Chemtrade Logistics (TSE:CHE.UN)
TSX:CHE.UN
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Earnings Data
Report Date
Aug 19, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.26Last Year’s EPS
0.09Same Quarter Last Year
Strong Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced view: management maintained full-year adjusted EBITDA guidance ($485M–$525M), highlighted operational progress (ultrapure customer wins, completed turnaround, active NCIB, and water integration), and has a clear capital allocation and deleveraging plan. Offsetting these positives are significant commodity-driven headwinds — notably volatile caustic and elevated sulfur/sulfuric acid — that have materially pressured netbacks (MECU down ~USD 195 YoY) and created forecasting uncertainty. Management described mitigations (contract pass-throughs, merchant acid benefits) but acknowledged timing lags and near-term impacts (turnarounds, input-cost pass-through over multiple quarters). Overall, positives and negatives are roughly balanced.Company Guidance
Full-Year Adjusted EBITDA Guidance Maintained
Company reaffirmed full-year adjusted EBITDA guidance of $485 million to $525 million and stated guidance already incorporates higher sulfur and aluminum input costs for the Water segment.
Convertible Debenture Path to Cleanup
2028 convertible debenture has a soft-call if trading >125% of strike ($12.85 → ~$16.10) for 20 trading days; management noted the debenture is trading at ~140% and that unwinding convertible debentures remains a strategic priority, giving the company the ability to reduce leverage if market conditions persist.
Ultrapure (Cairo) Plant Ramp and Customer Wins
Cairo ultrapure line progressing well — company will be selling to two major fabs this year (qualified for advanced node), expects rapid pickup over the next 12 months and to fill the line over a couple of years.
North Vancouver Turnaround Completed
North Vancouver turnaround successfully completed; operational restart achieved and management reiterated the turnaround was successful (previously estimated ~4-week shutdown impact).
Chlorine Demand Improvement and Pricing Drivers
Seasonal summer demand for chlorine combined with increased U.S. PVC demand/exports (driven by Middle East crisis) has improved chlorine demand and pricing dynamics; management flagged regional netback assumptions but noted short-term seasonality benefit.
Active Capital Allocation Priorities
Management remains focused on NCIB (target unit count ~100 million units), organic growth (~$50M annual run rate historically, now focused on Water and select Ultrapure), dividend/distribution maintenance, and M&A pipeline focused on Water; leverage target set at ≤2.5x with flexibility for strategic deals.
Merchant Acid / ASP Tailwinds
ASP/merchant acid benefited from elevated sulfur prices; management expects merchant acid margins to expand when sulfur spikes, which partially offsets other headwinds.
TSE:CHE.UN 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
TSE:CHE.UN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | C$18.40 | C$16.59 | -9.84% |
Feb 25, 2026 | C$15.71 | C$15.48 | -1.44% |
Nov 11, 2025 | C$14.14 | C$14.84 | +4.91% |
Aug 14, 2025 | C$10.73 | C$11.81 | +10.07% |
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 Chemtrade Logistics (TSE:CHE.UN) report earnings?
Chemtrade Logistics (TSE:CHE.UN) is schdueled to report earning on Aug 19, 2026, After Close (Confirmed).
What is Chemtrade Logistics (TSE:CHE.UN) earnings time?
Chemtrade Logistics (TSE:CHE.UN) earnings time is at Aug 19, 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 TSE:CHE.UN EPS forecast?
TSE:CHE.UN EPS forecast for the fiscal quarter 2026 (Q2) is 0.26.