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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.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.
- Strong market leadership, asset optimization, and ESG progress underpin robust financial results.ALPEKA
Institutional presentation - Market leadership, financial strength, and sustainability drive growth in polyester and PET.ALPEKA
Institutional presentation - EBITDA up 300% YoY in Q2 2026, leverage improved to 2.2x, and guidance was raised.ALPEKA
Q2 2026 - EBITDA surged 50% sequentially, with improved leverage and strong segment performance.ALPEKA
Q1 2026 - 2025 EBITDA dropped 30% to $489M, but free cash flow rose 57%; 2026 outlook targets $450–$500M EBITDA.ALPEKA
Q4 2025 - Q3 delivered record EBITDA, raised guidance, and progress on spin-off and cost savings.ALPEKA
Q3 2024 - Stable volumes, $75M cost savings, and lower leverage support 2024 guidance.ALPEKA
Q2 2024 - 1Q25 volume and EBITDA fell on overcapacity, but strategic initiatives and cash flow improved.ALPEKA
Q1 2025 - 2024 EBITDA beat guidance, cost savings hit $75M, and leverage improved to 2.9x.ALPEKA
Q4 2024
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