Westlake 3Q 2026: Revenue $2.98B, Net income $6M, EPS $0.05— 10-Q Summary

What happened

Westlake reported third-quarter 2026 revenue of $2.98B, up 5% from a year earlier, and net income of $6M, compared with a $782M loss in the prior-year quarter. Diluted earnings per share were $0.05, versus a $6.06 loss. Higher prices supported sales, while volumes declined 1%.

Confirmed

Global impact / market context

Higher selling prices lifted revenue despite lower volumes, showing that price gains—not broader volume growth—supported the quarter. Cologne closure costs and higher ethane costs weighed on operations, while a planned plant closure and customer inventory buildup could constrain future production and sales.

Analyst inference

Results differed across Westlake’s businesses: Performance and Essential Materials sales rose 8%, while Housing and Infrastructure Products sales were roughly flat. Acquired businesses contributed to sales, but weaker housing and pipe volumes offset growth in some product lines.

Confirmed

What to watch

1. Track whether polyethylene, PVC, caustic soda, and epoxy prices continue supporting sales, and whether volumes recover from the reported 1% decline. Analyst inference
2. Watch for updates on the planned Cologne PVC plant closure by the end of 2027, including any effects on costs or operating output. Proposed
3. Monitor pipe customer inventories and energy and shipping costs; inventory buildup may restrain near-term sales, while cost volatility could pressure operations. Analyst inference

Evidence

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