NEU

• Overall Financial Performance

  • Q2 2026 net income was $134 million ($14.54 per diluted share), up from $111 million ($11.84 per diluted share) in Q2 2025
  • H1 2026 net income was $252 million ($27.14 per diluted share), up from $237 million ($25.11 per diluted share) in H1 2025
  • H1 2026 generated solid operating cash flow, enabling $182 million in total shareholder return via $56 million in dividends and $126 million in share repurchases
  • Net debt to EBITDA ratio improved to 1.0x as of June 30, 2026

• Operational Progress

  • Petroleum Additives segment delivered steady profit growth driven by implemented surcharges that offset higher raw material and logistics costs stemming from Middle East supply chain disruptions
  • The completed CALCAS acquisition boosted Specialty Materials segment year-over-year revenue and profit in Q2 2026; management notes ongoing quarterly result volatility is expected for this segment due to its inherent business nature
  • NewMarket is investing to expand production capacity for ammonium perchlorates and high purity hydrazine, which support domestic production of critical aerospace and defense chemicals; new capacity is scheduled to come online by the end of 2026

• Core Strategic Principles

  • Management reaffirmed commitment to long-term value creation, a safety-first culture, customer-centric solutions, technology-driven product development, and maintenance of a world-class supply chain to benefit all stakeholders

Management did not provide explicit quantitative full-year or second half 2026 guidance, nor did it issue any upward, downward, or maintained revisions to prior formal guidance. Management only stated it remains committed to making decisions that promote long-term value for customers and shareholders while staying focused on the company's pre-established long-term strategic objectives.

1. Petroleum Additives Segment: Q2 2026 sales reached $676 million (vs. $654 million in Q2 2025), with Q2 2026 operating profit of $149 million (vs. $140 million in Q2 2025). For H1 2026, segment sales were $1.3 billion (flat year-over-year), and operating profit was $284 million (vs. $282 million in H1 2025). This segment accounts for approximately 91% of total company Q2 2026 revenue. 2. Specialty Materials Segment: Q2 2026 sales were $67 million (vs. $42 million in Q2 2025; 2025 results exclude the CALCAS acquisition completed October 1, 2025), with Q2 2026 operating profit of $22 million (vs. $11 million in Q2 2025). For H1 2026, segment sales were $125 million (vs. $96 million in H1 2025), and operating profit was $35 million (flat year-over-year). This segment accounts for approximately 9% of total company Q2 2026 revenue.

The only risk explicitly noted on the call is ongoing supply chain disruption for raw materials and logistics stemming from the ongoing conflict in the Middle East, which has driven higher raw material and logistics costs for the Petroleum Additives segment. No other operational, financial, or market risks were discussed during the call.

No questions were asked by meeting participants during this conference call. After management delivered prepared remarks, the conference was concluded by the operator.