Tronox Reports Second Quarter 2026 Financial Results
Tronox reported Q2 revenue of $868 million, up 19% year-over-year, driven by strong volume growth in TiO2 and zircon despite lower zircon average selling prices. The company generated $60 million in positive free cash flow, a significant sequential improvement, while recording a net loss of $171 million primarily due to a $103 million tax valuation allowance.
Key figures
- Revenue
- $868 million
- Guidance
- Q3 2026 Adjusted EBITDA expected to be $95-$115 million; meaningful positive free cash flow expected for full year 2026
- Revenue Yoy
- 19%
- Fcf
- 60000000
- Capex
- 45000000
- Net debt
- 3000000000
- Adjusted ebitda
- 73000000
- Net leverage ratio
- 11.4x
- Adjusted ebitda margin
- 8.4%
AI analysis
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