BASF forecasts €7.4B-€7.8B 2026 EBITDA before special items while keeping €1.5B-€2.3B free cash flow range

Oct 28, 2026, 8:11 AM ETBASF SE (BASFY) Stock, BFFAF StockAI-Generated Earnings Calls Insights

Earnings Call Insights: BASF SE (BASFY) Q3 2026

Management View

• “Before we start the discussion of our Q3 results, I would like to address the possible combination of BASF and Evonik upfront.” (CEO & Chairman of the Board of Executive Directors Markus Kamieth) “A potential combination with Evonik would be a logical and meaningful step in this direction.” (CEO & Chairman of the Board of Executive Directors Kamieth) “We will only pursue a potential transaction if it is value accretive for our shareholders. We will not overpay.” (CEO & Chairman of the Board of Executive Directors Kamieth)
• “BASF delivered another strong quarter with considerable growth in EBITDA before special items driven by all core businesses.” (CEO & Chairman of the Board of Executive Directors Kamieth) “Disciplined capital allocation enabled us to further reduce net debt, strengthen our balance sheet and continue our share buybacks.” (CEO & Chairman of the Board of Executive Directors Kamieth) “The strong year-to-date performance of our core businesses gives us confidence to narrow our forecast range for EBITDA before special items upward.” (CEO & Chairman of the Board of Executive Directors Kamieth)
• “We divested the Decorative Paints business in 2025 and completed the transaction with Carlyle in 2026 at a combined multiple of 13x, resulting in net cash inflows of more than EUR 6 billion.” (CEO & Chairman of the Board of Executive Directors Kamieth) “The preparations for the planned IPO of Agricultural Solutions are on track, giving us confidence that the business will be IPO-ready by mid-2027.” (CEO & Chairman of the Board of Executive Directors Kamieth)
• “At EUR 6.4 billion, EBITDA before special items increased by more than EUR 900 million compared with the prior year period.” (CFO & Chief Digital Officer Dirk Elvermann) “Net income came in at EUR 5.2 billion, including the disposal gain of EUR 3.5 billion after tax from the Coatings transaction with Carlyle.” (CFO & Chief Digital Officer Elvermann)

Outlook

• “We expect EBITDA before special items of between EUR 7.4 billion and EUR 7.8 billion.” (CEO & Chairman of the Board of Executive Directors Kamieth) “Compared with our previous forecast, we have raised the lower end of the range and slightly increased the upper end.” (CEO & Chairman of the Board of Executive Directors Kamieth)
• “Given the continuing uncertainty surrounding further geopolitical and global economic developments and their impact on oil and gas prices, in particular, we maintain the forecast range for the free cash flow of between EUR 1.5 billion and EUR 2.3 billion.” (CEO & Chairman of the Board of Executive Directors Kamieth)
• Compared with the prior quarter, “we now anticipate EBITDA before special items of between EUR 6.9 billion and EUR 7.7 billion in 2026” (CEO & Chairman of the Board of Executive Directors Kamieth, Q2 2026) shifted to “between EUR 7.4 billion and EUR 7.8 billion” (CEO & Chairman of the Board of Executive Directors Kamieth, Q3 2026), while the free cash flow range stayed “between EUR 1.5 billion and EUR 2.3 billion” (CEO & Chairman of the Board of Executive Directors Kamieth, Q2 2026; CEO & Chairman of the Board of Executive Directors Kamieth, Q3 2026).

Read more here: https://seekingalpha.com/news/4658833-basf-forecasts-7_4b-7_8b-2026-ebitda-before-special-items-while-keeping-1_5b-2_3b-free-cash?position=rta_news_sublogic2_main_2_textlink&messageid=2900&mailingid=48132857&serial=48132857.481&source=email_2900