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Business · Week of Nov 2, 2026

Q3 earnings: debt paydown and impairments mark the week in business

Third-quarter reports this week paired guidance changes with debt reduction, dividends and buybacks, while impairments weighed on several bottom lines.

· Economy Life newsroom

Third-quarter 2026 earnings dominated the week. Several companies put debt reduction first. Light & Wonder says it is prioritizing debt reduction over share buybacks and repurchased no shares in the quarter. TELUS says proceeds from monetizing TELUS Health and TELUS Agriculture & Consumer Goods will go toward debt reduction. Matador Resources reports repaying more than $150 million of borrowings and expects its leverage ratio to approach 1.5x by year-end 2026. Guidance moved in both directions: Pfizer raised its full-year revenue and Adjusted diluted EPS ranges and Matador raised production guidance, while Light & Wonder now expects AEBITDA growth toward the lower end of its range.

Non-cash charges shaped reported results at several companies. TELUS booked an $800 million pre-tax goodwill impairment related to TELUS Health, Beyond Meat recorded $57.1 million in non-cash impairment charges, and Brink's excluded acquisition and incident-related costs from its non-GAAP figures. Shareholder payouts continued elsewhere: CF Industries repurchased $367 million of stock, Matador raised its annual dividend by 17%, and Genco Shipping & Trading declared its 29th consecutive quarterly dividend.

  1. Beyond Meat, Inc.

    For immediate release

    Beyond Meat reported third-quarter net revenues down 8.1% to $64.5 million and a net loss of $82.8 million, compared with $97.0 million a year earlier, with gross margin of 19.3% versus 7.4%. The company expects fourth quarter 2026 net revenues of approximately $54 million to $59 million and reported $169.3 million in cash against $313.9 million of debt carrying value.

  2. Pfizer Inc

    Pfizer Reports Strong Third-Quarter 2026 Results And Raises 2026 Guidance

    Pfizer reported third-quarter 2026 revenues of $16.6 billion and Adjusted diluted EPS of $0.87, and raised full-year revenue guidance to $62.0 to $64.0 billion and Adjusted diluted EPS guidance to $2.95 to $3.05. The company says revenues excluding Comirnaty and Paxlovid grew 7% operationally, as a 63% drop in Paxlovid was offset by gains in Eliquis and other products.

  3. Light & Wonder, Inc.

    Light & Wonder, Inc.

    Light & Wonder reported third-quarter revenue of $824 million, down 2%, and net income of $133 million, up 17%, and now expects full-year Consolidated AEBITDA growth toward the lower end of its mid-to-high single digit range. The company says it is prioritizing debt reduction over buybacks and is on track to bring its 3.3x net debt leverage ratio below 3.0x during the first half of 2027.

  4. CF Industries Holdings, Inc.

    CF Industries Holdings, Inc.

    CF Industries reported third-quarter 2026 net earnings of $436 million, or $2.87 per diluted share, on net sales of $1.86 billion, with sales volumes 7% higher. The company repurchased 3.0 million shares for $367 million, declared a $0.60 quarterly dividend and expects Blue Point One ammonia production to begin in 2029 at a cost of approximately $3.7 billion.

  5. Brinks Co

    BRINKS CO

    Brink's reported third-quarter revenue of $1,375 million, up 3%, with GAAP EPS falling 59% to $0.35 and non-GAAP EPS rising 18% to $2.46. The company now expects to close its acquisition of NCR Atleos in early January 2027, subject to regulatory approval, and excluded $26.6 million of incident-related losses, including a precious metals robbery and a warehouse flood, from its non-GAAP results.

  6. Matador Resources Co

    MATADOR RESOURCES COMPANY

    Matador Resources reported third-quarter production of 230,470 BOE per day, up 10% and above its guidance midpoint, and net income attributable to shareholders of $172.1 million, and raised full-year production guidance. The company raised its annual dividend to $1.75 per share from $1.50 and says it repaid over $150 million in borrowings in the fourth quarter.

  7. TELUS Corporation

    TELUS Reports Third Quarter 2026 Results, Demonstrates Continued Discipline in Core Telecom; Advances Transformation Strategy

    TELUS reported a third-quarter net loss of $660 million, driven by an $800 million non-cash goodwill impairment related to TELUS Health, and a 5 per cent decline in Adjusted EBITDA to $1.8 billion. The company announced an efficiency program targeting approximately $900 million in annualized cash savings exiting 2028 and reaffirmed its full-year 2026 guidance.

  8. Genco Shipping & Trading Ltd

    GENCO SHIPPING & TRADING LIMITED ANNOUNCES

    Genco Shipping & Trading reported third-quarter net income of $38.0 million, compared with a net loss of $1.1 million a year earlier, as voyage revenues rose to $151.9 million from $79.9 million. The company declared a $1.05 per share dividend, its 29th consecutive quarterly payout, and reiterated a projected Q4 2026 dividend of greater than $1 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 Economy Life reporting.