LSB Industries Q2 sales beat estimates on higher prices
LXU•Q2 sales and profitability
U.S. ammonia and fertilizer producer LSB Industries said second-quarter revenue rose 11% year over year on higher prices and volumes.
The company posted a second-quarter net loss, citing $28.8 million in turnaround expenses for plant maintenance. Adjusted EBITDA rose to $53.1 million from $38.3 million, helped by higher sales and pricing.
Outlook for the second half
LSB Industries expects higher production rates and improved performance in the second half of 2026.
The company said market conditions for its industrial and fertilizer businesses remain constructive, with a strong demand outlook. It also expects robust nitrogen demand through the full fertilizer application season.
Drivers of the quarterly results
- Planned turnarounds — Significant maintenance at the El Dorado and Pryor plants led to $28.8 million in turnaround expenses and reduced production and sales volumes for ammonia and UAN.
- Higher selling prices — Increased prices for AN, UAN and ammonia contributed to higher net sales.
- Lower input costs — Average natural gas costs fell 15% year over year, supporting margins.
