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Q2 FY2026 EarningsQ2 FY26 performance significantly exceeded consensus on both GAAP and adjusted profitability: Adjusted EPS of $1.33 beat the $1.12 mean estimate, while GAAP Net Income of $522M was nearly double the $285M expectation, driven by substantial unrealized derivative gains. Production remained robust at 7.48 Bcfe/d, while aggressive capital allocation resulted in $530M of stock buybacks and a $1.3B debt reduction. Despite a slight miss in operating cash flow ($1.10B vs. $1.14B expected), the company maintained a peer-leading 0.5x leverage ratio and reaffirmed full-year production guidance.