Education
About Us
Working with TipRanks
Follow Us
TRONOX Ltd (TROX)
NYSE:TROX
Earnings Data
Report Date
Apr 29, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
-0.43Last Year’s EPS
-0.15Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed but cautiously constructive view: operational and commercial positives (strong Q4 volumes, Q4 free cash flow, >$90M run-rate cost savings, active pricing actions, mining and rare earths progress and improved liquidity) are balanced against significant near-term financial pain (full-year net loss of $470M, negative full-year free cash flow of $281M, substantial restructuring charges, higher production costs from temporary cash-preservation actions, and notable debt levels). Management is optimistic that implemented price increases, sustained cost savings, footprint rationalization and working-capital discipline will translate into positive free cash flow and improved earnings in 2026, but execution risk and market/regulatory volatility (e.g., duty rulings, China overcapacity, commodity cost pressure) keep the outlook cautious.Company Guidance
Safety Improvement
Delivered best safety performance in more than a decade with the lowest overall injury rate in the period, highlighting disciplined site execution and workforce focus on safety.
Stronger-than-expected Q4 Volumes (TiO2 & Zircon)
TiO2 volumes in Q4 reached the highest point of the year and increased 9% sequentially; zircon volumes increased 42% sequentially, driving sequential revenue increases of +5% for TiO2 and +32% for zircon.
Cash Preservation and Q4 Free Cash Flow
Maintained disciplined cash and inventory management; generated $53 million of free cash flow in Q4 despite a challenging environment and targeted working capital initiatives that produced a $133 million working capital source in Q4 (excluding restructuring payments).
Sustainable Cost Improvement Progress
Exited 2025 with more than $90 million of run-rate savings (three times the original target) from the cost improvement program, tracking >2,000 initiatives with >500 delivering savings; on pace for the high end of $125–$175 million run-rate target by exit 2026.
Liquidity & Balance Sheet Actions
Liquidity increased to $674 million as of Dec 31, 2025 (including $199 million cash); executed opportunistic $400 million senior secured note offering in September; weighted average interest rate ~6% and ~77% of interest rates fixed through 2028; next major debt maturity not until 2029.
Operational and Portfolio Actions to Improve Long-Term Cost Structure
Announced closures of Botlek and Fuzhou pigment plants to streamline footprint and improve long-term cost position; expected run-rate fixed cost savings of ~ $30M (Botlek) and ~$15M (Fuzhou) annually.
Commercial Momentum and Pricing Initiatives
Company implemented TiO2 price increases beginning Q1 2026 and expects TiO2 pricing to be up ~2%–4% sequentially (mix + announced increases); zircon pricing stabilizing in Q1 with announced increases expected to be implemented in Q2.
Mining and Rare Earths Progress
Commenced mining at Fairbreeze and began commissioning of East OFS; advanced rare earths strategy with conditional, nonbinding financing discussions (EFA and Ex-Im Bank) for a cracking and leaching facility in Australia and progress on a definitive feasibility study.
2026 Guidance and Cash Outlook
Guided Q1 2026 EBITDA of $55M–$65M, CapEx expected to moderate to ~$260M in 2026, and management expects positive free cash flow for full-year 2026 assuming realized pricing and working capital improvements.
TROX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
TROX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 18, 2026 | $7.75 | $6.95 | -10.32% |
Nov 05, 2025 | $3.14 | $3.12 | -0.64% |
Jul 30, 2025 | $4.98 | $3.09 | -37.94% |
Apr 30, 2025 | $5.13 | $5.20 | +1.46% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TRONOX Ltd (TROX) report earnings?
TRONOX Ltd (TROX) is schdueled to report earning on Apr 29, 2026, After Close (Confirmed).
What is TRONOX Ltd (TROX) earnings time?
TRONOX Ltd (TROX) earnings time is at Apr 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TROX EPS forecast?
TROX EPS forecast for the fiscal quarter 2026 (Q1) is -0.43.