Westlake Corporation (WLK)
NYSE:WLK
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Earnings Data
Report Date
Aug 11, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
1.84Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a cautiously optimistic outlook: underlying operational progress and market tailwinds (Middle East-driven supply disruptions, strong sequential volume recovery, $150M Q1 EBITDA uplift and return of Epoxy to profitability) provide clear momentum. At the same time, near-term headwinds—primarily a transitory natural gas cost spike (~34% QoQ impact referenced), delayed seasonal demand from cold weather, PVC price-reset timing, GAAP one-time charges ($85M) and remaining litigation exposure—kept GAAP results negative and forced cautious guidance updates. Management expects the pricing and cost-saving actions to have stronger impact in Q2–Q3 and reiterated a $600M annual EBITDA improvement target, supporting a positive operational outlook despite near-term uncertainties.Company Guidance
Solid Revenue and Adjusted EBITDA
Reported net sales of $2.7 billion and adjusted EBITDA of $235 million for Q1 2026 (non-GAAP, excludes identified items).
PEM (Materials) Recovery and Volume Growth
PEM segment delivered net sales of $1.7 billion and adjusted EBITDA of $36 million, with sequential volume growth of ~3% (excludes volumes impacted by 2025 plant shutdowns).
HIP (Products) Strong Seasonal Improvement and Volume Gain
HIP generated net sales of $1.0 billion and adjusted EBITDA of $186 million; sequential sales volume growth ~10% (excluding certain acquisition impacts) and a reported 15% sequential increase in sales volume including the ACI acquisition versus Q4 2025.
Profitability Improvement Plan Delivering
Management reported approximately $150 million of EBITDA uplift from footprint optimization and cost savings in Q1 2026 and reiterated a target of $600 million total EBITDA uplift for 2026.
Epoxy Returned to Profitability
Footprint optimization and cost actions returned the Epoxy business to profitability for the first time since 2023 (previously generating >$100 million annual EBITDA losses).
Favorable Market Dynamics from Middle East Disruption
Conflict-driven supply disruptions (estimated 10%-15% of global polyethylene supply and ~5% of global PVC resin supply) supported higher selling prices and improved demand for North American, gas-fed producers like Westlake, benefiting PEM pricing/margins late in the quarter.
Balance Sheet and Liquidity Strength
Cash & investments of $2.5 billion and total debt of $5.6 billion as of March 31, 2026; company signaled financial flexibility, called remaining $500 million of debt in Q2, and continues to pursue strategic deployments (ACI acquisition integrated; LOI for PVC/VCM plant in Germany).
Accounting and Inventory Benefit
Use of FIFO resulted in a favorable pretax estimated impact of $37 million versus what LIFO would have reported for Q1 (estimate, unaudited).
WLK 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
WLK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 24, 2026 | $92.56 | $103.65 | +11.99% |
Oct 30, 2025 | $72.47 | $67.36 | -7.05% |
Aug 05, 2025 | $74.73 | $81.42 | +8.96% |
May 02, 2025 | $89.84 | $77.74 | -13.46% |
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 Westlake Corporation (WLK) report earnings?
Westlake Corporation (WLK) is schdueled to report earning on Aug 11, 2026, Before Open (Confirmed).
What is Westlake Corporation (WLK) earnings time?
Westlake Corporation (WLK) earnings time is at Aug 11, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is WLK EPS forecast?
WLK EPS forecast for the fiscal quarter 2026 (Q2) is 1.84.