AdvanSix Reports Q4 and Full-Year 2025 Financial Results
AdvanSix (NYSE: ASIX), an integrated chemistry company serving diverse end markets, today announced its financial results for the fourth quarter and full year ending December 31, 2025. The Company closed the year strongly, reflecting a disciplined focus on operational efficiency, commercial execution, and navigating challenging industry dynamics.
Full-Year 2025 Performance
AdvanSix delivered solid results in 2025 despite a mix of cyclical and input cost challenges across its business segments.
Key highlights include:
- Adjusted EBITDA: $157 million for the full year
- Free cash flow: Positive generation amid market volatility
- Record production: Achieved across ammonia and sulfuric acid operations
- Strategic initiatives: Continued execution of the SUSTAIN program and carbon capture tax credits under Section 45Q
- Dividend and debt management: Maintained competitive dividend and conservative leverage levels
Erin Kane, President and CEO, stated:
We delivered these results while successfully completing planned plant turnarounds, funding key growth initiatives, claiming additional 45Q carbon capture tax credits, and finalizing settlement proceeds from the 2019 PES supplier shutdown. Our focus on operational excellence and strategic initiatives has enabled us to navigate a challenging year and position the Company for future growth.
Fourth Quarter 2025 Summary
Adjusted EBITDA for Q4 2025 was $24.8 million, up $14.5 million from the prior year. This improvement was primarily driven by favorable impacts from plant turnarounds and higher production volumes, partially offset by a decline in Chemical Intermediates pricing relative to raw material costs.
Adjusted EPS for the quarter was $0.03, down $0.06 year-over-year, influenced by market pricing pressures but partially offset by $9.7 million in 45Q carbon capture tax credits claimed in Q4 2024.
Cash flow from operations totaled $63.7 million, slightly lower by $0.4 million compared to last year, reflecting reduced ammonium sulfate pre-buy advances partially offset by other working capital changes. Capital expenditures for the quarter were $27.6 million, a $6.8 million decrease from the prior year.
Segment Insights
Nylon Solutions faced continued cyclical trough market conditions, with the Company focused on operational levers to optimize performance during the cycle low.
Plant Nutrients experienced robust supply and demand fundamentals, even amid higher raw material costs, supporting overall financial resilience.
Chemical Intermediates faced lower net pricing, as anticipated, but efficiency improvements and turnarounds helped mitigate margin pressures.
Strategic Execution and Operational Highlights
Throughout 2025, AdvanSix successfully executed several strategic and operational initiatives:
- Plant Turnarounds: Planned maintenance activities were completed efficiently, limiting downtime impacts.
- Production Records: Both ammonia and sulfuric acid units achieved record annual output.
- SUSTAIN Program: Key growth initiatives continued to advance, enhancing sustainability and operational efficiency.
- Carbon Capture Credits: Additional Section 45Q tax credits were claimed, supporting cash flow.
- Settlement Proceeds: Received final payments related to the 2019 PES supplier shutdown.
- Financial Discipline: Maintained a competitive dividend and conservative debt leverage.
2026 Outlook
AdvanSix expects continued momentum and disciplined execution in 2026, guided by market fundamentals and strategic initiatives.
Expectations include:
- Plant Nutrients: Continued strength in supply and demand, although sulfur input costs are higher.
- Acetone Margins: Spread over propylene costs anticipated near cycle averages, with U.S. anti-dumping duties renewed for five years.
- Nylon Solutions: Extended trough cycle anticipated, focus on controllable levers to optimize performance.
- Capital Expenditures: Projected at $75–95 million, down from $116 million in 2025, reflecting prioritization of base investments and growth initiatives including SUSTAIN.
- Plant Turnaround Impact: Pre-tax income effect expected at $20–25 million, slightly lower than $25 million in 2025.
- Tax Incentives: Continued cash flow benefits from 45Q carbon capture tax credits and 100% bonus depreciation.
Kane noted:
The overall end-market environment entering 2026 remains mixed. Plant Nutrients continues to show strength, and acetone margins are stable, while nylon remains at trough levels. Industry announcements on capacity rationalization and reduced operating rates may improve supply-demand balance over time. Our focus remains on optimizing production output, sales mix, and productivity to sustain through-cycle profitability. We have also launched a multi-year non-manpower fixed cost savings program targeting $30 million annually, alongside disciplined capital investment prioritization.
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