Westlake returns to profitability in Q2 2026 with $260 million net income

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Westlake Corporation returned to profitability in the second quarter of 2026, reporting net sales of $3.3 billion, net income of $260 million, and EBITDA of $679 million, compared with a net loss of $12 million in the prior-year quarter. The improvement was driven by higher average selling prices in its Performance and Essential Materials segment, lower feedstock costs, and cost savings from its profitability-improvement plan, which contributed about $150 million to year-over-year EBITDA growth in the quarter and keeps the company on track for its $600 million full-year 2026 target. Housing and Infrastructure Products sales rose 8% to $1.3 billion, but its EBITDA margin declined to 22% due to lower prices and higher transportation and raw-material costs, leading Westlake to lower its full-year HIP outlook toward the low end of its prior guidance range amid weaker residential construction expectations. The company maintained its $900 million capital expenditure plan for 2026 and completed the acquisition of a PVC and VCM plant in Wilhelmshaven, Germany, which is expected to contribute more meaningfully to earnings next year.

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Westlake Chemical Corporation
WLK
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Returned to profitability with net income of $260 million, beating prior-year loss, driven by higher prices and cost savings.

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