Albemarle Q1 revenue beats estimates on energy storage pricing, volumes

Albemarle

06/05/2026 21:25

Overview

US lithium and bromine producer's Q1 revenue rose 33%, beating analyst expectations

Adjusted EPS for Q1 beat analyst expectations, driven by higher prices and volumes

Company paid down $1.3 bln in debt after asset sales, lowering interest expense

Outlook

Company expects FY 2026 capital expenditures of $550 mln to $600 mln, roughly flat vs 2025

Albemarle says improved Specialties outlook for FY 2026 due to higher bromine pricing

Result Drivers

ENERGY STORAGE PRICING AND VOLUMES - Co said Q1 revenue and profit growth were primarily driven by higher prices (+51%) and volumes (+14%) in Energy Storage

SPECIALTIES SEGMENT GROWTH - Higher volumes (+7%) and prices (+2%) in Specialties contributed to increased sales and profitability

COST AND PRODUCTIVITY IMPROVEMENTS - Ongoing cost and productivity actions delivered $40 mln in improvements in Q1, supporting higher margins

Company press release: ID:nPnbcRs7ka

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Net sales
Beat
$1.43 bln
$1.32 bln (13 Analysts)
Q1 Adjusted EPS
Beat
$2.95
$1.09 (16 Analysts)
Q1 EPS
$2.34
Q1 Adjusted EBITDA
Beat
$663.80 mln
$443.71 mln (15 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 12 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialty chemicals peer group is "buy"

Wall Street's median 12-month price target for Albemarle Corp is $210.00, about 7.8% above its May 5 closing price of $194.82

The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 51 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)