Dow Stock Earnings Reports

Dow Inc. reported solid 1Q26 operational performance amid significant market disruption from the Middle East conflict. Key financials: $9.8 billion in net sales, $873 million operating EBITDA, 3% sequential volume growth, and roughly $193 million of period cost savings. Management expects the Middle East conflict to drive prolonged supply constraints (potentially 6–18 months), tightening global feedstocks and support for polyethylene and other petrochemical pricing. They guided 2Q26 revenue of about $12 billion and EBITDA of about $2 billion, with pricing momentum (notably polyethylene) and higher asset utilization expected to more than offset rising feedstock costs and maintenance. Self-help programs remain a central pillar: delivering the remainder of a $1.0 billion cost program this year, Transform to Outperform targeting at least $2.0 billion of near-term EBITDA improvement (two-thirds productivity, one-third growth), and additional productivity items expected to ramp to $400 million in H2. The leadership transition was announced: Karen S. Carter will become CEO on July 1, with James R. Fitterling moving to executive chair. Financial priorities emphasize disciplined capital allocation, maintaining an investment-grade balance sheet, limited capex (at or below D&A over the cycle), returning cash to shareholders, and strong liquidity (about $14 billion total liquidity and >$4 billion cash on hand). Management views the Americas asset and feedstock position as a significant near-term advantage and expects further upside to current guidance if pricing continues to strengthen.