LyondellBasell Q1 adjusted EPS beats estimates, helped by North America margins

Lyondellbasell Industries N.v

01/05/2026 11:41

Overview

US chemicals producer's Q1 revenue declined yr/yr

Adjusted EPS for Q1 beat analyst expectations

Company completed sale of four European assets to enhance portfolio resilience

Outlook

Company expects significant sequential improvement in Q2 across almost all businesses

LyondellBasell anticipates further margin expansion in North America driven by export demand and crude-linked pricing

Company expects increased polymer spreads in Europe to more than offset lower volumes from divestitures

Result Drivers

NORTH AMERICAN ADVANTAGE - Lower feedstock costs and higher product prices boosted integrated polyethylene margins in the Americas, offsetting winter storm impacts

EUROPEAN MARKET CONDITIONS - Reduced imports and improved seasonal demand drove higher prices and volumes in Europe, partially offset by higher naphtha costs

PORTFOLIO ACTIONS AND COST CONTROL - Portfolio transformation and cost reduction initiatives, including asset sales and the Cash Improvement Plan, supported sequential improvement

Company press release: ID:nGNXH2BMl

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales and other operating revenues
$7.20 bln
Q1 Adjusted EPS
Beat
$0.49
$0.20 (16 Analysts)
Q1 EPS
$0.38


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 6 "strong buy" or "buy", 11 "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 NV is $75.00, about 0.5% above its April 30 closing price of $74.60

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)