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ALPEK (ALPEKA) investor relations material

ALPEK Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary22 Oct, 2026

Executive summary

  • Q3 comparable EBITDA was $276 million, up 101% YoY and down 18% QoQ; strong execution, elevated PET margins and freight supported results.

  • FY26 comparable EBITDA guidance increased to $990 million from $750–800 million; local production and supply-chain flexibility supported resilience amid trade disruption and Asian feedstock shortages.

Financial highlights

  • Reported EBITDA was $303 million, up 161% YoY, including a $27 million inventory adjustment; volume was 1.172 million tons, flat QoQ and up 4% YoY.

  • Revenue was $2.179 billion, up 31% YoY; gross profit was $304 million, operating income $229 million and consolidated net income $151 million.

  • YTD comparable EBITDA was $762 million, up 96% YoY; reported EBITDA was $872 million, up 150%.

Outlook and guidance

  • FY26 guidance: comparable EBITDA $990 million, volume 4.6 million tons, operating free cash flow $300–350 million and CapEx $150 million.

  • Remaining-period assumptions: China PET margins $225/ton, North American PP margins 17 cpp, South America ocean freight $200/ton and FX at $18.00.

  • PET margins and ocean freight are expected to moderate gradually with Q4 seasonality but remain above 2025 levels; guidance excludes potential non-strategic asset monetization.

  • 2027 contracted margins are expected to exceed 2025 levels, with some potentially moderating from 2026; volume is expected to be similar to 2026.

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