Huntsman Corporation stock edges lower as Q2 2026 loss and merger with Olin weigh on sentiment

Huntsman Corporation stock (ISIN US4470111075) ended the last completed trading session on September 18, 2026 at USD 9.09 on the New York Stock Exchange, down about 24.7% over the past quarter and extending recent share price weakness highlighted by valuation studies.Simply Wall St on September 19, 2026 estimated a fair value of about USD 11.82 per share, implying roughly 23% upside from the latest close, while flagging downside risk if cash generation does not improve.

Q2 2026 loss narrows as revenue grows double digits

Operationally, Huntsman Corporation reported a mixed but improving picture for the second quarter of 2026, which ended on June 30, 2026.StockTitan on September 19, 2026 summarized that Q2 2026 revenue rose 14% year on year to USD 1,663 million from USD 1,458 million, driven by higher volumes and pricing across all three segments. Net loss attributable to Huntsman narrowed to USD 6 million in Q2 2026, compared with a net loss of USD 55 million in the prior-year quarter, translating into diluted GAAP earnings per share of USD -0.03. The same report noted that adjusted EBITDA increased to USD 120 million in Q2 2026, up from USD 72 million a year earlier, indicating a significant turnaround in underlying profitability despite the headline loss.

Segment performance contributed to the improvement. According to the Q2 2026 summary,StockTitan reported that Polyurethanes revenue grew 16% year on year, Performance Products revenue increased by 5%, and Advanced Materials revenue jumped 19%. Segment adjusted EBITDA reached USD 66 million for Polyurethanes, USD 37 million for Performance Products and USD 64 million for Advanced Materials in Q2 2026. For investors, this means that Huntsman is currently generating its most robust growth in Advanced Materials, while still relying heavily on Polyurethanes for scale.

Cash flow pressure and leverage remain key risks

Beneath the improving earnings trend, Huntsman’s cash flow and balance sheet still present important risk factors. The Q2 2026 disclosure cited byStockTitan shows that free cash flow was a use of USD 90 million in Q2 2026, compared with a USD 55 million source of free cash flow in the prior-year quarter. Net debt stood at USD 1,741 million as of June 30, 2026, with around USD 0.9 billion of cash and unused borrowing capacity, underscoring that leverage remains meaningful even as liquidity is adequate. Historical context from the same source indicates that full-year 2025 revenue was USD 5,683 million versus USD 6,036 million in 2024, while net loss attributable to Huntsman widened to USD 284 million in 2025 from USD 189 million in 2024, highlighting that the current recovery follows a period of sustained losses.

The valuation study bySimply Wall St on September 19, 2026 added that Huntsman shares at USD 9.09 trade below an estimated intrinsic value of about USD 11.82 based on earnings and asset-based models, but above an estimated cash-flow-based value of around USD 7.80. This duality suggests that the market currently prices in some improvement in future cash generation, and that a failure to deliver better free cash flow could expose investors to downside toward the lower cash-flow valuation.

Merger of equals with Olin approved by shareholders

A major strategic development for Huntsman is its planned all-stock merger of equals with Olin Corporation, a peer in the chemicals industry. According toStockTitan on September 19, 2026, Huntsman reported that its stockholders approved the previously announced all-stock merger of equals with Olin. While detailed terms are not fully outlined in the brief summary, the approval indicates that both companies are moving toward combining their operations, which should create a larger, more diversified chemicals group.

For shareholders, the merger presents both potential synergies and integration risks. On the one hand, a merged Huntsman-Olin entity could leverage scale in polyurethanes, performance products and chlor-alkali derivatives, potentially driving cost savings and a stronger competitive position. On the other hand, Huntsman’s existing net debt of USD 1,741 million as of June 30, 2026 and ongoing free cash flow challenges mean that realizing merger synergies will be critical to justify the transaction. The valuation analysis bySimply Wall St underscores that current share price weakness may reflect skepticism about Huntsman’s ability to translate strategic moves like the merger into sustainable earnings and cash flow improvements.

Dividend and analyst view support a cautious stance

Despite recent losses, Huntsman continues to return capital to shareholders through dividends. As noted byMarketBeat on September 19, 2026, Huntsman recently announced a quarterly dividend of USD 0.0875 per share, representing an annualized dividend of USD 0.35 and a dividend yield of about 3.9% at recent prices. The same update noted that shareholders of record on September 15, 2026 will receive the dividend on September 30, 2026, with the ex-dividend date also on September 15, 2026. Forward estimates on another portal show a similar annual dividend rate of USD 0.35, reinforcing that the dividend is a meaningful component of total shareholder return even in loss-making periods.Seeking Alpha lists a forward dividend rate of USD 0.35 and a recent quarterly dividend announcement of USD 0.0875 per share, consistent with the MarketBeat figures.

Analyst sentiment remains restrained. According to data compiled byMarketBeat on September 19, 2026, analysts maintain a consensus Hold rating on Huntsman stock with a consensus target price of USD 12.23. Relative to the latest close of USD 9.09, this implies potential upside of roughly 34.6% if the company can deliver on earnings and cash flow expectations. However, the Hold stance rather than a Buy underscores that many analysts view the risk-reward as balanced, particularly in light of the merger integration risk and the company’s history of net losses.

Stock trades near the lower end of its 52-week range

From a market perspective, Huntsman shares are currently trading closer to the lower end of their recent range. On September 18, 2026, data compiled bySeeking Alpha showed Huntsman Corporation closing at USD 9.09 on the NYSE at 4:00 p.m. Eastern, with a prior close of USD 9.12, representing a modest daily decline of about 0.3%. The same overview indicated a 52-week range between USD 7.30 and USD 16.09, placing the latest close much nearer to the 52-week low than the high. That positioning reflects the share price weakness cited by valuation analysts and suggests that the market remains cautious despite improving quarterly earnings.

Trading volume around the latest session is moderate, consistent with the stock’s profile as a mid-cap chemicals name, though detailed volume figures are less prominent in the summarized sources. A separate market capitalization overview fromCompaniesMarketCap on September 15, 2026 reported Huntsman’s market cap at NZD 2.81 billion on that date and NZD 2.84 billion for 2026 overall. While these figures are stated in New Zealand dollars rather than United States dollars, they corroborate that Huntsman sits firmly in the mid-cap bracket within global chemicals, a scale that can make strategic moves like the merger with Olin particularly impactful for its valuation.

Next earnings date and investor takeaway

Looking ahead, Huntsman’s next earnings checkpoint is relatively near. An events overview onMarketBeat indicates an estimated next earnings date of November 5, 2026 for Huntsman Corporation and confirms that the company’s fiscal year ends on December 31, 2026. While the November date is presented as an estimate rather than a firm company-confirmed schedule, it gives investors a sense of when more data on the merger progress, earnings trajectory and cash flow may become available.

For investors evaluating Huntsman Corporation stock today, the numbers point to a nuanced picture. Q2 2026 revenue grew 14% to USD 1,663 million and adjusted EBITDA climbed to USD 120 million, compared with USD 72 million a year earlier, signaling operational momentum. At the same time, Q2 2026 free cash flow swung to a USD 90 million use from a USD 55 million source, and net debt of USD 1,741 million as of June 30, 2026 underscores that financial risk remains a central consideration. The approved all-stock merger of equals with Olin Corporation adds strategic upside potential through scale and diversification, but execution on synergies and cash generation will likely determine whether the current consensus Hold rating and target price of USD 12.23 can be realized from a share price hovering near USD 9.09.

Huntsman stock price and key metrics

As of the close on September 18, 2026, Huntsman Corporation stock traded at USD 9.09 on the New York Stock Exchange, down slightly from the prior close of USD 9.12, with the price located near the lower end of its 52-week range of USD 7.30 to USD 16.09 based on data from Seeking Alpha. The company’s market capitalization stood in the mid-cap bracket, with a recent indication of about NZD 2.81 billion as of September 15, 2026 reported by CompaniesMarketCap, and the shares currently carry a consensus Hold rating with a target price of USD 12.23 according to MarketBeat. For investors, the combination of a modest dividend yield of around 3.9% on an annualized payout of USD 0.35 per share and potential merger synergies must be weighed against the recent history of net losses and free cash flow volatility.

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