Formosa Petro stock: S&P Global upgrades rating for Formosa Petro stock to BBB+

Published on 10/19/2026 at 17:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 12.96 percent to TWD 182.98 billion. Formosa Petro stock at TWD 116.00 on October 19, 2026, down 5.31 percent versus TWD 122.50.

Rating upgrade and market position

S&P Global Ratings upgraded Formosa Petrochemical to BBB+ from BBB on October 19, 2026.
Second-quarter revenue rose 12.96 percent to TWD 182.98 billion.
Formosa Petro stock stood at TWD 116.00 on October 19, 2026 at 1:30 p.m. TST, down 5.31 percent versus TWD 122.50.
The company is scheduled to report its next earnings on October 29, 2026, while its P/E was 20.14.

Formosa Petro, TW0006505001, Illustration mit AI erstellt.

S&P Global Ratings upgraded Formosa Petrochemical Corporation's issuer credit rating to BBB+ from BBB on October 19, 2026, placing the company within a broader upgrade for four Formosa group companies. The stock stood at TWD 116.00 on the Taiwan Stock Exchange at 1:30 p.m. TST, down 5.31 percent from the previous close of TWD 122.50.

Credit quality improves to BBB+

The upgrade gives investors a fresh balance-sheet reference as the group works through volatile refining and chemical markets. S&P Global Ratings said the four companies moved to BBB+ from BBB, with a stable outlook. The report also identified commodity chemical oversupply and weaker downstream demand as risks for earnings.

Revenue provides the operating measure

Formosa Petrochemical reported second-quarter revenue of TWD 182.98 billion, up 12.96 percent sequentially, while net income reached TWD 20.78 billion. TradingView lists the second-quarter earnings per share at TWD 2.18 and identifies October 29, 2026 as the next earnings date. September revenue had risen 65.6 percent year over year, according to a Reuters report carried by TradingView.

Stock position and trading range

The Taiwan listing's intraday range was TWD 115.50 to TWD 128.00 on October 19, 2026, with an opening price of TWD 125.50. Trading volume reached 73,723,107 shares, versus an average of 36,126,287 shares. The 52-week range was TWD 43.20 to TWD 129.00, putting the latest price 10.08 percent below the high.

Valuation and next reporting date

Formosa Petrochemical had a market capitalization of TWD 1.1 trillion and a P/E ratio of 20.14 on October 19, 2026. Its trailing dividend yield was 0.01 percent. The next earnings report is scheduled for October 29, 2026, according to TradingView.

Comparison with peers

Formosa Petro: minus 5.31 percent, P/E 20.14, market capitalization TWD 1.1 trillion

Formosa Plastics (TWSE, TWD): minus 4.75 percent, P/E 47.68, market capitalization TWD 497.8 billion

Nan Ya Plastics (TWSE, TWD): minus 1.14 percent, P/E 48.95, market capitalization TWD 2.4 trillion

Price and reporting dates

The credit upgrade improves the formal rating reference, while the September revenue increase and second-quarter figures provide separate operating markers. The next scheduled earnings date is October 29, 2026.

Formosa Petro stock stood at TWD 116.00 on the Taiwan Stock Exchange on October 19, 2026 at 1:30 p.m. TST, down 5.31 percent versus TWD 122.50.

Market context: Market report TAIEX.

More news and analyses on Formosa Petro stock