Albemarle Corporation (ALB)

Albemarle Reports First Quarter 2026 ResultsMay 6, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., May 6, 2026 /PRNewswire/ -- 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 ResultsIn millions, except per share amountsQ1 2026
Q1 2025
$ Change
% ChangeNet 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.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 ResultsIn millionsQ1 2026
Q1 2025
$ Change
% ChangeNet 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 ResultsIn millionsQ1 2026
Q1 2025
$ Change
% ChangeNet Sales$         358.4
$         321.0
$           37.4
11.7 %Adjusted EBITDA$           76.1
$           58.7
$           17.5
29.8 %Specialties net sales for the first quarter of 2026 were $358 million, an increase of $37 million, or 12%, primarily due to higher volumes (+7%) and pricing (+2%). Adjusted EBITDA of $76 million increased $17 million, or 30%, due to higher net sales and cost and productivity improvements. 2026 Outlook ConsiderationsTotal Corporate Outlook Considerations
The table below reflects expected outcomes for the total company based on recently observed lithium market price scenarios. Outlook ranges for each scenario are based on variation in sales volume and product mix. Energy Storage production volumes are expected to increase year over year. Sales volumes are expected to be approximately flat following inventory drawdowns that occurred in 2025. All three scenarios assume flat market pricing flowing through Energy Storage's current contract book which includes approximately 40% of salts volume on long-term agreements. Scenarios also assume that spodumene pricing averages 10% of the lithium carbonate equivalent (LCE) price, while other costs are assumed to be constant.
Total Corporate FY 2026E Observed market price case(a)FY 2025 avg.Q1 2026 avg.2021-2025 avg.Average lithium market price ($/kg LCE)(a)~$10~$20~$30Net sales$4.1 - $4.3 billion$5.7 - $6.0 billion$7.5 - $7.8 billionAdjusted EBITDA(b)$0.9 - $1.0 billion$2.4 - $2.6 billion$4.2 - $4.4 billion

(a)Price represents blend of relevant market pricing including spot and regional indices for the periods referenced.(b)The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. See "Additional Information Regarding Non-GAAP Measures" for more information.Energy Storage Market Price Scenarios
Energy Storage FY 2026E Observed market price case(a)FY 2025 avg.Q1 2026 avg.2021-2025 avg.Average lithium market price ($/kg LCE)(a)~$10~$20~$30Net sales$2.5 - $2.6 billion$4.0 - $4.2 billion$5.9 - $6.1 billionAdjusted EBITDA$0.7 - $0.8 billion$2.1 - $2.3 billion$3.9 - $4.1 billionEquity in net income of unconsolidated investments (net of tax)(b)$0.2 - $0.3 billion$0.6 - $0.7 billion$1.0 - $1.1 billion

(a)Price represents blend of relevant market pricing including spot and regional indices for the periods referenced.(b)Included in adjusted EBITDA on a pre-tax basis.Specialties Outlook Considerations
Specialties net sales and adjusted EBITDA outlook is improved primarily due to higher-than-expected bromine pricing in Chinese and Indian spot markets. Our outlook continues to reflect modest volume growth in key end markets led by semiconductors, oil and gas, flame retardants and pharmaceuticals partially offset by expected softness in automotive and petrochemicals. Operations at the Jordan Bromine Company (JBC) joint venture have fully recovered from the flooding event in late December 2025 and continue to operate despite geopolitical tensions in the region.
Segment FY 2026ESpecialties net sales$1.3 - $1.5 billionSpecialties adjusted EBITDA$225 - $275 millionOther Corporate Outlook Considerations
Albemarle expects its 2026 capital expenditures to be roughly flat compared to 2025, in the range of $550 million to $600 million.Following the sale of a controlling stake in Ketjen, announced on March 2, 2026, the refining catalyst business earnings are now classified as equity income and included in Corporate, as are the results of the retained Performance Catalyst Solutions (PCS) business. The adjusted EBITDA and equity income contributions from these are expected to be immaterial post transaction.Interest and financing expense is now expected to be between $120 and $140 million for 2026 following the debt reduction actions completed in the first quarter of 2026.
Other Corporate FY 2026E Capital expenditures$550 - $600 millionDepreciation and amortization $660 - $680 millionAdjusted effective tax rate(a)(50)% - 30%Corporate adjusted EBITDA (incl. FX, Ketjen equity income & PCS)($20) - $20 millionInterest and financing expenses$120 - $140 millionWeighted-average common shares outstanding (diluted)(b)~118 million



(a)Adjusted effective tax rate dependent on lithium market prices and geographic income mix(b)Diluted weighted-average common shares outstanding amount assumes the net income attributable to common shareholders will be reduced by mandatory convertible preferred stock dividends. If the assumed conversion of preferred stock results in a more dilutive earnings per share, the diluted weighted-average common shares outstanding will reflect this conversion.Cash Flow and Capital Deployment
Cash from operations of $346 million in the first three months of 2026 decreased $201 million compared to the prior-year period. First quarter 2025 cash from operations included a one-time $350 million customer prepayment. Capital expenditures of $99 million in the first three months of 2026 decreased by $84 million versus the prior-year period.Balance Sheet and Liquidity
As of March 31, 2026, Albemarle had estimated liquidity of approximately $2.7 billion, including $1.1 billion of cash and cash equivalents, $1.5 billion available under our revolver and $87 million available under other credit lines. Total debt was $1.9 billion, representing a net debt to adjusted EBITDA ratio (as defined in our credit agreement) of approximately 1.0. In March, the company completed debt reduction actions that resulted in paying down $1.3 billion of outstanding debt and lowering the weighted average interest rate.Earnings CallDate:Thurs., May 7, 2026Time:8:00 AM Eastern timeDial-in (U.S.):1-800-590-8290Dial-in (International):1-240-690-8800Conference ID:ALBQ1The company's earnings presentation and supporting material are available on Albemarle's website at https://investors.albemarle.com.About Albemarle
Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "ambition," "anticipate," "believe," "estimate," "expect," "goal," "guidance," "intend," "may," "outlook," "scenario," "should," "would," and "will."  Forward-looking statements may include statements regarding: our 2026 company and segment outlooks, including guidance related to impact on 2026 EBITDA, volumes, and cash flow; plans and expectations regarding customer demand and sales; production impacts; financial flexibility and optionality; expected or actual market pricing of lithium, spodumene, bromine, and lithium specialties ("Company Products"); supply and demand for Company Products; drivers of long-term demand and growth; other underlying assumptions and outlook considerations; expected capital allocation and expenditure amounts and the corresponding impact on cash flow; plans and expectations regarding other mining interests, resources, reserves, projects and activities, compound annual growth rate, cost reductions, conversion network optimization, margin improvement, accounting charges, and all other information relating to matters that are not historical facts. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; changes in trade policies and tariffs; and the financial and operating performance of customers; timing and magnitude of customer orders; fluctuations in market pricing of lithium carbonate equivalent and spodumene; potential production volume shortfalls; increased competition and pressure to renegotiate contract terms; changes in product or conversion demand; availability and cost of raw materials and energy; technological change and development; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest affecting global trade, including tensions in the Middle East; the global economy and clean energy initiatives; changes in inflation or interest rates; volatility and uncertainties  in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; expected benefits and expenses from new operating structure and asset optimization activities; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this presentation. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. Albemarle Corporation and SubsidiariesConsolidated Statements of Income(In Thousands Except Per Share Amounts) (Unaudited)

Three Months Ended
March 31,
2026
2025Net sales$ 1,428,731
$ 1,076,881Cost of goods sold927,765
920,582Gross profit500,966
156,299Selling, general and administrative expenses137,406
123,502Restructuring charges and asset write-offs25,866
(1,063)Research and development expenses9,170
14,099Loss on sale of business95,018
—Operating income233,506
19,761Interest and financing expenses(33,121)
(48,977)Other income, net53,810
10,250Income (loss) before income taxes and equity in net income of unconsolidated investments254,195
(18,966)Income tax expense (benefit)21,511
(3,978)Income (loss) before equity in net income of unconsolidated investments232,684
(14,988)Equity in net income of unconsolidated investments (net of tax)96,293
64,286Net income328,977
49,298Net income attributable to noncontrolling interests(9,886)
(7,950)Net income attributable to Albemarle Corporation319,091
41,348Mandatory convertible preferred stock dividends(41,688)
(41,688)Net income (loss) attributable to Albemarle Corporation common shareholders$   277,403
$       (340)Basic earnings (loss) per share attributable to common shareholders$        2.35
$      (0.00)Diluted earnings (loss) per share attributable to common shareholders$        2.34
$      (0.00)



Weighted-average common shares outstanding – basic117,854
117,603Weighted-average common shares outstanding – diluted118,607
117,603 Albemarle Corporation and SubsidiariesCondensed Consolidated Balance Sheets(In Thousands) (Unaudited)

March 31,
December 31,
2026
2025ASSETS


Current assets:


Cash and cash equivalents$       1,089,809
$       1,618,001Trade accounts receivable522,715
593,502Other accounts receivable136,767
105,110Inventories1,346,960
1,179,271Other current assets162,932
140,440Current assets held for sale—
371,815Total current assets3,259,183
4,008,139Property, plant and equipment11,822,899
11,768,840Less accumulated depreciation and amortization3,297,806
3,156,429Net property, plant and equipment8,525,093
8,612,411Investments1,022,707
900,926Other assets636,574
647,185Goodwill1,488,404
1,499,657Other intangibles, net of amortization207,617
214,233Noncurrent assets held for sale—
491,660Total assets$     15,139,578
$     16,374,211LIABILITIES AND EQUITY


Current liabilities:


Accounts payable to third parties$         677,151
$         779,160Accounts payable to related parties256,630
134,369Accrued expenses452,927
521,831Current portion of long-term debt74,628
74,077Dividends payable61,456
61,387Income taxes payable53,139
35,467Current liabilities held for sale—
191,753Total current liabilities1,575,931
1,798,044Long-term debt1,807,203
3,119,464Postretirement benefits45,075
44,744Pension benefits115,451
117,361Other noncurrent liabilities1,118,508
1,084,892Deferred income taxes369,294
368,275Noncurrent liabilities held for sale—
59,970Commitments and contingencies


Equity:


Albemarle Corporation shareholders' equity:


Common stock1,179
1,178Mandatory convertible preferred stock2,235,105
2,235,105Additional paid-in capital3,029,667
3,018,213Accumulated other comprehensive loss(259,112)
(334,807)Retained earnings4,843,335
4,613,676Total Albemarle Corporation shareholders' equity9,850,174
9,533,365Noncontrolling interests257,942
248,096Total equity10,108,116
9,781,461Total liabilities and equity$     15,139,578
$     16,374,211 Albemarle Corporation and SubsidiariesSelected Consolidated Cash Flow Data(In Thousands) (Unaudited)

Three Months EndedMarch 31,
2026
2025Cash and cash equivalents at beginning of year$  1,618,001
$  1,192,230Cash flows from operating activities:


Net income328,977
49,298Adjustments to reconcile net income to cash flows from operating activities:


Depreciation and amortization157,805
161,754Loss on sale of business95,018
—Gain on sale of equity investment(42,300)
—Stock-based compensation and other7,883
6,966Equity in net income of unconsolidated investments (net of tax)(96,293)
(64,286)Dividends received from unconsolidated investments and nonmarketable securities—
60,335Pension and postretirement expense2,921
1,696Pension and postretirement contributions(3,204)
(5,196)Unrealized loss on investments in marketable securities5,137
5,331Gain on early extinguishment of debt(12,591)
—Deferred income taxes(1,005)
(5,669)Working capital changes(144,430)
(21,992)Noncurrent liability changes and other, net48,326
358,970Net cash provided by operating activities346,244
547,207Cash flows from investing activities:


Capital expenditures(98,676)
(182,624)Proceeds from sale of businesses, net of cash sold525,156
—Proceeds from sale of investments123,270
—(Payments) proceeds from settlement of foreign currency forward contracts, net(10,514)
50,245Sales of marketable securities, net1,785
3,381Investments in equity investments and nonmarketable securities(59)
(60)Net cash provided by (used in) investing activities540,962
(129,058)Cash flows from financing activities:


Repayments of long-term debt and credit agreements(1,296,595)
(9,615)Proceeds from borrowings of long-term debt and credit agreements18,396
—Other debt repayments, net(11,237)
(1,195)Fees related to early extinguishment of debt(1,639)
—Dividends paid to common shareholders(47,667)
(47,607)Dividends paid to mandatory convertible preferred shareholders(41,688)
(41,688)Dividends paid to noncontrolling interests(37,462)
(18,169)Proceeds from exercise of stock options8,917
1,186Withholding taxes paid on stock-based compensation award distributions(3,939)
(2,904)Other(438)
(14)Net cash used in financing activities(1,413,352)
(120,006)Net effect of foreign exchange on cash and cash equivalents(2,046)
28,138(Decrease) increase in cash and cash equivalents(528,192)
326,281Cash and cash equivalents at end of period$  1,089,809
$  1,518,511 Albemarle Corporation and SubsidiariesConsolidated Summary of Segment Results(In Thousands) (Unaudited)

Three Months Ended
March 31,
2026
2025Net sales:


Energy Storage$  891,165
$  524,565Specialties358,413
321,014Total segment net sales1,249,578
845,579Corporate and all other179,153
231,302Total net sales$ 1,428,731
$ 1,076,881



Adjusted EBITDA:


Energy Storage$  551,356
$  186,355Specialties76,129
58,666Total segment adjusted EBITDA627,485
245,021Corporate and all other36,329
22,123Total adjusted EBITDA$  663,814
$  267,144See accompanying non-GAAP reconciliations below.Additional Information Regarding Non-GAAP MeasuresIt should be noted that adjusted net income attributable to Albemarle Corporation, adjusted net income (loss) attributable to Albemarle Corporation common shareholders, adjusted diluted income (loss) per share attributable to common shareholders, non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA (on a consolidated basis), EBITDA margin and adjusted EBITDA margin are financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. These non-GAAP measures should not be considered as alternatives to Net income attributable to Albemarle Corporation ("earnings") or other comparable measures calculated and reported in accordance with GAAP. These measures are presented here to provide additional useful measurements to review the company's operations, provide transparency to investors and enable period-to-period comparability of financial performance. The company's chief operating decision maker uses these measures to assess the ongoing performance of the company and its segments, as well as for business and enterprise planning purposes.A description of other non-GAAP financial measures that Albemarle uses to evaluate its operations and financial performance, and reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found on the following pages of this press release, which is also is available on Albemarle's website at https://investors.albemarle.com. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company's results calculated in accordance with GAAP.ALBEMARLE CORPORATION AND SUBSIDIARIES
Non-GAAP Reconciliations
(Unaudited)See below for a reconciliation of adjusted net income attributable to Albemarle Corporation, adjusted net income (loss) attributable to Albemarle Corporation common shareholders, EBITDA and adjusted EBITDA (on a consolidated basis), which are non-GAAP financial measures, to Net income attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reported in accordance with GAAP. Adjusted net income attributable to Albemarle Corporation is defined as net income attributable to Albemarle Corporation before the non-recurring, other unusual and non-operating pension and other post-employment benefit (OPEB) items as listed below. The non-recurring and unusual items may include acquisition and integration related costs, gains or losses on sales of businesses, restructuring charges, facility divestiture charges, certain litigation and arbitration costs and charges, and other significant non-recurring items. Adjusted net income (loss) attributable to Albemarle Corporation common stockholders is defined as adjusted net income attributable to Albemarle Corporation after mandatory convertible preferred stock dividends. EBITDA is defined as net income attributable to Albemarle Corporation before interest and financing expenses, income tax expense (benefit), and depreciation and amortization. Adjusted EBITDA is defined as EBITDA plus or minus the proportionate share of Windfield Holdings income tax expense, non-recurring, other unusual and non-operating pension and OPEB items as listed below.
Three Months Ended
March 31,
2026
2025In thousands, except percentages and per share amounts$
% of
net
sales
$
% of
net
salesNet income attributable to Albemarle Corporation$ 319,091


$ 41,348

Add back:






Non-operating pension and OPEB items (net of tax)971


125

Non-recurring and other unusual items (net of tax)81,390


(21,200)

Adjusted net income attributable to Albemarle Corporation401,452


20,273

    Mandatory convertible preferred stock dividends(a)—


(41,688)

Adjusted net income (loss) attributable to Albemarle Corporation common shareholders$ 401,452


$ (21,415)









Adjusted diluted income (loss) per share attributable to common shareholders$    2.95


$   (0.18)









Adjusted weighted-average common shares outstanding – diluted(a)136,128


117,603









Net income attributable to Albemarle Corporation$ 319,091
22.3 %
$ 41,348
3.8 %Add back:






Interest and financing expenses33,121
2.3 %
48,977
4.5 %Income tax expense (benefit)21,511
1.5 %
(3,978)
(0.4) %Depreciation and amortization157,805
11.0 %
161,754
15.0 %EBITDA531,528
37.2 %
248,101
23.0 %Proportionate share of Windfield income tax expense41,534
2.9 %
25,326
2.4 %Non-operating pension and OPEB items1,347
0.1 %
275
— %Non-recurring and other unusual items89,405
6.3 %
(6,558)
(0.6) %Adjusted EBITDA$ 663,814
46.5 %
$ 267,144
24.8 %







Net sales$ 1,428,731


$ 1,076,881


(a) Calculation of adjusted diluted income (loss) per share attributable to common shareholders for the three months ended March 31, 2026 excludes $41.7 million of mandatory convertible preferred stock dividends and includes the assumed conversion of preferred stock into the diluted shares outstanding, as this results in the more dilutive per share result.Non-operating pension and OPEB items, consisting of mark-to-market actuarial gains/losses, settlements/curtailments, interest cost and expected return on assets, are not allocated to Albemarle's operating segments and are included in the Corporate and all other category. In addition, the company believes that these components of pension cost are mainly driven by market performance, and the company manages these separately from the operational performance of the company's businesses. In accordance with GAAP, these non-operating pension and OPEB items are included in Other income, net. Non-operating pension and OPEB items were as follows (in thousands):
Three Months Ended
March 31,
2026
2025Interest cost $      9,041
$      8,810Expected return on assets(7,694)
(8,535)Total$      1,347
$        275In addition to the non-operating pension and OPEB items disclosed above, the company has identified certain other items and excluded them from Albemarle's adjusted net income (loss) calculation for the periods presented. A listing of these items, as well as a detailed description of each follows below (per diluted share):
Three Months Ended
March 31,
2026
2025Restructuring charges and asset write-offs(1)$       0.19
$      (0.02)Acquisition and integration related costs(2)0.01
0.01Loss on sale of business/equity investment, net(3)0.39
—Gain on early extinguishment of debt(4)(0.09)
—Loss in fair value of public equity securities(5)0.04
0.03Other(6)0.03
(0.08)Tax related items(7)0.03
(0.12)Total non-recurring and other unusual items$       0.60
$      (0.18)

(1)During the three months ended March 31, 2026, the Company announced it would place Kemerton Train 1 into care and maintenance. The three months ended March 31, 2025 included certain restructuring costs and adjustments to previously recorded costs related to restructuring actions originally entered into in 2024. As a result, the Company recorded charges (gains) of $25.9 million and ($1.1 million) in Restructuring charges and asset write-offs for the three months ended March 31, 2026 and 2025, respectively, and losses of $0.2 million in Other income, net for the three months ended March 31, 2025. Due to the impact of valuation allowances, this resulted in total after-tax losses (gains) of $25.9 million, or $0.19 per share, and ($2.1) million, or ($0.02) per share, for the three months ended March 31, 2026 and 2025, respectively.

(2)Costs related to the acquisition, integration and divestitures for various significant projects, recorded in Selling, general and administrative expenses for the three months ended March 31, 2026 and 2025 were $1.1 million and $1.4 million ($1.1 million and $1.1 million after income taxes due to the impact of valuation allowances, or $0.01 and $0.01 per share), respectively.

(3)During the first quarter of 2026, the Company divested its controlling ownership interest in its Refining Solutions business and its full 50% ownership interest in the Eurecat joint venture. As a result of these transactions, the Company recorded a net loss of $52.7 million ($0.39 per share, with no income tax effect due to the impact of valuation allowances), representing the proceeds received less the carrying value as of the transaction dates.

(4)During the first quarter of 2026, the Company completed a $1.3 billion debt tender and redemption, resulting in a gain on early extinguishment of debt of $12.6 million ($0.09 per share, with no income tax effect due to the impact of valuation allowances), representing the repurchase of this debt at a discount, partially offset by tender premiums and redemption fees.

(5)Losses resulting from the net change in fair value of investments in public equity securities, recorded in Other income, net for the three months ended March 31, 2026 and 2025 of $5.5 million and $5.0 million ($5.5 million and $3.9 million after income taxes, or $0.04 and $0.03 per share), respectively.

(6)Other adjustments for the three months ended March 31, 2026 included amounts recorded in:
Selling, general and administrative expenses - primarily related to a $3.9 million charge for a non-income tax audit of a facility no longer controlled by the Company
After income taxes, these net losses totaled $4.2 million, or $0.03 per share.


Other adjustments for the three months ended March 31, 2025 included amounts recorded in:
Selling, general and administrative expenses - $3.2 million of gains from the sale of assets at a site not part of our operations, partially offset by $0.6 million of expenses related to certain historical legal matters.
Other income, net - $9.8 million of income from PIK dividends of preferred equity in a Grace subsidiary and a $1.9 million gain primarily resulting from the adjustment of indemnification related to previously disposed businesses, partially offset by $1.9 million of charges for asset retirement obligations at a site not part of our operations.
After income taxes, these net gains totaled $9.8 million, or $0.08 per share.

(7)Included in Income tax expense (benefit) for the three months ended March 31, 2026 are discrete net tax expenses of $4.6 million, or $0.03 per share, primarily related to the impact of foreign tax reserves.


Included in Income tax expense (benefit) for the three months ended March 31, 2025 are discrete net tax benefits of $14.2 million, or $0.12 per share, primarily related to the reduction in a foreign tax reserve and excess tax benefits realized from stock-based compensation arrangements.See below for a reconciliation of the adjusted effective income tax rate, the non-GAAP financial measure, to the effective income tax rate, the most directly comparable financial measure calculated and reporting in accordance with GAAP (in thousands, except percentages).
Income (loss) before
income taxes and
equity in net income
of unconsolidated
investments
Income tax expense
(benefit)
Effective income tax
rateThree months ended March 31, 2026




As reported$             254,195
$              21,511
8.5 %Non-recurring, other unusual and non-operating pension and OPEB items78,162
(4,199)

As adjusted$             332,357
$              17,312
5.2 %





Three months ended March 31, 2025




As reported$             (18,966)
$              (3,978)
21.0 %Non-recurring, other unusual and non-operating pension and OPEB items(6,283)
14,792

As adjusted$             (25,249)
$              10,814
(42.8) %See below for the reconciliation of free cash flow, a non-GAAP measure, to net cash provided by operating activities, the most directly comparable financial measure calculated and reporting in accordance with GAAP (in thousands, except percentages).
Three Months Ended
March 31, 2026Free cash flow:
Net cash provided by operating activities$                        346,244Less: Capital expenditures(98,676)Free cash flow$                        247,568 Albemarle Investor Relations Contact: +1 (980) 308-6194, invest@albemarle.com View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-reports-first-quarter-2026-results-302764556.htmlSOURCE Albemarle Corporation Original: Albemarle Reports First Quarter 2026 Results

Albemarle Announces Quarterly Common Stock DividendMay 5, 2026 4:15 PM
PR Newswire (US) CHARLOTTE, N.C., May 5, 2026 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) today announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable July 1, 2026, to shareholders of record at the close of business as of June 12, 2026. About Albemarle
Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, including, without limitation, statements related to future dividends and results, which may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the statements expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; potential expected market pricing of bromine, lithium and spodumene and other underlying assumptions and our 2026 outlook considerations; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the U.S. Securities and Exchange Commission, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-announces-quarterly-common-stock-dividend-302762966.htmlSOURCE Albemarle Corporation Original: Albemarle Announces Quarterly Common Stock Dividend

Albemarle Corporation to Release First Quarter 2026 Earnings Results on Wednesday, May 6, 2026April 6, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., April 6, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its first quarter 2026 earnings after the NYSE closes on Wednesday, May 6, 2026.







The company will hold a conference call to discuss its first quarter 2026 results on Thursday, May 7, at 8 a.m. EDT. Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com. Direct dial numbers are provided below:Participant Dial-in Numbers:
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ1Webcast Details:
Event Title: Albemarle Q1 2026 Earnings Call
Event Date: May 7, 2026
Start Time: 8 a.m. EDTAttendee URL:
https://albemarle-q1-2026-earnings-call.open-exchange.net/Replay Information:
A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website, http://investors.albemarle.com.About Albemarle
Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Corporation to Release First Quarter 2026 Earnings Results on Wednesday, May 6, 2026

Albemarle Corporation Announces Pricing for Cash Debt Tender OffersMarch 16, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., March 16, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the "Company"), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the pricing terms for its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") to purchase up to $650 million aggregate principal amount of the Notes, not including accrued and unpaid interest (an amount increased from a previously announced purchase price of $500 million), of the Company's validly tendered (and not validly withdrawn) notes set forth below (the "Notes") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance priority levels noted in the table below (the "Acceptance Priority Levels"). The Offers are being made pursuant to an Offer to Purchase, dated March 2, 2026, as amended and supplemented by the Company's press release on March 16, 2026 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers.







As of 10:00 a.m. New York City time, on March 16, 2026 (the "Price Determination Time"), the Company expects to accept for purchase pursuant to the Offers the full amount ($254,320,000 aggregate principal amount) of the 5.650% Senior Notes due 2052 (which have an Acceptance Priority Level of 1), the full amount ($149,034,000 aggregate principal amount) of the 5.450% Senior Notes due 2044 (which have an Acceptance Priority Level of 2), the full amount ($62,372,000 aggregate principal amount) of the 3.450% Senior Notes due 2029 (which have an Acceptance Priority Level of 3) and $184,274,000 of the $266,227,000 aggregate principal amount of the 5.050% Senior Notes due 2032 (which have an Acceptance Priority Level of 4) validly tendered and not validly withdrawn at or prior to the Early Tender Time (as defined below) on a prorated basis as described in the Offer to Purchase.The "Total Consideration" to be paid for the Notes validly tendered (and not validly withdrawn) at or prior to 5:00 p.m., New York City time, on March 13, 2026 (the "Early Tender Time") and accepted for purchase pursuant to the Offers, includes an early tender premium of $50 per $1,000 principal amount of Notes so tendered and accepted for purchase (the "Early Tender Premium"), which will not constitute an additional or increased payment. In addition to the applicable Total Consideration, holders who validly tender and do not validly withdraw their Notes, and whose Notes are accepted for purchase in the Offers will also be paid any applicable accrued and unpaid interest up to, but excluding, March 18, 2026 (the "Early Settlement Date"). The Total Consideration has been determined in the manner described in the Offer to Purchase by reference to a fixed spread for each of the Notes over the applicable yield to maturity of the applicable U.S. Treasury Security (the "Reference Treasury Security"), determined at the Price Determination Time as specified in the table below and on the cover page of the Offer to Purchase in the column entitled "Reference U.S. Treasury Security."The table below includes only the Notes validly tendered (and not validly withdrawn) at or prior to the Early Tender Time that the Company expects to accept for purchase pursuant to the Offers.Acceptance
Priority
Level(1)
Title of Security
CUSIP
Number
Outstanding
Principal
Amount
Reference U.S.
Treasury
Security(2)
Bloomberg
Reference
Page
Reference
Yield
Fixed
Spread
(bps)
Total
Consideration(3)1
5.650%
Senior
Notes due
2052
012653AF8
$450,000,000
4.625% UST
due
11/15/2055
FIT 1
4.861 %
+140
$921.712
5.450%
Senior
Notes due
2044
012725AD9
$350,000,000
4.625% UST
due 2/15/2046
FIT 1
4.836 %
+115
$940.073
3.450%
Senior
Notes due
2029*
01273PAB8
01273PAA0
Q0171YAA8
$171,612,000
3.500% UST
due 2/15/2029
FIT 1
3.684 %
+70
$968.704
5.050%
Senior
Notes due
2032
012653AE1
$600,000,000
3.500% UST
due 2/28/2031
FIT 1
3.802 %
+90
$1,017.87____________________(1)The Company is offering to accept $650 million aggregate principal amount of validly tendered (and not validly withdrawn) Notes in the Offer using a "waterfall" methodology under which the Company will accept the Notes in order of their respective Acceptance Priority Levels noted in the table above.

(2)The Total Consideration for Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Time and accepted for purchase is calculated using the applicable fixed spread as described in the Offer to Purchase. The Early Tender Premium of $50 per $1,000 principal amount is included in the Total Consideration for each series of Notes set forth above and does not constitute an additional or increased payment. Holders of Notes will also receive accrued and unpaid interest on Notes accepted for purchase up to, but excluding, the Early Settlement Date.

(3)Per $1,000 principal amount of Notes. Includes the Early Tender Premium of $50 per $1,000 principal amount of Notes.
* Denotes a series of Notes issued by Albemarle Wodgina Pty Ltd, an Australian company and a wholly-owned subsidiary of the Company, fully and unconditionally guaranteed on a senior unsecured basis by the Company.All conditions of the Offers were deemed satisfied by the Company, or timely waived by the Company. Accordingly, the Company expects to accept for purchase, and pay for, $650 million aggregate principal amount of Notes validly tendered (and not validly withdrawn) on the Early Settlement Date.Although the Offers are scheduled to expire at 5:00 p.m., New York City time, on March 30, 2026, unless extended or terminated, because the Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Time exceeded $650 million aggregate principal amount, there will be no Final Settlement Date (as defined in the Offer to Purchase), and no Notes tendered after the Early Tender Time will be accepted for purchase. Notes tendered and not purchased on March 18, 2026 (the "Early Settlement Date") will be returned to holders promptly after the Early Settlement Date.This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase.J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are serving as Dealer Managers for the Offers (each, a "Dealer Manager" and together, the "Dealer Managers"). Questions regarding the Offers may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), Mizuho Securities USA LLC at (866) 271-7403 (toll-free) or (212) 205-7741 (collect), Truist Securities, Inc. at (833) 594-7730 (toll-free) or U.S. Bancorp Investments, Inc. at (800) 479-3441 (toll-free) or (917) 558-2756 (collect). Requests for the Offer to Purchase or the documents incorporated by reference therein may be directed to Global Bondholder Services Corporation, which is acting as the Tender Agent and Information Agent for the Offers at the following telephone numbers: banks and brokers at (212) 430-3774; all others toll-free at (855) 654-2015.About Albemarle
Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains certain information that are not statements of historical fact or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "may," "should," "would," "will," "outlook," and "scenario." These and other forward-looking statements are based on management's current estimates, assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov.Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Corporation Announces Pricing for Cash Debt Tender Offers

Albemarle Corporation Announces Early Tender Results and Upsizing of Offer Cap of Previously Announced Cash Debt Tender OffersMarch 16, 2026 6:50 AM
PR Newswire (US)

CHARLOTTE, N.C., March 16, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB) (the "Company"), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the early results of its previously announced cash tender offers (each, an "Offer" and collectively, the "Offers") for its validly tendered (and not validly withdrawn) notes set forth below (collectively, the "Notes"). The Offers are being made pursuant to an Offer to Purchase, dated March 2, 2026 (as amended and supplemented hereby, the "Offer to Purchase"), which sets forth a description of the terms of the Offers.







In making the announcement, the Company has exercised its previously disclosed right to amend the Offers to increase the Offer Cap (as defined below) from $500 million aggregate purchase price to an amount sufficient to accept for purchase, not including accrued and unpaid interest, up to $650 million aggregate principal amount of the Notes. Except as specifically amended hereby, all other terms of the Offers as previously set forth in the Offer to Purchase remain unchanged. See the Offer to Purchase for the complete terms and conditions of the Offers.The following table summarizes certain information regarding the Notes that were validly tendered and not validly withdrawn in the Offers as of 5:00 p.m., New York City time, on March 13, 2026 (the "Early Tender Time"). Withdrawal rights for the Offers expired at 5:00 p.m., New York City time, on March 13, 2026 (the "Withdrawal Deadline") and, accordingly, any Notes that were validly tendered in the Offers may no longer be withdrawn, except where additional withdrawal rights are required by law.Acceptance
Priority
Level(1)Title of SecurityCUSIP
NumberOutstanding
Principal
AmountAggregate
Principal
Amount
Tendered15.650% Senior Notes due 2052012653AF8$450,000,000$254,320,00025.450% Senior Notes due 2044012725AD9$350,000,000$149,034,00033.450% Senior Notes due 2029*01273PAB8
01273PAA0
Q0171YAA8$171,612,000$62,372,00045.050% Senior Notes due 2032012653AE1$600,000,000$266,227,000(1) The Company is offering to accept the maximum principal amount of validly tendered (and not validly withdrawn) Notes in the Offers for which the aggregate purchase price, not including accrued and unpaid interest, is in an amount sufficient to accept for purchase up to $650 million aggregate principal amount of the Notes (as increased from a previously announced amount of $500 million, the "Offer Cap") using a "waterfall" methodology under which the Company will accept the Notes in order of their respective acceptance priority levels noted in the table above (the "Acceptance Priority Levels").* Denotes a series of Notes issued by Albemarle Wodgina Pty Ltd, an Australian company and a wholly-owned subsidiary of the Company, fully and unconditionally guaranteed on a senior unsecured basis by the Company.The consideration to be paid for the Notes validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the Offers will be determined at 10:00 a.m., New York City time, on March 16, 2026 (the "Price Determination Time") in the manner described in the Offer to Purchase by reference to a fixed spread for each of the Notes over the applicable yield to maturity of the applicable U.S. Treasury Security (the "Reference Treasury Security") specified in the table above and on the cover page of the Offer to Purchase in the column entitled "Reference U.S. Treasury Security." Each holder who validly tendered and did not validly withdraw its Notes at or prior to the Early Tender Time and whose Notes are accepted for purchase will be entitled to receive the applicable "Total Consideration," which includes an early tender premium of $50 per $1,000 principal amount of Notes so tendered and accepted for purchase (the "Early Tender Premium"). The Early Tender Premium will be included in the Total Consideration for each series of Notes, and will not constitute an additional or increased payment. In addition, in each case, holders whose Notes are accepted for purchase will receive accrued and unpaid interest on their Notes up to, but excluding, March 18, 2026 (the "Early Settlement Date"), payable on the Early Settlement Date. None of the Offers is conditioned on any of the other Offers or upon any minimum principal amount of Notes of any series being tendered.The Company expects to issue a press release on March 16, 2026, announcing the Total Consideration payable in connection with the Offers.The Company expressly reserves the right, in its sole discretion, subject to applicable law, to: (i) terminate any or all of the Offers and not accept for purchase any of the Notes not theretofore accepted for purchase in the terminated Offer or Offers; (ii) waive any and all of the conditions to the Offers on or prior to the time the Notes are accepted for purchase in any or all of the Offers; (iii) accept for purchase and pay for all Notes validly tendered at or before the Early Tender Time and not validly withdrawn at or before the Withdrawal Deadline in any or all of the Offers; (iv) to keep any or all of the Offers open or extend the Early Tender Time, Withdrawal Deadline or time in which the Offers are scheduled to expire to a later date and time; (v) increase or decrease the Offer Cap or change the Acceptance Priority Levels; or (vi) otherwise amend the terms and conditions of the Offers.This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase.J.P. Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are serving as Dealer Managers for the Offers (each, a "Dealer Manager" and together, the "Dealer Managers"). Questions regarding the Offers may be directed to J.P. Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), Mizuho Securities USA LLC at (866) 271-7403 (toll-free) or (212) 205-7741 (collect), Truist Securities, Inc. at (833) 594-7730 (toll-free) or U.S. Bancorp Investments, Inc. at (800) 479-3441 (toll-free) or (917) 558-2756 (collect). Requests for the Offer to Purchase or the documents incorporated by reference therein may be directed to Global Bondholder Services Corporation, which is acting as the Tender Agent and Information Agent for the Offers at the following telephone numbers: banks and brokers at (212) 430-3774; all others toll-free at (855) 654-2015.About Albemarle
Albemarle Corporation (NYSE: ALB) is a world leader in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains certain information that are not statements of historical fact or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "may," "should," "would," "will," "outlook," and "scenario." These and other forward-looking statements are based on management's current estimates, assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov.Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com 



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Original: Albemarle Corporation Announces Early Tender Results and Upsizing of Offer Cap of Previously Announced Cash Debt Tender Offers

America Is Closing the Gap in the Rare Earth Supply Chain Race - OilPrice.com Market CommentaryMarch 13, 2026 10:50 AM
PR Newswire (US)

NEW YORK, March 13, 2026 /PRNewswire/ -- Access to rare earths has become a central challenge for advanced defense systems, high-performance manufacturing, and next-generation energy technologies. REalloys (ALOY) is already operating in the most strategic segment of that chain, converting heavy rare earth materials into high-performance magnets and alloys inside the United States.  REalloys Inc. (ALOY), Albemarle Corporation (NYSE: ALB), Rio Tinto Group (NYSE: RIO), NioCorp Developments (NASDAQ: NB), FMC Corporation (NYSE: FMC), IperionX (NASDAQ: IPX).For Washington, the challenge is not geology — it's processing. Many Western companies are still in early exploration or planning stages. REalloys, by contrast, runs a functioning facility in Euclid, Ohio, where heavy rare earth feedstock is refined and transformed into specialized alloys required for defense and advanced industrial use. By keeping processing onshore, the company addresses the offshore refining bottleneck that has long left U.S. supply chains exposed to foreign supply disruptions.REalloys bridges the gap between separated oxides and the metal inputs required to produce high-performance magnets used across aerospace, defense, energy, and industrial applications, already supplying qualified materials under U.S. Department of Defense contracts as domestic sourcing rules tighten.Rare earth magnets sit at the end of this chain — the high-performance components that enable advanced aircraft systems, EV drivetrains, satellites, and critical industrial infrastructure. Many of the technologies built by major U.S. manufacturers depend on high-performance rare earth magnets that allow motors, cooling systems, and precision components to operate efficiently under demanding conditions.REalloys occupies the pivotal step just before that final assembly, converting separated oxides into the specialized metals and alloys magnet manufacturers depend on. As U.S. sourcing rules tighten, the company is already delivering qualified materials under Department of Defense contracts, positioning it as an operational link in America's domestic rare earth supply chain.What the DoD Needs, And Why It's UrgentThe U.S. military is actively partnering with REalloys for rare earth metals and alloys that feed into current operational programs. The company manufactures defense-specification metal and alloy domestically, built to the exact chemistry already embedded in active program supply chains. When procurement rules shift in 2027 and Chinese-origin material is disqualified, REalloys' output stays compliant with zero reformulation required. No other supplier in North America is currently producing the same grade of qualified heavy rare earth metals and alloys.Heavy rare earths are what enable advanced aerospace and industrial platforms to perform reliably under demanding conditions. Dysprosium and terbium are blended into magnet alloys specifically to maintain magnetic performance as temperatures climb and vibration intensifies — making them essential, not optional, inputs for high-performance applications.REalloys' Position in the Rare Earth Supply ChainCut through the noise, and the domestic rare earth picture narrows quickly. The vast majority of U.S.-based players remain stuck in the early stages — mining, oxide separation, pilot programs, and slide decks. REalloys sits at the opposite end of the value chain, occupying the downstream processing stage where supply chains are either real or they aren't.The company holds a signed commercial processing and long-term offtake deal with the Saskatchewan Research Council (SRC), anchored to the SRC Rare Earth Processing Facility in Saskatoon. That agreement gives REalloys (ALOY) access to 80% of the facility's upgraded annual output under a cost-plus pricing structure. Heavy rare earth production from the expanded facility is on track to come online in early 2027 — a milestone that would make REalloys the sole commercial-scale North American source of dysprosium and terbium oxides.To support that expansion, the company is investing roughly US$21 million to boost heavy rare earth processing throughput by approximately 300%, while also lifting light rare earth (NdPr) capacity by 50%. Target output includes up to 30 tonnes of dysprosium oxide, 15 tonnes of terbium oxide, and 400 tonnes per year of high-purity NdPr metal — with NdPr scaling to 600 tonnes annually once the expansion wraps up. Initial production is expected early next year.Building a Diversified Feedstock PipelineLetters of intent are already in place covering feedstock supply from Kazakhstan, Brazil, and Greenland.In Kazakhstan, REalloys has locked in a non-binding long-term offtake deal with AltynGroup covering rare earth feedstock that includes both light and heavy elements — dysprosium and terbium among them. Critically, that material flows straight into the company's U.S.-based metals and alloy production rather than being shipped offshore for processing.On the Brazilian side, a signed offtake memorandum with St George Mining provides potential access to as much as 40% of rare earth output from the Araxá project, pending finalization of definitive terms.And in Greenland, a 10-year offtake arrangement — currently at the LOI stage — would deliver up to 15% of annual rare earth concentrate production from the Tanbreez project.All of these supply streams ultimately point toward one customer: the U.S. Department of Defense.The Euclid, Ohio Processing HubREalloys' facility in Euclid, Ohio is built to take separated rare earth oxides and reduce them into metal under controlled atmospheric conditions, then alloy the resulting material into compositions suitable for magnet production. The same metallurgical workflow handles both light and heavy rare earths, including dysprosium and terbium. What comes out the other end is pre-alloyed metal — chemistry locked in early in the process and maintained within the narrow tolerances that qualified magnet producers require. Functionally, Euclid occupies the critical space between oxide separation and finished magnet assembly, the exact point where rare earth materials transition from intermediates into production-ready inputs.The finished product moves through standard commercial channels and feeds directly into magnets and components destined for DoD programs.Rebuilding a Lost Capability Under PressureFor the first time in a generation, the United States is attempting to reconstruct its rare earth processing infrastructure — a critical undertaking as tightening export policies from China create new pressure on domestic supply chains across both industrial and defense sectors.The core problem is deceptively simple: outside of China, virtually no one can convert rare earth oxides into finished metal at industrial scale. That conversion step is precisely where Western supply chains went dark decades ago.That bottleneck extends beyond defense programs. It also affects supply chains supporting a broad range of technology and industrial sectors that rely on high-performance rare earth magnets for electric vehicles, energy systems, and advanced computing infrastructure.The Center for Strategic and International Studies (CSIS) has flagged rare earth metallization and alloying as the weakest and hardest-to-restore link in any non-Chinese supply chain. In CSIS's assessment, metal and alloy production represents an experience-based bottleneck — a capability that resists shortcuts, even when capital is abundant. Metallization expertise is accumulated through sustained operational history, not assembled on a timeline. Reaching consistent, magnet-grade quality can take years, sometimes decades. You can fast-track a mine. You cannot fast-track metallization.This is exactly where REalloys (ALOY) operates. While the rest of the Western rare earth sector largely tops out at oxide production or pilot-stage separation, the Euclid facility is running the conversion process that CSIS singles out as the most difficult to replicate. Oxides go in, metal comes out, alloys are formulated, and chemistry stays within specs that downstream buyers have already qualified. This isn't a future capability — it's an active one, running inside a U.S. facility and feeding usable material into defense and magnet supply chains today.Other companies to watch as the rare earth race heats up:Albemarle Corporation (ALB) remains the largest publicly traded lithium producer globally, with a geographically diversified asset base spanning Australian hard-rock spodumene operations, Chilean brine production in the Salar de Atacama, and the Silver Peak facility in Nevada ,  currently the only active U.S. lithium brine operation.Following the lithium price correction that extended through 2024–2025, Albemarle has shifted decisively toward capital discipline. The company has slowed portions of its expansion pipeline, reduced operating costs, and prioritized high-margin conversion capacity rather than pure volume growth.Rio Tinto Group (RIO) is broadening its portfolio beyond its historic reliance on iron ore by expanding into lithium and copper. The acquisition of Arcadium Lithium materially increased Rio's exposure to battery raw materials and diversified risk away from the politically complex Jadar project in Serbia.At the same time, the underground ramp-up at Oyu Tolgoi in Mongolia is progressing toward steady-state production, with the asset expected to become one of the largest new sources of copper globally. In North America, Rio continues development work on Resolution Copper alongside BHP, though permitting timelines remain a key variable.NioCorp Developments (NB) is the primary developer of the Elk Creek Project in southeast Nebraska, which is poised to become the most significant domestic source of Niobium, Scandium, and Titanium in North America. Following the launch of the White House and EXIM Bank's "Project Vault" initiative in February 2026, a strategic effort to build a U.S. Strategic Critical Minerals Reserve, NioCorp has moved into the national spotlight as a foundational security asset.Operationally, the company has transitioned from exploration to active development, with its Board of Directors approving the official start of the Mine Portal Project in early 2026. This $44.6 million initiative marks the beginning of physical construction at the site, supported by recent drill results that confirmed high-grade mineralization.FMC Corporation (FMC) has undergone a profound structural shift, evolving from a diversified industrial conglomerate with deep roots in defense and lithium into a focused agricultural sciences powerhouse. Historically, FMC was a major defense contractor, famously developing the M113 Armored Personnel Carrier and the Bradley Fighting Vehicle; however, the company divested its defense systems and gold mining interests in the late 1990s to prioritize its high-margin chemical and crop protection segments.In more recent years, FMC's "energy transition" narrative centered on its lithium business, which was vital for the high-performance batteries used in modern military hardware and electric vehicles. This exposure ended in 2018 with the full spin-off of Livent (now part of RIO), effectively removing FMC's direct ties to the critical mineral supply chain.IperionX (IPX) is disrupting the global titanium industry by re-shoring production to the United States using its patented HAMR™ and HSPT technologies. Unlike the traditional, high-cost "Kroll process" utilized in China and Russia, IperionX's method allows for the production of low-carbon, high-performance titanium components using 100% recycled titanium scrap as feedstock. By early 2026, the company has scaled its Titanium Manufacturing Campus in Virginia to a production capacity of 1,400 metric tonnes per year, achieving a significant "EBITDA inflection point" as it begins fulfilling commercial orders for aerospace and defense giants.The company has solidified its status as a critical defense partner, recently securing a prototype purchase order from American Rheinmetall to produce lightweight titanium components for U.S. Army heavy ground combat systems.By. Josh OwensOilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market's biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for freeImportant Disclosure: The owner of Oilprice.com owns shares and/or stock options of the company and therefore has an incentive to see the company's stock perform well. We encourage you to conduct your own due diligence and seek the advice of your financial advisor or broker before investing.FORWARD LOOKING STATEMENTS
This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies' actual results of operations. Factors that could cause actual results to differ include, but are not limited to, changing governmental laws and policies concerning, among other things, recreational and medical cannabis sales, success of the company's proprietary technology, the size and growth of the market for the company's products and services, the company's ability to fund its capital requirements in the near term and long term, pricing pressures, etc.IMPORTANT NOTICE AND DISCLAIMER
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Original: America Is Closing the Gap in the Rare Earth Supply Chain Race - OilPrice.com Market Commentary

Albemarle Completes Sale of Controlling Stake in Ketjen to KPS Capital PartnersMarch 2, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity, and health, today announced it has completed the sale of a controlling stake in Ketjen Corporation's refining catalyst solutions business (Ketjen) to affiliates of KPS Capital Partners, LP (KPS).







Albemarle retains a minority stake in Ketjen, with KPS having a majority of the Board of Directors and operational control. Albemarle retains 100% ownership of Ketjen's Performance Catalyst Solutions business, which has been integrated into Albemarle's product portfolio.Combined with the sale of its 50% interest in the Eurecat joint venture to Axens SA, which was completed in January 2026, Albemarle has received a combined $670 million in pre-tax proceeds between the two transactions. Albemarle expects to use the proceeds for debt reduction and other general corporate purposes."Our continued investment in Ketjen alongside KPS demonstrates our confidence in the company's growth and value-creation potential," said Kent Masters, Chairman and CEO of Albemarle. "We are committed to supporting Ketjen's next chapter while strengthening Albemarle's portfolio focus and financial flexibility."Goldman Sachs & Co. LLC acted as exclusive financial advisor, and K&L Gates LLP served as legal advisor to Albemarle for the transaction.About Albemarle 
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves. About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $19.5 billion of assets under management (as of September 30, 2025). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better, and generates investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds' portfolio companies currently generate aggregate annual revenues of approximately $21.2 billion, operate 202 manufacturing facilities in 21 countries, and have approximately 55,000 employees, directly and through joint ventures worldwide (as of September 30, 2025). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "ambition" "anticipate," "believe," "estimate," "expect," "goals" "guidance," "intend," "may," "outlook," "scenario," "should," "would," and "will" and similar references to future periods. Forward-looking statements may include statements regarding: plans and expectations regarding use of transaction proceeds, financial flexibility and optionality, future investments and support, value-creation potential, portfolio focus, other underlying assumptions and outlook considerations, and all other information relating to matters that are not historical facts. These and other forward-looking statements are based on management's current estimates, assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: breaches of contract; changes in economic and business conditions; changes in trade policies and tariffs; technological change and development; completion of the audit of our annual financial statements; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; geopolitical conflicts and political unrest; trade policies and tariffs; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Completes Sale of Controlling Stake in Ketjen to KPS Capital Partners

Albemarle Appoints Michelle T. Collins and Mark R. Widmar to Board of DirectorsMarch 2, 2026 4:40 PM
PR Newswire (US)

CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that its Board of Directors (the "Board") has appointed Michelle T. Collins and Mark R. Widmar to the Board, effective February 26, 2026. Collins will join the Board's Audit & Finance Committee and Governance & Public Policy Committee. Widmar will join the Executive Compensation & Talent Development Committee and Safety, Sustainability, Operations & Capital Committee.







Collins brings more than 40 years of audit and advisory related experience to the Board. She is a former Vice Chair, Senior Audit Partner, and National Automotive Sector Leader for Deloitte & Touche LLP, working with Deloitte's largest global clients from 1996 until her recent retirement. Ms. Collins also served on the Deloitte & Touche U.S. Board of Directors for six years where she served as Vice Chair, Chair of the Finance and Audit Committee and Chair of the Governance Committee."Michelle will bring a wealth of leadership experience to the Board, honed over decades of service in audit and advisory roles," said Albemarle Chairman and CEO Kent Masters. "Her expertise in financial reporting, technology, business transformation, governance, and risk management will be a valuable asset to our Board and our shareholders."Widmar brings extensive executive leadership experience to the Board of Directors. Since 2016, he has served as Chief Executive Officer of First Solar, following earlier roles as the company's Chief Financial Officer and Chief Accounting Officer. Before joining First Solar, he was Chief Financial Officer at GrafTech International Ltd. from 2006 to 2011 and previously served in financial leadership roles at NCR Inc., Dell Inc., and various other global, public organizations. Widmar began his career in 1987 as an accountant with Ernst & Young."Through his experience as both a CEO and CFO, Mark will bring significant public company management and board experience, along with deep knowledge in global supply chains, operations, emerging markets, and government affairs," Masters said. "His background and capabilities will benefit our Board and support Albemarle's long-term strategy." The appointments of Ms. Collins and Mr. Widmar are part of the Board's regular succession planning, and reflect its continued commitment to effective oversight, strong corporate governance, and long-term value creation.About Albemarle 
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "expect," "may," "should," "would," and "will" and similar references to future periods. Forward-looking statements may include statements regarding: expectations relating to Company strategy, operations, or performance; plans and expectations related to board composition and contributions; other underlying assumptions and outlook considerations, and all other information relating to matters that are not historical facts. These and other forward-looking statements are based on management's current assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: breaches of contract; changes in economic and business conditions; changes in availability to serve on the board of directors; trade policies and tariffs; technological change and development; changes in laws and government regulation; regulatory actions, proceedings, cyber-security breaches, and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Appoints Michelle T. Collins and Mark R. Widmar to Board of Directors

Albemarle Corporation Announces Cash Tender Offers for Debt Securities and Redemption of 4.650% Senior Notes due 2027March 2, 2026 4:25 PM
PR Newswire (US)

CHARLOTTE, N.C., March 2, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced the commencement of cash tender offers for certain series of its debt securities and the full redemption of its 4.650% Senior Notes due 2027.







Cash Tender OffersThe Company has commenced cash tender offers (collectively, the "Offers") for the maximum principal amount of validly tendered (and not validly withdrawn) (i) 5.650% Senior Notes due 2052 (the "2052 Notes"), (ii) 5.450% Senior Notes due 2044 (the "2044 Notes"), (iii) 3.450% Senior Notes due 2029 (the "2029 Notes"), and (iv) 5.050% Senior Notes due 2032 (the "2032 Notes" and, together with the 2052 Notes, 2044 Notes and 2029 Notes, the "Notes") set forth below, such that the aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes will not exceed $500 million.The Offers are being made pursuant to an Offer to Purchase, dated March 2, 2026 (the "Offer to Purchase"), which sets forth a description of the terms of the Offers.A summary of the Offers to purchase the Notes is outlined below:Acceptance
Priority
Level(1)Title of SecurityCUSIP
NumberOutstanding
Principal
AmountReference U.S.
Treasury
Security(2)Bloomberg
Reference
PageFixed
Spread
(bps)Early
Tender
Premium(3)15.650% Senior Notes due 2052012653AF8$450,000,0004.625% UST
due 11/15/2055FIT 1+140$5025.450% Senior Notes due 2044012725AD9$350,000,0004.625% UST
due 2/15/2046FIT 1+115$5033.450% Senior Notes due 2029*
01273PAB8
01273PAA0
Q0171YAA8
$171,612,0003.500% UST
due 2/15/2029FIT 1+70$5045.050% Senior Notes due 2032012653AE1$600,000,0003.500% UST
due 2/28/2031FIT 1+90$50________________________(1)The Company is offering to accept the maximum principal amount of validly tendered (and not validly withdrawn) Notes in the Offers for which the aggregate purchase price, not including accrued and unpaid interest, does not exceed $500 million using a "waterfall" methodology under which the Company will accept the Notes in order of their respective Acceptance Priority Levels (as defined below).(2)The Total Consideration (as defined below) for Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable fixed spread as described in the Offer to Purchase. The Early Tender Premium of $50 per $1,000 principal amount (the "Early Tender Premium") is included in the Total Consideration for each series of Notes set forth above and does not constitute an additional or increased payment. Holders of Notes will also receive accrued and unpaid interest on Notes accepted for purchase to, but excluding, the Early Settlement Date or the Final Settlement Date (each as defined below), as applicable.(3)Per $1,000 principal amount.*Denotes a series of Notes issued by Albemarle Wodgina Pty Ltd, an Australian company and a wholly-owned subsidiary of the Company, fully and unconditionally guaranteed on a senior unsecured basis by the Company.Each Offer is scheduled to expire at 5:00 p.m., New York City time, on March 30, 2026, unless extended or earlier terminated by the Company (such date and time, as the same may be extended or earlier terminated with respect to each Offer, the "Expiration Time"). To receive the Total Consideration, holders of the Notes must validly tender and not validly withdraw Notes at or prior to 5:00 p.m., New York City time, on March 13, 2026, unless such deadline is extended with respect to the applicable Offer (such date and time, as the same may be extended with respect to each Offer, the "Early Tender Time"), to be eligible to receive the Total Consideration. Tenders of Notes may not be validly withdrawn after 5:00 p.m., New York City time, on March 13, 2026 (the "Withdrawal Deadline"), unless extended by the Company with respect to the applicable Offer. After such time, Notes validly tendered may not be validly withdrawn unless such deadline is extended with respect to the applicable Offer, except in certain limited circumstances where additional withdrawal rights are required by law. Payments for Notes validly tendered (and not validly withdrawn) and accepted for purchase at or prior to the Early Tender Time are expected to settle on March 18, 2026 (the "Early Settlement Date").The consideration paid in each of the Offers will be determined in the manner described in the Offer to Purchase by reference to a fixed spread over the yield to maturity of the applicable U.S. Treasury Security (the "Reference Treasury Security") specified in the table above and on the cover page of the Offer to Purchase in the column entitled "Reference U.S. Treasury Security." Holders who validly tender and do not validly withdraw Notes at or prior to the Early Tender Time that are accepted for purchase will be eligible to receive the "Total Consideration," which includes an Early Tender Premium of $50 per $1,000 principal amount of Notes accepted for purchase. The Early Tender Premium is included in the Total Consideration for each series of Notes and does not constitute an additional or increased payment. Holders who validly tender Notes after the Early Tender Time but at or prior to the Expiration Time and whose Notes are accepted for purchase will be entitled to receive the Total Consideration minus the Early Tender Premium. In addition, in each case, holders whose Notes are accepted for purchase will receive accrued and unpaid interest on their Notes up to, but excluding, the applicable settlement date, payable on the settlement date.The Company will accept for purchase for cash the maximum principal amount of validly tendered (and not validly withdrawn) Notes for which the aggregate purchase price, not including accrued and unpaid interest, payable in respect of such Notes does not exceed $500 million (the "Offer Cap"). Subject to the satisfaction or waiver of the conditions of the Offers, Notes validly tendered (and not validly withdrawn) prior to or at the Early Tender Time will be accepted based on the acceptance priority levels noted in the table above (the "Acceptance Priority Levels"). All Notes tendered prior to or at the Early Tender Time will have priority over Notes tendered after the Early Tender Time, regardless of the Acceptance Priority Levels of the Notes tendered after the Early Tender Time. Subject to applicable law, the Company may increase, decrease or waive the Offer Cap, as provided in the Offer to Purchase.Subject to the satisfaction or waiver of the conditions of the Offers, the "Acceptance Priority Procedures" will operate as follows: (1) at the Early Settlement Date, the Company will accept for purchase all Notes of each series validly tendered at or before the Early Tender Time and not validly withdrawn at or before the Withdrawal Deadline, starting with the 2052 Notes (which have an Acceptance Priority Level of 1), followed by the 2044 Notes (which have an Acceptance Priority Level of 2), followed by the 2029 Notes (which have an Acceptance Priority Level of 3), followed by the 2032 Notes (which have an Acceptance Priority Level of 4), subject to the Offer Cap; and (2) on April 1, 2026 (the "Final Settlement Date"), to the extent the Company has not already accepted Notes with an aggregate purchase price payable in respect of such Notes equal to the Offer Cap, it will accept for purchase validly tendered and not validly withdrawn Notes of each series not previously purchased on the Early Settlement Date starting with the 2052 Notes, followed by the 2044 Notes, followed by the 2029 Notes, followed by the 2032 Notes in accordance with their respective Acceptance Priority Levels, subject to the Offer Cap.None of the Offers is conditioned on any of the other Offers or upon any minimum principal amount of Notes of any series being tendered. The Company's obligation to purchase, and to pay for, any Notes validly tendered pursuant to the Offers is subject to and conditioned upon the satisfaction of, or the Company's waiver of, the conditions described in the Offer to Purchase.This press release is neither an offer to purchase nor a solicitation of an offer to sell securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such offer, solicitation, or sale would be unlawful. The Offers are being made solely pursuant to the terms and conditions set forth in the Offer to Purchase.J.P Morgan Securities LLC, Mizuho Securities USA LLC, Truist Securities, Inc. and U.S. Bancorp Investments, Inc. are serving as Dealer Managers for the Offers (each, a "Dealer Manager" and together, the "Dealer Managers"). Questions regarding the Offers may be directed to J.P Morgan Securities LLC at (866) 834-4666 (toll-free) or (212) 834-3554 (collect), Mizuho Securities USA LLC at (866) 271-7403 (toll-free) or (212) 205-7741 (collect), Truist Securities, Inc. at (833) 594-7730 (toll-free) or U.S. Bancorp Investments, Inc. at (800) 479-3441 (toll-free) or (917) 558-2756 (collect). Requests for the Offer to Purchase or the documents incorporated by reference therein may be directed to Global Bondholder Services Corporation, which is acting as the Tender Agent and Information Agent for the Offers at the following telephone numbers: banks and brokers at (212) 430-3774; all others toll-free at (855) 654-2015.RedemptionThe Company also announced that it will redeem the full outstanding $650,000,000 aggregate principal amount of its 4.650% Senior Notes due 2027 (the "2027 Notes") (CUSIP No. 012653 AD3) on March 12, 2026 (the "Redemption Date"). On the Redemption Date, the Company will pay to the registered holders of the 2027 Notes a redemption price in an amount equal to the greater of(1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the Redemption Date (assuming the 2027 Notes matured on the par call date of May 1, 2027) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the treasury rate (determined on the third business day preceding the Redemption Date) plus 30 basis points, less (b) interest accrued to the Redemption Date; and(2) 100% of the principal amount of the 2027 Notes to be redeemed;plus, in either case, accrued and unpaid interest thereon to the Redemption Date.A notice of full redemption of the 2027 Notes has been or will be sent to registered holders of the 2027 Notes by U.S. Bank Trust Company, National Association, as trustee under the indenture governing the 2027 Notes. The information concerning the terms and conditions of the redemption is provided in such notice. The information contained in this press release does not constitute a notice of redemption with respect to the 2027 Notes. Investors in the 2027 Notes should contact the bank or broker through which they hold a beneficial interest in the 2027 Notes for information about obtaining the redemption price for the 2027 Notes in which they have a beneficial interest.About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains certain information that are not statements of historical fact or current fact constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "may," "should," "would," "will," "outlook," and "scenario." These and other forward-looking statements are based on management's current estimates, assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov.Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Corporation Announces Cash Tender Offers for Debt Securities and Redemption of 4.650% Senior Notes due 2027

Albemarle Announces Quarterly Common Stock DividendFebruary 26, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., Feb. 26, 2026 /PRNewswire/ -- The Board of Directors of Albemarle Corporation (NYSE: ALB) today announced that it declared a quarterly common stock dividend of $0.405 per share. The dividend, which has an annualized rate of $1.62, is payable April 1, 2026, to shareholders of record at the close of business as of March 13, 2026.







About Albemarle 
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.   Forward-Looking Statements 
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, including, without limitation, statements related to future dividends and results, which may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the statements expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; potential expected market pricing of lithium and spodumene and other underlying assumptions and our 2026 outlook considerations; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the U.S. Securities and Exchange Commission, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com



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Original: Albemarle Announces Quarterly Common Stock Dividend

Albemarle Reports Fourth Quarter and Full Year 2025 ResultsFebruary 11, 2026 4:15 PM
PR Newswire (US)

CHARLOTTE, N.C., Feb. 11, 2026 /PRNewswire/ -- 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."Fourth Quarter 2025 ResultsIn millions, except per share amountsQ4 2025
Q4 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)
NMAdjusted 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 the fourth quarter of 2025, as well as changes in geographic income mix, including the impact of previously recorded valuation allowances in Australia and China.Energy Storage ResultsIn millionsQ4 2025
Q4 2024
$ Change
% ChangeNet Sales$           759.1
$           616.8
$           142.2
23.1 %Adjusted EBITDA$           167.1
$           133.7
$             33.4
25.0 %Energy Storage net sales for the fourth quarter of 2025 were $759 million, an increase of $142 million, or 23%, primarily due to higher volumes (+17%) and pricing (+6%). Adjusted EBITDA of $167 million increased $33 million, or 25%, primarily due to higher pricing and cost and productivity improvements.Energy Storage adjusted EBITDA for the full year 2025 was $697 million, down 8% versus the year prior, as higher sales volumes and cost and productivity improvements mostly offset lower lithium market pricing.Specialties ResultsIn millionsQ4 2025
Q4 2024
$ Change
% ChangeNet Sales$           348.9
$           332.9
$             16.0
4.8 %Adjusted EBITDA$             68.6
$             72.9
$              (4.3)
(5.9) %Specialties net sales for the fourth quarter of 2025 were $349 million, an increase of $16 million, or 5%, primarily due to higher volumes (+2%) and pricing (+1%). Adjusted EBITDA of $69 million decreased $4 million versus the year-ago quarter primarily due to margin compression in lithium specialties, down from 2024 highs.Specialties adjusted EBITDA for the full year 2025 was $276 million, increasing 21% year-over-year, as higher volumes and cost and productivity improvements more than offset lower pricing.Ketjen ResultsIn millionsQ4 2025
Q4 2024
$ Change
% ChangeNet Sales$           320.1
$           281.9
$             38.1
13.5 %Adjusted EBITDA$             49.7
$             35.8
$             13.9
38.8 %Ketjen net sales for the fourth quarter of 2025 were $320 million, up 14% compared to the prior-year quarter primarily due to higher fluidized catalytic cracking (FCC) volumes and timing of Clean Fuels technology (CFT) sales. Adjusted EBITDA of $50 million increased $14 million, driven by favorable product mix and lower input costs.Ketjen adjusted EBITDA for the full year 2025 was $150 million, an increase of 15%, primarily due to increased FCC volumes.2026 Outlook ConsiderationsTotal Corporate Outlook Considerations
The table below reflects expected outcomes for the total company based on recently observed lithium market price scenarios. Outlook ranges for each scenario are based on variation in sales volume and product mix. Energy Storage production volumes are expected to increase year-over-year. Sales volumes are expected to be approximately flat following inventory drawdowns that occurred in 2025. All three scenarios assume flat market pricing flowing through Energy Storage's current contract book which includes approximately 40% of salts volume on long-term agreements. Scenarios also assume that spodumene pricing averages 10% of the lithium carbonate equivalent (LCE) price, while other costs are assumed to be constant.
Total Corporate FY 2026E Including Energy Storage ScenariosObserved market price case(a)FY 2025 avg.Jan. 2026 avg.2021-2025 avg.Average lithium market price ($/kg LCE)(a)~$10~$20~$30Net sales$4.1 - $4.3 billion$5.7 - $6.0 billion$7.5 - $7.8 billionAdjusted EBITDA(b)$0.9 - $1.0 billion$2.4 - $2.6 billion$4.2 - $4.4 billion
(a)Price represents blend of relevant market pricing including spot and regional indices for the periods referenced.(b)The Company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measurescalculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort.See "Additional information regarding Non-GAAP Measures" for more information.Energy Storage Market Price Scenarios
Energy Storage FY 2026E Observed market price case(a)FY 2025 avg.Jan. 2026 avg.2021-2025 avg.Average lithium market price ($/kg LCE)(a)~$10~$20~$30Net sales$2.5 - $2.6 billion$4.0 - $4.2 billion$5.9 - $6.1 billionAdjusted EBITDA$0.7 - $0.8 billion$2.1 - $2.3 billion$3.9 - $4.1 billionEquity in net income of unconsolidated investments (net of tax)(b)$0.2 - $0.3 billion$0.6 - $0.7 billion$1.0 - $1.1 billion


(a)Price represents blend of relevant market pricing including spot and regional indices for the periods referenced.(b)Included in adjusted EBITDA on a pre-tax basis.Specialties Outlook Considerations
Specialties outlook reflects modest volume growth in key end markets led by semiconductor and pharmaceutical partially offset by expected softness in automotive, building and construction and oil and gas.Net sales are expected to be flat to down and adjusted EBITDA is expected to be lower in 2026 compared to 2025 due, in part, to lithium specialties pricing, which has adjusted lower from the previous peak, and reduced demand for clear brine fluids due to weakness in oil and gas markets. Production volume in 2026 is expected to be impacted by a major flooding event that occurred at our Jordan Bromine Company (JBC) joint venture in January 2026. JBC has since returned to full operating rates.
Segment FY 2026ESpecialties net sales$1.2 - $1.4 billionSpecialties adjusted EBITDA$170 - $230 millionOther Corporate Outlook ConsiderationsFollowing the sale of a controlling stake in Ketjen, which is expected to close in the first quarter of 2026, the refining catalyst business earnings will be classified as equity income and included in Corporate, as will the results of the retained Performance Catalyst Solutions (PCS) business. The EBITDA and equity income contributions from these are expected to be immaterial post transaction.Albemarle expects its 2026 capital expenditures to be roughly flat compared to 2025, in the range of $550 million to $600 million.
Other Corporate FY 2026ECapital expenditures$550 - $600 millionDepreciation and amortization $660 - $680 millionAdjusted effective tax rate(a)(50%) - 30%Corporate adjusted EBITDA (incl. FX, Ketjen equity income & PCS)($20) - $20 millionInterest and financing expenses$150 - $170 millionWeighted-average common shares outstanding (diluted)~118 million
(a)Adjusted effective tax rate dependent on lithium market prices and geographic income mixCash Flow and Capital Deployment
Cash from operations of $1.3 billion for the year ended December 31, 2025 increased $594 million compared to the prior-year period due to cost and productivity improvements, cash management actions, including inventory reductions, and a customer prepayment received in January. Capital expenditures of $590 million were in-line with the company's most recent outlook and decreased by $1.1 billion versus the prior-year period, reflecting the impact of decisions that stopped or slowed spending and the completion of capacity expansions in Energy Storage and Specialties.Balance Sheet and Liquidity
As of December 31, 2025, Albemarle had estimated liquidity of approximately $3.2 billion, including $1.6 billion of cash and equivalents, $1.5 billion available under its revolver and $105 million available on other credit lines. Total debt was $3.2 billion, representing a net debt to adjusted EBITDA ratio (as defined in our credit agreement) of approximately 2.0 times.Earnings CallDate:Thurs., Feb. 12, 2026Time:8:00 AM Eastern timeDial-in (U.S.): +1 800-590-8290Dial-in (International): +1 240-690-8800Passcode:ALBQ4The company's earnings presentation and supporting material are available on Albemarle's website at https://investors.albemarle.com.About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allow us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission ("SEC") filings and other information regarding the company, its businesses and the markets it serves.Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "ambition," "anticipate," "believe," "estimate," "expect," "goal," "guidance," "intend," "may," "outlook," "scenario," "should," "would," and "will". Forward-looking statements may include statements regarding: our 2026 company and segment outlooks, including expected market pricing of lithium carbonate equivalent and spodumene and other underlying assumptions and outlook considerations; planned sale of a controlling stake in Ketjen and the amount of the proceeds for the controlling stake in Ketjen and our interest in the Eurecat JV; timing for completion of both transactions, including obtaining regulatory approvals and meeting other closing conditions; expectations regarding use of proceeds from the both transactions; expected capital expenditure amounts and the corresponding impact on cash flow; expected impact of tariffs and other trade restrictions; plans and expectations regarding other projects and activities, cost reductions and accounting charges, and all other information relating to matters that are not historical facts. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; changes in trade policies and tariffs; financial and operating performance of customers; timing and magnitude of customer orders; fluctuations in lithium and spodumene market prices; production volume shortfalls; increased competition; changes in product demand; availability and cost of raw materials and energy; technological change and development; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; risks related to the integration of artificial intelligence technologies into our operations; geopolitical conflicts and political unrest; our ability to retain key personnel and attract new skilled personnel; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws. Albemarle Corporation and Subsidiaries
Consolidated Statements of (Loss) Income
(In Thousands Except Per Share Amounts) (Unaudited)

Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024Net sales$ 1,428,031
$ 1,231,713
$ 5,142,733
$  5,377,526Cost of goods sold1,230,097
1,093,500
4,474,014
5,314,987Gross profit197,934
138,213
668,719
62,539Selling, general and administrative expenses155,500
135,996
550,036
618,048Goodwill impairment charges—
—
181,070
—Long-lived asset impairment charges245,600
—
245,600
—Restructuring charges and asset write-offs2,039
(22,206)
7,699
1,134,316Research and development expenses12,181
20,021
51,398
86,720Operating (loss) profit(217,386)
4,402
(367,084)
(1,776,545)Interest and financing expenses(57,776)
(44,703)
(207,651)
(165,619)Other (expenses) income, net(9,828)
117,028
22,662
178,339(Loss) income before income taxes and equity in net income of unconsolidated investments(284,990)
76,727
(552,073)
(1,763,825)Income tax expense157,330
10,613
156,881
87,085(Loss) income before equity in net income of unconsolidated investments(442,320)
66,114
(708,954)
(1,850,910)Equity in net income of unconsolidated investments (net of tax)40,560
18,997
243,744
715,433Net (loss) income(401,760)
85,111
(465,210)
(1,135,477)Net income attributable to noncontrolling interests(12,419)
(9,818)
(45,418)
(43,972)Net (loss) income attributable to Albemarle Corporation(414,179)
75,293
(510,628)
(1,179,449)Mandatory convertible preferred stock dividends(41,687)
(41,688)
(166,750)
(136,647)Net (loss) income attributable to Albemarle Corporation common shareholders$  (455,866)
$     33,605
$  (677,378)
$  (1,316,096)Basic (loss) earnings per share attributable to common shareholders$       (3.87)
$         0.29
$        (5.76)
$       (11.20)Diluted (loss) earnings per share attributable to common shareholders$       (3.87)
$         0.29
$        (5.76)
$       (11.20)







Weighted-average common shares outstanding – basic117,701
117,549
117,664
117,516Weighted-average common shares outstanding – diluted117,701
117,723
117,664
117,516 Albemarle Corporation and SubsidiariesCondensed Consolidated Balance Sheets(In Thousands) (Unaudited)

December 31,
December 31,
2025
2024ASSETS


Current assets:


  Cash and cash equivalents$        1,618,001
$        1,192,230  Trade accounts receivable593,502
742,201  Other accounts receivable105,110
238,384  Inventories1,179,271
1,502,531  Other current assets140,440
166,916  Current assets held for sale371,815
—Total current assets4,008,139
3,842,262Property, plant and equipment, at cost11,768,840
12,523,368Less accumulated depreciation and amortization3,156,429
3,191,898Net property, plant and equipment8,612,411
9,331,470Investments900,926
1,117,739Other assets647,185
504,711Goodwill1,499,657
1,582,714Other intangibles, net of amortization214,233
230,753Noncurrent assets held for sale491,660
—Total assets$      16,374,211
$      16,609,649LIABILITIES AND EQUITY


Current liabilities:


  Accounts payable to third parties$           779,160
$           793,455  Accounts payable to related parties134,369
150,432  Accrued expenses521,831
467,997  Current portion of long-term debt74,077
398,023  Dividends payable61,387
61,282  Income taxes payable35,467
95,275 Current liabilities held for sale191,753
—Total current liabilities1,798,044
1,966,464Long-term debt3,119,464
3,118,142Postretirement benefits44,744
31,930Pension benefits117,361
116,192Other noncurrent liabilities1,084,892
819,204Deferred income taxes368,275
358,029Noncurrent liabilities held for sale59,970
—Commitments and contingencies


Equity:


Albemarle Corporation shareholders' equity:


  Common stock1,178
1,176  Mandatory convertible preferred stock2,235,105
2,235,105  Additional paid-in-capital3,018,213
2,985,606  Accumulated other comprehensive loss(334,807)
(742,062)  Retained earnings4,613,676
5,481,692Total Albemarle Corporation shareholders' equity9,533,365
9,961,517Noncontrolling interests248,096
238,171Total equity9,781,461
10,199,688Total liabilities and equity$      16,374,211
$      16,609,649 Albemarle Corporation and SubsidiariesSelected Consolidated Cash Flow Data(In Thousands) (Unaudited)

Year Ended
December 31,
2025
2024Cash and cash equivalents at beginning of year$   1,192,230
$     889,900Cash flows from operating activities:


Net loss(465,210)
(1,135,477)Adjustments to reconcile net loss to cash flows from operating activities:


Depreciation and amortization658,678
588,638Non-cash goodwill impairment charges181,070
—Non-cash long-lived asset impairment charges245,600
—Non-cash restructuring and asset write-offs—
1,013,444Stock-based compensation and other40,271
32,141Equity in net income of unconsolidated investments (net of tax)(243,744)
(715,433)Dividends received from unconsolidated investments and nonmarketable securities93,739
358,933Pension and postretirement expense (benefit)23,377
(5,274)Pension and postretirement contributions(20,441)
(19,379)Realized loss on investments in marketable securities—
33,746Unrealized (gain) loss on investments in marketable securities(14,088)
30,073Loss on early extinguishment of debt7,471
—Deferred income taxes81,169
(230,406)Changes in current assets and liabilities, net of effects of acquisitions and divestitures:


Decrease in accounts receivable47,315
555,218Decrease in inventories212,351
1,055,036Decrease in other current assets4,027
244,987Increase (decrease) in accounts payable to third parties144,208
(462,839)(Decrease) in accounts payable to related parties(16,063)
(399,398)(Decrease) in accrued expenses and income taxes payable(36,753)
(140,099)Noncurrent liability changes and other, net339,290
(116,035)Net cash provided by operating activities1,282,267
687,876Cash flows from investing activities:


Capital expenditures(589,801)
(1,680,529)Proceeds from sale of property and equipment32,812
29,102Proceeds from sale of investments290,908
—Proceeds (payments) from settlement of foreign currency forward contracts, net114,236
(15,595)Sales of marketable securities, net6,077
82,520Investments in equity investments and nonmarketable securities(239)
(270)Net cash used in investing activities(146,007)
(1,584,772)Cash flows from financing activities:


Proceeds from issuance of mandatory convertible preferred stock—
2,236,750Proceeds from borrowings of long-term debt and credit agreements56,728
112,439Repayments of long-term debt and credit agreements(505,736)
(112,439)Other repayments,  net(5,657)
(631,834)Dividends paid to common shareholders(190,530)
(188,530)Dividends paid to mandatory convertible preferred shareholders(166,750)
(122,746)Dividends paid to noncontrolling interests(18,169)
(37,194)Proceeds from exercise of stock options3,240
374Withholding taxes paid on stock-based compensation award distributions(7,258)
(11,891)Other(55)
(3,194)Net cash (used in) provided by financing activities(834,187)
1,241,735Net effect of foreign exchange on cash and cash equivalents123,698
(42,509)Increase in cash and cash equivalents425,771
302,330Cash and cash equivalents at end of period$   1,618,001
$   1,192,230 Albemarle Corporation and SubsidiariesConsolidated Summary of Segment Results(In Thousands) (Unaudited) 

Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024Net sales:






Energy Storage$   759,059
$   616,822
$ 2,710,035
$ 3,015,121Specialties348,901
332,942
1,366,435
1,325,983Ketjen320,071
281,949
1,066,263
1,036,422Total net sales$ 1,428,031
$ 1,231,713
$ 5,142,733
$ 5,377,526







Adjusted EBITDA:






Energy Storage$   167,058
$   133,678
$   697,215
$   757,540Specialties68,552
72,875
275,739
228,504Ketjen49,677
35,778
150,398
131,066  Total segment adjusted EBITDA285,287
242,331
1,123,352
1,117,110Corporate(16,543)
8,353
(25,359)
22,668Total adjusted EBITDA$   268,744
$   250,684
$ 1,097,993
$ 1,139,778
See accompanying non-GAAP reconciliations below.Additional Information regarding Non-GAAP MeasuresIt should be noted that adjusted net (loss) income attributable to Albemarle Corporation, adjusted net loss attributable to Albemarle Corporation common shareholders, adjusted diluted loss per share attributable to common shareholders, non-operating pension and other post-employment benefit ("OPEB") items per diluted share, non-recurring and other unusual items per diluted share, adjusted effective income tax rates, EBITDA, adjusted EBITDA (on a consolidated basis), EBITDA margin and adjusted EBITDA margin, operating cash flow conversion, and free cash flow are financial measures that are not required by, or presented in accordance with, accounting principles generally accepted in the United States, or GAAP. These non-GAAP measures should not be considered as alternatives to Net (loss) income attributable to Albemarle Corporation ("earnings") or other comparable measures calculated and reported in accordance with GAAP. These measures are presented here to provide additional useful measurements to review the company's operations, provide transparency to investors and enable period-to-period comparability of financial performance. The company's chief operating decision maker uses these measures to assess the ongoing performance of the company and its segments, as well as for business and enterprise planning purposes.A description of other non-GAAP financial measures that Albemarle uses to evaluate its operations and financial performance, and reconciliation of these non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP can be found on the following pages of this press release, which is also available on Albemarle's website at https://investors.albemarle.com. The company does not provide a reconciliation of forward-looking non-GAAP financial measures to the most directly comparable financial measures calculated and reported in accordance with GAAP, as the company is unable to estimate significant non-recurring or unusual items without unreasonable effort. The amounts and timing of these items are uncertain and could be material to the company's results calculated in accordance with GAAP.ALBEMARLE CORPORATION AND SUBSIDIARIES
Non-GAAP Reconciliations
(Unaudited)See below for a reconciliation of adjusted net (loss) income attributable to Albemarle Corporation, adjusted net loss attributable to Albemarle Corporation common shareholders, EBITDA and adjusted EBITDA (on a consolidated basis), which are non-GAAP financial measures, to Net (loss) income attributable to Albemarle Corporation ("earnings"), the most directly comparable financial measure calculated and reported in accordance with GAAP. Adjusted net loss attributable to Albemarle Corporation is defined as net loss attributable to Albemarle Corporation before the non-recurring, other unusual and non-operating pension and other post-employment benefit (OPEB) items as listed below. The non-recurring and unusual items may include acquisition and integration related costs, gains or losses on sales of businesses, restructuring charges, facility divestiture charges, certain litigation and arbitration costs and charges, and other significant non-recurring items. Adjusted net loss attributable to Albemarle Corporation common stockholders is defined as adjusted net loss attributable to Albemarle Corporation after mandatory convertible preferred stock dividends. EBITDA is defined as net (loss) income attributable to Albemarle Corporation before interest and financing expenses, income tax expense, and depreciation and amortization. Adjusted EBITDA is defined as EBITDA plus or minus the proportionate share of Windfield Holdings income tax expense, non-recurring, other unusual and non-operating pension and OPEB items as listed below. 
Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024In thousands, except percentages and pershare amounts$
% of
net
sales
$
% of
net
sales
$
% of
net
sales
$
% of
net
salesNet (loss) income attributable to AlbemarleCorporation$  (414,179)


$     75,293


$  (510,628)


$  (1,179,449)

Add back:














Non-operating pension and OPEB items(net of tax)18,181


(8,014)


18,664


(9,045)

Non-recurring and other unusual items(net of tax)375,554


(153,490)


566,087


1,049,823

Adjusted net (loss) income attributable toAlbemarle Corporation$    (20,444)


$    (86,211)


$     74,123


$  (138,671)

Mandatory convertible preferredstock dividends(41,687)


(41,688)


(166,750)


(136,647)

Adjusted net loss attributable toAlbemarle Corporation common shareholders$    (62,131)


$  (127,899)


$    (92,627)


$  (275,318)

















Adjusted diluted loss per share attributable tocommon shareholders$        (0.53)


$        (1.09)


$        (0.79)


$        (2.34)

















Adjusted weighted-average common sharesoutstanding – diluted117,701


117,549


117,664


117,516

















Net (loss) income attributable toAlbemarle Corporation$  (414,179)
(29.0) %
$     75,293
6.1 %
$  (510,628)
(9.9) %
$  (1,179,449)
(21.9) %Add back:














Interest and financing expenses57,776
4.0 %
44,703
3.6 %
207,651
4.0 %
165,619
3.1 %Income tax expense157,330
11.0 %
10,613
0.9 %
156,881
3.1 %
87,085
1.6 %Depreciation and amortization163,710
11.5 %
163,106
13.2 %
658,678
12.8 %
588,638
10.9 %EBITDA(35,363)
(2.5) %
293,715
23.8 %
512,582
10.0 %
(338,107)
(6.3) %Proportionate share of Windfield incometax expense16,050
1.1 %
6,201
0.5 %
94,549
1.8 %
299,193
5.6 %Non-operating pension and OPEB items16,732
1.2 %
(10,342)
(0.8) %
17,710
0.3 %
(11,335)
(0.2) %Non-recurring and other unusual items271,325
19.0 %
(38,890)
(3.2) %
473,152
9.2 %
1,190,027
22.1 %Adjusted EBITDA$    268,744
18.8 %
$    250,684
20.4 %
$ 1,097,993
21.4 %
$ 1,139,778
21.2 %















Net sales$ 1,428,031


$ 1,231,713


$ 5,142,733


$ 5,377,526

Non-operating pension and OPEB items, consisting of mark-to-market actuarial gains/losses, settlements/curtailments, interest cost and expected return on assets, are not allocated to Albemarle's operating segments and are included in the Corporate category. In addition, the company believes that these components of pension cost are mainly driven by market performance, and the company manages these separately from the operational performance of the company's businesses. In accordance with GAAP, these non-operating pension and OPEB items are included in Other (expenses) income, net. Non-operating pension and OPEB items were as follows (in thousands):
Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024MTM actuarial loss (gain)$     17,246
$     (9,831)
$     17,246
$      (9,831)Interest cost8,717
8,696
35,427
34,225Expected return on assets(9,231)
(9,207)
(34,963)
(35,729)Total$     16,732
$    (10,342)
$     17,710
$    (11,335)In addition to the non-operating pension and OPEB items disclosed above, the company has identified certain other items and excluded them from Albemarle's adjusted net (loss) income calculation for the periods presented. A listing of these items, as well as a detailed description of each follows below (per diluted share):
Three Months Ended
Year Ended
December 31,
December 31,
2025
2024
2025
2024Restructuring charges and asset write-offs(1)$         0.02
$       (0.21)
$         0.04
$         9.77Goodwill impairment charges(2)0.04
—
1.54
—Long-lived asset impairment charges(3)2.09
—
2.09
—Acquisition and integration related costs(4)0.04
0.01
0.07
0.04(Gain) loss in fair value of public equity securities(5)(0.07)
0.03
(0.09)
0.53Loss on extinguishment of debt(6)0.06
—
0.06
—Other(7)0.28
(0.19)
0.35
(0.42)Tax related items(8)0.73
(0.95)
0.75
(1.00)Total non-recurring and other unusual items$         3.19
$       (1.31)
$         4.81
$         8.92


(1)
The Company took several actions during 2024 as part of a broader effort that are focused on preserving its world-class resource advantages, optimizing its global conversion network, improving the Company's cost competitiveness and efficiency, reducing capital intensity and enhancing the Company's financial flexibility. Those actions included stopping construction of Kemerton Trains 3 and 4, as well as certain other capital projects, placing Kemerton Train 2 in care and maintenance and transitioning the Company's operating structure to a fully integrated functional model (excluding Ketjen). Additionally, as part of this restructuring plan, we placed the Chengdu, China conversion plant into care and maintenance during the first half of 2025. As a result, the Company recorded restructuring and asset write-off charges of $2.0 million and $7.7 million in Restructuring charges and asset write-offs for the three months and year ended December 31, 2025, respectively, and a loss of $0.1 million and $0.2 million in Other (expenses) income, net for the three months and year ended December 31, 2025, respectively. Due to the impact of the valuation allowances, this resulted in total after-tax gains of $2.2 million and $5.2 million, or $0.02 and $0.04 per share for the three months and year ended December 31, 2025, respectively. The Company recorded restructuring and asset write-off charges (gains) of $3.8 million in Cost of goods sold during the three months and year ended December 31, 2024, and ($22.2) million and net charges of $1.2 billion during the three months and year ended December 31, 2024, respectively in Restructuring charges and asset write-offs. In addition, losses of $4.6 million and $26.1 million were recorded in Other (expenses) income, net for the three months and year ended December 31, 2024, respectively, related to these actions. In total, this resulted in after-tax (gains) losses of ($24.9) million and $1.1 billion, or ($0.21) and $9.77 per share for the three months and year ended December 31, 2024, respectively. The tax impact includes a valuation allowance to reverse the tax benefits associated with the expenses recorded in Australia.


(2)
Non-cash goodwill impairment charge of $181.1 million ($181.1 million or $1.54 per share after income tax expense) recorded during the year ended December 31, 2025 related to our Refining Solutions business within our Ketjen reportable segment.


(3)
Non-cash long-lived asset impairment charge of $245.6 million ($245.6 million or $2.09 per share after income tax expense) recorded during the three months and year ended December 31, 2025 to reduce the carrying value of our Refining Solutions business to its fair value less costs to sell following classification as held for sale.


(4)
Costs related to the acquisition, integration and divestitures for various significant projects, recorded in Selling, general and administrative expenses for the three months and year ended December 31, 2025 were $3.2 million and $8.3 million ($4.3 million and $8.3 million after income taxes due to the impact of valuation allowances, or $0.04 and $0.07 per share), respectively, and for the three months and year ended December 31, 2024 were $2.3 million and $6.2 million ($1.8 million and $4.9 million after income taxes, or $0.01 and $0.04 per share), respectively.


(5)
Gains of $8.0 million and $11.1 million ($8.7 million and $11.1 million after income taxes due to the impact of valuation allowances, or $0.07 and $0.09 per share) recorded in Other (expenses) income, net resulting from the net change in fair value of investments in public equity securities for the three months and year ended December 31, 2025, respectively. Losses of $4.8 million and $37.0 million recorded in Other (expenses) income, net resulting from the net change in fair value of investments in public equity securities for the three months and year ended December 31, 2024, respectively, and a loss of $33.7 million recorded in Other (expenses) income, net for the year ended December 31, 2024 resulting from the sale of investments in public equity securities ($3.7 million and $62.7 million after income taxes, or $0.03 and $0.53 per share).


(6)
Included in Interest and financing expenses for the three months and year ended December 31, 2025 is a loss on early extinguishment of debt of $7.5 million ($0.06 per share, with no adjustment from income taxes due to the impact of valuation allowances), representing the unamortized discounts from the amendment of other debt.


(7)
Other adjustments for the three months ended December 31, 2025 included amounts recorded in:

•Cost of goods sold - $4.8 million related to the write-off of assets damaged in a severe weather incident in Jordan.

•Selling, general and administrative expenses - $9.2 million related to the write-off of assets damaged in a severe weather incident in Jordan and $0.8 million related to the write-off of certain fixed assets, partially offset by a $0.7 million gain resulting from the adjustment of severance expenses not related to a restructuring plan.

•Other (expenses) income, net - $14.3 million loss related to the sale of our ownership interest in the Nippon Aluminum Alkyls joint venture.

After income taxes, these net losses totaled $33.1 million, or $0.28 per share.




Other adjustments for the year ended December 31, 2025 included amounts recorded in:

•Cost of goods sold - $4.8 million related to the write-off of assets damaged in a severe weather incident in Jordan.

•Selling, general and administrative expenses - $9.2 million related to the write-off of assets damaged in a severe weather incident in Jordan, $3.1 million of severance expenses not related to a restructuring plan, $2.2 million related to the write-off of certain fixed assets, $2.0 million of expenses related to certain historical legal matters and $1.4 million of expenses related to the redemption of preferred equity in a Grace subsidiary, partially offset by $13.3 million of gains from the sale of assets not part of our production operations.

•Other (expenses) income, net - $38.0 million loss resulting from the redemption of preferred equity in a Grace subsidiary, $14.3 million loss related to the sale of our ownership interest in the Nippon Aluminum Alkyls joint venture and $1.9 million of charges for asset retirement obligations at a site not part of our operations, partially offset by $19.8 million of income from PIK dividends of the preferred equity in a Grace subsidiary prior to redemption and a $2.4 million gain primarily resulting from the adjustment of indemnification related to previously disposed businesses.

After income taxes, these net losses totaled $41.5 million, or $0.35 per share.




Other adjustments for the three months ended December 31, 2024 included amounts recorded in:

•Other (expenses) income, net - $23.5 million of gains from the sale of assets at a site not part of our operations, $9.5 million of income from PIK dividends of preferred equity in a Grace subsidiary, a $1.4 million net gain primarily resulting from the adjustment of indemnification related to previously disposed businesses, partially offset by $2.1 million of a loss related to the fair value adjustment of a nonmarketable security investment.

After income taxes, these net gains totaled $22.7 million, or $0.19 per share.




Other adjustments for the year ended December 31, 2024 included amounts recorded in:

•Cost of goods sold - $1.4 million of expenses related to non-routine labor and compensation related costs that are outside normal compensation arrangements.

•Selling, general and administrative - $5.3 million of expenses related to certain historical legal and environmental matters.

•Other (expenses) income, net - $40.9 million of gains from the sale of assets at sites not part of our operations, $36.3 million of income from PIK dividends of preferred equity in a Grace subsidiary, a $1.8 million net gain primarily resulting from the adjustment of indemnification related to previously disposed businesses and a $0.6 million gain from an updated cost estimate of an environmental reserve at a site not part of our operations, partially offset by $2.9 million of charges for asset retirement obligations at a site not part of our operations and $2.1 million of a loss related to the fair value adjustment of a nonmarketable security investment.

After income taxes, these net gains totaled $49.0 million, or $0.42 per share.


(8)
Included in Income tax expense for the three months and year ended December 31, 2025 are discrete net tax expenses of $86.2 million, or $0.73 per share, and $88.1 million, or $0.75 per share, respectively, primarily related to a U.S. basis difference in Ketjen entities.




Included in Income tax expense for the three months and year ended December 31, 2024 are discrete net tax benefits of $111.4 million, or $0.95 per share, and $117.5 million, or $1.00 per share, respectively, primarily related to the impact of valuation allowances on a return to provision, partially offset by the increase in a foreign tax reserve.See below for a reconciliation of the adjusted effective income tax rate, the non-GAAP financial measure, to the effective income tax rate, the most directly comparable financial measure calculated and reporting in accordance with GAAP (in thousands, except percentages).
(Loss) incomebefore income taxesand equity in netincome ofunconsolidatedinvestments
Income tax expense(benefit)
Effective incometax rateThree months ended December 31, 2025:




As reported$                   (284,990)
$                    157,330
(55.2) %Non-recurring, other unusual and non-operating pension and OPEB items295,527
(98,208)

As adjusted$                      10,537
$                      59,122
561.1 %





Three months ended December 31, 2024:




As reported$                      76,727
$                      10,613
13.8 %Non-recurring, other unusual and non-operating pension and OPEB items(49,232)
112,272

As adjusted$                      27,495
$                    122,885
446.9 %





Year ended December 31, 2025:




As reported$                   (552,073)
$                    156,881
(28.4) %Non-recurring, other unusual and non-operating pension and OPEB items498,332
(86,419)

As adjusted$                     (53,741)
$                      70,462
(131.1) %





Year ended December 31, 2024:




As reported$                (1,763,825)
$                      87,085
(4.9) %Non-recurring, other unusual and non-operating pension and OPEB items1,178,692
137,914

As adjusted$                   (585,133)
$                    224,999
(38.5) %See below for the calculation of operating cash flow conversion and a reconciliation of free cash flow, a non-GAAP measure, to net cash provided by operating activities, the most directly comparable financial measure calculated and reporting in accordance with GAAP. The Company defines as Net cash provided by operating activities from the statement of cash flows divided by adjusted EBITDA, which is a non-GAAP measure. A reconciliation of adjusted EBITDA, the non-GAAP financial measure, from net income (loss) attributable to Albemarle Corporation, the most directly comparable financial measure calculated and reporting in accordance with GAAP, is provided in the above tables (in thousands, except percentages).
Year Ended
December 31, 2025Free cash flow:
Net cash provided by operating activities$            1,282,267Less: Capital expenditures(589,801)Free cash flow$               692,466

Operating cash flow conversion:
Net cash provided by operating activities$            1,282,267

Adjusted EBITDA$            1,097,993

Operating cash flow conversion117 % Albemarle Investor Relations Contact: +1 (980) 308-6194, invest@albemarle.com  



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Original: Albemarle Reports Fourth Quarter and Full Year 2025 Results

Albemarle Announces Plans to Idle its Kemerton Lithium Hydroxide Processing PlantFebruary 11, 2026 4:20 PM
PR Newswire (US)

Decision improves financial flexibility and preserves optionality CHARLOTTE, N.C., Feb. 11, 2026 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today?announced it will idle the remaining operating train, Train 1, at its Kemerton lithium hydroxide processing plant in Western Australia and place it into care and maintenance effective immediately. Today's announcement follows actions in 2024 to place Train 2 into care and maintenance and to cease expansion plans for Trains 3 and 4.







The Kemerton plant processes spodumene from the Greenbushes mine, one of the world's best spodumene resources. Albemarle holds ownership interest and half of the offtake rights from Greenbushes through an Australian joint venture. Kemerton, with its proven technology and commercial scale lithium hydroxide production, was built to enable the development of a Western lithium supply chain."Idling operations at Kemerton was a difficult decision. It follows significant actions we have taken over the past two and a half years to reduce operating costs during an extended period of price volatility in the market," said Kent Masters, Albemarle Chairman and CEO. "Unfortunately, recent lithium price improvements alone are not enough to offset the challenges facing Western hard-rock lithium conversion operations. This decision improves our financial flexibility and preserves optionality."The decision is expected to be accretive to adjusted EBITDA beginning in the second quarter of 2026 with no impact to projected 2026 volumes. Albemarle will meet customer demand for lithium hydroxide through other production channels.Albemarle's mining interests in Australia, including its holdings in Greenbushes and Wodgina and its exploration interests in Western Australia, are not impacted by the Kemerton decision as they remain core components of the company's strategy.In a separate press release issued today, Albemarle shared its fourth quarter and full year 2025 earnings results. The company will provide further details on its conference call to discuss its financial results at 8 a.m. EST on Thursday, February 12, 2026.Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com. Direct dial numbers are provided below: Participant Dial-in Numbers: 
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ4
Attendee URL: 
https://albemarle-q4-2025-earnings-call.open-exchange.net/ About Albemarle 
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com.Albemarle regularly posts information to Albemarle.com, including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves. Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as "anticipate," "believe," "estimate," "expect," "guidance," "intend," "may," "outlook," "scenario," "should," "would," and "will" and similar references to future periods. Forward-looking statements may include statements regarding: our 2026 company and segment outlooks, including guidance related to impact on 2026 EBITDA and volumes; plans and expectations regarding customer demand, production impacts, financial flexibility and optionality, potential market pricing of lithium and other underlying assumptions and outlook considerations, other mining interests and projects, and all other information relating to matters that are not historical facts. These and other forward-looking statements are based on management's current estimates, assumptions and expectations and involve risks and uncertainties that could significantly affect expected results. Actual results could differ materially from those expressed or implied in the forward-looking statements if one or more of the underlying estimates, assumptions or expectations prove to be inaccurate or are unrealized. Factors that could cause Albemarle's actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; changes in trade policies and tariffs; financial and operating performance of customers; timing and magnitude of customer orders; fluctuations in lithium market prices; potential production volume shortfalls; increased competition; changes in product or conversion demand; availability and cost of raw materials and energy; technological change and development; completion of the audit of our annual financial statements; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; geopolitical conflicts and political unrest; trade policies and tariffs; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle's partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under "Risk Factors" in Albemarle's most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle's website (investors.albemarle.com) and on the SEC's website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.Investor Relations Contact: +1 (980) 308-6194, invest @JEB, media@albemarle.com
Australia Media Contact: mediacontactaustralia@albemarle.com



View original content to download multimedia:https://www.prnewswire.com/news-releases/albemarle-announces-plans-to-idle-its-kemerton-lithium-hydroxide-processing-plant-302685521.htmlSOURCE Albemarle Corporation

Original: Albemarle Announces Plans to Idle its Kemerton Lithium Hydroxide Processing Plant

you do know that was three years ago right?

China’s Nio joins the race for lithium, buys 12% of Australia’s Greenwing Resources
https://techcrunch.com/2022/09/27/china-ev-nio-race-secure-lithium/ $ALB $NIO

Trump transition team has fleshed out its plan to destroy the US EV market
https://electrek.co/2024/12/16/trump-transition-team-has-fleshed-out-its-plan-to-destroy-the-us-ev-market/ $ALB

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175639409 $ALB

Going down because Trump leading the way

There is a video going around on Socials that is saying Harris’s husband owns stock, or is a larger player in this company. And the company is preparing a big development that will need the future president’s sign off. Any accuracy to this?

ALB new 52 week low

Is this new ipo (upsized offering of depository shares) adding 40 mil to outstanding shares?

https://www.msn.com/en-us/money/companies/albemarle-dumps-4-2-billion-liontown-lithium-bid-cites-growing-complexities/ar-AA1ifZo5?ocid=msedgntp&cvid=d0df38702c004042816cf657e569868c&ei=41

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172708925 $ALB

https://finance.yahoo.com/video/tesla-created-secret-team-suppress-144722193.html $ALB

Albemarle aims to expand Chile lithium mine in 2028 with new technology
https://www.reuters.com/markets/commodities/albemarle-aims-expand-chile-lithium-mine-2028-with-new-technology-2023-05-11/

Maybe.. yet, alb going up!

Chinese lithium prices fall 30% as demand for electric vehicles weakens
https://beamstart.com/news/chinese-lithium-prices-fall-30-16770372967630 $ALB

I have ALB and Liven. And a little of Iconic Lithium.

Albemarle calls for high lithium prices to fuel EV industry growth
January 24, 2023

https://www.mining.com/web/albemarle-expects-lithium-prices-to-remain-high-to-fuel-fresh-supply/?utm_source=Daily_Digest&utm_medium=email&utm_campaign=MNG-DIGESTS&utm_content=albemarle-calls-for-high-lithium-prices-to-fuel-ev-industry-growth

Top 10 Owners of Albemarle Corp

https://money.cnn.com/quote/shareholders/shareholders.html?symb=ALB&subView=institutional#:~:text=Top%2010%20Owners%20of%20Albemarle%20Corp&text=The%20Vanguard%20Group%2C%20Inc.&text=SSgA%20Funds%20Management%2C%20Inc.&text=Baillie%20Gifford%20%26%20Co.&text=PRIMECAP%20Management%20Co.

CHARLOTTE, N.C., Jan. 23, 2023 /PRNewswire/ -- Albemarle Corporation (NYSE: ALB), a leader in the global specialty chemicals industry, will host its virtual 2023 Strategy Update tomorrow, Jan. 24, 2023, at 9:00 a.m. ET. The event is expected to conclude at approximately 10:45 a.m. ET.

https://finance.yahoo.com/news/albemarle-host-2023-strategic-including-225500255.html

89 views Jan 23, 2023 Albemarle Kent Masters 3Q Interview for IR Day V6with graphics and Qs

Albemarle Sustainability Webcast

Albemarle Corporation To Release Fourth-Quarter 2022 Earnings Results On Wed., Feb. 15, 2023
01/17/2023

https://investors.albemarle.com/news-and-events/news/news-details/2023/Albemarle-Corporation-to-Release-Fourth-Quarter-2022-Earnings-Results-on-Wed.-Feb.-15-2023/default.aspx

ALB should be a mover this year

Commodities are the fruits of the land and all nations need the flow

$212 today and I’m waiting like a hawk for an entry opportunity

…. Not yet

Global supply/demand calculations are near impossible under current circumstances (mu

Global production is rolling over and it might very well be a big tumble for everyone

Time and timing …..

spec

Ducked the bullet. I held out selling until the first of the year. And got out. Looking to rebuy.

Picks and Shovels rule.
https://www.fool.com/investing/2021/11/14/3-hot-electric-vehicles-stocks-to-buy-hold-decade/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

Electric vehicles are the future. In a report dated Nov. 10 and prepared for the big United Nations climate conference that just concluded in Glasgow, Bloombe...

Wish I had bought more. But when I did they were not doing great.

NEW ALL-TIME HIGH



SPX

https://www.msn.com/en-us/money/topstocks/albemarle-investors-float-higher-on-lithium-bubble/ar-BB1djoKL?ocid=msedgntp

Quite a run

NO STOPPING THE BEAST!!!!LOVING THE RIDE!!!

Still going. Still have 20%. Guess I should feel lucky.

I am shocked about this great reversal. I thought it went way too low at 65, but 100% gain? Yay.

Holding core long. Hedge with puts around this level if you feel the need to.

The Albermarle Story.....



12 months later....Yes, it's obscene what these money managers do to share prices !




Plus also to unsuspecting, naive investors.



Hey so why did you sell at 120 ?......he-he




I know - I understand - because of your very nice profit...So no worries on that front, that's for sure.





Anyways,

So, now what ?......Do you think it will just keep climbing higher ?





Or will these all-time highs act as real staunch resistance ?






Might a fellow be "wise" to start dabbling in puts ?

Stock is a beast. Did not think this would approach aths as fast as it has. I sold s good chunk around 120 from 68 average but still holding long. Will add on next down leg.

Ageeed. More to come.

Great long term hold here

Nice pop recently...in and out over a couple of weeks-

futr

Very nice run, sold my holdings. Went up quite a bit I expect a pullback sometime