LyondellBasell Q2 EPS of $4.30 Crushes Estimates by 26%
LYB sits 49% above its 52-week low of $41.58.
Summary
LyondellBasell delivered a massive Q2 beat with adjusted EPS of $4.30, 26% above the $3.41 consensus, driven by expanding polymer margins and tighter global supply. Revenue rose to $9.18 billion, reflecting improved market conditions and higher operating rates. The company also provided Q3 guidance: North American O&P operating rates at 85%, European at 70%, with the Bayport PO/TBA restart boosting intermediates and Clinton downtime weighing on polyolefins. This follows the 8-K filed earlier today confirming net income of $559 million and EBITDA of $2.1 billion. The beat is material for a $19.5 billion market cap company and should force analysts to revise estimates upward.
At the time of this announcement, LYB was trading at $61.91 on NYSE in the Manufacturing sector, with a market capitalization of approximately $19.5B. The 52-week trading range was $41.58 to $83.94. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.