LyondellBasell Q3 adjusted EPS misses estimates
LYB•LyondellBasell reported Q3 revenue of $8.5 billion and adjusted EPS of $2.54, slightly below the $2.57 analyst estimate. It expects normal seasonal demand and ongoing supply uncertainty in Q4.
1. Q3 results
LyondellBasell reported Q3 revenue of $8.50 billion, while adjusted EPS was $2.54 versus the $2.57 consensus estimate from 18 analysts. Q3 EPS was $2.32.
2. Profitability and outlook
The company cited higher profitability in Intermediates and Derivatives, especially oxyfuels, as a driver of results. It expects Middle East conditions to remain fluid, with recovery likely to be gradual, and expects normal seasonal demand and ongoing supply uncertainty in Q4.
3. Expected operating rates
LyondellBasell expects Q4 operating rates of 85% for North American O&P, 60% for European O&P and 75% for I&D.
