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Earnings analysis · 10-Q

LYB earnings analysis

Filed May 1, 2026 · Our reading of the company's report

The latest report

LyondellBasell's Q1 2026 report shows a return to profitability with a net income of $125 million, or EPS of $0.38, exceeding estimates. Revenue declined 6% year-over-year to $7.197 billion attributed to lower prices,…

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LyondellBasell's Q1 2026 report shows a return to profitability with a net income of $125 million, or EPS of $0.38, exceeding estimates. Revenue declined 6% year-over-year to $7.197 billion attributed to lower prices, though segments like O&P-Americas experienced improved margins. Management projects a positive outlook for Q2 2026, expecting better market conditions across multiple business segments.

Read the original on SEC.gov

Where revenue came from

The business segments reported by the company.

O&P-EAI 31.3% O&P-Americas 30.5% I&D 25.8% APS 11.0% Technology 1.3%

Shares of the segments disclosed in this filing, largest first.

Reported figures

Earnings per share
$0.38
Operating margin
3.32%

What stood out

  • Return to Profitability

    Net income of $125 million or EPS of $0.38, a significant turnaround from previous quarters.

  • Revenue Performance

    Revenue of $7.197 billion, while 6% lower from last year, increased 1% sequentially.

  • Improved Operating Margin

    Operating income soared by 372% quarter-over-quarter to $239 million.

  • Cash Flow Improvements

    Operating cash flow improved to a $269 million outflow from a $579 million outflow year-over-year.

  • Segment Growth in O&P-Americas

    O&P-Americas revenue rose 4% to $2.437 billion quarter-over-quarter.

  • Positive Q2 Outlook

    Management anticipates significant improvement in market conditions in Q2 2026.

What to watch

  • Ongoing Geopolitical Tensions

    Geopolitical instability continues to pose risks for supply chains and prices.

  • Cash Flow Concerns

    Operating cash flow remains negative at -$269 million, reflecting operational challenges.

  • Segment Performance Variability

    Lower volumes in the O&P-EAI and Technology segments demonstrate vulnerability to market conditions.

Management's outlook

Management expects significant improvement in market conditions across all segments in Q2 2026.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.