Key Highlights

  • Albemarle (NYSE:ALB) moved from a USD 1.72 loss per share to diluted Earnings of USD 2.15, and adjusted EBITDA jumped 186% to USD 645.5 million.
  • Peabody (NYSE:BTU) reduced its net loss to USD 32.8 million, or USD 0.27 a diluted share, down from USD 70.1 million, ending the quarter with USD 434 million of cash and USD 887 million of liquidity.
  • Warrior Met Coal (NYSE:HCC) delivered USD 124.0 million of non-GAAP adjusted EBITDA, compared with USD 70.6 million, while total revenues increased to USD 507.9 million.
  • CF Industries (NYSE:CF) reported USD 833 million of adjusted EBITDA against USD 667 million and USD 436 million of net earnings, with USD 1.1 billion still available under its repurchase authorization.

Albemarle (NYSE:ALB): Lithium Pricing Drives a 351% Jump in Energy Storage Earnings

Albemarle (NYSE:ALB) released its Quarterly Report on November 4, 2026. Per-share diluted earnings came to USD 2.15 against a USD 1.72 loss, and Net Income attributable to the company reached USD 296.8 million. Net sales grew 19% to USD 1.55 billion, with pricing contributing USD 512.8 million, which more than offset USD 207.3 million lost from the divested Refining Solutions unit. Adjusted EBITDA, a non-GAAP metric, soared 186% to USD 645.5 million, with the Energy Storage division supplying USD 559.8 million, up 351%. Because numerous agreements track market indexes, the business's results follow lithium prices closely. Equity income, principally from the Windfield joint venture, rose to USD 205.4 million from USD 60.6 million as spodumene prices improved. A USD 181.1 million Goodwill write-down linked to Refining Solutions in the prior-year quarter inflates the year-over-year contrast. Interest and financing costs fell to USD 27.8 million following early redemptions of notes. Cash totaled USD 1.85 billion at September 30, 2026, and 2026 Capital spending is forecast between USD 300 million to USD 350 million. Lithium prices are volatile, so a retreat could shrink these gains.

Peabody (NYSE:BTU): A Smaller Loss Offset by Centurion Longwall Problems

Peabody (NYSE:BTU) announced its third-quarter 2026 results on November 4, 2026. Net loss attributable to common holders narrowed to USD 32.8 million from USD 70.1 million, and adjusted EBITDA landed at USD 97.5 million, against USD 99.5 million previously. Seaborne Thermal adjusted EBITDA increased 26% sequentially to USD 65.5 million, with a realized export price of USD 100.37 a ton. Late in the quarter the Centurion longwall ran into more geological faulting than anticipated. Shipments reached 0.58 million tons in the third quarter, yet October output was only about 45,000 tons, and fourth-quarter sales are projected at 0.3 million to 0.5 million tons. Metallurgical cost per ton hit USD 162.45, up from USD 108.31 twelve months back, and the 2026 metallurgical Volume outlook was lowered by 0.6 million tons. Powder River Basin adjusted EBITDA slid to USD 15.0 million from USD 51.7 million, roughly 71% lower by calculation, as coal burn weakened. Full-year capex guidance was trimmed by USD 40 million, and the company issued a Redemption notice for its remaining 2028 convertible notes. Management looks for better fourth-quarter output, though the complete Centurion remedy hinges on the next longwall relocation in the third quarter of 2027.

Warrior Met Coal (NYSE:HCC): Blue Creek Volume Lifts Revenue 54.6%

Warrior Met Coal (NYSE:HCC) submitted its quarterly report on November 4, 2026, for the period ending September 30. The Alabama-headquartered operator extracts non-thermal steelmaking coal sold to steelmakers across Europe, South America and Asia. Revenues advanced to USD 507.9 million from USD 328.6 million, a 54.6% gain by calculation, with steelmaking coal volumes up 48.2%. Output hit 2.8 million metric tons, a 35.8% rise, mostly from the Blue Creek mine where longwall Mining got going in October 2025. Adjusted EBITDA increased roughly 75.6% by calculation, and the average net selling price rose to USD 158.25 per metric ton from USD 149.73. Net income came to USD 49.3 million, or USD 0.93 a diluted share, though the prior-year quarter had a USD 13.7 million tax benefit. Cash cost per metric ton went up USD 4.73, and Depreciation and depletion grew to USD 68.1 million from USD 43.6 million. Operating Cash Flow over nine months reached USD 286.5 million, and cash ended at USD 437.1 million. The quarterly Dividend remained USD 0.08 per share. The labor contract for certain hourly workers ran out on April 1, 2021, and bargaining is ongoing. No earnings guidance was provided in the filing.

CF Industries (NYSE:CF): Pricing, Volume and Cheaper Gas Lift EBITDA to USD 833 Million

CF Industries (NYSE:CF) posted its third-quarter financial presentation on November 4, 2026, with a call on November 5. The nitrogen maker generated adjusted EBITDA of USD 833 million, USD 166 million more than a year earlier, plus net earnings of USD 436 million. Management attributes the increase to robust volumes, stronger pricing and cheaper realized natural gas. Nine-month adjusted EBITDA came to USD 3,008 million, a total that includes a USD 170 million litigation settlement gain. Free cash flow over the last twelve months was USD 2.0 billion, equivalent to a 53% conversion of adjusted EBITDA, or 61% after excluding USD 306 million of deposits to Canada connected to a Transfer Pricing dispute. Capital returned during the last twelve months reached USD 1.3 billion. Work has begun on the Blue Point low-carbon ammonia plant, costing about USD 3.7 billion in total, with output expected in 2029, while Yazoo City should resume in the first half of 2027. Natural Gas price swings, tariffs, cyclical pricing and cost overruns on projects are the main risks. The materials reviewed do not include EPS, a share price reaction or a numeric guidance figure.

Where Things Stand

Albemarle's jump came mainly from price, not volume. Albemarle (NYSE:ALB) benefited from index-linked lithium prices, equity income and a prior-year base that contained a goodwill write-down. Peabody (NYSE:BTU) improved on seaborne pricing but remains held back by Centurion geology and soft U.S. coal burn. Warrior Met Coal (NYSE:HCC) expanded on Blue Creek volume even as cash cost per ton and depreciation climbed. CF Industries (NYSE:CF) raised EBITDA through pricing, volume and cheaper gas, and its nine-month number includes a litigation gain. Because the four sell different commodities, each result follows its own price cycle, and none of the releases described a share price reaction. Next checkpoints are the November 5 CF call, lithium index movements, and Centurion output for October and the fourth quarter.