Quarterly ResultAug 6, 2026, 09:14 AM
Tronox Q2 Revenue $868M, Adjusted EBITDA $73M; Projects Q3 EBITDA $95-115M
AI Summary
Tronox Holdings plc reported its second quarter 2026 financial results, with revenue increasing 19% year-over-year to $868 million. The company posted a net loss of $171 million, including a $103 million tax valuation allowance, but achieved positive free cash flow of $60 million. Adjusted EBITDA saw an 18% sequential increase to $73 million. Tronox provided an optimistic outlook for Q3 2026, projecting Adjusted EBITDA of $95-$115 million and expecting meaningful positive free cash flow for the full year 2026, driven by anticipated pricing improvements for TiO2 and zircon.
Key Highlights
- Revenue increased 19% year-over-year to $868 million in Q2 2026.
- Reported a net loss attributable to Tronox of $171 million, or $1.07 per diluted share.
- Adjusted EBITDA was $73 million, an 18% increase quarter-over-quarter.
- Generated $60 million in free cash flow during the second quarter.
- TiO2 revenue rose 19% year-over-year to $700 million, with volumes up 18%.
- Zircon revenue grew 43% year-over-year to $97 million, driven by 61% volume increase.
- Expects Q3 2026 Adjusted EBITDA to be between $95 million and $115 million.
- Cost improvement program remains on track to deliver $125-$175 million annual run-rate savings by end of 2026.
Price Impact
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