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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, supported by strong execution and elevated PET margins and South America freight rates.
Full-year 2026 comparable EBITDA guidance rose to $990 million; leverage improved to 1.8x from 2.2x in 2Q26.
Financial highlights
Reported EBITDA was $303 million, up 161% YoY; the figure included 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.
YTD comparable EBITDA was $762 million, up 96% YoY; Operating Free Cash Flow was $5 million after a $226 million net working capital investment.
Outlook and guidance
FY26 guidance: comparable EBITDA of $990 million, volume of 4.6 million tons, Operating Free Cash Flow of $300–350 million and CAPEX of $150 million; EBITDA guidance excludes potential non-strategic asset sales.
4Q26 assumptions: PET margins of $225/ton, PP margins of 17 cpp, South America ocean freight of $200/ton and FX of $18.00.
PET margins and ocean freight are expected to moderate gradually with typical 4Q seasonality, while remaining above expectations set in 2Q26.
- Free cash flow rose as net debt fell, with $75M+ in annualized savings targeted.ALPEKA
Q4 2023 - 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
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