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Sep 30
LyondellBasell Q3 2025 Earnings Report
LyondellBasell reported a net loss due to significant asset impairments, despite strong cash generation in Q3 2025.
Key Takeaways
LyondellBasell posted a $890 million net loss in Q3 2025, driven by $1.2 billion in non-cash asset write-downs. However, the company generated strong cash from operations and maintained high cash conversion, highlighting resilience amidst challenging market conditions.
Reported a net loss of $890 million due to $1.2 billion in asset impairments.
Adjusted EPS was $1.01, excluding identified items.
Generated $983 million in cash from operating activities with 135% cash conversion.
Returned $443 million to shareholders through dividends.
LyondellBasell
LyondellBasell
Forward Guidance
LyondellBasell expects Q4 results to be impacted by seasonal trends and lower operating rates, but remains optimistic on mid-term recovery due to industry rationalization and ongoing cost initiatives.
Positive Outlook
- Industry capacity rationalization expected to support mid-term recovery.
- Channelview and Hyperzone facilities performing above nameplate rates.
- Strong cash conversion and operational discipline.
- Progress on portfolio transformation with European asset sales.
- Cost reduction initiatives expected to offset pricing pressure.
Challenges Ahead
- Seasonality and lower operating rates to impact Q4 results.
- Higher feedstock and natural gas costs in North America.
- Continued weak demand in Europe.
- Oxyfuels profitability expected to decline due to seasonal factors.
- Pricing pressure in Advanced Polymers Solutions segment.