BASF stands by 2026 outlook and reports earnings beat
BASF reaffirmed its annual earnings outlook after first-quarter results beat forecasts. The group expects its secure supply chain to provide a market advantage.
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BASF SE reaffirmed its 2026 EBITDA guidance of €6.2B to €7.0B on Thursday morning despite market volatility stemming from the conflict in Iran. The chemicals group reported Q1 adjusted EBITDA of €2.36B, beating analyst forecasts of €2.19B even as earnings fell 5.6%. Investors are weighing the group's supply chain resilience against a 92% gap between its $65 oil price assumption and current market rates.
