LXU earnings analysis
What we found in LXU's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Outperformance
- Actual revenue was $169.5 million, beating estimates by 1.99%.
- Significant EPS Beat
- Reported EPS of $0.27 compared to an estimate of $0.12.
- Improved Gross Margin
- Gross margin improved to 25.0%, up from 16.4% in the previous quarter.
- Continued Segment Growth
- Strong performance primarily in ammonium nitrate and nitric acid segments.
- Positive Free Cash Flow
- Generated free cash flow of $36 million, reversing negative FCF from previous quarters.
- No Natural Gas Contracts Outstanding
- As of March 31, 2026, there are no outstanding contracts affecting derivative accounting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Geopolitical Instability
- Ongoing conflict in the Middle East could disrupt commodity prices affecting operations.
- Commodity Price Fluctuations
- Volatility in natural gas prices remains a significant risk, impacting costs.
- Sector Performance Issues
- Recent downgrades in industry performance due to geopolitical factors may lead to increased market volatility.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.27
- Gross margin
- 25.0%
What they said about what is next.
Outlook discusses heightened risks due to global events but does not provide explicit numerical guidance.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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