The Q2 guidance for 'significant sequential improvement' across most businesses is the key catalyst — if realized, it could reverse the revenue decline. However, the Q1 revenue miss and negative operating cash flow warrant caution. Watch for Q2 pre-announcements or industry data on polyethylene/polypropylene spreads to validate the bullish outlook.
Price Chart
Executive Summary
LyondellBasell reported Q1 2026 GAAP EPS of $0.38 (vs consensus $0.28, beat) but GAAP net income of $125M was down 29% YoY from $177M. Revenue of $7.197B missed the $7.37B consensus and declined 6.3% YoY from $7.677B. The company highlighted war-driven margin expansion in North America and European asset sales, but the top-line miss and weak cash flow (-$269M operating) temper the narrative.
Key Financial Metrics
Key Facts
- Q1 2026 GAAP EPS $0.38 vs consensus $0.28 (beat), but GAAP net income $125M vs $177M YoY (-29%)
- Revenue $7.197B missed $7.37B consensus and fell 6.3% YoY from $7.677B
- EBITDA ex-identified items $615M vs $576M YoY (+6.8%)
- Operating cash flow -$269M vs typical Q1 working capital build; $2.6B cash, $7.3B liquidity
- Completed sale of four European sites; guiding for significant sequential improvement in Q2 across most businesses
- War in Middle East steepening global petrochemical cost curve, benefiting LYB's cost-advantaged North American assets
Financial Impact
Revenue miss of ~$173M vs consensus; EPS beat of $0.10 vs consensus but net income down $52M YoY
Risk Factors
- Geopolitical escalation in Middle East could disrupt supply chains or cause demand destruction
- Revenue decline YoY signals underlying demand weakness despite war-driven margin tailwinds
- Negative operating cash flow in Q1 may pressure capital returns if sustained
- European asset sale reduces revenue base, making YoY comparisons difficult
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3285791 |
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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