Chemtrade Logistics Income Fund Announces Results for the Third Quarter of 2026 and Tightens 2026 Adjusted EBITDA Guidance to Between $495 and $515 Million

Scott Rook, President and CEO of Chemtrade

“Our third quarter results reflected a continuation of the trends of the second quarter as the stability of the ASP and WS segments was offset by the softness of EC, particularly in chlor-alkali. However, our diversified product mix, operational excellence, and exceptional team continue to demonstrate resilience and to deliver strong results. Sulphur costs remained at historically high levels in the third quarter. Our ASP segment is largely insulated from sulphur price changes, but higher costs have been a headwind in WS despite our team being able to offset more than 80% of cost increases through pricing adjustments this year. There are signs that sulphur costs are starting to ease as demonstrated by fourth quarter sulphur settling 13% below the third quarter, which is expected to support WS margins. With 2026 nearly complete, we expect a substantial improvement in the fourth quarter over the same period in 2025. I would like to thank our entire team for the dedication and agility that position Chemtrade to deliver near-record annual results despite challenging market conditions. We remain committed to the growth targets in our Vision 2030 strategic framework, supported by our strong balance sheet. We ended the quarter at our target leverage, and for the right inorganic growth opportunity we are prepared to let it rise modestly into the higher 2x range. Over the past few years, Chemtrade has transformed through reliability, productivity improvements, pricing discipline and organic growth investments. We intend to continue the transformation by converting from an income trust to a corporation, which we believe will, among other benefits, broaden our investor base. Subject to Board approval, we expect to continue our balanced approach to capital allocation: eligible dividends, share repurchases under our active NCIB, and growth investments. We urge our unitholders to vote in favour of the conversion.”