WESTLAKE CORP — Form 8-K
Filed August 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Westlake reported Q2 2026 net sales of $3,271M with net income of $260M ($2.01 diluted EPS), compared to a $142M loss in Q2 2025. EBITDA reached $679M (up 100% YoY). The company reduced debt by $500M (redeeming 3.60% 2026 Senior Notes), returned $99M to shareholders via $137M dividends and $30M buybacks, and generated $111M free cash flow after $207M capex. The three-pillar profitability plan delivered ~$150M EBITDA benefit toward the $600M FY2026 target. HIP segment EBITDA was $276M (22% margin); PEM segment EBITDA was $416M (21% margin, excluding identified items). Cash on hand: $1,9B.
Why this rating
Strong sequential and YoY recovery from losses; meaningful debt reduction supports balance sheet health. Results are material relative to ~$2.5B market cap but reflect commodity price tailwinds and execution of known restructuring plan rather than transformational change.
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