Dow 10-Q Details Q3 EPS of $0.62 and $4.3B Nine-Month Operating Cash Flow
DOW sits 53% above its 52-week low of $20.93.
Summary
Dow's Q3 10-Q confirms $0.62 diluted EPS on $11.3 billion of sales and shows nine-month operating cash flow of $4,287 million, with net debt down to $12,839 million. It also details a $298 million Sadara guarantee charge and newly disclosed securities and environmental litigation.
Key Events · Earnings and Guidance · DOW
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Q3 EPS $0.62 on $11.3B Sales
Net income available to Dow Inc. common stockholders was $458 million, or $0.62 per diluted share, versus $62 million ($0.08) a year earlier; sales rose 13% to $11,267 million.
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Nine-Month Cash Flow Surges
Cash from continuing operations was $4,287 million versus $764 million a year earlier, and free cash flow was $2,446 million versus negative $1,147 million.
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Net Debt Falls to $12.8B
Gross debt of $17,539 million less $4,142 million cash and $558 million marketable securities gives net debt of $12,839 million, down from $13,960 million at December 31, 2025.
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Sadara Guarantee Charge Quantified
The Sadara project-financing guarantee liability rose $298 million in Q1 2026 and stands at $500 million in other noncurrent obligations; Dow suspended recognition of its Sadara equity losses in Q1 2026.
Analysis · DOW · Industrial Applications And Services
The headline numbers were already out on October 22, but the full 10-Q fills in what the 8-K did not. Nine-month operating cash flow came in at $4,287 million versus $764 million a year earlier, free cash flow at $2,446 million versus negative $1,147 million, and net debt fell to $12,839 million from $13,960 million at year-end. The filing also quantifies the Sadara problem: a $298 million fair-value hit to the guarantee liability in Q1 and a suspension of equity-loss recognition. Newly disclosed litigation includes a securities class action over dividend-sustainability statements and a Texas wastewater complaint. For a leveraged chemical maker, the cash generation and deleveraging are the real story; the litigation and Sadara exposure are the risks that cap the upside.
How filings like this one have moved
In the 30 days to Oct 23, 2026, 29.6% of the 1590 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.25%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, DOW was trading at $32.09 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $23B. The 52-week trading range was $20.93 to $42.74. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.