Companies /Basic Materials

LyondellBasell Industries NV - Class A

NYSE: LYB Specialty Chemicals
$64.76
▼ $1.81 (−2.72%) today
Markets closed · 5:52pm ET

Q2 2026 Earnings

Reported Jul 31, 2026, 6:31am ET · SEC source
$4.30
Beat +25.41%
EPS · est. $3.43
$9.2B
Miss −1.17%
Revenue · est. $9.3B
+3.0%
Beating market
LYB vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0Jul 31Jul 31report 6:31am ETearnings−0.1%+1.5%
−2%0Jul 31Jul 31earnings−0.1%+1.5%
LYB +1.5%S&P 500 −0.1%
−2%0Jul 31Jul 31report 6:31am ETearnings−0.9%+1.5%
−2%0Jul 31Jul 31earnings−0.9%+1.5%
LYB +1.5%NASDAQ −0.9%
−6%−3%0+3%Jul 30Aug 7report 6:31am ETearnings+3.7%−4.7%
−6%−3%0+3%Jul 30Aug 7earnings+3.7%−4.7%
LYB −4.7%S&P 500 +3.7%
−4%0+4%Jul 30Aug 7report 6:31am ETearnings+4.5%−4.7%
−4%0+4%Jul 30Aug 7earnings+4.5%−4.7%
LYB −4.7%NASDAQ +4.5%
+2.71%
Day of report
−2.35%
Next session
−4.01%
One week
+4.98%
30 days

S&P 500 over the same 30 days: +1.97%.

Did LYB Beat Earnings? Q2 2026 Results

LyondellBasell Industries delivered a standout second quarter in 2026, posting adjusted diluted EPS of $4.30 against a consensus estimate of $3.43, a 25.41% beat that reflected a sharp reversal from the year-ago quarter's $0.62. The primary catalyst was geopolitical disruption in the Middle East, which tightened petrochemical supply chains and drove polymer margins, co-product pricing, and oxyfuels spreads sharply higher, lifting EBITDA excluding identified items to $2.13 billion, nearly triple Q2 2025's $715.00 million. The Americas olefins and polyolefins segment led the charge, generating $1.27 billion in segment EBITDA as North American crackers ran at approximately 95% capacity. Revenue of $9.18 billion came in slightly below the $9.29 billion consensus estimate, a 1.17% miss. GAAP net income of $559.00 million was weighed down by an $842.00 million after-tax charge, largely tied to a completed European asset divestiture. Management expects the Middle East supply disruption to extend into 2027, with Q3 North American O&P operating rates guided at approximately 85%.

Key Takeaways
  • Supply-constrained market conditions across all business segments driven by Middle East conflict
  • Expanding polymer margins and favorable co-product pricing in O&P-Americas
  • North American assets operated at approximately 90% utilization (ethylene crackers at ~95%)
  • Improved polymer spreads in O&P-EAI driven by supply chain disruptions and stronger joint venture contributions
  • Higher oxyfuels, methanol, and PO derivatives margins in I&D
  • Higher average sales prices in APS due to industry supply constraints
  • Higher catalyst demand and licensing milestone completions in Technology segment
  • Gain on sale of European emission credits of approximately $50 million

“In a dynamic macroeconomic environment, we delivered exceptional results through deliberate commercial actions, the strength of our advantaged portfolio and improved market conditions supporting margin expansion.”

LyondellBasell Industries CEO, on the earnings call

Forward Guidance & Outlook

Middle East conditions remain fluid and are expected to continue as a source of volatility for energy and petrochemical value chains. The pace and timing at which conflict-impacted supply will return to the market remains uncertain, with the recovery period likely extending into 2027. While LYB does not anticipate material demand deterioration in key end markets, near-term price uncertainty could temporarily impact normal buying patterns. The Bayport PO/TBA restart should provide volume uplift in I&D, while planned Clinton facility downtime will impact polyolefins volumes in H2 2026. Q3 operating rate guidance: ~85% for North American O&P, ~70% for European O&P, and ~85% for I&D. Capital allocation priorities include scheduled note maturity repayment in September, maintaining the dividend, and disciplined deleveraging. The company remains on target to deliver $500 million in incremental cash through its Cash Improvement Plan by year-end 2026.

LYB YoY Financials

Revenue$9.2B
Net Income$559.0M

Figures from SEC filings and company reports. Not investment advice.