Formosa Petrochemical starts cracker turnaround: what it means for Formosa Petrochemical stock
Published on 10/13/2026 at 09:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS- Formosa Petrochemical started a turnaround at its No. 2 cracker on October 3, 2026.
- Second-quarter revenue reached TWD 182.98 billion and net income was TWD 20.78 billion.
- The stock was trading at TWD 119.00 on October 13, 2026, with market capitalization of TWD 1.1 trillion.
- Citi set a TWD 108.00 price target and a Buy rating on September 25, 2026.
Formosa Petrochemical started a turnaround at its No. 2 cracker on October 3, 2026, according to Polymerupdate. The operational event gives investors a concrete reference point as the company moves toward its next earnings report.
Three dated operating signals
In the second quarter of 2026, Formosa Petrochemical reported revenue of TWD 182.98 billion and net income of TWD 20.78 billion, according to Investing.com. The same quarterly data show gross profit of TWD 25.43 billion, giving the turnaround a financial backdrop rather than making it a stand-alone plant update.
On September 25, 2026, Citi upgraded Formosa Petrochemical to Buy and set a TWD 108.00 price target, as reported by Investing.com. On October 3, 2026, Polymerupdate reported the No. 2 cracker turnaround, making the plant schedule the latest dated operating development.
What does the turnaround mean for operations?
The No. 2 cracker reference matters because a turnaround temporarily shifts attention from headline sales to plant availability and restart timing. Formosa Petrochemical's second-quarter net income of TWD 20.78 billion provides the latest reported earnings benchmark for judging the effect of any operational disruption.
Next report comes October 29
TradingView identifies October 29, 2026, as Formosa Petrochemical's next earnings-report date and lists second-quarter earnings per share at TWD 2.18 against a TWD 2.18 estimate. Its data also show second-quarter revenue of TWD 182.98 billion and next-quarter revenue expectations of TWD 200.42 billion, keeping the upcoming report focused on whether sales momentum continues.
At 1:30 p.m. TST on October 13, 2026, Formosa Petrochemical was trading at TWD 119.00 on the Taiwan Stock Exchange, while market capitalization stood at TWD 1.1 trillion. The TWD 119.00 price was above Citi's TWD 108.00 target, although the two figures come from different reference dates and are not a return calculation.
Market context: Market report TAIEX.
Formosa Petrochemical key facts
- Company: Formosa Petrochemical Corporation
- ISIN: TW0006505001
- Ticker: 6505.TW
- Primary exchange: Taiwan Stock Exchange
- Price Taiwan Stock Exchange as of October 13, 2026, 1:30 p.m. TST: TWD 119.00
- Market capitalization: TWD 1.1 trillion (as of October 13, 2026)
- Sector: Energy
- Next earnings date: October 29, 2026
