Huntsman Reports $1.7 Billion Third Quarter Revenue

The chemicals maker posted a third-quarter net loss while advancing its planned merger with Olin Corporation.

Updated on Nov. 3, 2026 in Corporate Finance

Bold flat-color editorial illustration of two storage tanks and a steel pipe rack on flat industrial ground under a pale sky, evoking the chemical sector. — Huntsman reported $1.7 billion in third-quarter revenue and an $18 million net loss as its merger with Olin Corporation remains on track to close in early 2027. AI Illustration. Upload story photo >

Huntsman Corporation reported third quarter 2026 revenues of $1,717 million, with a net loss attributable to the company of $18 million. The company said its merger with Olin Corporation is expected to close in the first quarter of 2027.

Why it matters

The results show a company recording a loss on a GAAP basis while adjusted measures remained positive, and the pending Olin combination reshapes its long-term footprint. Investors and Texas-based employees will watch how the merger and the company's leverage reduction plans play out.

Free cash flow was $82 million in the third quarter, compared with $157 million a year earlier, while combined cash and unused borrowing capacity stood at approximately $0.9 billion as of September 30, 2026. The effective tax rate of 108% for the quarter is not explained in the source material.

The players

Huntsman Corporation

A chemicals company headquartered in The Woodlands, Texas, that produces polyurethanes and performance products.

Olin Corporation

A U.S. chemicals manufacturer whose planned combination with Huntsman is pending completion.

The details

Polyurethanes segment revenue rose on higher average selling prices and higher sales volumes, while Performance Products revenue increased mainly on higher prices. Year-over-year improvement was attributed to higher volumes, stronger margins and cost savings.

August 25, 2026: Huntsman shareholders approved the merger with Olin Corporation.
September 2026: U.S. regulatory clearance for the merger was granted.
November 2, 2026: Third quarter 2026 results were announced.
November 3, 2026: Huntsman held an earnings conference call.

Market Dynamics

The quarter's results come as Huntsman moves toward combining with Olin Corporation, a step that has already cleared shareholder approval and U.S. regulatory review. The company's plan to reduce net debt leverage to about 4 times by year-end 2026 is central to how that combination is being financed.

Shareholders face a company reporting a GAAP net loss even as adjusted net income turned positive at $7 million. The pending Olin combination and leverage targets will determine how the balance sheet evolves for equity and debt holders.

The takeaway

Investors should weigh Huntsman's positive adjusted earnings and cash generation against the GAAP loss and the tax-rate anomaly when assessing the company's trajectory through the Olin merger.

What happens next

Huntsman expects the Olin merger to close in the first quarter of 2027 and plans to reduce net debt leverage to approximately 4 times by year-end 2026.