LyondellBasell Q3 FY2026: sales up 10.0%, EPS $2.32, cash flow $1.41B
LyondellBasell delivered a genuine turnaround: revenue rose 10.0% to $8.50 billion, net income swung to $758 million from a year-ago loss, and free cash flow reached $1.41 billion. The catch is that non-GAAP EPS of $2.54 came in just below the $2.59 consensus and fell hard from $4.30 in the prior quarter. Read the year-over-year gains as real and the sequential fade as partly seasonal.
1 · Expected vs. Actual
Free preview belowGAAP EPS of $2.32 against a $(2.77) loss a year ago looks dramatic, but that year-ago quarter carried $1.20 billion of asset write-downs. On the cleaner non-GAAP basis, EPS of $2.54 beat last year's $1.01 yet missed the $2.59 consensus and fell from $4.30 in the second quarter. Identified items, mainly European propylene oxide closure costs, cut GAAP EPS by $0.22.
Revenue of $8.50 billion was up 10.0% from $7.73 billion a year earlier, a genuine recovery rather than an accounting effect. Sequentially it slipped 7.4% from $9.18 billion, as polymer prices fell in the Europe, Asia and International segment and volumes dropped after the May 2026 sale of European assets. The mix is concentrated: polyethylene at $1.91 billion and oxyfuels at $1.89 billion are now the two largest lines.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-02
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