ALB

EX-99.1

2 a2q26earningsreleaseex991.htm

EX-99.1

Document

Exhibit 99.1

Contact:

invest@albemarle.com1.980.308.6194

Albemarle Reports Second Quarter 2026 Results

CHARLOTTE, N.C. – August 5, 2026 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the second quarter ended June 30, 2026.

Second Quarter 2026 and Recent Highlights

(Unless otherwise stated, all percentage changes represent year-over-year comparisons and do not exclude the prior-period results of Ketjen’s refining catalyst solutions business in which the company sold a 51% stake on March 2, 2026)

•Net sales of $1.7 billion, up 31% due to higher pricing in Energy Storage (+73%) and higher pricing and volumes in Specialties (price +11%, volume +8%).

•Net income of $480 million, or $3.52 per diluted share attributable to common shareholders.

•Adjusted EBITDA(a) of $858 million; up 155% due primarily to higher pricing in Energy Storage, increased pricing and volumes in Specialties and ongoing cost and productivity improvements. Adjusted EBITDA expanded in both Energy Storage (+229%) and Specialties (+61%).

•Cash from operating activities of $710 million and free cash flow of $638 million(a). Operating cash flow conversion of 83%(a), primarily driven by timing of an increased dividend from the Talison joint venture and non-recurring working capital benefits.

•Delivered $100 million in year-to-date run-rate cost and productivity improvements, tracking towards the high end of our full-year target of $100 to $150 million.

•Improving full-year 2026 outlook considerations including:

◦Increasing full-year Specialties net sales outlook to $1.4 to $1.6 billion and adjusted EBITDA outlook to $275 to $325 million, due to stronger-than-expected pricing and volume performance year to date.

◦Expect minimal impact to Energy Storage sales volume related to the fire at Talison CGP3 which occurred on June 9, in part due to better-than-planned output from the Wodgina mine.

◦Reducing full-year capital expenditure forecast to approximately $500 million due to ongoing capital efficiency improvements.

(a)    See Non-GAAP Reconciliations for further details.

“Albemarle delivered another quarter of strong results, reflecting improved pricing, continued strength in Specialties, disciplined cost and productivity execution, and strong cash generation,” said Kent Masters, Chairman and CEO. “We continue to see resilient demand fundamentals across our core markets, including energy storage, electric vehicles, and semiconductors. We are advancing our highest value organic growth opportunities while maintaining a disciplined approach to capital allocation and execution.”

Second Quarter 2026 Results

In millions, except per share amountsQ2 2026Q2 2025$ Change% Change

Net sales$1,743.3 $1,330.0 $413.3 31.1 %

Net income attributable to Albemarle Corporation$480.0 $22.9 $457.1 1,996.2 %

Adjusted EBITDA(a) $858.1 $336.5 $521.6 155.0 %

Diluted income (loss) per share attributable to common shareholders$3.52 $(0.16)$3.68 NM

Non-recurring and other unusual items(a)

0.22 0.27

Adjusted diluted income per share attributable to common shareholders(a)(b)

$3.75 $0.11 $3.64 NM

(a)    See Non-GAAP Reconciliations for further details.

(b)    Totals may not add due to rounding.

1

Net sales for the second quarter of 2026 were $1.7 billion compared to $1.3 billion for the prior-year quarter, up 31%, driven primarily by higher prices in both Energy Storage and Specialties and volume growth in Specialties. Adjusted EBITDA of $858 million increased by $522 million from the prior-year quarter, primarily due to higher net sales and ongoing cost and productivity improvements.

Net income attributable to Albemarle of $480 million increased year over year by $457 million. The effective income tax rate for the second quarter of 2026 was 21.3% or 19.1% on an adjusted basis.

Energy Storage Results

In millionsQ2 2026Q2 2025$ Change% Change

Net Sales$1,276.7 $717.7 $559.0 77.9 %

Sales Volume (kT LCE)(a) 65 59 6 11.0 %

Avg. Realized Price ($/kg LCE)(a) $19.53 $12.17 $7.36 60.5 %

Adjusted EBITDA$723.5 $219.7 $503.7 229.3 %

(a) Includes aggregated salts and spodumene sales on a lithium carbonate equivalent (LCE) basis.

Energy Storage net sales for the second quarter of 2026 were $1.3 billion, an increase of $559 million, or 78%, due to higher pricing. Adjusted EBITDA of $723 million increased $504 million, or 229%, primarily due to higher lithium pricing partially offset by higher CORFO commissions.

Specialties Results

In millionsQ2 2026Q2 2025$ Change% Change

Net Sales$423.5 $351.6 $71.9 20.5 %

Adjusted EBITDA$117.7 $73.0 $44.7 61.3 %

Specialties net sales for the second quarter of 2026 were $423 million, an increase of $72 million, or 20%, primarily due to higher volumes (+8%) and pricing (+11%). Adjusted EBITDA of $118 million increased $45 million, or 61%, primari

EX-99.1

2 a1q26earningsreleaseex991.htm

EX-99.1

Document

Exhibit 99.1

Contact:

invest@albemarle.com1.980.308.6194

Albemarle Reports First Quarter 2026 Results

CHARLOTTE, N.C. – May 6, 2026 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the first quarter ended March 31, 2026.

First Quarter 2026 and Recent Highlights

(Unless otherwise stated, all percentage changes represent year-over-year comparisons)

•Net sales of $1.4 billion, up 33% due to higher volumes and pricing in Energy Storage (volumes +14%, price +51%) and Specialties (volumes +7%, price +2%).

•Net income of $319 million, or $2.34 per diluted share attributable to common shareholders; Adjusted income of $2.95 per diluted share attributable to common shareholders(a).

•Adjusted EBITDA(a) of $664 million; up 148% due primarily to higher volumes and pricing in Energy Storage and Specialties and on-going cost and productivity improvements. Adjusted EBITDA expanded in both Energy Storage (+196%) and Specialties (+30%).

•Cash from operating activities of $346 million and free cash flow of $248 million(a). Capital expenditures of $99 million; maintaining full-year capital expenditure forecast of $550 million to $600 million.

•Delivered $40 million in cost and productivity improvements, on track to achieve full-year target of $100 million to $150 million.

•Closed sales of Eurecat joint venture and controlling stake in Ketjen for a combined $648 million net cash proceeds.

•Completed debt reduction actions that resulted in paying down $1.3 billion of outstanding debt and lowering the weighted average interest rate.

•Improved 2026 outlook considerations, including increased full-year Specialties outlook for both sales and adjusted EBITDA, primarily due to higher prices, and reduced interest expense following recent debt reduction actions. Maintaining enterprise outlook scenarios as these improvements are expected to offset higher costs related to supply chain disruptions in the Middle East.

(a)    See Non-GAAP Reconciliations for further details.

“Albemarle had a strong start to 2026, with net sales and adjusted EBITDA up year over year. Higher pricing and volumes in Energy Storage and Specialties, along with continued cost and productivity actions, were the key contributors to our results,” said Kent Masters, Chairman and CEO. “We also took advantage of our successful cash and portfolio management actions to pay down debt in the quarter, further strengthening our balance sheet and financial flexibility. As the global operating environment remains uncertain, we are focused on the things within our control, including operational excellence, cost and productivity discipline, and cash generation, to enable long-term volume and earnings growth.”

First Quarter 2026 Results

In millions, except per share amountsQ1 2026Q1 2025$ Change% Change

Net sales$1,428.7 $1,076.9 $351.9 32.7 %

Net income attributable to Albemarle Corporation$319.1 $41.3 $277.7 671.7 %

Adjusted EBITDA(a) $663.8 $267.1 $396.7 148.5 %

Diluted income (loss) per share attributable to common shareholders$2.34 $(0.00)$2.34 NM

Non-operating pension and OPEB items(a)

0.01 —

Non-recurring and other unusual items(a)

0.60 (0.18)

Adjusted diluted income (loss) per share attributable to common shareholders(a)(b)

$2.95 $(0.18)$3.13 NM

(a)    See Non-GAAP Reconciliations for further details.

(b)    Totals may not add due to rounding.

1

Net sales for the first quarter of 2026 were $1.4 billion compared to $1.1 billion for the prior-year quarter, up 33%, driven primarily by higher price and volume in both Energy Storage and Specialties. The divestiture of Ketjen reduced net sales by 4% versus prior year. Adjusted EBITDA of $664 million increased by $397 million from the prior-year quarter, primarily due to higher net sales and on-going cost and productivity improvements. Net income attributable to Albemarle of $319 million increased year over year by $278 million.

The effective income tax rate for the first quarter of 2026 was 8.5% compared to 21.0% in the same period of 2025. On an adjusted basis, the effective income tax rates were 5.2% and (42.8)% for the first quarters of 2026 and 2025, respectively, with the change primarily due to geographic income mix including higher income in jurisdictions with net operating losses or tax valuation allowances.

Energy Storage Results

In millionsQ1 2026Q1 2025$ Change% Change

Net Sales$891.2 $524.6 $366.6 69.9 %

Adjusted EBITDA$551.4 $186.4 $365.0 195.9 %

Energy Storage net sales for the first quarter of 2026 were $891 million, an increase of $367 million, or 70%, due to higher pricing (+51%) and volumes (+14%). Adjusted EBITDA of $551 million increased $365 million, or 196%, primarily due to higher lithium pricing, spodumene inventory timing, and cost and productivity improvements.

Specialties Results

In millionsQ1 20

EX-99.1

2 a4q25earningsreleaseex991.htm

EX-99.1

Document

Exhibit 99.1

Contact:

invest@albemarle.com1.980.308.6194

Albemarle Reports Fourth Quarter and Full Year 2025 Results

CHARLOTTE, N.C. – Feb. 11, 2026 - Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced its results for the fourth quarter and full year ended December 31, 2025.

Fourth Quarter and Full Year 2025 Results and Highlights

(Unless otherwise stated, all percentage changes represent year-over-year comparisons)

•Fourth quarter net sales of $1.4 billion, up 16%; volume up 12%, including gains in all segments led by Energy Storage (up 17%) and Ketjen (up 13%).

•Fourth quarter net loss of ($414) million, or ($3.87) per diluted share, includes tax-related items and the write-down of assets in relation to the expected Ketjen transaction value; adjusted diluted loss per share of ($0.53)(a).

•Fourth quarter adjusted EBITDA(a) of $269 million, up 7%, led by Energy Storage (+25%) and Ketjen (+39%).

•Full year cash from operations of $1.3 billion, representing more than 100% operating cash flow conversion(b), driven primarily by cost and productivity improvements, working capital management, and a customer pre-payment received in January 2025.

•Free cash flow of $692 million(a) reflects strong operating cash flow conversion and significantly lower capital expenditures of $590 million (down 65% year-over-year).

•Achieved approximately $450 million of cost and productivity improvements, exceeding the initial target of $300 to $400 million.

•Closed sale of 50% stake in the Eurecat joint venture for $123 million cash in January 2026; on track to close sale of controlling stake in Ketjen in Q1 2026.

•Introducing full-year 2026 outlook considerations, including ranges based on updated lithium market price scenarios:

◦New scenarios highlight improved lithium market conditions and operational performance.

◦Full-year 2026 capital expenditures expected to be approximately flat year-over-year, reflecting consistent sustaining capital, Ketjen divestiture and targeted growth capital focused on productivity gains and resource development.

◦Meaningful free cash flow generation assuming recent higher lithium prices.

(a)    See Non-GAAP Reconciliations for further details.

(b)    Defined as Operating Cash Flow divided by Adj. EBITDA, which is a non-GAAP measure. See Non-GAAP Reconciliations for further details.

"Our results for the fourth quarter and full year 2025 are a testament to our team’s focus on execution amid dynamic market conditions. Albemarle achieved year-over-year sales growth of more than 15% in the fourth quarter, as well as strong full-year cash flow generation and significant cost and productivity improvements,” said Kent Masters, Chairman and CEO. “The steps we have taken to optimize our asset portfolio, reduce costs and strengthen our financial flexibility have improved our competitive position. Even as market conditions improve, we continue to drive cost reduction and productivity actions to enable long-term growth, powered by our world-class resources."

1

Fourth Quarter 2025 Results

In millions, except per share amountsQ4 2025Q4 2024$ Change % Change(c)

Net sales$1,428.0 $1,231.7 $196.3 15.9 %

Net (loss) income attributable to Albemarle Corporation$(414.2)$75.3 $(489.5)NM

Adjusted EBITDA(a) $268.7 $250.7 $18.0 7.2 %

Diluted (loss) earnings per share attributable to common shareholders$(3.87)$0.29 $(4.16)NM

Non-operating pension and OPEB items(a)

0.15 (0.07)

Non-recurring and other unusual items(a)

3.19 (1.31)

Adjusted diluted loss per share attributable to common shareholders(a)(b) $(0.53)$(1.09)$0.56 51.4 %

(a)    See Non-GAAP Reconciliations for further details.

(b)    Totals may not add due to rounding.

(c)    Certain percentage changes are considered not meaningful (“NM”)

Net sales for the fourth quarter of 2025 were $1.4 billion compared to $1.2 billion for the prior-year quarter, an increase of 16%, driven primarily by higher volumes in Energy Storage (+17%) and Ketjen (+13%) and higher pricing in Energy Storage. Net loss attributable to Albemarle of $414 million increased year-over-year by $490 million primarily due to tax-related items and the write-down of assets in relation to the expected Ketjen transaction value. Excluding these one-time items, adjusted net loss improved year-over-year. Adjusted EBITDA of $269 million increased by $18 million from the prior-year quarter primarily due to higher pricing in Energy Storage and higher volumes in Ketjen.

The effective income tax rate for the fourth quarter of 2025 was (55.2)%, compared to 13.8% in the same period of 2024. On an adjusted basis, the effective income tax rates were 561.1% and 446.9% for the fourth quarters of 2025 and 2024, respectively, with the increase primarily due to recording a valuation allowance on the entirety of U.S. deferred tax assets in th