伯克希尔三季度净利221亿美元：经营利润127亿美元、单季回购96亿美元
伯克希尔·哈撒韦公司（Berkshire Hathaway）11月7日在内布拉斯加州 Omaha 公布2026年第三季度业绩：归属股东净利221.12亿美元，低于上年同期的307.96亿美元；剔除投资损益后的经营利润为127.05亿美元，同比下降约5.8%（上年同期134.85亿美元）。这是 Warren Buffett 今年9月转任名誉董事长（Chairman Emeritus）、Howard G. Buffett 接任董事长之后，该公司发布的首份三季报，Buffett 本人仍留任董事。
三季度净利的波动主要来自投资收益：当季投资收益94.07亿美元，其中包括77亿美元的未实现收益与17亿美元的已实现收益。公司在财报中提醒，任何单个季度的投资损益通常没有参考意义，并会令每股净利数字极具误导性。今年前九个月，公司净利578.85亿美元（上年同期477.69亿美元），经营利润370.34亿美元（上年同期342.86亿美元）。
分业务看，保险承保利润三季度为13.52亿美元，低于上年同期的23.69亿美元；保险投资收益27.34亿美元。BNSF 铁路盈利17.29亿美元，高于上年同期的14.49亿美元；伯克希尔能源公司盈利16.12亿美元；制造、服务与零售业务合计盈利40.42亿美元。
公司三季度回购了约96亿美元自家股票，今年前九个月累计回购约144亿美元。截至9月30日，保险浮存金约为1,785亿美元，较2025年底增加约21亿美元；三季度A类股每股净利为15,502美元。
伯克希尔·哈撒韦总部位于 Omaha，股票在纽约证券交易所上市（代码 BRK.A、BRK.B），业务涵盖保险与再保险、公用事业与能源、货运铁路、制造、服务与零售。公司同时发布了三季度10-Q报告，并提示投资者与媒体以10-Q全文为准。
关联：伯克希尔股价逆市创巴菲特宣布卸任以来新高：A股收798,000美元距历史高点约1.4%
（来源：伯克希尔·哈撒韦）
Berkshire Hathaway Q3 Net Earnings Fall to $22.1 Billion; Operating Earnings $12.7 Billion, Buybacks $9.6 Billion
Berkshire Hathaway Inc. on November 7 reported third-quarter 2026 results from Omaha, Nebraska: net earnings attributable to Berkshire shareholders were $22.112 billion, down from $30.796 billion a year earlier, while operating earnings were $12.705 billion, down about 5.8% from $13.485 billion in the same quarter of 2025. It is the company's first third-quarter report since Warren Buffett became Chairman Emeritus in September and Howard G. Buffett was elected Chairman; Warren Buffett remains a director.
The swing in net earnings came mainly from investment gains of $9.407 billion in the quarter, including $7.7 billion of unrealized gains and $1.7 billion of after-tax realized gains. The company cautioned that investment gains or losses in any given quarter are usually meaningless and deliver per-share figures that can be extremely misleading. For the first nine months of 2026, net earnings were $57.885 billion (versus $47.769 billion a year earlier) and operating earnings were $37.034 billion (versus $34.286 billion).
By segment, insurance underwriting earned $1.352 billion, down from $2.369 billion a year earlier, and insurance investment income was $2.734 billion. BNSF earned $1.729 billion, up from $1.449 billion; Berkshire Hathaway Energy earned $1.612 billion; and manufacturing, service and retailing together earned $4.042 billion.
Berkshire repurchased approximately $9.6 billion of its own shares during the third quarter, bringing the nine-month total to about $14.4 billion. Insurance float was approximately $178.5 billion at September 30, up about $2.1 billion since year-end 2025. Net earnings per average equivalent Class A share were $15,502 for the quarter.
Berkshire Hathaway, headquartered in Omaha and listed on the New York Stock Exchange (BRK.A; BRK.B), operates businesses in insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, services and retailing. The company also posted its third-quarter Form 10-Q and urged investors and reporters to read it in full.
Related: Berkshire shares hit a post-succession-announcement high
(Source: Berkshire Hathaway)
来源：伯克希尔·哈撒韦
发布：GSM·美国（发布链接）
图片来源：图：沃伦·巴菲特资料肖像照片。摄影：Mark Hirschey／Wikimedia Commons，CC BY-SA 2.0。 / File photo: Warren Buffett. Photo by Mark Hirschey via Wikimedia Commons, CC BY-SA 2.0.
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