LyondellBasell Industries (LYB) Q3 2026 Earnings
GAAP diluted EPS of $2.32 included $70 million of identified items net of tax ($0.22 per share), primarily $77 million pre-tax site closure costs (incl. ~$76 million for European PO joint venture closure), $22 million loss from discontinued operations, $2 million Cash Improvement Plan costs, offset by $(9) million European transaction costs net of TSA income.
How Did LYB Stock React to Q3 2026 Earnings?
Did LYB Beat Earnings? Q3 2026 Results
No. LyondellBasell Industries reported Q3 2026 earnings of $2.54 a share on Oct 30, 2026, missing the $2.59 consensus estimate by 2.1%. Revenue was $8.5B against a $8.9B estimate.
LyondellBasell Industries delivered a mixed third quarter, with adjusted earnings of $2.54 per diluted share falling just short of the $2.59 consensus estimate, while revenue of $8.50 billion trailed expectations of $8.93 billion by 4.79%, as a sequential pullback in polymer and olefin prices after Q2's conflict-driven spike weighed heavily on results. The single most decisive factor was the reversal in the O&P Americas segment, where EBITDA excluding identified items collapsed to $641 million from $1.27 billion the prior quarter as petrochemical pricing normalized following Middle East-related volatility. That pressure was partially offset by a standout performance in Intermediates and Derivatives, where EBITDA roughly doubled to $795 million on stronger oxyfuels margins and the restart of the Bayport PO/TBA unit. GAAP diluted EPS came in at $2.32, reflecting $70 million in after-tax identified items tied primarily to European site closure costs. Looking ahead, management guided Q4 North American O&P operating rates at 85%, cautioning that any normalization of Middle East conditions is likely to be gradual and non-linear, while polyethylene demand and oxyfuels margins remain supportive.
- I&D EBITDA excluding identified items rose to $795 million from $386 million in Q2; oxyfuels and related products added about $350 million, driven equally by stronger gasoline crack spreads and higher volumes after the Bayport PO/TBA restart
- Channelview PO/TBA utilization increased to about 110% through the Value Enhancement Program
- Acetyls benefited from improved reliability at LaPorte
- O&P-Americas EBITDA fell to $641 million from $1,267 million (excluding identified items) on softening polymer and olefin prices; olefins down about $320 million and polyolefins down about $265 million
- O&P-EAI EBITDA excluding identified items fell to $13 million from $331 million on lower polymer prices, lower volumes after the European asset sale and about $50 million lower equity income; Q2 also included a ~$50 million emission-credit gain
- APS EBITDA declined on lower volumes from weaker automotive demand
- Technology EBITDA declined on lower licensing revenue and lower catalyst volumes
- Operating cash flow of $1.7 billion included a release of working capital
“In an evolving macroeconomic environment, we delivered another quarter of strong earnings and robust cash conversion through disciplined execution underscored by the strength of our global, cost-advantaged portfolio.”
LyondellBasell Industries CEO, on the earnings call
What Is LyondellBasell Industries's Outlook?
Middle East conditions are likely to remain fluid, and any return to pre-conflict conditions is expected to be non-linear and take longer than anticipated. Customer buying has been affected by inventory levels and price volatility. However, polyethylene domestic and export demand is strong, polymer pricing improved through the end of Q3, and oxyfuels margins and demand remain strong. For Q4, LYB expects normal seasonal demand with ongoing supply uncertainty and a planned maintenance project at a North American polypropylene asset. Expected operating rates are 85% for North American O&P, 60% for European O&P and 75% for I&D, and a seasonal working-capital release is anticipated. The company continues to execute its Cash Improvement Plan. Capital allocation priorities are unchanged: safe operations, disciplined deleveraging, an attractive dividend and selective investment.
LYB YoY Financials
When Does LyondellBasell Industries Report Next?
Figures from SEC filings and company reports. Not investment advice.