Second Quarter and First Half 2025 Financial Results Announced by NewMarket Corporation

NewMarket Corporation Reports Strong Financial Results for First Half of 2025

Second Quarter and First Half 2025 Financial Results Announced by NewMarket Corporation

In a recent press release, NewMarket Corporation, a leading manufacturer of specialty materials and petroleum additives, has announced its financial results for the first half of 2025.

The company, which operates through its subsidiaries Afton Chemical Corporation, Ethyl Corporation, and American Pacific Corporation, reported strong sales and profits across both segments.

Specialty Materials Performance

Sales for specialty materials in the second quarter of 2025 amounted to $42.0 million, marking a steady increase from the first quarter. For the first half of the year, specialty materials sales reached $95.8 million. The segment's operating profit for the second quarter was $10.5 million, and for the first half of the year, it stood at $33.7 million.

Petroleum Additives Performance

The Petroleum Additives segment saw even more significant growth. Petroleum additives sales for the second quarter of 2025 were $653.9 million, a substantial increase from the previous quarter. For the first half of the year, petroleum additives sales reached an impressive $1.3 billion. The segment's operating profit for the second quarter was $139.8 million, and for the first half of the year, it was $281.9 million.

The Petroleum-Additives segment covers the United States, specifically the south-central states of Oklahoma, Kansas, Missouri, Nebraska, and Arkansas, as part of Eagle Americas' expanded agent network through its partnership with C4 Industrial.

Financial Highlights

For the first half of 2025, NewMarket Corporation reported a net income of $237.2 million, or $25.11 per share. This is a significant increase from the net income of $111.2 million, or $11.84 per share, reported for the second quarter of 2025.

The company's consolidated statements of income, balance sheets, and cash flow data are provided for the second quarter and first half of 2025 and 2024. Non-GAAP financial information, including EBITDA, is also provided for the same periods.

Debt and EBITDA Ratios

The net debt to EBITDA ratio for June 30, 2025, was 1.0, a decrease from the ratio of 1.2 for December 31, 2024. For the rolling four quarters ended June 30, 2025, the ratio was 1.0, and for the rolling four quarters ended December 31, 2024, it was 1.2.