Glencore Raises 2026 Marketing Profit Guidance Above $5 Billion

Key Facts

1Glencore raised its 2026 marketing EBIT guidance to exceed $5 billion, surpassing previous estimates.

2Citi expects the updated guidance to trigger consensus upgrades for the mining and commodities group.

Glencore raised its 2026 marketing EBIT guidance to exceed $5 billion, surpassing its previous estimates. Proactive Investors reported that the new guidance aligns closely with Citigroup's forecast of $5.4 billion. The company also increased its long-term marketing earnings before interest and tax range to between $2.8 billion and $4.2 billion.

GLNCY closed at $14.91 on October 2, 2026, while Citigroup (C) closed at $128.5 on the same date. Citi expects the updated outlook to trigger consensus upgrades for the group's financial results, noting that the revision reflects strong performance in the first half of 2026 and an increase in risk-managed inventories to $32.2 billion.