The massive EPS beat and strong revenue growth signal a cyclical recovery amplified by supply disruptions. Monitor Middle East developments and operating rate guidance for sustainability. The completion of European asset divestiture improves cost structure but the $734M loss on sale is a one-time drag.
Price Chart
Executive Summary
LyondellBasell reported Q2 2026 EPS excluding identified items of $4.30, a 25.6% beat vs consensus of $3.42, driven by supply constraints from the Middle East conflict that boosted margins across all segments. Revenue of $9.18B slightly missed the $9.29B consensus (-1.2%), but grew 19.8% YoY. The company completed the divestiture of select European assets and generated $752M in operating cash flow.
Key Financial Metrics
Key Facts
- Q2 2026 EPS excluding identified items: $4.30 vs consensus $3.42 (beat 25.6%)
- Revenue: $9.177B vs consensus $9.29B (miss 1.2%), but up 19.8% YoY from $7.658B
- EBITDA excluding identified items: $2.127B vs $715M in Q2 2025
- Completed divestiture of four European assets in May 2026, recording a $734M pre-tax loss on sale
- Cash from operations: $752M; cash and liquid investments: $2.64B; liquidity: $7.09B
- OP-Americas segment EBITDA ex-items surged to $1.267B from $318M a year ago
- No share repurchases in Q2; $224M in dividends paid
Financial Impact
EPS beat of $0.88 (25.6%) on $4.30 vs $3.42 consensus; revenue miss of $113M (1.2%)
Risk Factors
- Middle East conflict volatility could reverse supply constraints
- Planned downtime at Clinton facility will impact polyolefins volumes in H2
- Potential demand deterioration if price outlook causes buying pattern shifts
- Historical negative stock reaction to earnings despite beats (past reports show avg T+20 -9.5%)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001489393-26-000057 |
| Document: a2026q2ex991_pressrelease.htm | 0001489393-26-000057 |
| Document: lyb-20260731.htm | 0001489393-26-000057 |
| Document: 0001489393-26-000057-index-headers.html | 0001489393-26-000057 |
| Document: 0001489393-26-000057-index.html | 0001489393-26-000057 |
| Document: 0001489393-26-000057.txt | 0001489393-26-000057 |
| 8-K Data (Synthetic) | 0001489393-26-000057 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 31, 2026 9w ago | 8-K | $62.08 $63.67 | ▲ +2.56% | ▼ −0.43% | $58.58 (−5.63%) |
Jul 7, 2026 12w ago | Press Release | $54.60 $60.62 | ▲ +11.03% | ▲ +9.69% | $58.58 (+7.30%) |
Jul 6, 2026 12w ago | Press Release | $52.97 $62.08 | ▲ +17.20% | ▲ +17.76% | $58.58 (+10.60%) |
May 29, 2026 17w ago | 8-K | $67.13 $53.62 | ▼ −20.12% | ▼ −17.81% | $58.58 (−12.72%) |
May 22, 2026 19w ago | Press Release | $69.65 $58.52 | ▼ −15.97% | ▼ −15.81% | $58.58 (−15.88%) |
May 1, 2026 22w ago | Press Release | $74.75 $67.14 | ▼ −10.17% | ▼ −15.46% | $58.58 (−21.62%) |
May 1, 2026 22w ago | Press Release | $74.75 $67.14 | ▼ −10.17% | ▼ −15.46% | $58.58 (−21.62%) |
Apr 10, 2026 25w ago | Press Release | $73.69 $71.51 | ▼ −2.95% | ▼ −11.48% | $58.58 (−20.49%) |
Apr 10, 2026 25w ago | DEFA14A | $73.69 $71.51 | ▼ −2.95% | ▼ −11.48% | $58.58 (−20.49%) |
Apr 6, 2026 25w ago | Press Release | $78.60 $75.94 | ▼ −3.38% | ▼ −12.37% | $58.58 (−25.46%) |
US Market Status
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