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Energy & Utilities · Week of Nov 2, 2026

Q3 earnings bring buybacks, dividends and debt cuts across energy

Third-quarter reports dominated the week, with oil, gas and lithium producers posting higher earnings, buybacks, dividends and debt reduction.

· Prime News Global newsroom

Third-quarter 2026 earnings made up most of the week's releases. Albemarle, Chord Energy, Calumet, SandRidge Energy and Bristow Group all reported profits. Albemarle and Southwest Gas Holdings both swung to net income from a loss a year earlier. Several companies paired results with shareholder returns: Chord Energy, SandRidge Energy and Bristow Group declared dividends, and Chord and Bristow reported share repurchases.

Balance sheets and guidance were the other recurring themes. Calumet says it has retired about $265 million of debt since July. SandRidge reported no outstanding term or revolving debt, and Albemarle cut its capital expenditure forecast. Hornbeck Offshore reported a net loss in its first quarter including legacy Helix operations, citing merger and integration costs. Outside earnings, IsoEnergy reported high-grade uranium assays from its Larocque East project in Canada.

  1. Albemarle Corporation

    Albemarle Reports Third Quarter 2026 Results

    Albemarle says third-quarter net sales rose 19% to $1.6 billion and net income was $297 million, or $2.15 per diluted share, against a net loss of $160.7 million a year earlier. Energy Storage sales rose 58% to $1.1 billion on higher pricing while volume fell 18.8%. The company raised its Specialties adjusted EBITDA outlook to $350-$375 million and cut its capex forecast to $300-$350 million from approximately $500 million.

  2. Bristow Group

    Bristow Group Reports Third Quarter 2026 Results

    Bristow Group reported third-quarter 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 repurchased 547,785 shares for $25.0 million, declared a $0.125 dividend and affirmed the midpoint of its $300 - $320 million 2026 Adjusted EBITDA guidance.

  3. 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 and oil volumes of 165.5 MBopd, which it says were above the top end of guidance, and raised its FY26 oil volume midpoint by ~1% to 162.5 MBopd. The company declared a $1.30 per share base dividend and repurchased $205.0MM of shares in 3Q26. It expects its $550.0 million non-operated Marcellus divestiture to close in 4Q26.

  4. 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 loss a year earlier, and reaffirmed 2026 adjusted EPS guidance of $4.17 to $4.32. The company says its completed Nevada and California rate cases add nearly $48 million and $32.6 million in revenue, respectively. Its $2.3 billion Great Basin 2028 expansion remains on track for a FERC CPCN filing by year-end.

  5. Hornbeck Offshore Services, Inc.

    Hornbeck Offshore Announces Third Quarter 2026 Results

    Hornbeck Offshore reported third-quarter revenue of $293.3 million and a net loss of $(85.7) million, including $119.8 million of merger and integration costs and other charges tied to the Helix merger that closed September 1, 2026. The company reported a contracted backlog of about $1.9 billion. It guided Adjusted EBITDA of $90 million to $100 million for 4Q26 and $500 million to $550 million for 2027.

  6. Calumet, Inc.

    Calumet Reports Third Quarter 2026 Results

    Calumet reported third-quarter 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 about $265 million of debt since July, and its Montana/Renewables segment rose to $110.6 million from $17.1 million.

  7. IsoEnergy Ltd.

    IsoEnergy Confirms High-Grade Uranium Intersections Along the Hurricane South Trend, Including up to 15.4% U₃O₈ 500 m East of the Deposit

    IsoEnergy reported assays from its 2026 summer drilling at Larocque East, including 15.4% U₃O₈ over 0.5 m about 500 m east of the Hurricane deposit. The company says mineralization was confirmed in 18 of 26 holes across 550 m of strike on the Hurricane South Trend. Multi-element geochemical results are still pending.

  8. SANDRIDGE ENERGY, INC.

    SandRidge Energy, Inc. Announces Financial and Operating Results for the Three and Nine-Month Periods Ended September 30, 2026 and Declares Dividend of $0.13 per Share

    SandRidge Energy reported third-quarter net income of $30.6 million, or $0.83 per basic share, with production up 10% to 20.9 MBoe per day and revenues up 37%. The company declared a $0.13 per share dividend and reported $70.0 million of cash and no outstanding term or revolving debt. The quarter included a Cherokee Play acquisition adding about 7,000 net leasehold acres.

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 Prime News Global reporting.