Shell Reports Q3 Non-GAAP EPADS Beat Amid Revenue Miss and Updated Capex Outlook
Shell (SHEL) reported third-quarter financial results featuring a Non-GAAP Earnings Per Adjusted Discretionary Share (EPADS) of $3.83, exceeding analyst expectations by $0.16. However, the company's revenue of $92.85 billion fell short of estimates by approximately $8.01 billion, despite representing a significant 36.2% increase year-over-year. The company emphasized disciplined capital management, providing a cash capital expenditure outlook for 2026 in the range of $23 billion to $25 billion, including Accelerated Retirement Costs (ARC). Shell maintained that it continues to hold a strong balance sheet while navigating shifting market conditions.
Tickers: $SHEL
Topics: capital expenditure earnings beat financial results revenue miss
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