Q4 25 EPS
$-0.26
MISS 230.00%
Est. $0.20
Q4 25 Revenue
$7.09B
vs S&P Since Q4 25
+48.8%
BEATING MARKET
LYB +52.9% vs S&P +4.1%
Full Year 2025 Results
FY 25 EPS
$1.70
MISS 24.67%
Est. $2.26
FY 25 Revenue
$30.15B
BEAT +0.87%
Est. $29.89B
Market Reaction
Did LYB Beat Earnings? Q4 2025 Results
LyondellBasell Industries delivered a painful fourth-quarter miss to close out a turbulent 2025, posting adjusted EPS of $-0.26 against a $0.20 consensus estimate, a 230% shortfall, on revenue of $7.09 billion. The primary culprit was O&P-Americas, w… Read more LyondellBasell Industries delivered a painful fourth-quarter miss to close out a turbulent 2025, posting adjusted EPS of $-0.26 against a $0.20 consensus estimate, a 230% shortfall, on revenue of $7.09 billion. The primary culprit was O&P-Americas, where surging NGL feedstock and natural gas costs collided with weaker ethylene and propylene prices and reduced polyethylene volumes, carving out a $332 million year-over-year decline in adjusted segment EBITDA. On a GAAP basis, full-year results were grimmer still, with a $738 million net loss weighed down by $1.25 billion in non-cash asset write-downs. One bright spot was the company's Cash Improvement Plan, which delivered $800 million in 2025 against a $600 million target, prompting management to raise the cumulative goal to $1.30 billion by year-end 2026. Analysts have flagged dividend sustainability as a growing concern given the market environment. Looking into Q1 2026, LyondellBasell sees support for North American polyethylene from tight inventories and winter storm-related supply disruptions, while capital expenditures are set to fall sharply to $1.20 billion as the company streamlines its portfolio ahead of four planned European asset divestitures.
Key Takeaways
- • Cash Improvement Plan delivered $800 million in 2025, exceeding the $600 million target
- • Higher NGL feedstock and natural gas costs compressed Q4 margins
- • Seasonally lower demand restrained product prices in Q4
- • Record safety performance achieved in 2025
- • APS segment delivered meaningful gains through margin improvement, portfolio optimization, and increased business win rates
- • European polymer margins declined due to import competition
- • North American polyethylene chain margins fell due to trade issues, higher feedstock costs and a well-supplied market
- • New octane capacity pressured oxyfuels margins through most of the summer
LYB YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
“During 2025 LyondellBasell continued to navigate the cycle while maintaining focus on our long-term strategy. Despite challenging markets, our Cash Improvement Plan achieved $800 million in 2025, well-above our $600 million target relative to our 2025 plan. With this momentum, we are increasing our cumulative target from $1.1 billion to $1.3 billion by the end of 2026 and expect to generate an additional $500 million of cash relative to 2025 actuals. Diligent work by our team allowed the company to close the year with $3.4 billion of cash and cash equivalents. We made significant progress in optimizing the LYB business portfolio and our ongoing commitment to operational excellence was reflected in record safety performance. These actions have positioned LyondellBasell to capture significant value once markets recover.”
— Peter Vanacker, Q4 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% |