10-K · February 26, 2026
LSB Industries (LXU) positions itself as a producer of ammonia and related nitrogen products with a strategic pivot toward low- and no‑carbon products, leveraging three U.S. production sites and a Baytown operating…
Earnings analysis · 10-Q
LXU earnings analysis
Filed April 30, 2026 · Our reading of the company's report
The latest report
LSB Industries, Inc. reported strong Q1 2026 results with revenue of $169.5 million, surpassing expectations of $166.2 million. Earnings per share (EPS) of $0.27 outperformed the anticipated $0.12, signaling increased…
Read full summary
LSB Industries, Inc. reported strong Q1 2026 results with revenue of $169.5 million, surpassing expectations of $166.2 million. Earnings per share (EPS) of $0.27 outperformed the anticipated $0.12, signaling increased demand in core segments such as ammonium nitrate.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.27
- Gross margin
- 25.0%
What stood out
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Revenue Outperformance
Actual revenue was $169.5 million, beating estimates by 1.99%.
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Significant EPS Beat
Reported EPS of $0.27 compared to an estimate of $0.12.
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Improved Gross Margin
Gross margin improved to 25.0%, up from 16.4% in the previous quarter.
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Continued Segment Growth
Strong performance primarily in ammonium nitrate and nitric acid segments.
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Positive Free Cash Flow
Generated free cash flow of $36 million, reversing negative FCF from previous quarters.
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No Natural Gas Contracts Outstanding
As of March 31, 2026, there are no outstanding contracts affecting derivative accounting.
What to watch
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Geopolitical Instability
Ongoing conflict in the Middle East could disrupt commodity prices affecting operations.
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Commodity Price Fluctuations
Volatility in natural gas prices remains a significant risk, impacting costs.
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Sector Performance Issues
Recent downgrades in industry performance due to geopolitical factors may lead to increased market volatility.
Management's outlook
Outlook discusses heightened risks due to global events but does not provide explicit numerical guidance.
Earlier filings 4
10-Q · April 30, 2025
LSB Industries reported Q1 net sales of $143,432 (in thousands), up $5,228 (in thousands) versus Q1 2024, but profitability deteriorated: gross profit fell to $14,384 (in thousands) from $22,278 (in thousands) and the…
10-K · February 27, 2025
LSB positions itself to be a leader in the energy transition by leveraging its ammonia/hydrogen operating expertise and pursuing low- and no‑carbon products while balancing agricultural spot sales with industrial,…
10-Q · October 30, 2024
LSB reported Q3 net sales of $109.217 million (down from $114.287 million a year ago) and a widening operating loss of $24.423 million, driven by a gross loss of $7.945 million. The company generated $82.6 million of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.