Huntsman Q2 2026 results and Olin merger update

Financial results

Huntsman reported Q2 2026 revenues of $1,663 million, a net loss attributable to Huntsman of $6 million (diluted loss per share $0.03), adjusted net income attributable to Huntsman of nil, and adjusted EBITDA of $120 million. Net cash used in operating activities from continuing operations was $60 million and free cash flow was a use of $90 million compared to a source of $55 million in Q2 2025.

Segment performance

Polyurethanes revenue rose on higher average selling prices and volumes; MDI prices increased across regions and MDI volumes rose in the Americas and Europe, with adjusted EBITDA benefiting from higher prices, volumes, equity earnings from a China JV and cost savings, partially offset by higher raw material costs. Performance Products saw higher volumes and slightly higher prices, with EBITDA aided by lower fixed costs. Advanced Materials delivered higher prices and volumes, helped by favorable mix and FX, with volume gains in aerospace, power and automotive driving improved margins and EBITDA.

Liquidity, capital and taxes

Q2 capital expenditures were $30 million and 2026 capex is expected to be approximately $170 million. As of June 30, 2026, Huntsman had about $0.9 billion of combined cash and unused borrowing capacity. The effective tax rate for Q2 2026 was 65% and the adjusted effective tax rate was 61%.

Corporate actions and events

Huntsman signed an agreement on June 16, 2026 to complete an all‑stock merger of equals with Olin Corporation; the stockholder vote is scheduled for August 25, 2026. Management will host an earnings call on July 31, 2026 at 10:00 a.m. ET and intends to present at multiple investor conferences in Q3 2026.