What were Tronox's Q2 financial results, and how did they compare to analyst expectations?

Tronox reported a Q2 net loss of $171 million, widening from a $84 million loss year-over-year, with sales up 19% to $868 million driven by higher titanium dioxide (TiO₂) and zircon volumes despite lower zircon pricing; adjusted EPS was a 51-cent loss—worse than both the prior-year 28-cent loss and the S&P Capital IQ consensus estimate of a 37-cent loss.

What is Tronox's outlook for TiO₂ and zircon pricing and volumes in Q3, and what factors are influencing its adjusted EBITDA forecast?

Tronox expects TiO₂ volumes to moderate seasonally and zircon volumes to dip slightly due to inventory availability, while both TiO₂ and zircon pricing will increase sequentially; Q3 adjusted EBITDA is forecast at $95–$115 million, reflecting benefits from prior pricing actions and higher operating rates post-outages, partially offset by elevated input costs from Middle East volatility.

Tronox posts Q2 miss, forecasts continued TiO2 price gains

Aug 6, 2026

Tronox Holdings reported a Q2 net loss of $171 million despite 19% sales growth driven by higher TiO2 and zircon volumes. The company forecasts continued pricing increases for both commodities in Q3 amid elevated input costs.

chemweek

2026-08-06

Tronox posts Q2 miss, forecasts continued TiO2 price gains

2026-08-09

Tronox Holdings (NYSE: TROX) posts higher sales but deeper Q2 loss

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