Q2 25 EPS
$0.62
MISS 20.84%
Est. $0.78
Q2 25 Revenue
$7.66B
BEAT +1.99%
Est. $7.51B
vs S&P Since Q2 25
+29.1%
BEATING MARKET
LYB +45.0% vs S&P +15.9%
Market Reaction
Did LYB Beat Earnings? Q2 2025 Results
LyondellBasell Industries delivered a deeply mixed second quarter, as the global chemicals giant continued to absorb the weight of a prolonged industry downturn. Adjusted EPS came in at $0.62, missing the $0.78 consensus estimate by 20.84%, while rev… Read more LyondellBasell Industries delivered a deeply mixed second quarter, as the global chemicals giant continued to absorb the weight of a prolonged industry downturn. Adjusted EPS came in at $0.62, missing the $0.78 consensus estimate by 20.84%, while revenue of $7.66 billion edged past the $7.51 billion forecast by 1.99%, a combination that sent shares tumbling more than 9% in the days following the report. The earnings shortfall was rooted in a collapse in EBITDA, which fell to $715 million on an adjusted basis, down sharply from $1.64 billion in Q2 2024, as weak integrated polyethylene margins and a near-breakeven European O&P segment weighed heavily on profitability. In response, management expanded its Cash Improvement Plan to target at least $1.10 billion in savings across 2025 and 2026, while also announcing the planned sale of four European olefins and polyolefins assets to pivot toward a more cost-advantaged global footprint. Looking ahead, LyondellBasell expects Q3 North American polyethylene margins to improve on completed maintenance and solid domestic demand, targeting 85% operating rates for North American O&P assets.
Key Takeaways
- • Completion of Channelview complex turnarounds enabled higher operating rates and improved integrated polyethylene volumes and margins in North America
- • Seasonally stronger domestic demand for polyethylene and polypropylene from consumer packaging, healthcare, building and construction, and infrastructure markets
- • June polyethylene contract price increase providing momentum for Q3 profitability
- • Stronger styrene margins due to lower benzene costs and industry outages
- • Lower feedstock costs improved integrated polyethylene margins in Europe
- • Oxyfuels margins fell as lower crude oil prices limited seasonal uplift from summer driving season
- • Global markets began to adapt to trade volatility contributing to more stable operating environment
LYB YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
“As we advance our three-pillar strategy, LYB continues to grow and upgrade our core businesses through disciplined capital allocation that extends our competitive advantage. We are expanding our Cash Improvement Plan to help navigate a prolonged cyclical downturn. Our Value Enhancement Program and portfolio optimization actions remain on track to reap the benefits from a cycle recovery.”
— Peter Vanacker, Q2 2025 Earnings Press Release
LYB Earnings Trends
LYB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
LYB EPS Trend
Earnings per share: estimate vs actual
LYB Revenue Trend
Quarterly revenue: estimate vs actual
LYB Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | — | — | — | — |
| Q4 25 MISS FY | $0.20 | $-0.26 | -230.00% | $7.09B | — |
| FY Full Year | $2.26 | $1.70 | -24.67% | $30.15B | +0.87% |
| Q3 25 BEAT | $0.80 | $1.01 | +25.86% | $7.73B | +4.59% |
| Q2 25 MISS | $0.78 | $0.62 | -20.84% | $7.66B | +1.99% |
| Q1 25 MISS | $0.43 | $0.33 | -24.02% | $7.68B | +3.56% |