HUN · Huntsman Corporation

Huntsman Corporation's first quarter 2026 results showed revenues increasing 1% to $1,420 million from $1,410 million a year ago, driven by a 1% rise in combined segment revenues. The company reported a GAAP net loss attributable to Huntsman of $53 million, widening from $5 million in Q1 2025, with diluted loss per share of $0.31 versus $0.03. Adjusted metrics reflected a net loss of $35 million and loss per share of $0.20, compared to $19 million and $0.11 prior year. Adjusted EBITDA held steady at $73 million from $72 million, indicating operational stability amid challenges. Segment performance varied: Polyurethanes revenues grew 1% to $923 million on 4% higher volumes in Americas and Europe, though offset by 6% lower average selling prices due to supply-demand dynamics; adjusted EBITDA fell 7% to $39 million from lower margins. Performance Products revenues declined 11% to $228 million on 9% lower volumes, including impacts from the Moers facility closure and Saudi joint venture disruptions, with EBITDA down 13% to $26 million. Advanced Materials shone with 12% revenue growth to $279 million from higher prices and 3% volume gains in aerospace, power, and automotive, boosting EBITDA 25% to $45 million. Peter R. Huntsman noted early volume improvements disrupted by Middle East war-driven feedstock cost spikes in March, prompting global price hikes to protect margins. Cash flow improved with operating cash use at $53 million versus $71 million prior year, and free cash flow use narrowed to $91 million from $107 million. Balance sheet as of March 31 showed $369 million cash and $0.9 billion liquidity. Looking to Q2, management anticipates profitability step-up from volume growth and pricing initiatives, focusing on margin improvement and cash generation.