Chemical maker LyondellBasell's Q2 profit beats estimates

LyondellBasell Industries

31/07/2026 11:41

Overview
US chemical and polymer producer's Q2 adjusted EPS beat analyst expectations
Q2 revenue rose to $9.18 bln, driven by improved market conditions and higher operating rates
Company completed divestiture of select European assets to improve cost structure

Outlook
Company expects Q3 operating rates of 85% for North American O&P assets, 70% for European O&P
LyondellBasell says Middle East conditions remain fluid, likely to drive volatility in energy markets
Company expects Bayport PO/TBA restart to boost I&D volumes, Clinton downtime to impact polyolefins

Result Drivers
POLYMER MARGINS - O&P Americas segment results improved on expanding polymer margins and favorable co-product pricing due to tighter global market supply
SUPPLY CHAIN DISRUPTIONS - O&P Europe, Asia and International benefited from improved polymer spreads driven by supply chain disruptions and stronger joint venture contributions
COST REDUCTIONS - Continued fixed-cost reductions and lower capital expenditures through the Cash Improvement Plan supported improved margins and cash generation

Company press release: ID:nGNX60FTKR

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales and other operating revenues
 
$9.18 bln
 
Q2 Adjusted EPS
Beat
$4.30
$3.41 (17 Analysts)
Q2 EPS
 
$1.71
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 9 "hold" and 4 "sell" or "strong sell"
The average consensus recommendation for the commodity chemicals peer group is "buy."
Wall Street's median 12-month price target for Lyondellbasell Industries N.v is $65.00, about 7.5% above its July 30 closing price of $60.44
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 18 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)