NewMarket lifts net income to $124.1 million in third quarter of 2026
Key Facts
NewMarket reported net income of $124.1 million, or $13.50 per share, in the third quarter of 2026, compared with $100.3 million and $10.67 per share in the same period of 2025, according to a statement published by Business Wire. The announcement came after the company said it expected to release third-quarter results after the close of trading on Wednesday, October 28, 2026. The comparison reflects year-over-year increases in net income and earnings per share during the quarter. The report also covers the first nine months, allowing performance since the start of the year to be viewed alongside the standalone quarter. The company's shares, which trade under the ticker NEU, closed at $875.42 on October 27, according to EL7 data.
In the first nine months of 2026, NewMarket recorded net income of $375.9 million, or $40.64 per share, according to its earnings statement. In the same period of 2025, net income was $337.5 million and earnings per share were $35.78, according to the company's results for that period. The figures show increases in net income and earnings per share between the two periods. Net income in the first half of 2026 was $251.8 million, compared with $237.2 million in the first half of 2025, according to the second-quarter and first-half earnings statement. Earnings per share in the first half were $27.14, compared with $25.11 in the same period, according to the same statement.
The company's businesses include Afton Chemical and Ethyl, which develop, manufacture, blend and supply chemical additives for petroleum products, as well as AMPAC, which specializes in materials used primarily in solid rocket motors, according to information from NewMarket. In its third-quarter 2025 results, the Petroleum Additives segment reported sales of $649.1 million and operating profit of $131.3 million. Sales were $663.0 million and operating profit was $157.5 million in the third quarter of 2024, according to the company's results. NewMarket attributed the decline in operating profit in that comparison to one-time charges, a 4.1% decline in shipments and increased investment in technology. The company said lower shipments between the two quarters and increased technology investment also contributed to the decline in profit.
In the first half of 2026, the Specialty Materials segment recorded sales of $125.3 million, compared with $95.8 million in the first half of 2025, according to the company's statement. NewMarket also said surcharges it imposed to offset higher raw material and operating costs associated with supply-chain disruptions in the Middle East contributed to an increase in operating profit for the Petroleum Additives segment in the second quarter of 2026. These disclosures provide some context for the company's results during the year, including the development of Specialty Materials sales and the additives segment's response to higher costs. In its first-half report, the company had cited investments to expand production capacity for both ammonium perchlorate and high-purity hydrazine. It expected the additional capacity to come online near the end of 2026.
NewMarket is scheduled to hold a conference call and webcast its review of the results at 3:00 p.m. Eastern time on Thursday, October 29, 2026, according to the company's announcement. The event comes a day after the date on which it said it expected to release third-quarter results after the close of trading. The call will give management an opportunity to review the reported results, including net income for the quarter and the first nine months, in light of the year-over-year comparisons cited by the company. It will also provide an opportunity to follow what management says about its business segments and the additional production capacity the company expected to bring online near the end of 2026.