SPGI · Earnings call · 2026Q3T · Full report

Energy Segment Performance

S&P Global Inc. · 2026-10-27 · Importance 31 · Surprise 32

S&P Global Energy revenue increased 6% in Q3 2026 on both reported and organic constant-currency bases, despite sanctions that reduced growth by about 0.5 percentage point. Platts revenue rose 7%, and Energy revenue grew 5% reported or 6% organically after accounting for the Upstream Software divestiture. Discrete AI products contributed about 50 basis points to Energy revenue growth. Adjusted expenses grew 2%, while operating margin expanded 190 basis points to 48.1%.

Key facts

• S&P Global Energy revenue grew 6% on reported and organic constant-currency bases in the third quarter of 2026.
• S&P Global Platts revenue increased 7% in the third quarter of 2026, driven by strong growth in price assessments.