Huntsman Corp. (HUN): Recapping 2Q earnings and revising estimates to reflect near-term momentum but overall more cautious 2H outlook

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Huntsman Corp. (HUN): Recapping 2Q earnings and revising estimates to reflect near-term momentum but overall more cautious 2H outlook

Equity Research

3 August 2026 | 10:46PM EDT

Huntsman Corp. (HUN): Recapping 2Q earnings and revising estimates

to reflect near-term momentum but overall more cautious 2H outlook

Huntsman (HUN - Sell) reported solid 2Q quarter results, with adjusted EBITDA Duffy Fischer

+1(212)902-0099 |

reaching $120mn, surpassing the Bloomberg consensus of $117mn and marking a duffy.fischer@gs.com

Goldman Sachs & Co. LLC

significant increase from the $74mn recorded in the prior-year period. This

Mike Harris

performance was primarily driven by volume growth across all three operating +1(212)902-3667 | mike.harris@gs.com

segments—supported by stronger industrial demand that helped offset persistent Goldman Sachs & Co. LLC

Ramsey Abdulrahimweakness in the construction sector—alongside strategic pricing actions that +1(212)902-0091 |

successfully mitigated rising raw material costs. Despite these positive drivers, ramsey.abdulrahim@gs.comGoldman Sachs & Co. LLC

volatile energy and crude oil-related costs, particularly in Europe, continue to Jordan Lee

present headwinds, prompting management to remain committed to further price +1(212)357-6986 | jordan.lee@gs.com Goldman Sachs & Co. LLC

increases and structural cost-reduction initiatives.

Notables from the earnings call include: 1) Segment volume outperformance:

Despite a weak construction market, HUN achieved volume growth of 8% in

Advanced Materials (driven by power grid modernization, EV applications, and

aerospace recovery) and 4% in Polyurethanes (supported by double-digit growth in

spray foam and elastomers); 2) Macro and energy headwinds: According to HUN,