The mixed quarter with a revenue beat but EPS miss and elevated Salt costs suggests continued operational challenges in mining. The raised EBITDA guidance and credit upgrade are positive for debt holders and support a deleveraging narrative. Monitor the 2026-27 bid season for highway deicing pricing and further evidence of margin recovery in Salt before building a position.
Price Chart
Executive Summary
Compass Minerals reported fiscal Q3 2026 results with revenue in line at $215.3M (beat consensus of $206.5M by 4.3%) but adjusted EPS of -$0.14 missed the -$0.06 consensus by 133%. The company raised its full-year Adjusted EBITDA guidance midpoint to $230M (from $224M) on stronger Plant Nutrition performance, while Salt segment margins declined due to elevated mining costs. The S&P credit upgrade to B+/BB and net leverage reduction to 2.8x reinforce a deleveraging story, but production cost headwinds in Salt remain a near-term drag.
Key Financial Metrics
Key Facts
- Q3 2026 revenue $215.3M vs $214.6M a year ago (+0.3%), consensus $206.5M (4.3% beat)
- Adjusted EPS -$0.14 vs consensus -$0.06, GAAP net loss -$5.7M (vs -$17.0M prior year)
- Raised full-year Adjusted EBITDA guidance to $218-$242M from $212-$236M (midpoint +2.7%)
- Salt segment Adjusted EBITDA fell 15% to $38.9M, operating income down 25% to $21.2M
- Plant Nutrition Adjusted EBITDA jumped 32% to $15.0M, driven by pricing and cost improvement
- Net debt reduced 11% YoY to $660.3M; net leverage 2.8x vs 4.3x a year ago
- S&P Global Ratings upgraded corporate credit to B+ from B, with stable outlook
Financial Impact
Revenue beat by $8.8M (4.3%), EPS miss by $0.08 (133%); full-year EBITDA guidance midpoint raised by $6M
Risk Factors
- Mining production costs not improving as quickly as expected, pressuring Salt margins
- Weather-dependent highway deicing volumes could materially swing results in fiscal Q2 (winter season)
- Inflation and distribution cost headwinds could persist
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001227654-26-000050 |
| Document: cmp-20260805.htm | 0001227654-26-000050 |
| Document: 0001227654-26-000050-index-headers.html | 0001227654-26-000050 |
| Document: 0001227654-26-000050-index.html | 0001227654-26-000050 |
| Document: 0001227654-26-000050.txt | 0001227654-26-000050 |
| 8-K Data (Synthetic) | 0001227654-26-000050 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | 8-K | $22.26 | awaiting T+60 | — | $22.25 (−0.04%) |
Aug 21, 2026 9w ago | Institutional Cluster | $26.00 | awaiting T+60 | — | $22.25 (−14.42%) |
Aug 5, 2026 11w ago | 8-K | $25.66 | awaiting T+60 | — | $22.25 (−13.29%) |
Aug 5, 2026 11w ago | 8-K | $25.66 | awaiting T+60 | — | $22.25 (−13.29%) |
Jun 11, 2026 19w ago | Institutional Cluster | $31.46 $25.79 | ▲ +18.02% | ▲ +21.29% | $22.25 (+29.28%) |
May 6, 2026 24w ago | 8-K | $28.24 $28.76 | ▲ +1.84% | ▼ −1.99% | $22.25 (−21.21%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers