The strong operational beat and merger progress are the key drivers. Watch for remaining regulatory approvals needed to close the Olin merger in Q1 2027, and monitor Q4 2026 free cash flow trajectory given the YoY decline.
How the stock moved after the report
BULLISH VIEWSTOCK BELOW ENTRY AT T+5- T+0 · Nov 3 $9.55entry
- T+1 · 8d ago +4.19%α +2.54% · $9.95
- T+5 · yesterday −0.52%α +0.06% · $9.50
- T+6 · todayOpen
- T+20 · in 20d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Huntsman reported Q3 2026 revenue of $1.717B, up 17.6% YoY, and adjusted EBITDA of $132M, up 40.4% YoY, driven by higher volumes and margins across all segments. The company also noted shareholder approval and U.S. regulatory clearance for its planned merger of equals with Olin Corporation, now expected to close in Q1 2027.
Key Financial Metrics
Key Facts
- Q3 2026 revenue of $1,717 million, up 18% from $1,460 million in Q3 2025
- Adjusted EBITDA of $132 million, up from $94 million in Q3 2025
- Adjusted net income of $7 million vs adjusted net loss of $5 million in Q3 2025
- Adjusted diluted EPS of $0.04 vs adjusted diluted loss per share of $0.03 in Q3 2025
- Free cash flow of $82 million vs $157 million in Q3 2025
- Shareholders approved merger of equals with Olin Corporation on August 25, 2026; U.S. regulatory clearance received in September 2026
- Merger expected to close in Q1 2027
- Polyurethanes segment revenue up 21%, Advanced Materials up 18%, Performance Products up 6%
- Net debt leverage expected to reduce to approximately 4x by year-end
Financial Impact
Revenue grew $257M YoY; adjusted EBITDA improved $38M YoY; free cash flow declined $75M YoY
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Polyurethanes | $1.2B | +21.0% |
| Performance Products | $260.0M | +6.0% |
| Advanced Materials | $314.0M | +18.0% |
Risk Factors
- Merger closing depends on remaining regulatory approvals in multiple jurisdictions
- Free cash flow declined to $82M from $157M in the prior year period
- Net loss attributable to Huntsman of $18 million, though improved from $25 million loss a year ago
- Macroeconomic and geopolitical uncertainties, including high energy costs in Europe
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-121352 |
| Document: tm2628674d1_8k.htm | 0001104659-26-121352 |
| Document: 0001104659-26-121352-index-headers.html | 0001104659-26-121352 |
| Document: 0001104659-26-121352-index.html | 0001104659-26-121352 |
| Document: 0001104659-26-121352.txt | 0001104659-26-121352 |
| 8-K Data (Synthetic) | 0001104659-26-121352 |
Track record
28 reports on HUN
2 of 9 bullish or bearish reports moved the stock their way by T+5. Best: +0.83% at T+5 after the Aug 25, 2026 report. 2 of 9 went positive at some point.
Filters
- Nov 11, 2026today Press Release Neutral 2/10 Entry $9.78 Now $9.50 −2.86% settles Nov 19
- Nov 2, 20269d ago 8-K Bullish 5/10 Viewing Entry $9.55 to $9.50 Now $9.50 −0.52% ▼ −0.52% +0.06% vs SPY
- Oct 30, 202612d ago SC 13G/A Neutral 2/10 Entry $9.64 to $9.45 Now $9.50 −1.45% ▼ −1.97% +0.73% vs SPY
- Oct 30, 202612d ago SC 13G/A Neutral 2/10 Entry $9.64 to $9.45 Now $9.50 −1.45% ▼ −1.97% +0.73% vs SPY
- Oct 6, 20265w ago 3 Neutral 2/10 Entry $8.63 to $8.24 Now $9.50 +10.08% ▼ −4.52% −3.54% vs SPY
- Aug 25, 202611w ago 8-K Bullish 6/10 Entry $9.63 to $9.71 Now $9.50 −1.35% ▲ +0.83% +0.95% vs SPY
- Aug 3, 202614w ago Insider Buy Bullish 4/10 Entry $10.43 to $10.44 Now $9.50 −8.92% ▲ +0.10% +0.20% vs SPY
- Jul 31, 202614w ago 425 Neutral 5/10 Entry $10.02 to $10.36 Now $9.50 −5.19% ▲ +3.39% +1.37% vs SPY
- Jul 31, 202614w ago 425 Neutral 5/10 Entry $10.02 to $10.36 Now $9.50 −5.19% ▲ +3.39% +1.37% vs SPY
- Jul 14, 202617w ago 425 Neutral 5/10 Entry $11.91 to $11.99 Now $9.50 −20.24% ▲ +0.67% +1.97% vs SPY
US Market Status
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