Glencore Raises Guidance for Key Metric; Expects ASX Trading to Start Oct 14
By Ian Walker
Glencore raised its long-term guidance for a key metric, which is also expected to be much higher this year, due to a rise in readily marketable inventories.
The miner and commodity trader, which expects to start trading on the Australian Securities Exchange Oct. 14, said Friday that it expects to report marketing adjusted earnings before interest and taxes over $5 billion this year compared with previous guidance of around $4.9 billion. Marketing adjusted EBIT in 2025 was $2.9 billion.
Long-term marketing adjusted EBIT is seen at $2.8 billion to $4.2 billion compared with previous guidance of $2.3 billion to $3.5 billion.
"RMI has moved progressively and materially higher over the past few years, primarily due to movements in commodity prices, inflation, the commercial opportunity set and our overall business volumes and scale," Glencore said.
The marketing unit represents about 25% of the company's overall adjusted EBIT.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
October 02, 2026 05:10 ET (09:10 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.The articles, information, and content displayed on this webpage may include materials prepared and provided by third parties. Such third-party content is offered for informational purposes only and is not endorsed, reviewed, or verified by Morningstar.
Morningstar makes no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any third-party content displayed on this site. The views and opinions expressed in third-party content are those of the respective authors and do not necessarily reflect the views of Morningstar, its affiliates, or employees.
Morningstar is not responsible for any errors, omissions, or delays in this content, nor for any actions taken in reliance thereon. Users are advised to exercise their own judgment and seek independent financial advice before making any decisions based on such content. The third-party providers of this content are not affiliated with Morningstar, and their inclusion on this site does not imply any form of partnership, agency, or endorsement.
Popular
4 Stocks to Buy Before They Rise Further
2 Undervalued Stocks to Buy Before They Rebound
The 10 Best Dividend Stocks
12 Best Blue-Chip Stocks to Buy for the Long Term
United States