Business · Companies · 3 hrs ago
Alpek raises 2026 operating cash flow outlook by up to 32%
Mexican petrochemical company Alpek raised its 2026 cash flow forecast after its third-quarter results beat analysts’ expectations.
It now expects comparable operating cash flow of $990 million, up from its previous forecast of $750 million to $800 million.
Higher reference margins for PET, a plastic used in packaging, and rising ocean freight costs supported market conditions for its polyester business.
Alpek’s third-quarter revenue rose 21% year on year, while operating cash flow increased 86%; net profit was more than twice market expectations.
The company said disciplined execution helped it manage volatile global trade conditions linked to the conflict in the Middle East.
Its net debt-to-cash-flow ratio fell to 1.9 times, below its target range of 2 to 2.5 times, giving it more financial flexibility.
Alpek now plans for $990 million in cash flow in 2026, while its shares have risen 71% so far this year.
Alpek raised its 2026 comparable operating cash flow forecast to $990 million.
The new forecast is up to 32% above its previous range of $750 million to $800 million.
The company said its third-quarter results exceeded analyst expectations.
Higher benchmark PET margins and ocean freight costs supported favorable market conditions in its polyester segment.
Alpek’s net debt-to-operating cash flow ratio fell to 1.9 times, below its target range of 2 to 2.5 times.
- Who
- Mexican petrochemical company Alpek.
- What
- It raised its 2026 comparable operating cash flow outlook to $990 million, up to 32% from its previous forecast.
- When
- The outlook was raised after the third-quarter results, reported in October 2026.
- Where
- Not stated
- Why
- Alpek said favorable market conditions in its polyester segment and disciplined execution contributed to its results.
This story does not have two clearly opposing sides.
Alpek rejoined the S&P/BMV IPC benchmark index of the Mexican Stock Exchange.
Alpek reported results that exceeded analyst expectations.
Alpek raised its 2026 comparable operating cash flow forecast to $990 million.
- 2026 cash flow outlook
- $990 million
- Previous outlook
- $750 million to $800 million
- Increase
- Up to 32%
- Net debt-to-operating cash flow ratio
- 1.9 times
- Company target ratio
- 2 to 2.5 times
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