Tronox posts Q3 2026 loss, $827 M revenue and lowers Q4 cash outlook
Tronox Holdings plc reported third‑quarter 2026 revenue of $827 million, up 18% year‑on‑year, but posted a net loss of $55 million. Adjusted EBITDA was $101 million with a 12.2% margin. The company warned that fourth‑quarter TiO₂ volumes will fall sequentially and forecast adjusted EBITDA of $80‑$90 million, while free‑cash‑flow generation will be $20‑$45 million, resulting in a full‑year cash outflow of $25‑$50 million. Management cited the prolonged Middle‑East conflict and higher raw‑material costs as key headwinds and announced a $32 million joint rare‑earth study with JX Advanced Metals.
Why it matters
The loss and lower cash‑flow guidance signal tighter near‑term liquidity, prompting investors to reassess cash‑flow expectations. The company also reduced its 2026 capital‑spending plan by $30 million, indicating tighter budgeting.
Key facts
- 1Revenue was $827 million, an 18% increase versus the prior year. stocktitan.net
- 2Net loss attributable to Tronox was $55 million. prnewswire.com
- 3Adjusted EBITDA was $101 million, yielding a 12.2% margin. stocktitan.net
- 4Q4 2026 adjusted EBITDA is expected to be $80‑$90 million. prnewswire.com
- 5Free cash flow for Q4 2026 is projected as a source of $20‑$45 million, leading to a full‑year cash‑flow use of $25‑$50 million. prnewswire.com
- 6Capital expenditures for the quarter were $57 million. stocktitan.net
Summary written by AlphAI AI Desk from 7 of 7 sources. Not investment advice. Figures are as stated by the linked sources.