Higher commodity prices drive Glencore’s first-half earnings and revenue growth, with EBITDA up 72% year-over-year.
Glencore reported first-half non-GAAP earnings per share of $0.31, as revenue surged 48.6% year-over-year to $174.43 billion. The company attributed the gains to elevated commodity prices across its industrial and marketing segments.
Industrial Adjusted EBITDA rose 72% to $6.5 billion, while Marketing Adjusted EBIT climbed 142% to $3.3 billion, nearing a record for the period. Glencore reaffirmed its full-year 2026 production outlook amid the strong performance.
The results reflect broad strength in commodity markets, with pricing tailwinds supporting earnings growth across divisions.