LyondellBasell Q1 net income $125M with $568M EBITDA and doubled Americas margins
LYB•LyondellBasell reported Q1 2026 net income of $125 million ($163 million excluding items) and EBITDA of $568 million ($615 million ex-items), driven by doubled Americas margins. It completed four European asset sales and ended the quarter with $2.6 billion cash and $7.3 billion liquidity to support cost-optimization.
1. Q1 2026 Financial Results
LyondellBasell generated net income of $125 million in the first quarter of 2026, or $0.38 per diluted share, compared with $(140) million in the prior quarter. Excluding $38 million of identified items, net income rose to $163 million and EPS reached $0.49. EBITDA for Q1 was $568 million, or $615 million excluding items, reflecting sequential improvement driven by operational discipline.
2. Segment Performance
The Olefins & Polyolefins Americas segment saw EBITDA double sequentially as lower feedstock costs and higher polyethylene prices offset weather impacts. In Europe, reduced imports and stronger seasonal demand bolstered prices despite higher naphtha costs. Intermediates & Derivatives margins improved on stronger propylene oxide pricing, while oxyfuels margins compressed due to lower gasoline cracks and a Bayport outage.
3. Portfolio and Cash Management
During Q1, the company completed the sale of four European sites to right-size its footprint and bolster resilience. It used $269 million of operating cash, matched capex of $269 million and paid $224 million in dividends, finishing with $2.6 billion in cash and $7.3 billion of available liquidity. Ongoing cost-optimization and working-capital discipline remain central to its cash-improvement strategy.
