Tronox Q3 revenue rises 18% to $827 million; full-year 2026 free cash flow now a use of cash
Tronox reported third quarter 2026 revenue of $827 million, up 18% from a year earlier, and a net loss of $55 million, or $0.34 per diluted share, versus a $0.63 loss a year earlier. Adjusted EBITDA rose 36% to $101 million, but the company now expects full-year 2026 free cash flow to be a use of $25-50 million, updated from previous expectations, citing Middle East conflict-driven raw material costs and weaker volumes.
Key points
- Q3 2026 revenue of $827 million, up 18% year over year and down 5% from Q2 2026; net loss of $55 million, or $0.34 per diluted share, compared with $0.63 a year earlier
- Adjusted EBITDA of $101 million, up 36% year over year, with an adjusted EBITDA margin of 12.2%
- Q4 2026 Adjusted EBITDA expected at $80-$90 million; full-year 2026 free cash flow expected to be a use of approximately $25-50 million
- Net leverage ratio of 10.5x on a trailing twelve-month basis at September 30, 2026; available liquidity of $509 million
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.