Energy & Utilities · Week of Nov 2, 2026
Q3 results bring dividends, buybacks and guidance updates
Third-quarter earnings dominated the week, with several energy companies pairing results with dividends, buybacks and guidance changes.
Eight companies reported third-quarter 2026 results in the week of Nov. 2, 2026, and shareholder returns were a recurring feature. Bristow Group, Chord Energy, Western Midstream and Riley Permian each declared dividends or distributions, with Riley Permian raising its quarterly dividend 5% to $0.42 per share. Chord Energy, Bristow Group and Hut 8 reported share repurchases, and Hut 8 says its board raised its repurchase authorization to $1.0 billion.
Guidance changes also ran through the week. Albemarle raised its Specialties adjusted EBITDA outlook and cut its capital expenditure forecast, Chord Energy raised FY26 oil volume guidance, and Southwest Gas Holdings and Western Midstream reaffirmed their 2026 guidance. Deals shaped several results: Hornbeck Offshore reported its first quarter including legacy Helix operations, Western Midstream cited the Brazos Delaware acquisition for higher Delaware Basin throughput, and Chord Energy expects its $550.0 million Marcellus divestiture to close in 4Q26.
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, compared with a net loss of $160.7 million a year earlier. The company raised its full-year 2026 Specialties adjusted EBITDA outlook to $350-$375 million and cut its capital expenditure 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 total revenues of $437.9 million, up from $411.8 million in Q2 2026. The company affirmed the midpoint of its 2026 Adjusted EBITDA guidance of $300 - $320 million, repurchased 547,785 shares for $25.0 million and declared a $0.125 per share dividend payable November 27, 2026.
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 guidance ~1% to 162.5 MBopd. It declared a $1.30 per share base dividend payable December 7, 2026, repurchased $205.0MM of shares in 3Q26 and expects its $550.0 million 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, compared with a loss of $3.7 million a year earlier, 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 project 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, including $119.8 million of merger and integration costs and other items, in its first results to include legacy Helix operations after the merger closed on September 1, 2026. The company guided Adjusted EBITDA of $90 million to $100 million for the fourth quarter of 2026 and $500 million to $550 million for full-year 2027, and reported a contracted revenue backlog of approximately $1.9 billion.
Western Midstream Partners, LP
Western Midstream Announces Third-Quarter 2026 Results
Western Midstream reported third-quarter Adjusted EBITDA of $708.3 million, a 12-percent increase from the prior-year period, and record natural-gas throughput of 5.9 Bcf/d, which it attributes mostly to the Brazos Delaware acquisition. The partnership declared an unchanged distribution of $0.930 per unit and reaffirmed 2026 Adjusted EBITDA guidance of $2.750 billion to $2.950 billion, while expecting capital expenditures slightly above the high end of its range.
Riley Exploration Permian, Inc.
Riley Permian Reports Third Quarter 2026 Results
Riley Permian reported third quarter 2026 revenues of $201 million and a net loss of $2 million, with oil production up 20% quarter-over-quarter to 25.4 MBbls/d and a $100 million combined net loss on derivatives. In October 2026 the company prepaid all $130 million of its Senior Notes, increased its credit facility borrowing base to $450 million and raised its quarterly dividend 5% to $0.42 per share.
Hut 8 Corp.
Hut 8 Reports Third Quarter 2026 Results
Hut 8 reported third-quarter revenue of $71.1 million and net income of $189.5 million, including $413.8 million of primarily unrealized gains on digital assets. The company says a second 352 MW IT lease at Beacon Point represents approximately $9.8 billion in expected base-term contract value, bringing its AI data center portfolio to approximately $26.6 billion, and it closed a $1.07 billion revolving credit facility.
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 MediaGabon reporting.