Huntsman (HUN) Q2 2026: Zero EPS, Olin Merger Vote Looms August 25
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Huntsman beat revenue expectations on strong volumes but reported zero earnings per share, missing consensus by a full 100% as surging European energy costs and a $90 million free cash flow swing crushed profitability. The real story: stockholders vote August 25 on the all-stock Olin merger, which management frames as the path to vertical integration and synergy recovery.
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Huntsman managed to beat revenue expectations in Q2 2026, reporting $1.663 billion against a consensus estimate of roughly $1.606 billion — a beat of about 3.5% driven by stronger volumes. But the top-line win was overshadowed by a complete collapse in profitability: the company posted zero earnings per share, missing the consensus estimate of $0.06 by a full 100%. That marks the eighth consecutive quarter in which Huntsman has either missed or barely met EPS expectations, with reported results ranging as low as -$0.37 in Q4 2025.
The pressure on the bottom line came from two directions: surging European energy costs that squeezed margins, and a $90 million swing in free cash flow that drained financial flexibility. Together they erased what volume growth had delivered, leaving investors with a quarter that looked better on revenue than it actually was on any measure of earnings power.
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The more consequential event may come after the quarter closes. Huntsman stockholders are scheduled to vote on August 25 on the all-stock merger with Olin, a deal management is positioning as the route to vertical integration and the recovery of synergies that organic operations have so far failed to deliver. The outcome of that vote is likely to determine whether the persistent EPS losses of the past two years are a transitional chapter or a structural problem.
Mentioned: HUN