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Sep 30, 2022
LyondellBasell Q3 2022 Earnings Report
LyondellBasell reported earnings for Q3 2022.
Key Takeaways
LyondellBasell reported a net income of $572 million, or $1.75 per share, for the third quarter of 2022. The company's EBITDA was $1.1 billion, or $1.2 billion excluding identified items. LyondellBasell generated $1.4 billion in cash from operating activities during the quarter and returned more than $550 million to shareholders in the form of dividends and share repurchases.
Net Income: $572 million, $642 million excluding identified items
Diluted earnings per share: $1.75 per share, $1.96 per share excluding identified items
EBITDA: $1.1 billion, $1.2 billion excluding identified items
Delivered $1.4 billion in cash from operating activities
Forward Guidance
Persistent inflation and high energy costs coupled with weaker seasonal demand are likely to drive further margin compression across most of the company's businesses in the fourth quarter. Challenging conditions are expected to continue in European and Asian markets.
Positive Outlook
- Demand from consumer packaging, oxyfuels and refining markets remains strong.
- LyondellBasell's diverse business portfolio equips the company to navigate difficult environments.
- LyondellBasell's commercial agility equips the company to navigate difficult environments.
- LyondellBasell's robust balance sheet equips the company to navigate difficult environments.
- LyondellBasell's strong liquidity equip the company to navigate difficult environments.
Challenges Ahead
- Persistent inflation is likely to drive further margin compression.
- High energy costs are likely to drive further margin compression.
- Weaker seasonal demand is likely to drive further margin compression.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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