---
title: "The GEO Group climbs 6% as guidance raised and buyback expanded"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/304681471.md"
description: "GEO.US rose 5.66% to $26.59 after Q3 revenue grew 12% to $761.1M, full-year guidance was raised and buybacks expanded by $750M."
datetime: "2026-11-06T19:03:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/304681471.md)
  - [en](https://longbridge.com/en/news/304681471.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/304681471.md)
generator: "portal-rs"
---

# The GEO Group climbs 6% as guidance raised and buyback expanded

The GEO Group (GEO.US) climbed nearly **6%** during regular trading to **$26.59**.

The company reported third-quarter revenue of **$761.1 million**, up 12% from a year earlier, while adjusted EBITDA rose 21% to **$145.3 million**, driven by new contracts with U.S. Immigration and Customs Enforcement (ICE). The GEO Group raised its full-year 2026 revenue forecast to **$2.975 billion to $3.025 billion** and expanded its share buyback program by **$750 million**. GAAP net income fell about 71.7% to **$49.21 million** due to a prior-year gain on asset sales, though management noted improved liquidity and lower leverage.

Separately, the company recently signed two 10-year service agreements with ICE for the Big Spring Complex in Texas (2,329 beds) and the Northwest ICE Processing Center in Tacoma, Washington (1,635 beds), which are expected to add approximately **$340 million** in annual revenue.

Based on public media reports. AI-generated; not investment advice.

### Related Stocks

- [GEO.US](https://longbridge.com/en/quote/GEO.US.md)

## Related News & Research

- [New Federal Contracts Could Be A Game Changer For GEO Group (GEO)](https://longbridge.com/en/news/305365072.md)
- [GEO Group (GEO) Could Be 22% Undervalued On ICE Contracts And Higher Guidance](https://longbridge.com/en/news/305200371.md)
- [GEO: Record Q3 revenue, stronger margins, and returning earnings amid robust drilling demand](https://longbridge.com/en/news/304880989.md)
- [Earnings Beat May Change The Case For GEO Group Stock](https://longbridge.com/en/news/304512466.md)
- [GEO Group Q3 2026 net income attributable to GEO Operations falls 72% to $49.2 million](https://longbridge.com/en/news/304443795.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**