Tronox publishes Q3 2026 earnings call transcript
TROX•Tronox’s adjusted EBITDA rose 38% sequentially to $101 million, while revenue increased 18% year over year to $827 million. The company forecast fourth-quarter adjusted EBITDA of $80 million-$90 million and full-year free cash outflow of $25 million-$50 million.
1. Quarterly results and outlook
Tronox held its Q3 2026 earnings call on November 5, attended by CEO John D. Romano and CFO D. John Srivisal. Adjusted EBITDA rose 38% sequentially to $101 million, and revenue increased 18% year over year to $827 million. The company forecast fourth-quarter adjusted EBITDA of $80 million-$90 million, reflecting $15 million-$20 million in higher-than-expected input costs tied to the Middle East conflict.
2. Volumes and spending
Tronox expects fourth-quarter TiO2 volumes to decline sequentially by a high-single-digit to low-double-digit percentage while maintaining third-quarter pricing gains. It forecast full-year free cash outflow of $25 million-$50 million and cut capital spending by approximately $30 million to $230 million.
