Tronox (TROX) saw its shares tumble 5.64% in after-hours trading on Wednesday following the release of its third-quarter 2025 financial results, which fell significantly short of analyst expectations across multiple metrics.

The company reported Q3 revenue of $699 million, considerably below the $768.8 million estimated by analysts polled by IBES. Tronox's adjusted EBITDA for the quarter came in at $74 million, also missing the $93.4 million forecast. The adjusted EBITDA margin stood at 10.6%, reflecting challenging market conditions.

Tronox's bottom line also disappointed investors, with an adjusted earnings per share (EPS) loss of $0.46, far worse than the expected loss of $0.14 per share. The company reported a net income loss of $99 million for the quarter, while income from operations showed a deficit of $43 million, underscoring the difficulties faced by the titanium dioxide producer during the period.