Turtle Creek Asset Management highlighted Celanese Corporation as having a significant competitive edge due to its disproportionate use of low-cost U.S. natural gas in production, according to the firm's first-quarter 2026 investor letter. Celanese, a global specialty chemical and materials company, was the portfolio's largest detractor after reporting weaker-than-expected EBITDA and EPS, yet it continued to generate substantial free cash flow. Turtle Creek noted that higher global feedstock costs, such as natural gas, amplify Celanese's advantage. The stock closed at $51.23 on June 17, 2026, with a market capitalization of $5.62 billion, and 49 hedge funds held the name at quarter-end, up from 42 in the prior quarter.
Celanese CorporationCelanese benefits from low-cost US natural gas advantage, which lowers input costs and provides a competitive edge.