Albemarle Reports Third Quarter 2026 Results
Albemarle reported Q3 2026 net sales of $1.55 billion, up 19% year-over-year, driven by sharply higher lithium pricing in Energy Storage. The company swung to net income of $297 million ($2.15 diluted EPS) from a $161 million loss a year earlier; adjusted EPS was $2.58 and adjusted EBITDA rose 186% to $646 million with $325 million of quarterly free cash flow. Guidance improved: Specialties adjusted EBITDA outlook was raised to $350-375 million, full-year capex was cut to $300-350 million from ~$500 million, and YTD free cash flow reached $1.2 billion with net debt/adjusted EBITDA at just 0.3x.
Key figures
- Eps
- 2.15
- Revenue
- 1553097000
- Guidance
- FY26 Specialties adjusted EBITDA raised to $350-375M (from $275-325M); capex lowered to $300-350M (from ~$500M); scenario-based total company FY26 net sales $4.1-7.8B depending on lithium price case
- Revenue Yoy
- 18.8%
- Q3 fcf
- 325422000
- Liquidity
- $3.4 billion
- Net income
- 296755000
- Total debt
- $1.9 billion
- Adjusted eps
- 2.58
- Adjusted ebitda
- 645510000
- Specialties ebitda
- 98729000
- Ytd free cash flow
- 1200000000
- Adjusted ebitda yoy
- 186.1%
- Energy storage ebitda
- 559806000
- Specialties net sales
- 388611000
- Q3 operating cash flow
- 405796000
- Ytd operating cash flow
- 1462037000
- Energy storage net sales
- 1118795000
- Net debt to adjusted ebitda
- 0.3
- Operating cash flow conversion
- 63%
- Energy storage avg realized price
- $20.02/kg LCE (+94.7%)
AI analysis
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