-2031 base capital plan to rise approximately 20%, and the sale of a 45% interest in Sempra Infrastructure Partners to KKR affiliates is expected to close in the next two weeks.
Albemarle Corporation
Albemarle Reports Third Quarter 2026 Results
Albemarle reported third-quarter net sales up 19% to $1.6 billion and net income of $297 million, or $2.15 per diluted share, against a year-earlier loss. Energy Storage sales rose 58% on higher pricing while volume fell 18.8%; the company also raised its Specialties adjusted EBITDA outlook to $350-$375 million and cut its capex forecast to $300-$350 million from approximately $500 million.
Bristow Group
Bristow Group Reports Third Quarter 2026 Results
Bristow Group reported Q3 2026 net income of $27.7 million, or $0.93 per diluted share, on revenues of $437.9 million, up from $411.8 million in Q2 2026. The company affirmed the midpoint of its $300 - $320 million 2026 Adjusted EBITDA guidance, repurchased 547,785 shares for $25.0 million and declared a $0.125 per share dividend.
Chord Energy
Chord Energy Reports Third Quarter 2026 Financial and Operating Results, Declares Base Dividend, and Updates 2026 Outlook
Chord Energy reported 3Q26 net income of $181.6MM ($3.29/diluted share), with oil volumes of 165.5 MBopd above the top end of guidance, and raised its FY26 oil volume midpoint about 1% to 162.5 MBopd. The company declared a $1.30 per share base dividend, repurchased $205.0MM of shares in 3Q26 and expects its $550.0 million non-operated Marcellus divestiture to close in 4Q26.
Southwest Gas Holdings, Inc.
Southwest Gas Holdings, Inc. Reports Third Quarter 2026 Financial Results, Reaffirms Full-Year 2026 Guidance
Southwest Gas Holdings reported third-quarter net income from continuing operations of $12.8 million, or $0.18 per diluted share, versus a year-earlier loss, and reaffirmed 2026 adjusted EPS guidance of $4.17 to $4.32. The company says its Nevada rate case provides nearly $48 million of incremental annual revenue and its $2.3 billion Great Basin 2028 expansion remains on track for a FERC CPCN filing by year-end.
Hornbeck Offshore Services, Inc.
Hornbeck Offshore Announces Third Quarter 2026 Results
Hornbeck Offshore reported third-quarter 2026 revenue of $293.3 million and a net loss of $(85.7) million that includes $119.8 million of merger and integration costs and other items, in its first results including one month of legacy Helix operations. The company guided Adjusted EBITDA of $90 million to $100 million for 4Q26 and $500 million to $550 million for 2027, and reported contracted backlog of approximately $1.9 billion.
Calumet, Inc.
Calumet Reports Third Quarter 2026 Results
Calumet reported third-quarter 2026 net income of $273.3 million, down from $313.4 million a year earlier, while Adjusted EBITDA with Tax Attributes rose to $347.2 million from $92.5 million. The company says it has retired approximately $265 million of debt since July, and its Montana/Renewables segment Adjusted EBITDA with Tax Attributes rose to $110.6 million from $17.1 million.
Riley Exploration Permian, Inc.
Riley Permian Reports Third Quarter 2026 Results
Riley Permian reported third-quarter revenues of $201 million and a net loss of $2 million, driven by a $100 million combined net loss on derivatives, as oil production rose 20% quarter-over-quarter to 25.4 MBbls/d. In October the company prepaid all $130 million of its Senior Notes, had its borrowing base raised to $450 million with maturity extended to October 2030, and raised its quarterly dividend 5% to $0.42 per share.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not GreenTech Webs reporting.