Core Insights - Celanese Corporation reported fourth-quarter results that missed analyst expectations for both earnings and revenue, yet shares rose over 4% in after-hours trading [1] Financial Performance - Adjusted earnings per share for the fourth quarter were $0.67, below the consensus estimate of $0.91 [1] - Revenue for the fourth quarter totaled $2.2 billion, slightly under the forecast of $2.25 billion and down 6.5% from $2.36 billion in the same quarter last year [1][2] - The company recorded an operating profit of $93 million and adjusted EBIT of $251 million for the fourth quarter [2] Yearly Overview - For the full year 2025, Celanese generated adjusted earnings per share of $3.98 on net sales of $9.5 billion, representing a 7% year-over-year decline [3] - Operating cash flow totaled $1.1 billion, while free cash flow reached $773 million [3] Future Outlook - The company expects limited change in the demand environment during the first quarter, with seasonal volume improvements offset by the timing of dividend payments from its acetate tow joint venture in China [4] - Celanese forecasts first-quarter adjusted EPS of $0.70 to $0.85 and targets free cash flow between $650 million and $750 million for 2026 [4]

Core Viewpoint - U.S. stock futures are trading higher, indicating a positive market sentiment for the day ahead [1] Group 1 - Certain stocks are expected to attract investor attention today [1]

分组1 - Celanese reported quarterly earnings of $0.67 per share, missing the Zacks Consensus Estimate of $0.89 per share, and down from $1.45 per share a year ago, representing an earnings surprise of -24.62% [1] - The company posted revenues of $2.2 billion for the quarter, missing the Zacks Consensus Estimate by 1.16%, and down from $2.37 billion year-over-year [2] - Celanese shares have increased by approximately 39.2% since the beginning of the year, while the S&P 500 has declined by 0.1% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.89 on revenues of $2.4 billion, and for the current fiscal year, it is $5.45 on revenues of $9.57 billion [7] - The Zacks Industry Rank for Chemical - Specialty is currently in the bottom 25% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [8]

Exhibit 99.2 Non-U.S. GAAP Financial Measures and Supplemental Information February 17, 2026 In this document, the terms the "Company," "we" and "our" refer to Celanese Corporation and its subsidiaries on a consolidated basis. Purpose The purpose of this document is to provide information of interest to investors, analysts and other parties including supplemental financial information and reconciliations and other information concerning our use of non-U.S. GAAP financial measures. This document is updated q ...

Core Viewpoint - Celanese Corporation is expected to report a decline in earnings and revenue for its fourth quarter compared to the previous year [1][2]. Financial Performance - Analysts predict Celanese will report quarterly earnings of 91 cents per share, a decrease from $1.45 per share in the same quarter last year [1]. - The consensus estimate for quarterly revenue is $2.25 billion, down from $2.37 billion a year earlier [1]. Dividend Information - On February 11, Celanese declared a quarterly dividend of 3 cents per share [1]. Stock Performance - Celanese shares increased by 0.1% to close at $58.85 on the previous Friday [2].

Price Increase Summary - The company has announced a price increase for several chemical products across different regions, including the USA, Canada, Mexico, South America, and EMEA [1] Product Pricing Details - Acetic Acid prices will increase by $50 in the USA and Canada, $50 in Mexico and South America, and €50 in EMEA [1] - Vinyl Acetate Monomer prices will rise by $100 in the USA and Canada, $100 in Mexico and South America, and €100 in EMEA [1] - Acetic Anhydride prices will see an increase of $60 in all regions: USA, Canada, Mexico, South America, and EMEA [1] - Esters will also have a price increase of $50 across the USA, Canada, Mexico, South America, and €50 in EMEA [1]

Core Insights - Celanese has successfully completed the divestiture of its Micromax® business, indicating a strategic shift in its portfolio management [1] Company Summary - The divestiture aligns with Celanese's focus on enhancing its core operations and optimizing its business structure [1] - The Micromax® business was sold to a private equity firm, which is expected to leverage its expertise to drive growth in this segment [1] Industry Context - This divestiture reflects a broader trend in the chemical industry where companies are increasingly streamlining operations to focus on high-growth areas [1] - The move may signal potential investment opportunities in companies that are acquiring divested assets in the chemical sector [1]

Core Insights - The article discusses recent price increases for polyamide resins in the Americas and EMEA regions, indicating a trend in the materials market [1] Price Increase Summary - Polyamide-6 prices have increased by $0.25 per kg in both the Americas and EMEA regions [1] - Polyamide-6,6 prices have increased by $0.20 per kg in both the Americas and EMEA regions [1]

Core Insights - Artificial intelligence (AI) is identified as the greatest investment opportunity of the current era, with a strong emphasis on the urgent need for energy to support its growth [1][2][3] Industry Overview - Wall Street is investing hundreds of billions into AI technologies, but there is a critical question regarding the energy supply needed to sustain this growth [2] - AI technologies, particularly large language models, are extremely energy-intensive, with data centers consuming as much energy as small cities [2] - The demand for electricity is expected to rise significantly, leading to strained power grids and increasing electricity prices [2] Company Insights - A specific company is highlighted as a key player in the energy infrastructure sector, poised to benefit from the increasing energy demands of AI [3][6] - This company owns critical nuclear energy infrastructure assets and is capable of executing large-scale engineering, procurement, and construction projects across various energy sectors [7] - The company is positioned to profit from the surge in U.S. LNG exports, especially under the current administration's energy policies [7] Financial Position - The company is noted for being debt-free and holding a significant cash reserve, which is nearly one-third of its market capitalization [8] - It also has a substantial equity stake in another AI-related company, providing investors with indirect exposure to multiple growth opportunities [9] Market Sentiment - There is a growing interest from hedge funds in this company, which is considered undervalued and off the radar compared to other AI and energy stocks [10][11] - The company is trading at less than 7 times earnings, indicating a potential for significant upside as the market begins to recognize its value [10] Future Outlook - The convergence of AI, energy infrastructure, and onshoring trends presents a unique investment opportunity, with the potential for substantial returns in the coming years [14][15]

Core Viewpoint - Celanese Corporation has successfully completed transactions to extend its debt maturity profile, improving liquidity and reducing total debt maturities significantly [2][4]. Group 1: Debt Transactions - Celanese US Holdings LLC completed a registered offering of $1.4 billion in notes, consisting of $600 million of 7.00% Senior Notes due 2031 and $800 million of 7.38% Senior Notes due 2034 [2][9]. - The net proceeds will be utilized to purchase $946 million of 6.67% Senior Notes due 2027 and $254 million of 6.85% Senior Notes due 2028, along with retiring the remaining $130 million of a term loan due 2027 [3][9]. Group 2: Financial Impact - Following these transactions, the average maturity of Celanese's debt is expected to increase from 4.1 years to 4.7 years, with total debt maturities between 2026 and 2028 reduced from $4.7 billion to $3.4 billion [4][9]. - The effective total net borrowing rate is projected to rise by approximately 2 basis points to about 5.31% [4][9]. Group 3: Strategic Outlook - The transactions align with Celanese's conservative outlook for free cash flow generation and aim to reduce net debt to 3x Operating EBITDA, while maintaining a commitment to cash generation and EBITDA growth [5]. - The company plans to deploy all available cash proceeds to lower leverage [5]. Group 4: Stock Performance - CE's shares have declined by 37% over the past year, contrasting with a 1.5% decline in the industry [7]. - CE currently holds a Zacks Rank of 3 (Hold) [8].