Eni, Rithm Capital, Rogers and Selective Insurance report Q3 2026 results with beats and raised outlooks

Italian energy giant Eni posted the strongest quarterly surprise of the group, reporting Q3 2026 adjusted net profit of 2.8 billion euros, well above an analyst consensus of 2.48 billion euros. Adjusted net profit more than doubled from a year earlier, driven by upstream operations that generated 4.63 billion euros of pro forma adjusted operating profit, up 76%, as underlying production rose 7% to 1.83 million barrels of oil equivalent per day. On the back of those results Eni raised its full-year buyback by 12% to 3.8 billion euros, added an extraordinary dividend, confirmed an ordinary dividend of 1.10 euros per share for 2026, and lifted its adjusted operating cash flow outlook to 16.5 billion euros, assuming Brent at $95 a barrel. Net debt stood at 6.7 billion euros with gearing at a record low of 9%.

Rithm Capital reported Q3 GAAP net income of $217.1 million, or $0.38 per diluted share, with earnings available for distribution of $315.3 million, or $0.55 per diluted share. CEO Michael Nierenberg highlighted that mortgage subsidiary Newrez achieved a 24% annualized operating return on equity, private credit unit Genesis reached year-to-date originations of $5.0 billion, and the asset management platform continued to scale. Real estate arm Elecor executed a joint venture for a core New York City property and signed 320,000 square feet of new leases in the quarter.

Rogers Communications delivered adjusted earnings of C$1.29 per share in Q3, beating the Bloomberg analyst consensus of C$1.23. Total service revenue and adjusted EBITDA each grew 1%, and free cash flow reached $1.4 billion for the quarter, bringing the year-to-date total above $3 billion. Capital expenditures fell to $524 million, pushing capital intensity to 9.6%, down 840 basis points and among the lowest in the industry. Wireless service revenue slipped 1% to $2.0 billion, though wireless adjusted EBITDA margin expanded 130 basis points to 68%. Media revenue rose 9% to $821 million aided by near-sellout Toronto Blue Jays attendance, and Rogers became the 100% owner of MLSE on October 1. The company reaffirmed its 2026 outlook and reported debt leverage of 3.7 times, down 0.1 times sequentially.

Selective Insurance Group reported Q3 net income of $2.11 per diluted share and non-GAAP operating income of $2.37 per diluted share, with a GAAP combined ratio of 96.8%, improving from 98.6% a year earlier. After-tax net investment income rose 16% to $127 million, though net premiums written fell 7%, driven by an 8% decline in Standard Commercial Lines. Renewal pure price increases averaged 5.6%. The company raised its quarterly dividend by 12% and authorized a new $200 million share repurchase program.