LyondellBasell Q2 2026 earnings

In late July 2026 LyondellBasell Industries reported second‑quarter net income of $0.6 billion, diluted earnings of $1.71 per share and EBITDA of $1.3 billion, while also noting a divestiture of selected European assets and a cash‑improvement plan. Within days analysts highlighted a much larger earnings surge: adjusted EBITDA rose to about $2.13 billion—a 197 % year‑over‑year increase—driven by tighter global polymer supply, higher pricing and near‑full utilization of North American olefin and polyolefin assets. Sales grew roughly 20 % to $9.18 billion, and JPMorgan upgraded the stock to Overweight with a $80 price target. An unplanned outage at the Bayport propylene oxide facility was restarted in June.

By early August the company reaffirmed the $2.13 billion adjusted EBITDA figure and the 20 % sales growth, attributing the performance to geopolitical supply constraints that limited feedstock abroad and allowed U.S. operations to capture stronger margins. BMO Capital Markets raised its price target to $68 while maintaining a “market perform” rating, and the broader analyst consensus remained a hold with an average target of $73.5, reflecting optimism about earnings momentum despite broader market volatility.