Tronox Holdings Q3 2026 Earnings Call Transcript - Tronox Holdings (NYSE:TROX)

Tronox said its third-quarter 2026 results improved sequentially in adjusted EBITDA and margins despite geopolitical challenges affecting operations, particularly at the Yanbu facility. The company implemented the price increases it announced in Q2 across all markets, supporting higher EBITDA margins even as demand was softer than expected. Antidumping duties were reinstated in India, while investigations remain ongoing in the UK and Australia, which Tronox said helped create a more competitive environment. Operationally, it restarted the Namakwa furnace and the West mine, improving inventory availability for zircon, and increased pigment operating rates. Adjusted EBITDA was $101 million, up 36% year over year, though partly offset by higher production and freight costs. Total debt stood at $3.2 billion with liquidity of $509 million, including $136 million in cash.