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Westlake returned to profitability in Q2 2026, reporting $3.3 billion in sales, $260 million in net income and $679 million in EBITDA, supported by higher PEM pricing, lower feedstock costs and cost savings.
The company's profitability-improvement plan contributed about $150 million to year-over-year EBITDA growth in the quarter, keeping Westlake on track for its $600 million full-year 2026 target. HIP sales rose 8%, but its margin fell to 22% due to lower prices and higher transportation and raw-material costs.
Westlake lowered its 2026 HIP outlook toward the low end of its prior guidance range amid weaker residential construction expectations, while maintaining $900 million in capital expenditures. The company also completed a PVC and VCM plant acquisition in Germany expected to contribute more meaningfully to earnings next year.
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Westlake returned to profitability in Q2 2026, reporting $3.3 billion in sales, $260 million in net income and $679 million in EBITDA, supported by higher PEM pricing, lower feedstock costs and cost savings.
The company's profitability-improvement plan contributed about $150 million to year-over-year EBITDA growth in the quarter, keeping Westlake on track for its $600 million full-year 2026 target. HIP sales rose 8%, but its margin fell to 22% due to lower prices and higher transportation and raw-material costs.
Westlake lowered its 2026 HIP outlook toward the low end of its prior guidance range amid weaker residential construction expectations, while maintaining $900 million in capital expenditures. The company also completed a PVC and VCM plant acquisition in Germany expected to contribute more meaningfully to earnings next year.
Oil Jumps, 2 Plastic Stocks About To Become Value Plays
#million
2 months ago
