Quarterly ResultMay 1, 2026, 06:33 AM
LYB Q1 Net Income $125M, EPS $0.38; Completes European Divestment
AI Summary
LyondellBasell (LYB) reported Q1 2026 net income of $125 million, or $0.38 per diluted share, showing sequential improvement from Q4 2025. Excluding identified items, net income was $163 million and EPS was $0.49. The company completed the sale of four European assets, enhancing portfolio resilience. LYB is leveraging cost-advantaged production and optimizing operations in response to a steepened global petrochemical cost curve due to the Middle East war, while maintaining focus on cash generation and fixed cost reduction. The outlook for Q2 anticipates significant sequential improvement across most businesses.
Key Highlights
- LYB completed the sale of four European assets, transforming its portfolio.
- Q1 2026 Net Income was $125 million ($163 million excluding identified items).
- Diluted EPS was $0.38 ($0.49 excluding identified items).
- EBITDA reached $568 million ($615 million excluding identified items).
- Cash used in operating activities was $269 million; capital expenditures were $269 million.
- Returned $224 million to shareholders through dividends.
- Ended Q1 with $2.6 billion in cash and $7.3 billion in total liquidity.
- Anticipates significant sequential improvement in Q2 across most businesses.