Tronox Reports Q2 2026 Results Amid Production and Pricing Shifts
Stamford-based Tronox Holdings reported $868 million in revenue for the second quarter of 2026, marking a 19% year-over-year increase driven by higher sales volumes of titanium dioxide and zircon. Despite this growth, the company recorded a net loss of $171 million, largely impacted by a $103 million tax valuation allowance.
CEO John Romano noted that the company benefited from robust demand and structural shifts across the industry, with TiO2 volumes reaching their highest levels since 2022. While operational costs rose due to planned facility outages, Tronox successfully offset these through inventory sales and cost-saving initiatives. The company generated $60 million in free cash flow, supported by a $120 million reduction in total inventory levels compared to the previous quarter.
Looking ahead, Tronox expects third-quarter adjusted EBITDA to land between $95 million and $115 million. While the company anticipates seasonal moderation in TiO2 and zircon volumes, it projects price improvements for both products. Management remains focused on strengthening the balance sheet and navigating macroeconomic volatility, including geopolitical tensions in the Middle East, while continuing to advance its long-term rare earths strategy.
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