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CMP-News
CMP-Events
Company Raises 2026 Adjusted EBITDA Guidance to $218M-$242M
The company said, "Mid-point of full-year 2026 guidance for total company Adjusted EBITDA was raised within modified range of $218M-$242M, reflecting stronger-than-expected results in the Plant Nutrition segment and adjustments in the Salt segment related to mix dynamics, inflationary pressures and the pace of operational improvements."
Company Reports Q3 Revenue of $215.3M, Exceeding Expectations
Reports Q3 revenue $215.3M, consensus $206.53M. "What we are experiencing in our Plant Nutrition business is the clearest example of what our improvement process can deliver. We produced segment Adjusted EBITDA of $15.0 million in the quarter on improved pricing and lower per-unit costs, and we have again raised our full-year expectations for this business. In Salt, we realized meaningful pricing gains in highway during the quarter, and we are seeing early signs of a constructive pricing environment within our consumer and industrial product line as well. However, production costs at our mining operations have not yet improved at the pace we expected. Production tons are up year over year, but as we invest in maintenance, labor and associated costs have remained elevated relative to plan. We raised our full-year consolidated Adjusted EBITDA guidance midpoint to $230 million, driven by significantly stronger Plant Nutrition performance partially offset by mix, inflationary pressures and the pace of operational improvements in Salt," said Edward Dowling Jr., president and CEO.
Compass Minerals Appoints Brandon Risner as COO
Compass Minerals announced the departure of Patrick Merrin, effective Aug. 3, 2026, and the promotion of Brandon Risner to chief operating officer, COO. Risner joined the company in December 2020 and has more than 25 years of experience in mining
EnergyX Enters MOU with Compass Minerals to Invest $400M
Energy Exploration Technologies entered into a Memorandum of Understanding with Compass Minerals. Per the agreement, the companies will explore the development of EnergyX's projected 30,000 tons-per-annum commercial-scale DLE and refinery facility near the Great Salt Lake in Utah. Under the terms of the agreement, EnergyX plans to design, fund, construct and operate a commercial DLE and refining facility on land owned by Compass Minerals. The Ogden, Utah, site has been identified as a significant domestic resource of approximately 2.4M metric tons of lithium carbonate equivalent. As per the terms being explored, EnergyX will lease land from and pay a lithium production license fee to Compass Minerals, which will assign to EnergyX its existing lithium infrastructure and bear no capital costs in connection with the project. The concept under consideration would enable EnergyX to develop the project in two phases, with the first up to 10,000 tpa derived from ponds currently used by Compass Minerals for the production of its salt, sulfate of potash and magnesium chloride products. The second phase of an additional potential ~20,000 tpa is to be sourced from upstream brine concentration ponds. Across both phases, lithium will be extracted without incremental withdrawal from the Great Salt Lake. EnergyX plans to invest approximately $400M in the project, taking advantage of its industry-low CapEx costs of $12,500 per ton. The project is expected to create nearly 200 jobs in the region. This development in Ogden would mark a major milestone for EnergyX, serving as the company's second flagship U.S. project alongside its operations in the Smackover Formation of Texas and Arkansas. Together, these projects represent transformative steps toward securing a sustainable domestic supply of battery-grade lithium and strengthening the United States' critical minerals independence. The planned lithium facility in Ogden will be powered by EnergyX's proprietary GET-Lit DLE and refining technologies, supported by more than 140 patents.
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