Huntsman Reports Second Quarter 2026 Results Reflecting Improvement in Financial Performance

Huntsman Releases Q2 2026 Financial Results

On July 30, 2026, Huntsman Corporation (NYSE: HUN) announced its financial results for the second quarter of 2026, reporting significant improvements compared to the same period last year. The company's revenue reached $1.663 billion, showcasing a notable growth from $1.458 billion in Q2 2025. This surge in revenue is attributed to increased sales volumes and higher average selling prices across its three main segments: Polyurethanes, Performance Products, and Advanced Materials.

Financial Highlights

In the second quarter of 2026, Huntsman experienced a net loss of $6 million, which represents a considerable recovery from a loss of $158 million during the previous year. Additionally, the diluted loss per share improved to $0.03 from $0.92 in Q2 2025. The adjusted EBITDA for the quarter expanded to $120 million, compared to $74 million in the same quarter of the previous year. This improvement reflects strategic pricing actions and demand growth that offset rising raw material costs.

Peter R. Huntsman, the company's Chairman, President, and CEO, emphasized the solid performance driven by higher volume across all segments and effective pricing strategies. He noted, “Improved industrial demand has countered ongoing softness in construction markets, particularly in Europe, where energy and crude oil costs remain high.” Huntsman aims to pursue additional price increases and cost-reduction initiatives to tackle these challenges.

Segment Performance

1. Polyurethanes Segment
The Polyurethanes segment experienced a significant increase in revenues, primarily due to a rise in average selling prices and sales volumes in the Americas and Europe. The segment also benefited from the improved supply-demand dynamics, and the adjusted EBITDA for this segment witnessed a prominent boost due to higher prices and cost-saving measures.

2. Performance Products Segment
Revenues in the Performance Products segment grew thanks to increased sales volumes and slightly higher margins. This growth was largely driven by heightened demand in the performance amines business.

3. Advanced Materials Segment
The Advanced Materials segment reported revenue growth prompted by higher average selling prices and increased sales volumes concentrated in the aerospace, power, and automotive markets.

Operating Cash Flow and Future Outlook

Despite the financial improvements, Huntsman reported a cash outflow from operating activities of $60 million. Additionally, the company faced challenges with a free cash flow of negative $90 million, contrasting with a positive cash flow of $55 million in the prior year. Huntsman projected capital expenditures of approximately $170 million for 2026 as it continues to promote operational efficiencies.

Huntsman's effective tax rate for Q2 2026 was recorded at 65%, with adjusted rates reflecting ongoing adjustments.

Upcoming Merger with Olin Corporation

An essential highlight of Huntsman's announcement was the ongoing all-stock merger with Olin Corporation, which is scheduled to advance rapidly. The merger is anticipated to create synergies and benefits for both companies. The stockholder vote to approve the merger is slated for August 25, 2026, and both companies are optimistic about the future ahead.

Conclusion

Huntsman Corporation’s financial performance in Q2 2026 signals a positive recovery trajectory, reinforcing a solid operational foundation as it gears up for the merger with Olin. With proactive strategies and robust demand across segments, Huntsman is poised for sustained growth in the coming quarters.