4Q25 Earnings Summary February 17, 2026 1 4th Quarter 2025 Earnings Summary Conference Call Wednesday, February 18, 2026 10:00 a.m. ET Webcast Link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=IMeg0PNW Participant dial-in numbers: Domestic callers: (877) 402-8037 International callers: (201) 378-4913 2 General Disclosure Forward-Looking Statements This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the ...

Huntsman (HUN) came out with a quarterly loss of $0.37 per share versus the Zacks Consensus Estimate of a loss of $0.29. This compares to a loss of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -25.68%. A quarter ago, it was expected that this chemical company would post a loss of $0.13 per share when it actually produced a loss of $0.03, delivering a surprise of +76.92%.Over the last four quarters, the company has sur ...

Financial Performance - Fourth quarter 2025 revenues were $1,355 million, a decrease of 7% compared to $1,452 million in the same period of 2024[3]. - Net loss attributable to Huntsman in Q4 2025 was $96 million, an improvement from a net loss of $141 million in Q4 2024[4]. - Adjusted EBITDA for Q4 2025 was $35 million, down from $71 million in Q4 2024, reflecting a 50% decrease in the Polyurethanes segment[4][16]. - Free cash flow from continuing operations was $20 million in Q4 2025, significantly lower than $108 million in Q4 2024[4][9]. - The company generated approximately $300 million of cash flow from operations in 2025, with a full-year free cash flow conversion rate of 45%[5]. - Net loss for the three months ended December 31, 2025, was $82 million, an improvement from a net loss of $125 million in the same period of 2024[19]. - Net loss attributable to Huntsman Corporation for the three months ended December 31, 2025, was $96 million, compared to a net loss of $141 million in 2024[19]. - Adjusted EBITDA for the twelve months ended December 31, 2025, was $35 million, down from $71 million in 2024[19]. - Diluted loss per share for the three months ended December 31, 2025, was $(0.48), an improvement from $(0.73) in 2024[19]. - The company reported a net income of $305 million, which is a notable improvement from previous losses, suggesting a positive trend in financial performance[20]. Revenue Segments - Polyurethanes segment revenues decreased by 8% year-over-year, primarily due to lower average selling prices despite higher sales volumes[6][16]. - Performance Products segment revenues fell by 6% year-over-year, driven by lower average selling prices amid competitive pressures[7][16]. - Advanced Materials segment revenues decreased by 4% year-over-year, mainly due to lower sales volumes, partially offset by higher average selling prices[8][16]. - Huntsman Corporation reported revenues of approximately $6 billion from continuing operations for the year 2025[30]. Cash Flow and Debt - Net cash provided by operating activities from continuing operations was $298 million for the twelve months ended December 31, 2025, compared to $285 million in 2024, an increase of 4.56%[24]. - Free cash flow from continuing operations was $125 million for the twelve months ended December 31, 2025, up from $101 million in 2024, representing a growth of 23.76%[24]. - Total debt, excluding affiliates, increased to $2,011 million in 2025 from $1,835 million in 2024, a rise of 9.59%[22]. - Net debt, excluding affiliates, rose to $1,582 million in 2025 compared to $1,495 million in 2024, an increase of 5.81%[22]. - Cash at the end of the period was $429 million in 2025, up from $340 million in 2024, reflecting a growth of 26.18%[24]. Assets and Liabilities - Total assets decreased to $7,015 million in 2025 from $7,114 million in 2024, reflecting a decline of 1.39%[21]. - The company experienced a decrease in inventories from $917 million in 2024 to $818 million in 2025, a decline of 10.79%[21]. - Accounts payable decreased to $721 million in 2025 from $770 million in 2024, a reduction of 6.36%[21]. Strategic Outlook - The company is focusing on market expansion and new product development to drive future growth, although specific figures were not disclosed[20]. - The company is exploring strategic acquisitions to enhance its market position, although details on potential targets were not provided[20]. - The company anticipates continued investment in technology and innovation to support long-term growth strategies[20]. - Future guidance suggests a cautious outlook, with expectations of gradual recovery in market conditions[20]. - The company expects capital expenditures in 2026 to be similar to the $57 million spent in Q4 2025[10]. Operational Metrics - Interest expense from continuing operations remained stable at $19 million for both the three months ended December 31, 2025, and 2024[19]. - Depreciation and amortization from continuing operations for the three months ended December 31, 2025, was $73 million, slightly down from $75 million in 2024[19]. - Interest expenses from continuing operations were $57 million, consistent with the previous period, indicating stable financing costs[20]. - The adjusted income tax expense rate was 88%, compared to 55% in the prior period, reflecting a higher effective tax burden[20]. - The effective tax rate for the current period was 14%, down from 15.6% in the previous period, indicating a slight reduction in tax liabilities[20]. - Loss on dissolution of subsidiaries for the three months ended December 31, 2025, was $0, while it was $39 million in 2024[19]. - Business acquisition and integration expenses for the three months ended December 31, 2025, were $1 million, compared to $0 in 2024[19]. - Net income attributable to noncontrolling interests for the three months ended December 31, 2025, was $(14) million, compared to $(16) million in 2024[19]. Company Overview - Huntsman Corporation operates over 55 manufacturing, R&D, and operations facilities in approximately 25 countries, employing around 6,000 associates[30].

Core Points - Huntsman Corporation declared a cash dividend of $0.0875 per share on its common stock, payable on March 31, 2026, to stockholders of record as of March 13, 2026 [1] - The company will hold its 2026 Annual Meeting of Stockholders in a virtual format on April 29, 2026, at 8:00 a.m. Central Time, with voting rights for holders of record as of March 6, 2026 [1] Company Overview - Huntsman Corporation is a global manufacturer and marketer of differentiated and specialty chemicals, with approximately $6 billion in revenues from continuing operations in 2025 [1] - The company operates over 55 manufacturing, R&D, and operations facilities across approximately 25 countries and employs around 6,000 associates [1]

Core Insights - Huntsman Corporation reported a net loss of $96 million for Q4 2025, an improvement from a net loss of $141 million in Q4 2024, with revenues decreasing to $1,355 million from $1,452 million year-over-year [1][2][3] - Adjusted EBITDA for Q4 2025 was $35 million, down from $71 million in the same quarter of the previous year, indicating a challenging market environment [1][2] - The company generated $77 million in net cash from operating activities in Q4 2025, with free cash flow dropping to $20 million from $108 million in Q4 2024 [1][2] Financial Performance - Revenues for the full year 2025 were approximately $5.683 billion, down from $6.036 billion in 2024 [1][2] - The adjusted net loss for the full year 2025 was $121 million compared to an adjusted net loss of $13 million in 2024 [1][2] - The diluted loss per share for Q4 2025 was $0.56, compared to $0.82 in Q4 2024, while the adjusted diluted loss per share was $0.37, up from $0.25 [1][2] Segment Analysis - In the Polyurethanes segment, revenues decreased by 8% to $897 million in Q4 2025, primarily due to lower average selling prices, although sales volumes increased in the Americas and Asia [1][2] - The Performance Products segment saw a 6% revenue decline to $224 million, attributed to lower average selling prices amid competitive pressures [1][2] - Advanced Materials segment revenues fell by 4% to $243 million, driven by lower sales volumes despite higher average selling prices [1][2] Liquidity and Capital Resources - As of December 31, 2025, Huntsman had approximately $1.3 billion in combined cash and unused borrowing capacity [1][2] - Capital expenditures for Q4 2025 were $57 million, slightly higher than $51 million in Q4 2024, with expectations for similar levels in 2026 [1][2] Tax and Effective Rates - The effective tax rate for Q4 2025 was -1%, with an adjusted effective tax rate of -14% [1][2]

Core Insights - Huntsman Corporation (NYSE:HUN) experienced a significant share price increase of 24.4% week-on-week, driven by investor interest ahead of its earnings report for the full-year and fourth quarter of 2025 [1]. Financial Performance - Huntsman Corporation plans to release its financial and operational highlights on February 18 during market hours, followed by an earnings call to discuss the results [2]. - For the fourth quarter, Huntsman is targeting the low end of its adjusted EBITDA outlook, estimating between $25 million to $50 million, impacted by an unplanned outage at its Polyurethanes facility in Rotterdam, which affected one of its MDI lines [4]. - The company anticipates a $10 million negative impact on its fourth quarter adjusted EBITDA due to the outage [5]. Market Position - Huntsman Corporation is recognized as a global producer of differentiated and specialty chemicals, including polyurethanes, performance products, and adhesives, serving notable clients such as BMW, GE, Chevron, Procter & Gamble, Unilever, and Walkaroo [5]. - Investment firms RBC and UBS have set higher price targets for Huntsman at $13 and $12, respectively, while maintaining "sector perform" and "neutral" ratings for the stock [6].

Core Viewpoint - Huntsman Corp. (NYSE:HUN) has shown significant stock performance, surging 13.07% to close at $12.98 ahead of its earnings report for Q4 and full-year 2025 [1]. Financial Performance - Huntsman is set to release its financial highlights on February 18, targeting adjusted EBITDA in the range of $25 million to $50 million for Q4, impacted by an unplanned outage at its Rotterdam facility [2]. - The outage is expected to result in a $10 million negative impact on the company's fourth quarter adjusted EBITDA [3]. Market Position - Huntsman Corp. is recognized as a global producer of differentiated and specialty chemicals, serving notable clients such as BMW, GE, Chevron, Procter & Gamble, Unilever, and Walkaroo [3]. - Recent price targets for Huntsman stock have been set at $13 and $12 by RBC and UBS, respectively, although both firms maintain "sector perform" and "neutral" ratings [4].

Company Overview - Huntsman Corporation is a diversified chemical manufacturer specializing in organic compounds, particularly polyurethanes and amines, serving a wide range of end markets and reducing reliance on any single sector [2] - The company has a historically stable and higher margin profile compared to peers, driven by the amines segment, which generates approximately 20% EBITDA, while basic polyurethanes generate around 10% EBITDA [2] Current Market Conditions - Huntsman is currently navigating a cyclical downturn with depressed chemical prices, but volumes have been rising steadily over the last two to three quarters, indicating underlying demand resilience [2] - Competitive pressures from lower-cost producers in China and India could challenge pricing and market share [3] Capital Allocation and Shareholder Returns - The company has been disciplined in returning capital to shareholders, reducing shares outstanding from 243 million in 2015 to 172 million today through consistent stock buybacks [3] - Huntsman's shareholder-friendly capital allocation provides a solid foundation despite facing cyclical and structural challenges [3] Future Outlook - The combination of improving volumes, stable specialty margins, and potential tailwinds from onshoring makes Huntsman a company worth monitoring for investors seeking exposure to specialty and basic chemicals [4] - Huntsman represents a measured investment case, balancing near-term cyclical headwinds with longer-term structural opportunities and strong financial discipline [4]

Summary of Key Points from Conference Call Records Industry Overview - The chemical industry has experienced a "global price surge" in the past month, with major companies like BASF, Dow, and Huntsman implementing price increases across Europe, Asia, and the Middle East [1][1][1] - Significant price increases have been noted for certain chemical products, with propylene oxide prices rising by 7.9% week-over-week [2][2][2] Companies Mentioned - Companies involved in the chemical sector include: - Xinxiang Chemical Fiber - Cangzhou Dahua - Weiyuan Co. - Shandong Heda - Hongbaoli - Hongbai New Materials - Red Wall Co. - Zhongyida - Zanyu Technology - China National Chemical - Jiangtian Chemical - Meibang Technology [2][2][2] Core Insights and Arguments - The recent price increases in the chemical market are attributed to a combination of supply chain pressures and increased demand for chemical products globally [1][1][1] - The government has introduced new policies to support urban renewal and stimulate the economy, which may further impact the demand for chemical products [2][2][2] Additional Important Information - The National Energy Administration reported that national electricity load has reached a historical winter high, exceeding 1.4 billion kilowatts for the first time, indicating strong energy demand [2][2][2] - The investment in new power systems is expected to grow significantly, with a projected 40% increase in investment during the 14th Five-Year Plan period [2][2][2] - The chemical industry is likely to benefit from these macroeconomic trends, as increased urban development and energy demands will drive further consumption of chemical products [1][1][1]

Core Viewpoint - Huntsman Corporation will hold a conference call on February 18, 2026, to discuss its fourth quarter 2025 financial results, with a question and answer session following the opening remarks [1]. Financial Information - The earnings press release, including financial statements and segment information, will be distributed after the market closes on February 17, 2026 [2]. - Huntsman Corporation reported revenues of approximately $6 billion for the year 2024 [3]. Company Overview - Huntsman Corporation is a publicly traded global manufacturer and marketer of differentiated and specialty chemicals, operating over 60 manufacturing, R&D, and operations facilities in about 25 countries [3]. - The company employs approximately 6,300 associates within its continuing operations [3].